The Logarithmic Rate of Return Indicator is a useful and popular free Forex indicator for MT4. It is designed to measure the rate of return on a given investment over a period of time. The Logarithmic Rate of Return Indicator uses a logarithmic scale to calculate the return rate so that the indicator is more accurate and reliable. The indicator is easy to use and can be applied to any time frame. The Logarithmic Rate of Return Indicator is based on a logarithmic scale which allows it to measure the rate of return more accurately and reliably. The indicator uses a formula to calculate the rate of return which takes into account the starting and ending values of the investment. The rate of return is then displayed on the chart in a graphical format. The indicator can be used to identify potential opportunities for investment and to monitor the performance of an existing investment.
MT4
Logarithmic Rate Return
The Logarithmic Rate of Return Indicator for MT4 is a popular and free Forex indicator that is useful for traders of all levels. The indicator works by taking the logarithmic of the rate of return in order to smooth out the data and make it easier to read. With this indicator, traders can easily identify potential opportunities in the market and make informed decisions.
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Categories: Signal, Stochastic
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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.
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