The BS RSI Forex Indicator for MT4 is a popular and useful tool for traders. It can be used to help identify potential trading opportunities in the Forex market. The indicator is free to use and provides traders with an easy way to identify potential trading opportunities. The BS RSI indicator is an oscillator that measures the strength of the price movements. It compares the current price to the previous price and then calculates the strength of the movement. The indicator then displays a line that oscillates between 0 and 100. When the line is above 70, it indicates that the market is overbought and when it is below 30, it indicates that the market is oversold. The indicator is easy to use and can be applied to any time frame. It is also helpful for identifying potential entry and exit points. Traders can use the indicator to determine when to enter a trade and when to exit. It can also be used to identify potential support and resistance levels. Traders can use the indicator to determine when to enter a trade and when to exit. It can also be used to identify potential support and resistance levels.
MT4
BS RSI Indicator
The BS RSI Indicator for MT4 is a popular and free Forex indicator that is useful for traders of all levels. The indicator displays a histogram, which is a visual representation of the RSI values. It is free to download and can be used with any MT4 trading platform.
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Category: Stochastic
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Description
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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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