The Rate of Change Indicator (ROC) is a popular and free MT5 forex indicator that helps traders to identify changes in the price of a currency pair. It is a useful tool for traders to identify when a currency pair is overbought or oversold. The ROC indicator is calculated by taking the current price of a currency pair and subtracting the price from a certain period of time ago. The result is then divided by the price from a certain period of time ago. The ROC indicator can be used to identify when a currency pair is overbought or oversold. When the ROC is positive, it indicates that the price of the currency pair is increasing. When the ROC is negative, it indicates that the price of the currency pair is decreasing. The ROC indicator can also be used to identify when a trend is reversing. If the ROC value is increasing and then starts to decrease, it could indicate that the trend is reversing. By using the ROC indicator, traders can gain a better understanding of the market and make more informed trading decisions.
MT5
Rate Of Change
The Rate of Change Indicator MT5 is a useful and popular free Forex indicator. It is designed to measure the rate of change in price movements of a currency pair. This indicator uses a simple formula to calculate the rate of change for each period, which can be used to identify potential trends in the market. The indicator can be used in combination with other technical indicators to provide a more comprehensive picture of the market.
| Trading Style | |
|---|---|
| Indicator Type | |
| Timeframe | |
| Platform |
Downloads - 9
0
People watching this product now!
Description
Reviews (0)
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.
Related products
TRIX Indicator
The TRIX indicator is a new and popular technical analysis tool designed for the forex market wich available for free on the MT4 platform. TRIX uses triple exponential smoothing to identify trends and provide buy/sell signals based on crossovers and divergences. The indicator also helps traders identify overbought and oversold conditions, which can be used to make informed trading decisions. With its accuracy and simplicity, the TRIX indicator is quickly gaining popularity among forex traders.
FX5 MACD Divergence
The MACD FX5 Divergence Indicator is a new and popular forex indicator that runs on the MT4 platform. This is a free indicator that traders can use to identify potential trend reversals and momentum shifts. The indicator is based on the Moving Average Convergence-Divergence (MACD) indicator, which measures the distance between two moving averages. It analyzes the divergence between the MACD indicator and price action and then generates buy or sell signals. Use this indicator to better understand market trends and take advantage of potential profit opportunities.
Elliott Wave Oscillator
The Elliott Wave Oscillator (EWO) is a popular and useful Forex indicator available for the MT4 trading platform. It is a free indicator that helps traders identify the direction of a trend and its strength. The EWO is based on the Elliott Wave Theory, which states that prices move in waves, and the oscillator helps traders identify the current wave. It is a great tool for traders to identify when a trend is weakening and when it is gaining strength. It can also help traders identify potential reversal points in the market.
Chaikin Money Flow
The Chaikin Money Flow (CMF) Indicator is a useful tool for forex traders that tracks the flow of money into or out of an asset. This free MT4 indicator is popular among traders and helps to identify potential price movements. The CMF Indicator uses both price and volume data to determine the strength of the trend and the likelihood of a reversal. It can be used to confirm buy and sell signals and to identify overbought or oversold conditions. Overall, it is a helpful tool for traders looking to gain an edge in the forex market.
Currency Pairs Correlation
The Currency Pairs Correlation indicator is a free and popular tool for forex traders available on MT4 platform. It shows the correlation between various currency pairs, helping traders identify potential trading opportunities and manage their portfolio risk. The indicator calculates correlation coefficient between selected currency pairs and displays it as a color-coded matrix. The Currency Pairs Correlation indicator can be used by both novice and experienced traders to get a better understanding of market dynamics and make more informed trading decisions.
Volatility Quality Zero
The Volatility Quality Zero Line Indicator is a new, popular and free forex indicator available on MT4 that determines the volatility quality of a financial instrument by measuring the relationship between the average true range and the true range. It draws a zero line, which serves as a guide to determine the direction of the trend, and traders can enter or exit positions based on its crossing. The Volatility Quality Zero Line indicator is a useful powerful tool that will definitely take your trading experience to the next level.
Profit Indicator
The Profit Indicator is a powerful and useful tool for Forex traders. It is one of the most popular and free indicators available for the MT4 platform and can be used to maximize profits and minimize losses. The Profit Indicator provides traders with an easy to read graphical representation of their current trading position. It shows the current open trades, the current profit/loss of the position, and the current balance of the account. With its easy to use interface and powerful features, the Profit Indicator is a great tool for any Forex trader.
Reviews
There are no reviews yet.