The Blau Ergodic CMI V2 is a free, popular and useful Forex indicator for MetaTrader 4 (MT4) trading platform. This indicator is based on the Ergodic Oscillator and the Commodity Channel Index (CCI). It is designed to help traders identify potential trend reversals and trade opportunities. The Blau Ergodic CMI V2 indicator is composed of two lines, the Ergodic line and the CCI line. The Ergodic line is a moving average of the CCI line, and is used to determine the direction of the trend. If the Ergodic line is above the CCI line, the trend is considered to be up. If the Ergodic line is below the CCI line, the trend is considered to be down. The indicator also provides buy and sell signals when the two lines cross. The Blau Ergodic CMI V2 indicator is easy to use and can be used in any time frame. Traders can adjust the settings of the indicator to suit their trading style. The indicator is also highly customizable, allowing traders to adjust the sensitivity of the indicator to better fit their trading needs.
MT4
Blau Ergodic CMI V2
The Blau Ergodic CMI v2 Indicator is a useful and popular Forex indicator for the MT4 trading platform. The indicator uses a combination of price and volume to calculate the CMI, which is an oscillator that can be used to identify overbought and oversold conditions. The indicator is a great way to get a better understanding of the market and can be used to identify potential trading opportunities.
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Category: Stochastic
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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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