The Raff Channel Indicator is a useful and popular free Forex indicator available for the MT4 platform. It is used to identify potential support and resistance levels, as well as to identify trend reversals. The indicator works by plotting two parallel lines above and below the price action. The lines are calculated by taking the highest high and lowest low of the last n periods, and then adding and subtracting a multiple of the Average True Range (ATR). The Raff Channel Indicator can be used in various ways to identify potential trading opportunities. It can be used to identify potential support and resistance levels, as well as to identify trend reversals. It is also useful for identifying overbought and oversold conditions. The indicator can be used to identify potential entry and exit points for trades. The Raff Channel Indicator is easy to use and can be used by traders of all levels.
Raff Channel
The Raff Channel Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify and take advantage of trends in the market. The indicator works by plotting two parallel lines on a chart, one above the other. These lines represent the upper and lower boundaries of the current price trend. The Raff Channel Indicator is easy to set up and use, making it a popular choice 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.
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