The SMCCI Indicator is a popular and free Forex indicator for MT4, which stands for “Simple Moving Cross Currency Index”. This indicator is useful for traders who are looking to gain an edge in the Forex markets. It is a technical indicator that uses a combination of moving averages to identify potential trading opportunities. The indicator is designed to help traders identify the direction of the trend and to identify potential entry and exit points. The SMCCI Indicator works by combining two different moving averages, a fast one and a slow one, to generate signals. The fast moving average is used to identify the direction of the trend, while the slow moving average is used to identify potential entry and exit points. The indicator also provides additional information, such as the strength of the trend, and the potential for a trend reversal. Overall, the SMCCI Indicator is a useful and popular Forex indicator for MT4. It is free to use and can be set up quickly. It can help traders identify potential trading opportunities and can be used in combination with other indicators to help make better trading decisions.
MT4
Smcci
The SMCCI Indicator is a free and popular Forex indicator for the MT4 platform. The SMCCI Indicator is based on a proprietary algorithm that analyses market conditions and provides reliable buy and sell signals. The SMCCI Indicator also includes additional features such as a trend strength meter, a volatility indicator, and a charting window that allows traders to view past price action. This indicator is easy to use and can be customized to suit individual trading styles. With its reliable signals and comprehensive features, the SMCCI Indicator is a great choice for traders looking to improve their trading performance.
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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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