The Coppock indicator is a popular and useful tool for forex traders using the MT4 platform. This indicator is widely used because it provides valuable insights into market trends and can help traders make informed decisions. The Coppock indicator is a momentum indicator that combines two moving averages to identify long-term trends in the market. It is designed to give traders a clear signal when a new trend is forming, making it a valuable tool for both beginners and experienced traders. To use the Coppock indicator, simply add it to your MT4 chart and look for crossover signals. When the indicator crosses above the zero line, it indicates a buy signal, while a crossover below the zero line indicates a sell signal. Overall, the Coppock indicator is a versatile and reliable tool for forex traders looking to improve their trading strategies. And the best part is, it is completely free to use on the MT4 platform.
MT4
Coppock
The Coppock Indicator is a popular and useful forex indicator for MT4. This free tool calculates a long-term trend and identifies buying opportunities based on a weighted average of multiple moving averages. Traders can use this indicator to confirm trends and make better trading decisions. Learn how to use the Coppock Indicator effectively in your forex trading strategy.
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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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