The KRVI Indicator is a useful and popular free Forex indicator for the MT4 trading platform. The indicator is designed to help traders identify overbought and oversold price levels, which can be used to identify potential entry and exit points for trades. The indicator uses a combination of the Relative Strength Index (RSI), and the Average Directional Movement Index (ADX) to calculate the overbought and oversold levels. The indicator works by calculating the RSI and ADX values for the current price. The indicator then plots a line on the chart that represents the average of the RSI and ADX values. When the line is above 70, the price is considered to be overbought, and when the line is below 30, the price is considered to be oversold. Traders can use this information to identify potential entry and exit points for trades. With the KRVI Indicator, traders can easily identify potential entry and exit points for trades, making it a useful and popular free Forex indicator for the MT4 trading platform.
The KRVI Indicator is a popular and free Forex indicator for the MT4 platform. The indicator is based on a combination of moving averages and oscillators, which helps to identify buy and sell signals as well as potential reversal points. It is a great tool for traders who want to take advantage of market reversals and capitalize on potential entry points.
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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.