The Ravi Indicator is a useful and popular free Forex indicator for MT4. It is a technical analysis tool that helps traders and investors identify and analyze trends in the Forex market. It uses a combination of trend-following indicators and oscillators to identify potential entry and exit points. The Ravi Indicator is easy to use and understand. It uses a combination of two indicators to identify a trend. The first indicator is the Moving Average Convergence Divergence (MACD), which is used to identify the direction of the trend. The second indicator is the Relative Strength Index (RSI), which is used to measure the strength of the trend. The Ravi Indicator also uses a set of rules to determine when to enter and exit a trade. The Ravi Indicator is designed to be used in conjunction with other technical analysis tools. It can be used to identify potential entry and exit points, as well as to confirm the strength of a trend. It is also useful for identifying potential support and resistance levels. It is a great tool for identifying potential entry and exit points, as well as for confirming the strength of a trend. It is a useful tool for any Forex trader or investor.
The Ravi Forex Indicator is a free and popular MT4 indicator that is useful for traders of all levels. The indicator uses a combination of technical analysis methods such as trend analysis, support and resistance analysis, and overbought/oversold analysis to help traders identify the best entry and exit points for their trades. It also provides a range of visual cues and alerts to help traders stay on top of the market. With its intuitive interface and easy-to-use features, the Ravi Forex Indicator is a great tool for traders who want to maximize their profits.
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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.