The RSI Strike AM Indicator is a useful forex indicator designed for the MT4 platform. This popular indicator is widely used by traders to identify overbought and oversold conditions in the market. The RSI Strike AM Indicator is free to download and easy to use, making it a valuable tool for both beginner and experienced traders. When using the RSI Strike AM Indicator, traders can look for entry and exit points based on the signal line crossing above or below the 50 level. Additionally, the RSI Strike AM Indicator can help traders identify potential trend reversals, as well as confirm the strength of an existing trend. By incorporating the RSI Strike AM Indicator into their trading strategy, traders can make more informed decisions and potentially increase their profitability in the forex market.
MT4
RSI Strike AM
RSI Strike AM Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator uses the Relative Strength Index (RSI) to signal potential trend reversals and entry/exit points in the market. By analyzing overbought and oversold conditions, traders can use this indicator to make informed trading decisions.
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Category: Stochastic
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Description
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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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