The Simple RSI & MA Forex Indicator is a popular and free MT4 tool that is useful for traders of all levels. This indicator combines two classic technical analysis tools, the Relative Strength Index (RSI) and Moving Average (MA). The RSI is used to identify overbought and oversold market conditions, while the MA can be used to identify trend direction. The Simple RSI & MA indicator combines these two indicators to provide an easy-to-use and powerful trading tool. The Simple RSI & MA indicator is easy to install and use. It can be quickly added to an MT4 chart by dragging and dropping the indicator from the Navigator window. Once the indicator is installed, traders can customize the settings to suit their trading style. The indicator can be used to identify entry and exit points, as well as to identify overbought and oversold conditions. This makes it a powerful and useful tool for traders of all levels.
MT4
Simple Rsi Amp MA
This free Simple RSI & MA Forex Indicator is a useful tool for traders who use the MetaTrader 4 platform. This indicator combines the Relative Strength Index (RSI) and Moving Average (MA) indicators to provide a powerful tool for traders. The Simple RSI & MA indicator is a great tool for any trader looking to gain an edge in the Forex market.
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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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