The Kaufman Efficiency Ratio Indicator is a popular and free Forex MT4 indicator that is useful for traders of all levels. It was developed by Perry Kaufman and is used to measure the efficiency of a market trend. The indicator calculates the ratio between the price range of a given period and the total range of the period. The higher the ratio, the more efficient the trend is. The Kaufman Efficiency Ratio Indicator is a great tool for traders to use in order to identify strong trends and potential reversals. The Kaufman Efficiency Ratio Indicator works by calculating the ratio of the price range of a given period and the total range of the period. The indicator is calculated as follows: (High – Low) / (High – Low + Close – Open). The higher the ratio, the more efficient the trend is. If the ratio is above 0.8, it is considered a strong trend. If the ratio is below 0.2, it is considered a weak trend. The Kaufman Efficiency Ratio Indicator is a popular and free Forex MT4 indicator that is useful for traders of all levels. It is a great tool for traders to use in order to identify strong trends and potential reversals.
MT4
Kaufman Efficiency Ratio
The Kaufman Efficiency Ratio Indicator is a powerful and popular free Forex indicator for MT4. The indicator works by calculating the ratio of the absolute price change of a security to its volatility over the same period. This ratio is then plotted on a chart along with the security’s price. The Kaufman Efficiency Ratio Indicator is a great tool for traders who want to get a better understanding of the market and make more informed trading decisions.
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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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