The Force Index Indicator is a popular and useful Forex indicator for MT4. It is free to use and can be easily downloaded from the internet. This indicator is used to measure the power of a price movement, by combining the direction, extent and volume of the move. The Force Index is calculated by multiplying the current price change with the volume of the period. This indicator is most useful when used in conjunction with other indicators, as it provides an extra layer of insight into the market. It is especially useful when used to identify potential trend reversals. The Force Index Indicator can be used to identify when a trend is weakening, or when a trend reversal is likely to occur. This is done by looking for divergences between the indicator and the price action. A divergence occurs when the indicator moves in the opposite direction of the price action. This could be an indication that the current trend is weakening and that a reversal may be imminent. The Force Index Indicator is a popular and useful Forex indicator for MT4, and it is free to use. It can be used to identify potential trend reversals, overbought and oversold conditions, and to provide an extra layer of insight into the market.
MT4
Force Index
The Force Index Indicator is a popular and useful free Forex indicator for MT4. The Force Index Indicator is based on a combination of three indicators: price, volume, and the rate of change. It is calculated by multiplying the current day’s closing price by the volume of the current day and then subtracting the previous day’s closing price multiplied by the volume of the previous day. The Force Index Indicator is easy to use and is a popular choice among Forex traders, as it is free to use and is available on most MT4 trading platforms.
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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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