The Candle Volatility Index Averages (CVI) is a useful and popular free Forex indicator for the MT4 trading platform. It helps traders to identify the volatility of the market by displaying two lines on the chart. The first line is the average true range (ATR) and the second line is the average of the ATR over a period of time. The indicator is used to identify the trend of the market, as well as to determine potential entry and exit points. The Candle Volatility Index Averages indicator works by calculating the average true range of the market over a period of time. The ATR is then used to calculate the average of the ATR over the same period of time. This average is then plotted on the chart as a line. The indicator is useful in determining the trend of the market, as well as to identify potential entry and exit points. Additionally, it can be used to identify when the market is overbought or oversold, as well as to find potential support and resistance levels.
MT4
Candle Volatility Index Averages
The Candle Volatility Index Averages MT4 is a popular and free Forex indicator that is useful for traders who want to identify the volatility of a currency pair. It then uses the average of the high and low of the candle to calculate the volatility index. It is also a great tool for helping traders 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:
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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