The RSI TC Indicator is a useful Forex tool that can be used to help traders identify potential trading opportunities. This free MT4 indicator is popular among traders as it provides an easy-to-understand visual representation of the Relative Strength Index (RSI). The indicator is based on a simple moving average and is designed to help traders identify the trend direction of a currency pair. The RSI TC Indicator is very easy to use. It can be added to any chart on the MT4 platform and is displayed as a line graph. The indicator will show the current RSI value for the currency pair you are trading. When the line is above 50, it indicates that the pair is in an uptrend. When the line is below 50, it indicates that the pair is in a downtrend. The indicator also displays the current overbought and oversold levels. Overall, the RSI TC Indicator is a useful and popular tool for traders. It can help traders identify potential trading opportunities and identify support and resistance levels. It is easy to use and can be added to any chart on the MT4 platform.
MT4
RSI TC Indicator
The RSI TC Indicator is a popular and free Forex indicator for the MT4 trading platform. This useful indicator is used to identify trend reversals and can be used in any timeframe. It can also be used to identify overbought and oversold conditions. This indicator is a great tool for traders who are looking for a reliable way to identify trend reversals.
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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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