The WPRSI Signal Indicator is a popular and useful forex indicator designed for use in the MT4 platform. This indicator is widely used by traders to identify overbought or oversold conditions in the market, helping them make more informed trading decisions. The WPRSI Signal Indicator works by combining two powerful technical indicators – the Williams %R (WPR) and the Relative Strength Index (RSI). By analyzing the levels and crossovers of these two indicators, the WPRSI Signal Indicator generates buy and sell signals that can help traders anticipate market reversals and trends. To use the WPRSI Signal Indicator, simply add it to your MT4 chart and follow the buy and sell signals it generates. This indicator is free to download and easy to use, making it a valuable tool for both beginner and experienced forex traders.
MT4
Wprsi Signal
WPRSI Signal Indicator is a popular and useful free Forex indicator for MT4. It combines the Williams Percent Range (WPR) and Relative Strength Index (RSI) indicators to provide accurate trading signals. Traders can use this indicator to identify overbought or oversold conditions in the market, aiding them in making 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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