The Double CCI with SMA Indicator is a useful and popular free Forex indicator that is available for the MT4 trading platform. This technical indicator combines the Commodity Channel Index (CCI) with a Simple Moving Average (SMA) to identify potential entry and exit points in the market. The Double CCI with SMA Indicator works by using the CCI to measure the strength of the trend and the SMA to determine the direction of the trend. When the CCI is above the SMA, the trend is considered to be up, and when the CCI is below the SMA, the trend is considered to be down. The indicator will generate buy and sell signals when the CCI crosses the SMA in the respective direction. The Double CCI with SMA Indicator is a great tool for traders who want to identify potential entry and exit points in the market. It can be used to identify potential buy and sell signals, as well as to confirm existing signals. The indicator can be used on any timeframe, making it a versatile tool for traders of all skill levels. The indicator is easy to use and can be quickly added to any MT4 chart. It is also a great tool for traders who are looking to take advantage of short-term trading opportunities. With the Double CCI with SMA Indicator, traders can identify potential entry and exit points in the market and capitalize on them.
MT4
Double CCI With SMA
The Double CCI with SMA indicator is a useful and popular free Forex indicator for MT4. It combines two Commodity Channel Index (CCI) indicators with a simple moving average (SMA) indicator to generate signals when the trend is strong. The SMA line helps to filter out false signals and confirm the trend. The Double CCI with SMA indicator is a useful tool for traders looking to identify strong 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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