The RSI OBOS Arrows Alerts is a useful and popular free Forex indicator for MT4 that can be used to identify overbought and oversold levels in the market. The indicator uses the Relative Strength Index (RSI) to generate buy and sell signals. The signals are generated when the RSI crosses the overbought and oversold levels, which are set at 70 and 30 respectively. The indicator also displays arrows on the chart to indicate the direction of the trade. The RSI OBOS Arrows Alerts indicator is very easy to use. All you need to do is attach the indicator to your chart and set the overbought and oversold levels. Once the levels are set, the indicator will generate buy and sell signals whenever the RSI crosses the set levels. The indicator also displays arrows on the chart to indicate the direction of the trade.
RSI Obos Arrows Alerts
The RSI OBOS Arrows Alerts indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator works by analyzing the RSI levels and OBOS levels of a currency pair to identify potential entry and exit points. The indicator is easy to use and can be a valuable tool for traders looking to take advantage of market conditions.
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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.