The Cumulative Volume Indicator (CVI) is a useful and popular Forex indicator that is available for free on the MT4 platform. It is used to measure the buying and selling pressure of a currency pair by taking into account the volume of each transaction. The CVI is calculated by adding the current period’s volume to the previous period’s volume. This allows traders to easily identify when there is a shift in buying or selling pressure. The CVI is a great tool for traders to gauge the momentum of a currency pair. When the CVI is increasing, it indicates that there is an increase in buying pressure. Conversely, a decreasing CVI indicates that there is more selling pressure. Traders can use this information to make decisions on when to enter or exit a trade. The CVI is a great tool for any Forex trader. It is easy to use and can help traders identify buying and selling pressure, as well as the strength of a trend. By using the CVI, traders can make better informed decisions and increase their chances of success.
The Cumulative Volume Indicator (CVI) is a useful free Forex indicator for MT4 that is popular among traders. It is used to measure the amount of volume traded over a certain period of time. The indicator is calculated by adding up the volume of each period and displaying it on a graph. The indicator is easy to use and read, making it a great tool for both beginner and experienced traders.
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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.