The CCI Trends Indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator is designed to help traders identify trends in the forex market by using the Commodity Channel Index (CCI) as the main calculation. The CCI Trends Indicator works by measuring the current price levels relative to the average price over a specific period of time. When the CCI indicator shows high levels, it indicates that the market is overbought, while low levels suggest that the market is oversold. Traders can use this information to make informed decisions about when to enter or exit trades. To use the CCI Trends Indicator, simply add it to your MT4 platform and customize the settings to suit your trading strategy. The indicator will then display trend lines and potential entry and exit points based on the CCI calculations.
MT4
CCI Trends
CCI Trends Indicator is a popular and useful forex indicator for MT4. This free indicator tracks trends based on the Commodity Channel Index (CCI) to provide insights into potential market movements. Traders can use CCI Trends Indicator to identify overbought or oversold conditions and make informed trading decisions. Simply add the indicator to your chart to start analyzing trends in the forex 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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