The DEMA RSI Indicator is a useful and popular Forex indicator for MT4. It is a free indicator that helps traders to identify and follow price trends. The indicator works by combining two indicators, the Double Exponential Moving Average (DEMA) and the Relative Strength Index (RSI). The DEMA indicator is used to smooth out price movements and the RSI is used to identify overbought and oversold conditions. The DEMA RSI indicator is easy to use and understand. It is displayed as a line on the chart with values ranging from 0 to 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. Traders can use these signals to enter or exit the market. Overall, the DEMA RSI indicator is a useful and popular Forex indicator for MT4. It is free to use and easy to understand. It helps traders to identify support and resistance levels, as well as overbought and oversold conditions. With the help of this indicator, traders can make more informed trading decisions.
MT4
Dema RSI
The DEMA RSI Indicator is a popular and free Forex indicator for the MT4 trading platform. It works by combining the Exponential Moving Average (EMA) and Relative Strength Index (RSI) into one indicator. It can also be used to identify support and resistance levels. Overall, the DEMA RSI Indicator is a useful and popular tool for Forex traders.
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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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