The RSI Smoothed MTF Alerts Lines is a useful forex indicator for MT4 that is popular among traders. It helps to identify overbought and oversold conditions in the market, providing signals for potential trade entries. This indicator is free to use and comes with alert notifications to keep you informed of trading opportunities. The smoothed lines make it easier to interpret RSI signals, leading to more accurate trading decisions. To use this indicator, simply add it to your MT4 platform and customize the settings to suit your trading style. Look for crossover signals between the RSI lines to confirm buy or sell opportunities. Combine this indicator with other technical analysis tools for a more comprehensive trading strategy. Overall, the RSI Smoothed MTF Alerts Lines is a valuable tool for forex traders looking to improve their trading performance.
MT4
Rsi Smoothed Alerts Lines
RSI Smoothed MTF Alerts Lines is a popular and useful forex indicator for MT4, which is available for free. This indicator smooths out the traditional RSI indicator, providing more accurate signals for traders. It also includes alerts and multiple time frame analysis, making it a valuable tool for forex traders looking to improve their trading strategies.
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Category: Signal
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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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