The Tipu CCI indicator is a popular and useful tool for forex traders who use the MT4 platform. This free indicator is based on the Commodity Channel Index (CCI) and helps traders identify overbought or oversold conditions in the market. The Tipu CCI indicator works by measuring the difference between the current price and its moving average over a certain period of time. This information is then displayed as a line on the chart, with overbought conditions typically indicated when the line is above a certain level (e.g. +100) and oversold conditions indicated when the line is below a certain level (e.g. -100). Traders can use the Tipu CCI indicator to help them make more informed trading decisions, as it can provide signals of potential trend reversals or continuations. It is easy to use and customize, making it a valuable tool for both novice and experienced forex traders.
MT4
Tipu CCI
Tipu CCI indicator is a popular and useful forex indicator for MT4. It is free to download and provides valuable insight into overbought or oversold conditions in the market. The indicator works by measuring the difference between the typical price and a simple moving average. Traders can use Tipu CCI to identify potential trend reversals and take advantage of profitable trading opportunities.
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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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