The QSI Lag Range Indicator is a popular and useful forex indicator designed for use on the MetaTrader 4 (MT4) platform. This free indicator helps traders identify potential trend reversals by measuring the range of price movements over a specified period. The way it works is by calculating the difference between the high and low prices of the previous bars and displaying this information in a clear and easy-to-read format. Traders can use this information to determine the strength of a trend and make informed trading decisions. To use the QSI Lag Range Indicator, simply download and install it on your MT4 platform, and then add it to your chart. You can customize the settings to suit your trading style and preferences. Overall, this indicator can be a valuable tool for forex traders looking to improve their trading strategies and achieve better results.
MT4
Qsi Lag Range
QSI Lag Range Indicator is a useful forex indicator for MT4 that is popular among traders. It is free to use and helps traders determine the lag range of their currency pairs. By understanding the lag range, traders can make more informed decisions on when to enter or exit trades. The indicator is easy to use and provides valuable insights into market movements.
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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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