The ROC Multi-Currency Indicator is a popular and free Forex indicator for MT4. It is a useful tool for traders of all levels, as it allows them to analyze the strength of currencies relative to each other. The indicator is based on the Rate of Change (ROC) of the currency pairs, which is calculated by taking the current price of the pair and subtracting the price from a certain lookback period. This indicator is useful in identifying potential trend reversals and breakouts. It can also be used to identify overbought and oversold conditions. The indicator is easy to use and can be added to any chart in MT4. It is also customizable, allowing traders to adjust the lookback period, as well as the colors and width of the lines. The indicator also provides an alert when the ROC crosses a certain threshold, allowing traders to quickly identify potential trading opportunities. The indicator can be used on any time frame, making it suitable for both short-term and long-term traders. Overall, the ROC Multi-Currency Indicator is a useful and popular free Forex indicator for MT4.
Roc Multi Currency
The ROC Multi-Currency Indicator is a useful and popular Forex indicator for MetaTrader 4 (MT4) that helps traders identify when the market is overbought or oversold. The ROC Multi-Currency Indicator is a line-based indicator that compares the current price of a currency pair to its past price. When the current price is higher than the past price, the indicator will display a green line, and when the current price is lower than the past price, the indicator will display a red line. The indicator is easy to use and can be used by both experienced and novice traders.
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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.