The Ratio OSMA Indicator is a popular and useful forex indicator designed specifically for use on the MT4 platform. As a free indicator, it provides valuable insights into market trends, helping traders make informed decisions when trading forex. The indicator calculates and displays the difference between the MACD oscillator and its signal line in the form of a histogram. By analyzing the strength and momentum of price movements, the Ratio OSMA Indicator assists traders in identifying potential entry and exit points. To use the indicator, traders should interpret the histogram bars as an indication of bullish or bearish market conditions. Positive values suggest a bullish trend, while negative values indicate a bearish trend. Traders can rely on this information to plan their trades accordingly. The Ratio OSMA Indicator is highly customizable, allowing traders to adjust the sensitivity and appearance of the histogram to suit their individual trading strategies. Its user-friendly interface makes it accessible to both beginner and advanced traders. With its accurate insights and user-friendly features, this free MT4 forex indicator is a valuable tool for any forex trader looking to enhance their trading strategy.
MT4
Ratio Osma
The Ratio OSMA indicator is a popular and useful forex indicator designed for MT4. It is a free tool that helps forex traders analyze the market trends and identify potential entry and exit points. With its unique calculation method, the Ratio OSMA indicator efficiently measures the buying and selling pressure in the market. This descriptive text provides detailed information on how the indicator works and how traders can effectively utilize it for successful trading strategies.
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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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