The Volume MA Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders make better decisions by providing them with a clearer view of the market. The indicator uses the Moving Average (MA) to calculate the volume of the market, making it easier to spot potential trends and reversals. The Volume MA Indicator works by taking the average of the last 14 periods of volume. This allows the indicator to create a smoother line which is easier to read. The indicator also takes into account the direction of the current trend. This helps traders to identify if the trend is likely to continue or reverse. The indicator also provides a visual representation of the volume, as well as an oscillator that can be used to help identify potential entry and exit points. Overall, the Volume MA Indicator is a useful and popular free Forex indicator for the MT4 trading platform.
The Volume MA Indicator is a useful and popular free Forex indicator for MT4. It uses the volume of a currency pair to identify overbought and oversold conditions. The indicator uses the moving average of the volume of a currency pair to determine the trend. When the moving average is above the average, it indicates an uptrend. Conversely, when the moving average is below the average, it indicates a downtrend. By using this indicator, traders can identify potential entry and exit points in the market.
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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.