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Home Collection Trend Bollinger Bands CCI MA
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Bollinger Bands CCI MA

Bollinger Bands CCI MA Indicator is a popular and useful forex indicator available for free on MT4. This indicator combines Bollinger Bands, Commodity Channel Index (CCI), and Moving Averages to provide valuable insights into market trends and potential entry/exit points. Traders can use it to identify overbought/oversold conditions and gauge market volatility.

Indicator Type

Leading

Trading Style

Swing

Timeframe

D1-W1

,

M1-M5

Platform

MT4

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  • How to Install
Description

The Bollinger Bands CCI MA Indicator is a useful tool for forex traders using the MetaTrader 4 platform. This popular indicator combines three different technical indicators – Bollinger Bands, Commodity Channel Index (CCI), and Moving Average (MA) – to provide valuable insights into market trends and potential trading opportunities. The Bollinger Bands show price volatility, the CCI indicates overbought or oversold conditions, and the MA helps identify trends. By analyzing the signals generated by these three indicators together, traders can make more informed decisions about when to enter or exit trades. This indicator is widely used by forex traders for its accuracy and simplicity. Best of all, it is available for free, making it accessible to traders of all levels. Simply add the indicator to your MT4 platform and start using it to improve your trading strategy today.

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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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