OBV 2.01 MTF Alerts NMC is a useful and popular free Forex indicator for MT4 (Metatrader 4) trading platform. This indicator allows traders to identify the strength of a trend by combining the On Balance Volume (OBV) and the Moving Average Convergence/Divergence (MACD) indicators. The OBV 2.01 MTF Alerts NMC indicator is designed to alert the trader when the OBV is above or below the MACD. This allows traders to identify when a trend is gaining or losing strength and helps them make decisions about when to enter or exit a trade. The OBV 2.01 MTF Alerts NMC indicator works by combining the OBV and MACD indicators. The OBV is an indicator that measures the buying and selling pressure in the market by tracking the volume of trades. The MACD is an indicator that measures the momentum of a trend. The OBV 2.01 MTF Alerts NMC indicator combines these two indicators to provide a more accurate signal when a trend is gaining or losing strength.
MT4
OBV 2.01 Alerts NMC
The OBV 2.01 MTF Alerts NMC forex indicator is a useful and popular MT4 indicator that provides traders with real-time alerts for different time frames. The OBV 2.01 MTF Alerts NMC indicator works by analyzing the On Balance Volume (OBV) indicator to detect possible trend reversals and breakouts. This helps traders stay on top of the market and make informed trading decisions.
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Description
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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.
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