Summary of 📌 Cap Channel Trading Indicator for MetaTrader 4/5 Download - [TradingFinder]

The video presents a detailed guide on the Cap Channel trading indicator available for MetaTrader 4 and 5 platforms via the TradingFinder website. This indicator is designed primarily for markets that are ranging or moving sideways, providing clear buy and sell signals based on price movements relative to a price channel.

Main Financial Strategy and Market Analysis:

The indicator uses a price channel based on the Triangle Moving Average (TMA):
- The middle line is the TMA.
- The upper and lower bands represent TMA deviations.
Trading signals:
- A sell signal is triggered when the price breaks above the upper band.
- A buy signal is triggered when the price breaks below the lower band.
This setup is particularly useful for identifying entry points during sideways or ranging market conditions.

Key Features and Customization Options:

Display templates: Light, Dark, or Custom templates can be applied to the chart.
TMA period and smoothing: Default period is 5 with smoothing set to 6, adjustable to fit different instruments and timeframes.
Calculation types: Users can choose from closing price, opening price, highest price, lowest price, etc., for the TMA calculation.
Deviation bands: Default set at 1.618; users can widen or narrow the channel by adjusting this value.
Alerts:
- Enable or disable alerts when price exits the bands.
- Two alert filter options:
  - Alert when price exits the band before candle closes (ongoing candle).
  - Alert when price closes above, inside, or below the channel.
Channel display length: Default is 500 candles, but can be extended (e.g., 1,000 candles) for longer historical context.

Step-by-Step Setup Guide:

Download the indicator file from TradingFinder for MetaTrader 4 or 5.
Drag the indicator file onto the chart.
Ensure "Allow DLL Imports" is enabled in the common settings before confirming.
Customize settings:
- Select display template (Light, Dark, or Custom).
- Adjust TMA period and smoothing.
- Choose calculation type for price.
- Set deviation bands.
- Enable/disable alerts and configure alert filters.
- Set the number of candles to display on the channel.
Confirm settings to apply the indicator and start receiving signals.

Presenters / Source:

The tutorial and indicator are provided by TradingFinder.
No individual presenter names are mentioned.

This summary captures the core functionality, customization options, and usage instructions for the Cap Channel trading indicator as explained in the video.

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