The TD REI (Time DeMarker Relative Extension Index) indicator is a useful forex indicator that is compatible with the popular MT4 trading platform. This indicator is widely used by forex traders to identify potential trend reversals and market turning points. The TD REI indicator is available for free, making it accessible to all levels of traders. The TD REI indicator works by calculating the relative extension of price movements over a specified time period. This information is then plotted on the chart, giving traders a visual representation of market momentum. Traders can use the TD REI indicator to confirm trend strength, identify overbought or oversold conditions, and make informed trading decisions. To use the TD REI indicator, simply add it to your MT4 chart and adjust the settings to suit your trading strategy. Keep an eye on the indicator’s signal lines and be prepared to act on potential trading opportunities.
MT4
Td Rei
TD REI Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator works by analyzing price action and trend movements to provide accurate buy and sell signals. Traders can use it to identify potential trade opportunities and manage their positions more effectively. Learn how to use this powerful tool to enhance your forex trading strategy.
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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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