The WPR X MA LC Indicator is a useful and popular free forex indicator for the MetaTrader 4 (MT4) platform. The indicator is designed to help traders identify trend reversals and possible entry points. It combines the Williams Percent Range (WPR) indicator with a Moving Average (MA) line. The WPR X MA LC Indicator works by combining the WPR indicator with the MA line to identify potential trend reversals. The WPR indicator measures the momentum of a currency pair and is calculated by comparing the closing price of the current period to the highest and lowest prices of the previous period. The MA line helps to identify trend reversals by smoothing out short-term price fluctuations and providing a clearer picture of the overall trend. The WPR X MA LC Indicator is easy to use and can be added to any MT4 chart. Once added, traders can customize the indicator settings to suit their trading style and strategy. The indicator displays a line which is the average of the WPR and MA lines. When the WPR line crosses above the MA line, it is a signal of a possible trend reversal to the upside. Conversely, when the WPR line crosses below the MA line, it is a signal of a possible trend reversal to the downside. Traders can use this information to identify entry and exit points.
MT4
WPR X Ma Lc
The WPR X MA LC indicator is a useful Forex indicator for the MT4 platform. It is a popular indicator among traders due to its ability to easily identify potential entry and exit points. This free indicator is designed to help traders identify overbought and oversold conditions in the market, allowing them to make informed trading decisions. This indicator is a great tool for any trader looking to identify potential entry and exit points in the 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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