The Best Kaufman Indicator is a useful and popular free Forex indicator for MT4. Developed by legendary trader and author Perry Kaufman, this indicator is designed to help traders identify the best entry and exit points for their trades. The Best Kaufman Indicator works by combining two different indicators, the Kaufman Adaptive Moving Average (KAMA) and the Relative Strength Index (RSI). The KAMA is a trend-following indicator that adjusts its sensitivity to the market, while the RSI is an oscillator that measures the speed and change of price movements. The Best Kaufman Indicator combines these two indicators to identify the best entry and exit points for trades. The KAMA shows traders the direction of the trend, while the RSI helps traders identify entry and exit points. When the KAMA is rising, it indicates that the trend is up, and when the RSI is overbought, it indicates that the trend is likely to reverse. By combining these two indicators, the Best Kaufman Indicator can help traders identify the best entry and exit points for their trades. Overall, the Best Kaufman Indicator is a useful and popular free Forex indicator for MT4.
The Best Kaufman Indicator is a useful and popular free Forex indicator for MT4 trading platforms. The Best Kaufman Indicator is designed to identify the trend direction and strength of a currency pair. It uses a combination of price and volume to determine the trend and strength of a currency pair. The indicator also provides signals when the trend is reversing or when a new trend is forming. It is also free to download and use, making it a great tool for traders of all levels.
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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.