The Laguerre RSI MTF (Multiple Time Frame) is a useful forex indicator that is highly popular among MT4 traders. This indicator is free to download and is designed to help traders identify potential trend reversals in the market. The Laguerre RSI MTF works by combining the Laguerre filter with the Relative Strength Index (RSI). This combination allows traders to filter out market noise and focus on significant price movements. The indicator provides clear buy and sell signals, making it easy for traders to make informed decisions. To use the Laguerre RSI MTF effectively, traders can look for divergence between price and the indicator, as well as oversold and overbought levels. Additionally, traders can use multiple time frames to confirm signals and increase the accuracy of their trades. Overall, the Laguerre RSI MTF is a powerful tool for forex traders looking to improve their trading strategies.
MT4
Laguerre Rsi
The Laguerre RSI MTF is a popular and useful forex indicator for MT4 that is available for free. It combines two indicators, Laguerre RSI and Laguerre filter, to provide more accurate signals for traders. This indicator works by measuring the strength of a trend and identifying overbought or oversold conditions. Traders can use it to make informed trading decisions based on these signals.
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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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