The AMA Smoothed RSI Indicator MT5 is a free and popular forex indicator that is useful for any trader. This indicator is based on the Relative Strength Index (RSI) and smoothed with the Adaptive Moving Average (AMA). The smoothed RSI is calculated using the AMA, which is a dynamic moving average that adapts to the market volatility. This indicator is designed to provide traders with a better understanding of the trend and is especially useful for traders who use the RSI indicator. The AMA Smoothed RSI Indicator MT5 is easy to use and can be added to any chart on the MT5 platform. The indicator displays the RSI values in a separate window, along with the AMA values. Traders can use the RSI values to identify overbought and oversold conditions, as well as to spot potential reversals. The AMA values can be used to confirm the trend and to help traders make better trading decisions. With its easy to use interface and powerful features, the AMA Smoothed RSI Indicator MT5 is a popular and useful forex indicator.
Ama Smoothed RSI
The AMA Smoothed RSI Indicator for MT5 is a popular and free forex indicator that is useful for traders of all levels. It is a technical indicator that is used to measure the relative strength of a currency pair. The indicator works by calculating the average of the RSI values over a specified period and then smoothing out the data to display a single line. The AMA Smoothed RSI Indicator for MT5 is a great tool for traders looking to gain an edge in their forex trading.
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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.