The TSI Indicator is a popular and free Forex indicator that is used by traders to make informed decisions when trading on the Forex market. The TSI Indicator is a useful tool for traders as it helps to identify trends in the market, as well as potential trading opportunities. The indicator works by combining price and volume data to give traders an indication of market momentum. It uses a combination of moving averages and oscillators to provide traders with an indication of the trend direction and potential entry points. The TSI Indicator is easy to use and is available for free on the MetaTrader 4 (MT4) trading platform. It can be used to identify short-term and long-term trends in the market, as well as potential entry points. The indicator is also useful for identifying overbought and oversold conditions in the market. Traders can use the TSI Indicator to determine when to enter or exit a trade by looking for divergences between price and the indicator. The indicator is also useful for identifying overbought and oversold conditions in the market. Traders can use the TSI Indicator to determine when to enter or exit a trade by looking for divergences between price and the indicator.
The TSI Indicator is a popular and free Forex indicator for MT4 trading platforms. It is a useful tool for traders who want to identify trends and potential trading opportunities in the Forex market. The TSI Indicator helps traders identify trends by combining the momentum and trend of price action. It is composed of two oscillators, one for measuring the trend and one for measuring the momentum. The TSI Indicator is a great tool for traders who are looking to identify trends and potential trading opportunities in the Forex market.
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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.