The RBCI Histogram Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator is a unique combination of four powerful indicators, which are the Relative Strength Index (RSI), the Commodity Channel Index (CCI), the Moving Average Convergence Divergence (MACD) and the Bollinger Bands (BB). This indicator provides traders with a clear view of the market trends and helps them make better trading decisions. The RBCI Histogram Indicator is designed to identify potential buy and sell signals. It does this by analyzing the various indicators mentioned above and then displaying them in a histogram form. The histogram is color-coded to make it easier to read. The colors used are green, yellow, and red which indicate whether the trend is bullish, bearish, or neutral. It is easy to use and understand, and it is free. This indicator is a great way for traders to identify potential buy and sell signals and make better trading decisions.
MT4
RBCI Histogram
The RBCI Histogram Indicator is a useful and popular free Forex indicator for MT4 trading platforms. The histogram shows the difference between the current price and the previous price, while the signal line indicates the trend direction. By combining the signals from the histogram and the signal line, traders can make more 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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