The Wajdyss RSI OLHC indicator is a useful tool for forex traders using the MT4 platform. It is a popular and free indicator that helps traders to analyze price movements based on the Relative Strength Index (RSI) and open, low, high, and close (OLHC) data. The indicator works by combining RSI with OLHC data to provide insights into market trends and potential reversal points. Traders can use this information to make informed trading decisions and improve their overall profitability. To use the Wajdyss RSI OLHC indicator, simply add it to your MT4 chart and adjust the settings according to your trading strategy. It is easy to customize and can be applied to various timeframes for better accuracy. Overall, this indicator is a valuable tool for forex traders looking to enhance their trading performance.
MT4
Wajdyss Rsi OLHC
Wajdyss RSI OIHC Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator utilizes the RSI (Relative Strength Index) in combination with open, low, high, and close prices to provide trading signals. Traders can use this indicator to identify overbought and oversold conditions in the market, helping them make informed trading decisions.
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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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