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Home Collection Signal RSI MACD MA RON
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RSI MACD MA RON

The RSI MACD MA RON indicator for MT4 provides in-depth market analysis and trend direction. It is a popular choice among Forex traders, as it provides a comprehensive view of the market and can help traders make more informed decisions.

Indicator Type

Accurate

Timeframe

H1-H4

,

M15-M30

Platform

MT4

Trading Style

Intraday

,

Swing

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  • Description
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Description

The RSI MACD MA RON is a MetaTrader 4 (MT4) Indicator that provides an accurate trend analysis of the market. It combines the signals of three technical indicators to determine the probable direction of the market.

Features of the RSI MACD MA RON Indicator for MT4

The indicator uses a synergy of the RSI, MACD, and the moving averages of different periods to provide an in-depth analysis of the market. The RSI measures the speed and changes in price movement to identify overbought/oversold zones for potential trend reversal signals. On the other hand, the MACD helps identify the changes in the strength, direction, and momentum of a trend, while the moving averages smoothest out the price data to determine the overall direction of the market.

Therefore, the indicator displays the trend direction of the market when the RSI, MACD, and moving averages align. The trend direction is portrayed using moving averages and signal arrows that point upward or downward. So, a bullish trend is when the price is above the moving averages and the signal arrows point upward. Conversely, a trend is bearish if the price is below the moving averages and the signal arrows point downward.

Benefits of Using the Indicator

  • Inept Market Analysis: The synergy of the RSI, MACD, and moving averages enables the indicator to provide a holistic trend analysis of the market, which helps traders make better trading decisions.
  • Trading Confluence: The indicator can be used as a supporting tool with price action or other technical indicators to enhance trading accuracy.

Indicator Settings Description

The indicator comes with the following customizable settings:

MovingAvg1: Determines the period of the first moving average.

MovingAvg2: Determines the period of the second moving average.

RSIPeriod: Determines the period of the RSI.

MACDfast: Determines the period of the fast MACD line.

MACDslow: Determines the period of the slow MACD line.

MACDsignal: Determines the period of the MACD signal line.

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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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