The TMA Line Indicator is a useful and popular free Forex indicator for MT4 trading platforms. It is a technical analysis tool that uses moving averages to identify trend reversals and price breakouts. The TMA Line Indicator is based on a simple but powerful concept: the trend is your friend. By using the indicator, traders can easily identify when the trend is likely to reverse or when a price breakout is likely to occur. The TMA Line Indicator is easy to use and can be applied to any chart. It consists of two lines – the TMA Line and the Signal Line. The TMA Line is a moving average that is calculated using the closing prices of the last three periods. The Signal Line is a simple moving average of the TMA Line. When the TMA Line crosses above the Signal Line, it signals a potential trend reversal or price breakout. Conversely, when the TMA Line crosses below the Signal Line, it signals a potential trend reversal or price breakout. The TMA Line Indicator is a great tool for traders who are looking to identify potential trend reversals and price breakouts.
The TMA Line Indicator is a popular and useful forex indicator that can be freely downloaded and used with the MT4 trading platform. The indicator uses two moving averages to generate buy and sell signals, with the signal being generated when the two lines cross. The TMA Line Indicator also includes a histogram which can be used to identify the strength of the current trend. The indicator is easy to use and can be quickly downloaded and installed on the MT4 trading platform.
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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.