The CCI on Step Channel Indicator for MT4 is a popular and useful free Forex indicator. It is designed to help traders identify profitable trading opportunities in the Forex market. The indicator works by plotting a step channel on the chart and then overlaying the Commodity Channel Index (CCI) indicator. The CCI is a momentum indicator that measures the strength of a trend and can help traders identify potential trend reversals. The CCI on Step Channel Indicator for MT4 is easy to use and can be quickly implemented into any trading strategy. When the CCI crosses above the step channel, it is a signal to buy. Conversely, when the CCI crosses below the step channel, it is a signal to sell. Additionally, traders can use the CCI on Step Channel Indicator for MT4 to identify overbought and oversold levels in the market. When the CCI is above the upper channel line, it is an indication that the market is overbought and a potential sell signal. It is easy to use and can be quickly implemented into any trading strategy.
CCI On Step Channel
The CCI on Step Channel Indicator for MT4 is a useful and popular free Forex indicator. It works by combining the Commodity Channel Index with a step channel indicator. The CCI on Step Channel Indicator for MT4 is a great tool for any Forex trader, as it can help them identify potential trading opportunities in the Forex market.
Downloads - 2
0 People watching this product now!
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.