Summary of 🌟3 Bars High Low indicator for MT4/5 Download - Free - [TradingFinder]🌟

The video presents the Three Bar High Low indicator for MetaTrader 4 and 5, available for free download on the Trading Finder website. It explains how to install, configure, and use the indicator to identify bullish and bearish trends on price charts.

Main Financial Strategies and Business Trends:

• The indicator helps traders visually identify market trends by combining the Commodity Channel Index (CCI) and Average True Range (ATR) indicators.
• It uses color coding: green for bullish trends and red for bearish trends.
• The indicator also integrates the Williams fractal to mark significant price points on the chart.

Methodology / Step-by-Step Guide to Using the Indicator:

1. Download and Installation:
   • Download the indicator file from the Trading Finder website.
   • Open MetaTrader 4 or 5.
   • From the Navigator panel, drag the indicator onto the price chart.
   • Enable “Allow DLL Imports” in the settings and confirm by clicking OK.
2. Basic Usage:
   • The indicator displays bullish and bearish trends on the chart.
   • Williams fractals appear as points on the chart (can be enabled or disabled).
3. Customization Settings:
   • Themes: Choose between Light, Dark, or Custom templates for the indicator’s appearance.
   • CCI Period: Adjust to control trend sensitivity.
     • Higher values = fewer, smoother trend changes.
     • Lower values = more frequent trend changes and fluctuations.
   • ATR Period: Adjust to control trend smoothness.
     • Higher values = fewer trends, smoother lines.
     • Lower values = more trends, increased fluctuations.
   • Alerts:
     • Enable or disable alert notifications.
     • Enable or disable email alerts (requires prior email configuration in MetaTrader).
   • Williams Fractals: Enable or disable fractal display.
   • Number of Candles: Set how many candles the indicator analyzes (default 1,000; example changed to 500).
4. Final Steps:
   • After setting preferences, the indicator recalculates and displays trends based on chosen parameters.
   • Users are encouraged to share feedback and suggestions.

Presenters / Sources:

• The tutorial is presented by Trading Finder (no individual presenter named).

Notable Quotes

— 02:41 — « The lower this value the more Trend changes you can see and the more your profit will increase. »

— 02:59 — « The higher the ATR period the fewer Trends you will see resulting in a smoother trend line on the chart; conversely the lower this value is the more Trends you can observe in the market and the fluctuations in the trend will increase. »

— 04:08 — « We've reached the end of this tutorial, please share your comments and suggestions. »

Category

Business and Finance

Video