The OsMA Divergence Indicator is a useful and popular free Forex indicator for the MT4 platform. It is used to detect divergences in the market, which can be used to identify potential trading opportunities. The indicator plots the Moving Average Convergence/Divergence (MACD) and the OsMA (Oscillator of Moving Average) on the same chart. The MACD is a trend following indicator that measures the momentum of the market, while the OsMA is an oscillator that measures the difference between two moving averages. The OsMA Divergence Indicator works by plotting the MACD and OsMA lines on the chart. When the MACD line crosses above the OsMA line, it indicates a bullish divergence and can be used to identify potential buying opportunities. Conversely, when the MACD line crosses below the OsMA line, it indicates a bearish divergence and can be used to identify potential selling opportunities. The OsMA Divergence Indicator is easy to use and can be used by both novice and experienced traders. Overall, the OsMA Divergence Indicator is a useful and popular free Forex indicator for the MT4 platform.
MT4
OsMa Divergence
The OSMA Divergence Indicator is a popular and free Forex indicator for MT4. It is a useful tool for traders as it helps to identify potential reversals in the market. The indicator works by plotting the difference between the oscillator and the price on the chart. If the price is moving higher while the oscillator is moving lower, it is an indication of a potential reversal. The OSMA Divergence Indicator is easy to use and can be a great addition to any trader’s toolbox.
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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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