The CCI DR Bob Indicator is a powerful and useful tool for Forex traders. It is a popular and free indicator for the MetaTrader 4 (MT4) platform, and it can help traders identify overbought/oversold market conditions, as well as potential entry and exit points. The CCI DR Bob Indicator works by calculating the Commodity Channel Index (CCI) of the current market. It then plots the CCI values as a histogram on the chart, with the zero line representing the neutral zone. The indicator also displays the overbought/oversold levels on the chart, which are set at +/-100. When the CCI values are above the overbought level, it is an indication to sell, and when the CCI values are below the oversold level, it is an indication to buy. In addition to the histogram, the CCI DR Bob Indicator also displays a signal line, which is the average of the CCI values. This helps to filter out any false signals and provide traders with more reliable entry and exit points.
MT4
CCI Dr Bob
The CCI DR Bob Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool for traders who want to identify the direction of the trend and the strength of the market. The indicator is easy to use and provides traders with a visual representation of the trend. It is also free to download and use, making it a great tool for traders who are looking for a reliable and cost-effective way to analyze the market.
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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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