The Swami Rapid RSI forex indicator is a useful tool for traders who want to quickly analyze and trade the market. This free MT4 indicator is popular among traders due to its easy-to-use interface and ability to quickly identify trading opportunities. The indicator uses Relative Strength Index (RSI) to measure the momentum of the market and identify trend reversals. It is designed to quickly identify overbought and oversold conditions in the market and provide traders with an opportunity to enter or exit the market. The indicator consists of two lines, the RSI line and the signal line. The RSI line is used to measure the momentum of the market and identify trend reversals. When the RSI line crosses the signal line, it indicates a possible trend reversal. The indicator also has two colors, green and red, which indicate a bullish or bearish trend respectively. When the RSI line crosses the signal line and the color turns green, it indicates a bullish trend and when the RSI line crosses the signal line and the color turns red, it indicates a bearish trend.
MT4
Swami Rapid RSI
The Swami Rapid RSI forex indicator is a powerful and popular free MT4 indicator that is useful for any trader. The indicator works by analyzing the price action and calculating the RSI values for each period. The Swami Rapid RSI indicator is free and can be easily downloaded and installed on any MT4 platform.
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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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