The RVI LSMA Version Indicator is a useful and popular tool for Forex traders that is available for free on the MT4 platform. This indicator is based on the Relative Vigor Index (RVI) and the Linear Regression Slope Moving Average (LSMA). The RVI LSMA Version Indicator is designed to identify the momentum of a currency pair, and to help traders determine entry and exit points for their trades. The RVI LSMA Version Indicator works by calculating the difference between the closing price and the Linear Regression Slope Moving Average, and then plotting the result on a chart. The indicator then plots a line that is either above or below the zero line. When the line is above the zero line, this indicates that the currency pair is in an uptrend. Conversely, when the line is below the zero line, this indicates that the currency pair is in a downtrend. It is designed to help traders identify the momentum of a currency pair and to identify potential entry and exit points for their trades.
MT4
RVI Lsma Version
The RVI LSMA Version Indicator is a popular and free forex indicator for MT4. The indicator works by using the Relative Vigor Index (RVI) and Linear Regression Slope Moving Average (LSMA) to generate signals. It is a useful tool for traders as it can help to identify potential trading opportunities.
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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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