The CCI Filter Levels Indicator is a useful and popular Forex indicator for the MT4 trading platform. It is a free indicator that can help traders identify trends in the Forex market. The indicator uses the Commodity Channel Index (CCI) to identify potential entry and exit points for a trade. It can be used to identify overbought and oversold levels, as well as trend reversals. The indicator works by looking at the current CCI value and comparing it to the previous value. If the current value is higher than the previous value, then the trend is considered to be up. Conversely, if the current value is lower than the previous value, then the trend is considered to be down. The indicator also looks for extremes in the CCI values, which can indicate potential entry and exit points. It is a useful tool for traders who are looking to take advantage of the Forex market.
MT4
CCI Filter Levels
The CCI Filter Levels Indicator is a popular and useful Forex indicator for the MT4 trading platform. The CCI Filter Levels Indicator works by analyzing the Commodity Channel Index (CCI) to detect trends. It then uses the CCI data to generate trade signals and alert traders to potential trading opportunities. Its easy installation and use, combined with its powerful features, make it a popular and useful Forex indicator for the MT4 trading platform.
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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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