The 12102023 Pro CCI Divergence Indicator for MT4 is a useful tool for forex traders who want to identify potential trend reversals early on. This popular indicator is available for free download and is compatible with Metatrader 4. The indicator works by comparing the price action of a currency pair with the Commodity Channel Index (CCI) indicator, looking for divergences that may signal a change in market direction. By using this tool, traders can anticipate potential reversals and adjust their trading strategy accordingly. To use the indicator, simply add it to your MT4 platform and apply it to the chart of the currency pair you are trading. Look for divergences between price action and the CCI indicator to generate buy or sell signals. Overall, the 12102023 Pro CCI Divergence Indicator is a valuable tool for forex traders looking to improve their trading strategies.
MT4
Pro CCI Divergence
Pro CCI Divergence Indicator MT4 is a popular and useful forex indicator that is available for free. This indicator works by identifying divergences between the price action and the Commodity Channel Index (CCI) indicator, helping traders spot potential trend reversals. To use, simply attach the indicator to your MT4 chart and look for divergences to make informed trading decisions.
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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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