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.
Indicator Type | |
---|---|
Trading Style | |
Timeframe | , |
Platform |
0
People watching this product now!
Category: Signal
Downloads - 19
Description
Reviews (0)
Be the first to review “RSI Crossing 50 Plus ATR” Cancel reply
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.
Related products
Keltner Channel With Signals
The Keltner Channel with Signals Indicator is a popular and free forex indicator that runs on the MT4 platform. This is a new and innovative tool that uses the Keltner Channel as the basis for generating trading signals, helping traders identify potential trading opportunities. Use the Keltner Channel with Signals Indicator as a powerful tool that can help traders succeed in the forex market.
Schaff Trend Cycle
The Schaff Trend Cycle indicator is a popular forex indicator for MT4, which determines market trends with high accuracy. Its values range from 0 to 100, with values above 75 indicating overbought and values below 25 indicating oversold. Whether you are a beginner or an experienced trader, the Schaff Trend Cycle indicator will help you make better trading decisions and improve profitability.
RSI Divergence
Enhance trading precision with the RSI Divergence indicator. Overcome signal challenges by leveraging divergence signals, which is vital for identifying potential market reversals. Customize settings, draw trendlines, and receive alerts for good trading decisions. Explore the power of the RSI Divergence indicator in assessing market conditions.
Darvas Boxes nmc
The Darvas Boxes NMC Indicator is a nice and free Forex trading tool available for MT4 platforms. It is based on the Darvas box trading method, which involves identifying trends through the creation of boxes on a price chart. The indicator helps traders visualize key support and resistance levels and potential trend reversals. The Darvas Boxes NMC Indicator provides clear buy and sell signals through color changes and arrows, allowing traders to make informed trading decisions. Its user-friendly interface and customizable settings make it suitable for both novice and experienced traders.
PZ ABCD Retracement
The PZ ABCD Retracement Indicator is a popular and free forex indicator for MT4 that helps traders identify potential trading opportunities by identifying the AB=CD harmonic pattern. The indicator automatically plots Fibonacci retracement levels to help traders identify entry and exit points. It works by scanning the market for the AB=CD pattern and drawing the necessary lines and levels. It can be used by both a novice and an experienced trader, making it a versatile tool for traders who want to improve their trading results.
Reviews
There are no reviews yet.