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Home Collection Stochastic Prsi With Pcci
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Prsi With Pcci

PRSI with PCCI Indicator is a popular and useful forex indicator for MT4. It combines the Price Rate of Change (PRSI) and the Percentage Crossover Channel Index (PCCI) to identify trends and potential trading opportunities. It is free to use and can be easily integrated into your trading strategy. The indicator works by analyzing price movements and generating buy/sell signals based on its calculations.

Indicator Type

Accurate

Trading Style

Scalping

Timeframe

M1-M5

Platform

MT4

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  • How to Install
Description

The PRSI with PCCI indicator is a useful tool for forex traders using the MetaTrader 4 platform. This popular indicator is free to use and can help traders identify potential trends in the market. The PRSI (Polarized RSI) is a modified version of the Relative Strength Index (RSI) that aims to provide a clearer signal of market direction. The PCCI (Percentage CCI) is a trend-following indicator that helps confirm the PRSI signals. To use the PRSI with PCCI indicator, traders can look for crossovers of the PRSI and PCCI lines, as well as divergences between the indicator and price action. These signals can help traders make more informed trading decisions and potentially increase their profitability in the forex market.

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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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