The Volatility Ratio Indicator is a popular and free Forex indicator for the MetaTrader 4 (MT4) trading platform. It is a useful tool for traders to measure market volatility and identify potential trading opportunities. It is based on the idea that the higher the volatility of a market, the more likely it is to move in the direction of the current trend. The Volatility Ratio Indicator works by comparing the current price of a currency pair with its historical price range. It then calculates the ratio of the current price to the historical price range, which is then displayed on the chart. A high ratio indicates a high level of volatility, while a low ratio indicates a low level of volatility. This can help traders identify potential breakouts and reversals in the market. Overall, the Volatility Ratio Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is easy to use and can help traders identify potential trading opportunities in the market.
The Volatility Ratio Indicator is a popular and free Forex indicator for the MT4 trading platform. This indicator uses the Average True Range (ATR) and the Standard Deviation (SD) to determine the volatility of the market. The ATR is used to measure the volatility of the market while the SD is used to measure the range of price movements. The indicator then calculates the ratio between the two and displays it on the chart. By using this indicator, traders can make better decisions when it comes to entering and exiting trades. This indicator is a great tool for any trader looking to trade 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.