The TSI Custom Line Indicator is a popular and useful forex indicator designed for the MetaTrader 4 platform. This free indicator helps traders analyze market trends and make informed trading decisions. The Indicator works by measuring price momentum and smoothing out fluctuations in the market to provide a more accurate representation of the trend. It uses two main components – the TSI line and a custom signal line – to generate buy and sell signals. To use the TSI Custom Line Indicator, simply install it on your MT4 platform and add it to your chart. Look for crossovers between the TSI line and the signal line to identify potential entry and exit points. This indicator is a valuable tool for both beginner and experienced traders looking to improve their forex trading strategy.
MT4
Tsi Custom Line
TSI Custom Line Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator calculates the True Strength Index and displays it as a custom line on the chart. Traders can use this indicator to identify overbought or oversold conditions in the market and make more informed trading decisions.
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Category: Trend
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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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