The Commodity Channel Index (CCI) Multi-Time Frame (MTF) indicator is a useful and popular tool for Forex traders. It is a free indicator available for the MetaTrader 4 (MT4) platform. The CCI MTF indicator is designed to help traders identify the current trend direction and momentum of a currency pair. The CCI MTF indicator uses multiple time frames to identify the trend direction of a currency pair. It displays the trend direction of the currency pair on a single chart, allowing traders to easily identify the trend direction of the currency pair. The indicator also displays the momentum of the currency pair, which helps traders identify when the currency pair is likely to reverse its trend. The indicator is free to download and use on the MT4 platform, making it a popular choice among Forex traders.
MT4
Commodity Channel Index
The Commodity Channel Index MTF (CCI MTF) is a popular and free Forex indicator for the MetaTrader 4 (MT4) trading platform. The CCI MTF indicator works by analyzing the price trends of multiple timeframes and displaying the results in a single chart. It is a popular tool among Forex traders and can be used to identify potential entry and exit points in the market.
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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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The Commodity Channel Index (CCI) is a popular and useful Forex indicator used by many traders. It is a technical indicator that measures the momentum of price movements and helps to identify when a currency pair is overbought or oversold. It is easy to use and can help traders identify potential trading opportunities. The indicator is free to use on the MT4 trading platform and is one of the most popular indicators used by traders.
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