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Xardg RSI Oma

Are looking for forex trend trading buy and sell signals? XARDG RSIOMA MT4 Indicator applies Moving average on the RSI to provide trend direction. Download now to improve your trading results.

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Description

The XARDG RSIOMA MT4 indicator is a RSI and MA based indicator that provides forex trading buy and sell signals. It uses the classic RSI – Relative strength index indicator and it’s MA – Moving average to identify the best entry and exit points.

Features of XARDG RSIOMA MT4 Indicator

The indicator plots the RSI and a moving average of the RSI in a separate indicator window. At the lower end of the indicator window forex technical traders can find the green and red dots. These dots act as entry and exit signals. Additionally, the indicator plots vertical dotted lines on the price chart corresponding to the dot signals. Furthermore, it plots a magenta and green panel to indicate the bullish and bearish trend within the indicator window.

The trading strategy is to enter and exit the market based on the dots. However, forex traders should confirm the buy or sell dot trading signals with the filter. The filter displays the trend as “Waiting” in a sideways market, “Buys only” in a bullish market and “Sells only” in a bearish market.

Benefits of XARDG RSIOMA MT4 Indicator

The indicator provides the trend direction as sells only or buys only. So, forex traders can apply additional technical analysis and focus only on one direction. Furthermore, this enables traders to ignore any trading signal against the current trend and helps stay in the trend.

The visible dot and chart lines together with the trend filter works on all chart time frames and are suitable for new and advanced forex traders. So, it is beneficial to scalping, short and long-term trading strategies.

Indicator Settings Description

BuyTriggerColor:, SellTriggerColor:, MainTrendLongColor:, MainTrendShortColor:, marsiomaXupSigColor:, marsiomaXdnSigColor: RSI color settings.

LinesColorForUp:, LinesColorForDown: RSIOMA line settings.

CurrentTF_0:, Timeframe: Input for time frame.

showBOXtext: Enables text.

PanelBorderWidth:, PanelBorderColor: Width and color settings.

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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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