The FX Snipers Ergodic CCI Forex Indicator is a popular and free tool for MT4 traders. It is useful for determining trend strength and direction, and can also be used to identify overbought and oversold conditions. The indicator is based on the Ergodic oscillator, which is an oscillator that measures the difference between two moving averages. The indicator is designed to show the trend direction and strength by plotting two lines, the Ergodic CCI and the Ergodic Signal. The Ergodic CCI line is calculated by taking the difference between the two moving averages, while the Ergodic Signal line is calculated by taking the difference between the Ergodic CCI and the current price. When the Ergodic CCI line crosses above the Ergodic Signal line, it is a sign of a bullish trend, and when it crosses below the Ergodic Signal line, it is a sign of a bearish trend. The FX Snipers Ergodic CCI Forex Indicator is a useful tool for traders who want to identify trend direction and strength. It can also be used to identify overbought and oversold conditions in the market.
MT4
FX Snipers Ergodic CCI
The FX Snipers Ergodic CCI is a popular and useful free Forex indicator for MT4. This indicator is designed to identify potential trend reversals by monitoring the price action and momentum of a currency pair. This indicator is ideal for traders who are looking for an easy to use and reliable tool for analyzing 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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