Trend CCI Indicator is a useful and popular free Forex indicator for MT4. It is used to detect trend changes in the market and to identify overbought and oversold conditions. The indicator works by calculating the Commodity Channel Index (CCI) of the price over a given period. The CCI is then compared to the average CCI over the same period. If the current CCI is higher than the average, it indicates an uptrend; if it is lower than the average, it indicates a downtrend. The Trend CCI Indicator can be used to identify possible entry and exit points in the market. When the indicator is in an overbought condition, it may be a good time to exit a long position or enter a short position. Conversely, when the indicator is in an oversold condition, it may be a good time to exit a short position or enter a long position. The indicator is available for free on MT4 and is a popular and useful tool for Forex traders.
The Trend CCI Indicator is a useful and popular Forex indicator for MT4 that is free to use. It helps traders identify potential trend reversals in the market. It does this by comparing the current market price to the average price over a certain period of time. The Trend CCI Indicator is easy to use and can be a valuable tool in any trader’s arsenal.
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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.