The RSI FWA Indicator is a free and popular Forex indicator for the MT4 trading platform. It is designed to provide traders with a useful and reliable tool for analyzing the market conditions. The indicator is based on the Relative Strength Index (RSI) and is designed to identify areas of potential overbought and oversold conditions. The indicator also provides traders with the ability to identify potential entry and exit points. The RSI FWA Indicator works by calculating the RSI of the currency pair and then plotting the results on the chart. The indicator is designed to identify areas of potential overbought or oversold conditions. When the RSI is above 70, it indicates that the currency pair is overbought and when it is below 30, it indicates that the currency pair is oversold. The indicator then plots the RSI values on the chart and helps traders identify potential entry and exit points. The indicator is free to download and can be used on any MT4 platform.
MT4
RSI FWA Indicator
The RSI FWA Indicator is a useful and popular free Forex indicator for MT4, which is based on the Relative Strength Index (RSI) and uses a unique algorithm to identify overbought and oversold market conditions. The indicator is designed to measure the strength of a trend and the momentum of price movements. The indicator is easy to use and provides traders with a lot of valuable information about the 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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