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Home Collection Support & Resistance Camarilla Dcg
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Camarilla Dcg

The Camarilla DCG Forex Indicator is a popular and free indicator for MT4 that is useful in trading the forex market. The indicator is based on the Camarilla equation, which uses the high, low, and close of a previous day or session to calculate support and resistance levels. The Camarilla DCG Forex Indicator is a great tool for traders looking to increase their success in the forex market.

Trading Style

Day Trading

Indicator Type

Breakout

Timeframe

H1-H4

,

M15-M30

Platform

MT4

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  • How to Install
Description

The Camarilla DCG Indicator is a useful and popular free Forex indicator for the MT4 platform. It is based on the Camarilla equation and provides traders with highly precise trading signals. The indicator is based on the concept that the price of an asset can reverse at certain levels, and it takes into account the volatility of the asset. The indicator draws the levels on the chart, and traders can use them as support and resistance levels. The indicator is a great tool for traders who are looking for an easy way to identify potential 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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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