The Combo RSI and CCI indicator is a useful tool for forex traders using the MT4 platform. It combines two popular technical indicators, RSI (Relative Strength Index) and CCI (Commodity Channel Index), to provide traders with more comprehensive market analysis. The RSI measures the strength of a trend, while the CCI identifies overbought and oversold conditions in the market. By using both indicators together, traders can get a clearer picture of market momentum and potential reversal points. This indicator is free to use and easy to install on the MT4 platform. Simply add it to your chart and adjust the settings to suit your trading style. The Combo RSI and CCI indicator can be a valuable tool in your trading arsenal, helping you make more informed decisions and potentially increase your profits in the forex market.
MT4
Combo Rsi And CCI
Combo RSI and CCI Indicator is a useful forex indicator for MT4 traders. It combines the Relative Strength Index (RSI) and Commodity Channel Index (CCI) to provide valuable insights into market trends. This popular indicator is free to use and can help traders make informed decisions when trading forex. Users can benefit from its signals to identify potential entry and exit points.
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Description
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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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