The Double CCI Filter is a very useful and popular free Forex indicator for the MT4 trading platform. It is designed to identify potential entry points for traders by using two Commodity Channel Index (CCI) indicators to filter out false signals. The Double CCI Filter is easy to use and can help traders to make more informed decisions when trading the Forex market. The Double CCI Filter works by combining two CCI indicators with different settings. The first CCI line is used to identify potential entry points, while the second CCI line is used to filter out false signals. The indicator is able to identify price action and the direction of the trend, and then filter out false signals based on the two different CCI lines. The Double CCI Filter is very easy to use and can be applied to any chart. To use the indicator, simply select the two different CCI lines and then apply the indicator to the chart. The indicator will then display the two different lines and any potential entry points. Traders can then use this information to make more informed decisions when trading the Forex market. With the Double CCI Filter, traders can make more informed decisions when trading the Forex market.
Double CCI Filter
The Double CCI Filter Forex indicator is a useful and popular Metatrader 4 (MT4) indicator that is free to download. The Double CCI Filter indicator works by combining two Commodity Channel Index (CCI) indicators to generate buy and sell signals. The indicator can also be used to set stop-loss and take-profit levels for trades.
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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.