The Double CCI with SMA Cross Arrows is a useful forex indicator that can be used on the popular MT4 platform. This indicator is free to use and is a favorite among traders for its effectiveness in identifying trend reversals. The indicator uses two Commodity Channel Index (CCI) indicators and a Simple Moving Average (SMA) to determine entry and exit points in the market. When the two CCI lines cross above the SMA, it generates a buy signal (green arrow), indicating a potential uptrend. Conversely, when the CCI lines cross below the SMA, a sell signal (red arrow) is generated, indicating a potential downtrend. Traders can use the Double CCI with SMA Cross Arrows to confirm market trends and make informed trading decisions. This indicator is easy to use and can be a valuable tool in a trader’s toolkit.
MT4
Double Cci With Sma Cross Arrows
Double CCI with SMA Cross Arrows is a popular and useful forex indicator for MT4. This free indicator utilizes two Commodity Channel Index (CCI) indicators and a Simple Moving Average (SMA) to signal potential trend reversals. Traders can use the arrows on the chart to identify entry and exit points based on the crossover of the CCIs and SMA.
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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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