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CCI Obos Alerts

The CCI ObOs Alerts indicator for MT4 displays buy and sell signals based on the CCI indicator. The CCI OBOS Alerts Indicator is a great tool for traders looking for an easy and effective way to identify overbought and oversold conditions in the market.

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Description

The Commodity Channel Index (CCI) ObOs Alerts Indicator for MT4 is a Forex trading tool that detects trend reversal zones. It looks for potential trend reversal trading opportunities based on the overbought and oversold levels of the CCI indicator.

Features of the CCI ObOs Alerts Indicator for MT4

The indicator uses the data of the CCI to spot potential overbought and oversold zones of the price. It paints a green arrow, indicating the CCI has crossed above the oversold level, suggesting a possible upside reversal. Conversely, the indicator displays a red arrow, indicating that the CCI is below the overbought zone, indicating a potential selling opportunity. In addition, the green and red arrows also double as signals for buying or selling opportunities, respectively.

Furthermore, the indicator was built with an alert system to notify Forex traders of potential buying or selling opportunities in the market. This helps traders to keep a tab on the indicator’s signals with less hassle.

Benefits of Using the Indicator

  • Improves Accuracy: The indicator displays buy and sell signals when the CCI indicator crosses to the upside or downside. This reduces confusing CCI signals, enabling traders to make more accurate decisions.
  • User-Friendly: The indicator uses signal arrows to display the overbought/oversold market conditions of the CCI, making it easier for beginners to identify trading opportunities.

Indicator Settings Description

The indicator comes with the following customizable settings:

CCIPeriod: Determines the CCI period for trend analysis.

CCIPrice: Determines the CCI price for analysis.

LevelOs: Defines the oversold level.

LevelOb: Defines the overbought level.

arrowSize: Determines the arrow size.

AlertsOn: Enables/Disables the signal alert system.

AlertsOnCurrent: Enables/Disable alert on the current candlestick.

AlertsMessage: Enables/Disables alert via message.

AlertsSound: Enables/Disables the alert sound system.

AlertsEmail: Enables/Disables signal alerts via email notification.

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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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