The CCI OBOS Arrows Indicator for MetaTrader 4 is a useful tool for forex traders looking to identify overbought or oversold conditions in the market. This popular indicator is available for free and can be easily installed on the MT4 platform. The indicator works by using the Commodity Channel Index (CCI) to determine when a currency pair is in an overbought or oversold state. When the CCI reaches extreme levels, arrows will appear on the chart indicating potential reversal points. Traders can use these signals to enter or exit trades with more confidence. To use the CCI OBOS Arrows Indicator, simply download and install it on your MT4 platform. Then, look for the arrows on the chart and consider other technical analysis factors before making trading decisions. This indicator can be a valuable tool for traders looking to improve their forex trading strategy.
MT4
CCI Obos Arrows
CCI OBOS Arrows Indicator is a useful forex indicator for MT4 that is popular among traders. It is a free indicator that helps identify overbought and oversold conditions in the market using the Commodity Channel Index (CCI). When the CCI reaches extreme levels, arrows are displayed on the chart to signal potential reversal points. Traders can use this information to make informed trading decisions.
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Description
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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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