The Demarker RSI Super Position Indicator is a useful and popular free Forex indicator for MT4. It is a great tool for traders to use to identify potential market entry and exit points. The indicator is based on the Relative Strength Index (RSI) and the DeMarker (DeM) oscillator. It uses the RSI and DeM to calculate the price momentum of the asset and determine the trend direction. The indicator also takes into account the volatility of the market to help traders identify potential market entry and exit points. The Demarker RSI Super Position Indicator works by calculating the difference between the RSI and DeM values. When the RSI is higher than the DeM, it indicates a bullish trend, and when the RSI is lower than the DeM, it indicates a bearish trend. The indicator also provides traders with buy and sell signals. When the RSI is higher than the DeM, it provides a buy signal, and when the RSI is lower than the DeM, it provides a sell signal. The indicator is also popular among forex traders as it is reliable and accurate.
MT4
Demarker Rsi Super Position
The DeMarker RSI Super Position Indicator is a useful tool for Forex traders that can be used to identify potential market reversals. It works by combining the Relative Strength Index (RSI) and DeMarker indicators into one powerful indicator. The DeMarker RSI Super Position Indicator is a powerful tool for Forex traders that can help them make profitable trading decisions.
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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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