The SMMA Wilders DMI Indicator MT5 is a popular and free Forex indicator that is useful for traders of all levels. It is based on the Directional Movement Index (DMI) developed by Welles Wilder and is designed to help traders identify trend direction and strength. The indicator measures the strength of a trend by calculating the difference between the current high and low prices, and then dividing it by the sum of the absolute values of the highs and lows. This calculation is then used to create a positive and negative line, which are used to identify the trend direction and strength. The indicator also includes a histogram to help traders visually identify the trend direction. The SMMA Wilders DMI Indicator MT5 is easy to set up and use, making it a popular choice for traders. It is a great tool to help traders identify trend direction and strength, enabling them to make better trading decisions.
Smma Wilders DMI
The SMMA Wilders DMI Indicator MT5 is a popular and free useful Forex indicator that can be used to help traders with their trading decisions. This indicator helps traders identify when a trend is starting or ending, and can also be used to identify potential entry and exit points. It is a great tool for traders who want to make informed decisions and maximize their profits.
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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.