The CCI of RSX ATR Indicator is a popular and useful free forex indicator for the MT4 platform. This indicator combines the Commodity Channel Index (CCI) with the Relative Strength Index (RSI) and Average True Range (ATR) to provide traders with valuable insight into market trends and volatility. The CCI of RSX ATR Indicator works by calculating the CCI and RSX values, then taking the ATR into account to gauge the strength of price movements. This allows traders to identify potential entry and exit points, as well as determine the optimal placement of stop-loss and take-profit orders. To use the CCI of RSX ATR Indicator, simply add it to your MT4 chart and adjust the settings to suit your trading style. You can customize the indicator’s parameters to better align with your trading strategy and timeframe preferences.
MT4
CCI Of RSX ATR
The CCI of RSX ATR indicator is a useful forex indicator for MT4 that is popular among traders. It is a free indicator that combines the Commodity Channel Index (CCI) and Average True Range (ATR) to identify trends and potential reversals in the market. Traders can use this indicator to make informed trading decisions based on market volatility and momentum.
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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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