The RSI MA Bands NMC 6 Lines Indicator is a useful and popular forex indicator for the MT4 platform. This free indicator uses a combination of 6 lines to identify trend reversals and potential entry and exit points. The RSI MA Bands NMC 6 Lines Indicator uses Relative Strength Index (RSI) to identify overbought and oversold levels, and Moving Averages (MA) to identify trends. The indicator is made up of 6 lines, each of which has a different purpose. The blue line is the main trend line and is used to identify the overall trend. The red line is the signal line and is used to identify potential entry and exit points. The green line is the support line and is used to identify potential support levels. The yellow line is the resistance line and is used to identify potential resistance levels. The white line is the midline and is used to identify potential breakouts. Finally, the black line is the range line and is used to identify potential range-bound markets. The indicator is easy to use and is a great tool for traders of all levels. It can be used to identify entry and exit points, support and resistance levels, and trend reversals.
MT4
Rsi Ma Bands Nmc 6 Lines
The RSI MA Bands NMC 6 Lines Indicator is a useful and popular free Forex indicator for the MT4 trading platform. The indicator plots six lines on the chart, including two Moving Averages, two Bollinger Bands and two Relative Strength Index lines. The indicator is easy to install and use, and it is a great addition to any trader’s toolkit.
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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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