The RSIOMA PRP MTF Alert Indicator is a useful and popular Forex indicator for the MT4 platform. It is a free indicator that provides traders with signals for potential entries and exits. It uses a combination of two Relative Strength Index (RSI) oscillators to generate signals. The first RSI oscillator is used to measure the momentum of the market, while the second one is used to measure the strength of the trend. The indicator then plots the signals on the chart, with arrows indicating potential entry and exit points. The RSIOMA PRP MTF Alert Indicator can be used to identify overbought and oversold conditions, as well as trend reversals. It can also be used to spot potential breakout opportunities. The indicator provides traders with signals for both long and short positions. It also has a multi-timeframe feature, allowing traders to monitor multiple timeframes simultaneously. The indicator is available for free, making it a popular choice among Forex traders.
MT4
Rsioma PRP Alert
The RSIOMA PRP MTF Alert Indicator is a free Forex indicator for the popular MT4 platform. This indicator combines two of the most popular indicators, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), to generate buy and sell signals. It is a popular choice among Forex traders and is available for free on the MT4 platform.
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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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