The R Point Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify potential entry and exit points in the Forex market. The indicator uses a combination of price action and technical analysis to identify potential price reversals. The indicator works by plotting a line on the chart which is based on the current support and resistance levels. When the line crosses the support or resistance levels, it is seen as an indication of a potential reversal in price. The indicator also provides an alert when the line crosses the support or resistance levels. The indicator is easy to use and can be used on any currency pair. It is especially useful for traders who are looking for potential entry and exit points in the market. The indicator can be used to identify potential areas of support and resistance, and traders can use this information to determine where to enter and exit their trades. It is easy to use and provides an alert when the line crosses the support or resistance levels. The indicator is a useful tool for traders who are looking for potential reversals in the market.
MT4
R Point Indicator
The R-Point Indicator is a popular and free Forex indicator for MT4 traders. The indicator works by plotting a line on the chart that shows the current R-Point. This is the point at which the current trend is likely to reverse. It is also useful for determining the overall direction of the market. The indicator is easy to use and can be used to gain an edge in the Forex market.
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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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