The Vinini WPR Oscillator Indicator is a useful and popular free Forex trading indicator for MetaTrader 4 (MT4). It is used to identify short-term trend reversals by combining the Williams Percent Range (WPR) and the Relative Strength Index (RSI). The Vinini WPR Oscillator is a momentum indicator that measures the speed of price changes. It is based on the WPR, which is a momentum oscillator that measures the level of overbought and oversold conditions in the market. The RSI is then used to confirm the WPR signals. The indicator plots two lines: a blue line for the WPR and a red line for the RSI. When the blue line crosses the red line, it indicates a potential reversal in the trend. Overall, the Vinini WPR Oscillator is a useful and popular free Forex trading indicator for MT4.
MT4
Vinini WPR Oscillator
The Vinini WPR Oscillator Indicator is a useful Forex indicator that is popular amongst traders. It is based on the Williams Percent Range (WPR) indicator which is calculated by subtracting the lowest low from the highest high over a specific period. The Vinini WPR Oscillator Indicator is designed to help traders identify potential entry and exit points in the market. It works by plotting a line that oscillates between 0 and -100. The Vinini WPR Oscillator Indicator is a great tool for traders who are looking to identify potential entry and exit points 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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