The MT4 RSI Fan Multi Time Frame indicator is a popular and useful tool for forex traders. This free indicator is designed for the MetaTrader 4 platform and allows users to track RSI (Relative Strength Index) readings across multiple time frames. The indicator displays RSI values for different time frames in a fan-like chart, making it easy for traders to spot potential trend reversals or confirmations. Traders can use this information to make informed decisions about when to enter or exit trades. To use the MT4 RSI Fan Multi Time Frame indicator, simply add it to your MetaTrader 4 platform and choose the time frames you want to monitor. The indicator will then display RSI values for each time frame, helping you to make more accurate trading decisions in the forex market.
MT4
Rsi Fan
MT4 RSI Fan Multi Time Frame is a popular and useful forex indicator that is available for free. This indicator displays RSI values across multiple time frames, making it easier for traders to identify trends and potential entry points. Traders can use this indicator to confirm signals or analyze divergence between price and RSI.
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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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