The RSI Crossing 50 Plus ATR forex indicator is a useful and popular tool for traders on the MT4 platform. This free indicator is designed to help traders identify overbought and oversold conditions in the forex market. The RSI Crossing 50 Plus ATR indicator works by combining two popular technical analysis indicators, the Relative Strength Index (RSI) and the Average True Range (ATR). The RSI is used to identify whether a currency pair is overbought or oversold, while the ATR is used to measure the volatility of a currency pair. When the RSI crosses above the 50 level, the indicator signals an oversold condition, and when the RSI crosses below the 50 level, the indicator signals an overbought condition. The ATR is then used to measure the volatility of the currency pair, and when the ATR is high, the indicator signals that the market is more volatile and that the RSI signals should be taken with more caution. This free indicator is a great tool for traders to use when looking for potential trading opportunities in the forex market. It can be used to identify overbought and oversold conditions and to measure the volatility of a currency pair. With the help of the RSI Crossing 50 Plus ATR indicator, traders can get a better understanding of the market and make better trading decisions.
MT4
RSI Crossing 50 Plus ATR
This free Forex indicator is a useful tool for traders to identify entry and exit points in the Forex market. It is a popular indicator among traders, as it is available for the MT4 platform and is free to download. The RSI Crossing 50 Plus ATR indicator works by combining the Relative Strength Index (RSI) and Average True Range (ATR) indicators. This makes it a useful tool for traders to make informed decisions in the Forex market.
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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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