The ROC Separate Indicator is a useful and popular free Forex tool for MT4 trading platforms. It is designed to help traders identify the direction of a trend and the strength of the market, allowing them to make more informed trading decisions. The ROC Separate Indicator works by measuring the rate of change in prices over a given period of time. It displays two lines, one representing the short-term rate of change and the other representing the long-term rate of change. When the short-term line is above the long-term line, it indicates that the market is in an uptrend. Conversely, when the short-term line is below the long-term line, it indicates that the market is in a downtrend. The strength of the trend is determined by the distance between the two lines. To use the ROC Separate Indicator, traders simply need to add it to their MT4 chart. They can then configure the indicator settings to suit their trading style and preferences. Traders can also use the indicator to identify potential entry and exit points for their trades. It is free to download and use, making it a popular choice for traders of all levels of experience.
MT4
ROC Separate
The ROC Separate Indicator is a useful and popular free Forex indicator for MT4. The ROC Separate Indicator is based on the momentum of the currency pair and can be used to measure the strength of the trend. It is a powerful tool for traders to determine whether a currency pair is in an uptrend or downtrend. This indicator can be used to identify potential entry and exit points and to help traders make more informed 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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