The CCI ONMA Indicator is a useful tool for forex traders using the MT4 platform. It is a popular choice among traders for its accuracy in identifying overbought and oversold conditions in the market. This indicator is free to download and easy to install on the MT4 platform. The CCI ONMA Indicator works by measuring the relationship between the current price and its moving average, helping traders to spot potential trend reversals. When the indicator shows readings above 100, it suggests that the market is overbought, while readings below -100 indicate the market is oversold. To use the CCI ONMA Indicator effectively, traders can look for divergences between price and the indicator, as well as using it in conjunction with other technical analysis tools to confirm trade signals. Overall, this indicator can be a valuable addition to any forex trader’s toolkit.
MT4
CCI ONMA
CCI ONMA Indicator is a popular and useful Forex indicator for MT4. It is free to use and helps traders identify overbought or oversold conditions in the market. The indicator calculates the Commodity Channel Index (CCI) with Moving Averages (ONMA) to provide accurate signals for trading opportunities. Traders can use this indicator to make informed decisions and improve their trading performance.
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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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