The Kaufman Efficiency Ratio indicator for MT5 is a popular free Forex indicator used by traders to measure the efficiency of the market. The indicator is useful for traders as it helps to measure the performance of the market and the momentum of the price movement. The Kaufman Efficiency Ratio indicator is based on the Kaufman Adaptive Moving Average (KAMA). It uses the KAMA to measure the efficiency of the market by taking into account the volatility of the price movement. The indicator calculates the ratio of the current price to the KAMA and then compares it to the previous period. If the ratio is higher than the previous period, it indicates that the market is more efficient and the price is moving faster. If the ratio is lower than the previous period, it indicates that the market is less efficient and the price is moving slower. Overall, the Kaufman Efficiency Ratio indicator for MT5 is a popular and useful free Forex indicator for traders. It is easy to use and understand, and can help traders to identify potential entry and exit points in the market.
MT5
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Kaufman Efficiency Ratio
The Kaufman Efficiency Ratio Indicator (KFRE) for MT5 is a useful and popular free Forex indicator. The indicator works by calculating the difference between the highest and lowest prices during a given period and then dividing it by the price range during the same period. The result is then used to calculate the efficiency of the trading system. The higher the KFRE, the more efficient the trading system is. The KFRE indicator can be used to identify price trends and help traders make informed decisions when trading.
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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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