The Standard OSMA Indicator is a useful tool in forex trading, especially for those using the MT4 platform. It is a popular indicator because it is free and provides valuable insights into market trends. The OSMA (Moving Average of Oscillator) indicator is based on the difference between an oscillator and its smoothing signal line. It helps traders identify bullish and bearish trends by measuring the momentum of price movements. To use the Standard OSMA Indicator, simply add it to your chart on the MT4 platform. The indicator will display as a histogram that fluctuates above or below the zero line. Traders can look for crossovers, divergences, and other patterns to make informed trading decisions. Overall, the Standard OSMA Indicator is a powerful tool for forex traders looking to analyze market trends and make profitable trades.
MT4
Standard Osma
Standard OSMA Indicator is a popular and useful free forex indicator for MT4. It calculates the difference between a shorter moving average and a longer moving average to determine market momentum. Traders can use this indicator to identify potential trend reversals or continuations. To use the Standard OSMA Indicator, simply add it to your MT4 chart and interpret the signals it generates.
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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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