The HMA Mega Trend Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to identify the trend direction of the market, as well as provide entry and exit points. The indicator combines the Hull Moving Average (HMA) with the Mega Trend indicator. It uses two different periods of the HMA to identify the trend direction, and then the Mega Trend indicator to provide entry and exit points. The indicator is easy to use and can be applied to any chart. It will display a line in the chart window, which will show the trend direction. The line will be green when the trend is up and red when the trend is down. The user can then use the indicator to make trading decisions based on the trend. The HMA Mega Trend Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to identify the trend direction of the market, as well as provide entry and exit points.
Hma Mega Trend
The HMA Mega Trend Indicator is a popular and free forex indicator for the MetaTrader 4 (MT4) platform. The indicator uses Hull Moving Average (HMA) to detect changes in the market direction and then displays arrows on the chart to indicate the direction of the trend. It can also be used to identify potential reversal points. The HMA Mega Trend Indicator is a powerful tool that can help traders identify market trends and make profitable trades.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.