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Home Collection Stochastic Rsi Candles Smoothed
Harmonic Pattern Finder V3
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MT5
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Rsi Candles Smoothed

RSI Candles Smoothed indicator for MT5 is a useful tool for forex traders. This popular and free indicator smooths out the traditional RSI indicator using candlestick patterns. It helps traders identify potential trend reversals and overbought/oversold conditions. To use, simply add it to your MT5 chart and look for changes in color to make informed trading decisions.

Indicator Type

Entry Exit

Trading Style

Day Trading

,

Intraday

Timeframe

M15-M30

Platform

MT5

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Description

The RSI Candles Smoothed Indicator MT5 is a useful tool for forex traders looking to analyze market trends and make informed trading decisions. This popular indicator is available for free on the MT5 platform, making it easily accessible to a wide range of traders. This indicator works by smoothing the traditional RSI (Relative Strength Index) indicator with candlestick patterns, providing a clearer picture of market momentum and potential reversal points. Traders can use this indicator to identify overbought and oversold conditions in the market, as well as potential trend changes. To use the RSI Candles Smoothed Indicator MT5, simply install it on your MT5 platform and apply it to your desired chart. You can customize the indicator settings to suit your trading style and preferences. Keep an eye on the RSI levels and candlestick patterns for potential trading opportunities.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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