The Percentage Price Oscillator (PPO) is a popular and useful free Forex indicator for MetaTrader 4 (MT4). It is a momentum oscillator that measures the difference between two moving averages (MA) to identify market trends. The PPO is used to identify price movements and to generate trading signals. The PPO is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. The result is then divided by the 26-day EMA and multiplied by 100 to create the Percentage Price Oscillator. A positive PPO indicates that the 12-day EMA is trading above the 26-day EMA, which is a sign of an uptrend. A negative PPO indicates that the 12-day EMA is trading below the 26-day EMA, which is a sign of a downtrend. In conclusion, the Percentage Price Oscillator is a popular and useful free Forex indicator for MT4. It measures the difference between two moving averages to identify market trends and generate trading signals.
MT4
Percentage Price Oscillator
The Percentage Price Oscillator (PPO) is a popular and useful free Forex indicator that is available on MT4. It is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. It is used to identify momentum shifts in the market, and can be used to identify trend reversals. The PPO is a versatile indicator that can be used in a variety of ways to help traders identify market trends and make better trading decisions.
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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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