The RSI Demarker Super Position Indicator is a useful and popular free Forex indicator for MT4 traders. This indicator is designed to help traders identify potential buying and selling opportunities within the Forex market. It works by combining two popular indicators (the Relative Strength Index and the DeMarker indicator) to help identify when a currency pair is overbought or oversold. The indicator also offers traders a visual representation of the current market trend, making it easier to spot potential entry and exit points. The RSI Demarker Super Position Indicator is easy to use and can be applied to any currency pair. To use the indicator, traders simply need to apply the indicator to their charts and look for potential entry and exit points. Traders can also adjust the settings of the indicator to suit their trading style. For example, traders can adjust the sensitivity of the indicator to make it more or less sensitive to market movements. With its combination of two popular indicators, it can help traders identify potential entry and exit points. Additionally, traders can adjust the settings of the indicator to suit their own trading style.
MT4
Rsi Demarker Super Position
The RSI Demarker Super Position Indicator is a useful tool for Forex traders who use the popular MetaTrader 4 platform. This free indicator is designed to provide traders with an easy to use visual representation of the Relative Strength Index (RSI) and DeMarker indicators combined. This allows traders to quickly identify the trend of the market and make 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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