The CCI Histogram Indicator is a popular and free Forex indicator for MT4 that can be used to identify market trends and generate trading signals. It is a useful tool for traders of all levels of experience, as it can help to identify potential trading opportunities and provide a better understanding of the market. The CCI Histogram Indicator works by plotting the Commodity Channel Index (CCI) values on a histogram. The CCI is an oscillating indicator that measures the strength of a trend and helps to identify entry and exit points. The histogram plots the CCI values in a visual format that makes it easier to interpret. The histogram is composed of two lines, one for the positive CCI values and one for the negative CCI values. The positive values are represented by green bars and the negative values are represented by red bars. The higher the positive values, the stronger the uptrend, and the higher the negative values, the stronger the downtrend.
The CCI Histogram Indicator is a useful and popular free Forex indicator for MT4. It is based on the Commodity Channel Index, and it helps traders to easily identify potential entry and exit points in the market. The indicator displays a histogram which allows traders to quickly and easily identify overbought and oversold levels in the market. The indicator is simple to use and can be used by both novice and experienced traders. It is also free to download and use, making it one of the most popular indicators available.
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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.