Summary of "馃幆CISD-CID + BPR Combined Indicator in ICT Style MT4/5 Download - Free - [TFlab]"
Summary of Video: 馃幆CISD-CID + BPR Combined Indicator in ICT Style MT4/5 Download - Free - [TFlab]
Technological Concepts & Product Features:
- CISD, CID, and BPR Indicators: These are specialized trading tools designed for the ICT (Inner Circle Trader) style, aimed at identifying price reversal levels and generating buy/sell signals on trading charts.
- Platform Compatibility: Available for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Users can download the indicator files from the Trading Finder website and apply them to their charts.
- Installation & Setup:
- Indicators are loaded via the Navigator section in MT4/MT5 by dragging the file onto the chart.
- Users must enable the "Allow DLL Imports" option in the command settings for the indicator to function properly.
- Indicator Functionality:
- Once applied, the indicators draw specific levels on the chart and identify buy and sell signals.
- The indicators focus on identifying BPR levels (formed by the intersection of bearish and bullish affinities).
- These BPR levels represent price zones where reversals or trading opportunities are likely.
- Settings & Customization:
- Display Settings: Users can choose between Dark, Light, or Auto themes for the chart template and candle colors.
- Dark theme applies a dark template.
- Light theme applies a light template.
- Auto theme changes candle colors dynamically (bullish candles to bright green, bearish to bright red).
- BPR Settings: Users can enable or disable the display of BPR levels and signals. By default, BPR is enabled.
- CISD Limit: Default set to 4, this setting controls the number of candles counted after a BPR level is consumed to identify breakout signals.
- Display Settings: Users can choose between Dark, Light, or Auto themes for the chart template and candle colors.
- Trading Signal Logic:
- A BPR level is identified when price moves downwards consuming a bearish affinity or upwards consuming a bullish affinity.
- When the price breaks the opening price level of the last bullish or bearish candle (the breakout level), buy or sell signals are generated.
- The indicator counts four candles after the BPR level consumption to confirm breakout signals.
- Examples & Use Cases: The video demonstrates how the indicator marks bullish and bearish affinities, identifies BPR levels, and generates corresponding buy/sell signals based on price action and breakout confirmation.
Guides & Tutorials:
- Step-by-step instructions on downloading, installing, and setting up the indicators on MT4/MT5.
- Explanation of all input settings, including theme selection and BPR enablement.
- Detailed walkthrough of how the indicator interprets price action to generate trading signals.
- Visual examples of BPR levels and breakout signals on live charts.
Call to Action:
- Viewers are encouraged to share comments and suggestions in the video鈥檚 comment section for further interaction.
Main Speaker / Source:
- The tutorial is presented by the team or individual associated with TFlab, the creators or distributors of the CISD, CID, and BPR indicators tailored for ICT style trading.
Category
Technology
