The StochR Super Position Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator is designed to help traders identify and take advantage of profitable trading opportunities in the Forex market. The StochR Super Position Indicator is based on the Stochastic Relative Strength Index, which is a momentum oscillator that measures the speed and strength of price movements. The indicator is designed to identify overbought and oversold conditions, as well as trend reversals. The StochR Super Position Indicator is easy to use and understand. It displays a histogram on the chart, which is composed of two lines. The green line indicates the current trend, while the red line indicates the overbought and oversold levels. When the green line is above the red line, it indicates that the market is in a bullish trend. Conversely, when the green line is below the red line, it indicates that the market is in a bearish trend. Overall, the StochR Super Position Indicator is a great tool for Forex traders who are looking for an easy and effective way to identify profitable trading opportunities. With its intuitive interface and built-in alert system, the StochR Super Position Indicator is an invaluable tool for any Forex trader.
MT4
Stochr Super Position
The StochR Super Position Indicator is a free and popular MT4 Forex indicator that is useful for traders of all levels. It provides traders with an easy to read visual representation of the current market conditions, allowing traders to quickly and easily identify potential trading opportunities. This indicator is easy to understand and use, and can be a great tool for traders looking to get a better understanding of the current market conditions.
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Category: Stochastic
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Description
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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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