The Day CCI Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator is based on the Commodity Channel Index (CCI) and is designed to help traders identify overbought or oversold conditions in the market. The Day CCI Indicator works by calculating the CCI value for a specific period, usually 14 days, and displaying it as a line on the chart. Traders can use this indicator to look for divergences between price and the CCI line, which can signal potential trend reversals. To use the Day CCI Indicator, simply add it to your MT4 platform and adjust the settings to your preference. Then, look for instances where the CCI line crosses above or below certain levels, such as +100 or -100, to make trading decisions. This indicator can be a valuable tool for forex traders looking to improve their trading strategies.
MT4
Day CCI
The 60 Day CCI Indicator is a popular and useful forex indicator for MT4 users. It is free to download and provides valuable insights into market trends. This indicator measures the change in price movement over a 60-day period, helping traders make informed decisions. To use the Day CCI Indicator, simply add it to your MT4 platform and observe the readings to identify potential entry and exit points.
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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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