The Force Custom RSI Indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator is designed to help traders identify overbought and oversold conditions in the market, making it easier to time entry and exit points. The indicator works by measuring the relative strength index (RSI) of a currency pair and then customizing the calculations based on the user’s preferences. Traders can adjust the period length, the levels for overbought and oversold conditions, and other parameters to suit their trading strategy. To use the Force Custom RSI Indicator, simply add it to your MT4 platform and adjust the settings to your liking. When the indicator shows that a currency pair is overbought or oversold, traders can use this information to make more informed trading decisions.
MT4
Forece Custom RSI
The Force Custom RSI Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator measures the strength of a currency’s price movement based on the Relative Strength Index (RSI). Traders can use it to identify overbought or oversold conditions and make informed trading decisions. By analyzing RSI levels, traders can anticipate potential market reversals.
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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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