The Weighted CCI Indicator for MT4 is a popular and free Forex indicator that is useful for traders of all levels. This indicator helps traders to identify the trend of the market and make informed decisions on when to enter and exit trades. The Weighted CCI Indicator for MT4 is based on the Commodity Channel Index (CCI) and uses a weighted average of the current CCI values over a specified period of time. This allows traders to see the overall trend of the market and make decisions based on the direction of the trend. The Weighted CCI Indicator for MT4 is easy to use and understand. It displays the current CCI values in a chart that can be customized to suit the individual trader’s needs. The indicator also has various settings that can be adjusted to suit the trader’s preferences. The Weighted CCI Indicator for MT4 can be used to identify overbought and oversold conditions in the market as well as to spot potential trading opportunities.
MT4
Weighted CCI
The Weighted CCI indicator for MT4 is a popular and free Forex indicator that is useful for trading. This indicator provides traders with an easy-to-read visual representation of the market trend. It is especially useful for identifying possible entry and exit points. The Weighted CCI indicator is a great tool for any trader 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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