The CCI Alternative v1 Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify potential trading opportunities in the Forex markets. The indicator works by measuring the divergence between the price and the moving average of the price over a given period of time. When the divergence is large, it indicates that the price is likely to move in the opposite direction of the moving average. This can be used to identify potential trading opportunities. The indicator also makes use of a number of other parameters such as the Relative Strength Index (RSI) and the Commodity Channel Index (CCI). These parameters are used to determine the strength of the trend and to help traders identify potential trading opportunities. The indicator also includes an alert system that can be used to notify traders when a trading opportunity arises. With its ability to help identify potential trading opportunities and its easy to use interface, the CCI Alternative v1 Indicator is a popular and useful Forex indicator for the MT4 trading platform.
MT4
CCI Alternative V1
The CCI Alternative V1 Forex Indicator is a useful and popular tool for MT4 traders. The CCI Alternative V1 indicator works by comparing the current price with the average price over a given period of time. With its user-friendly interface and easy-to-understand signals, the CCI Alternative V1 indicator is a great choice for traders of all levels.
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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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