The Extra WPR Indicator is a free and popular Forex indicator for the MT4 platform. It is a useful tool for traders who want to measure the market’s momentum and to identify possible trend reversals. The Extra WPR Indicator is based on the Williams Percent Range (WPR) indicator, which is a momentum indicator that measures the market’s overbought and oversold levels. It does this by comparing the close price of the current period to the highest and lowest prices of the previous n-periods. The Extra WPR Indicator helps traders identify possible trend reversals by displaying the overbought and oversold levels on the chart. When the WPR indicator reaches either the overbought or oversold level, it signals that the market is likely to reverse direction. The indicator also displays the current trend direction and momentum strength, which can help traders identify potential trade entry and exit points. Overall, the Extra WPR Indicator is a useful and popular Forex indicator for the MT4 platform.
MT4
Extra WPR
The Extra WPR Forex Indicator is a useful tool for traders in the Forex market. The indicator is based on the William’s Percent Range (WPR) oscillator and is designed to help traders identify overbought and oversold market conditions. The indicator plots an oscillator line and two horizontal lines that represent overbought and oversold market conditions. When the oscillator line crosses the overbought or oversold lines, it can be a signal of a possible trend reversal. The Extra WPR Forex Indicator is a useful tool for traders in the Forex market and is a popular choice for the MT4 platform.
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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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