Rahul Mohindar Oscillator (RMO) indicator is a popular and useful free forex indicator for MT5 trading platform. It was developed by well-known trader and technical analyst, Mr. Rahul Mohindar. The RMO indicator is used to identify the direction and strength of the trend, determine the overbought and oversold levels, and generate buy and sell signals. The RMO indicator is composed of two lines that oscillate above and below a zero line. The main line, or RMO line, is a smoothed version of the price, and the signal line is a nine-period exponential moving average of the main line. When the RMO line crosses the signal line from below, it generates a buy signal, and when it crosses the signal line from above, it generates a sell signal. The RMO indicator is also useful for determining the overbought and oversold levels. When the RMO line is above the zero line, it indicates that the market is overbought, and when the RMO line is below the zero line, it indicates that the market is oversold. This helps traders identify potential entry and exit points. Overall, the Rahul Mohindar Oscillator (RMO) indicator is a popular and useful free forex indicator for MT5 trading platform. It can be used to identify the direction and strength of the trend, determine the overbought and oversold levels, and generate buy and sell signals.
MT5
Rahul Mohindar Oscillator
The Rahul Mohindar Oscillator Indicator MT5 is a popular and free forex indicator that is useful for traders in the foreign exchange market. It works by analyzing the underlying price action of a currency pair and providing a visual representation of the market trend. The indicator is popular among both beginner and experienced traders, as it provides a reliable way to identify market trends.
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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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