The Laguerre RSI Alert Indicator is a highly useful and popular technical analysis tool for Forex traders. It is available for free on the MetaTrader 4 (MT4) platform and is used to identify potential entry and exit points in the market. The indicator uses the RSI (Relative Strength Index) to generate signals and alerts when the price is overbought or oversold. The Laguerre RSI Alert Indicator works by combining the Laguerre filter with the RSI indicator to create a more accurate and reliable signal. The Laguerre filter helps eliminate false signals and noise from the market, while the RSI indicator measures the momentum of the price. By combining the two, the indicator is able to more accurately identify potential entry and exit points. Overall, the Laguerre RSI Alert Indicator is a highly useful and popular tool for Forex traders. It is free to download on the MT4 platform and is easy to use.
MT4
Laguerre RSI Alert
The Laguerre RSI Alert Indicator is a popular and useful Forex indicator for MT4. It is a free indicator that can be used to identify overbought and oversold market conditions. The indicator utilizes the Laguerre RSI formula to generate buy and sell signals. It is a great tool for traders who want to take advantage of short-term market movements.
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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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