The Blau TSI indicator for MT5 is a popular and useful tool for forex traders. This free indicator is designed to help users identify trend changes and potential entry/exit points in the market. The Time Series Forecast component of the indicator measures the momentum of the market, while the Smoothed True Range component helps smooth out price fluctuations. To use the Blau TSI indicator, simply add it to your MT5 chart and adjust the parameters to suit your trading style. When the TSI line crosses above the signal line, it is a bullish signal, indicating a potential uptrend. Conversely, when the TSI line crosses below the signal line, it is a bearish signal, indicating a potential downtrend. Overall, the Blau TSI indicator can be a valuable tool for forex traders looking to stay ahead of market trends and make more informed trading decisions.
MT5
Blau TSI
Blau TSI Indicator for MT5 is a popular and useful forex indicator. It is free to use and can help traders identify trend direction and potential entry and exit points. The indicator calculates the trend strength and direction based on the difference between two smoothing averages. Traders can use it alongside other technical analysis tools to make informed trading decisions.
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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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