The CCI-RSX-ATR Combination Indicator is a useful and popular free Forex indicator for the MT4 platform. It is a combination of the Commodity Channel Index, Relative Strength Index and Average True Range. The indicator uses the three indicators to analyse the current market conditions and generate signals for potential trading opportunities. The Commodity Channel Index (CCI) is a momentum indicator that measures the level of current price relative to the average price over a certain period of time. The Relative Strength Index (RSI) measures the strength of a trend, and the Average True Range (ATR) measures the volatility of the market. The combination of these three indicators helps traders identify potential trading opportunities in the Forex market. With its combination of indicators, the CCI-RSX-ATR Combination Indicator can help traders make better trading decisions and increase their chances of success in the Forex market.
MT4
CCI RSX ATR Combination
The CCI RSX ATR Combination Indicator is a useful Forex indicator for MT4 traders. The indicator can be used to identify overbought and oversold conditions, and can also be used to identify potential breakouts. The indicator is easy to install and can be used on any timeframe.
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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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