Summary of "馃殌 ATR Trailing Stop (TSL) Indicator MT4/5 Download - Free - [TradingFinder]"
The video presents the ATR Trailing Stop (TSL) Indicator available for free download on the TradingFinder website for MetaTrader 4 and MetaTrader 5 platforms. The indicator is designed to help traders secure profits by dynamically adjusting stop-loss levels based on the Average True Range (ATR) calculation.
Main Financial Strategy:
- Using ATR-based trailing stops to protect gains and minimize losses by moving stop-loss levels in line with price volatility.
Key Features and Usage:
- The indicator plots stop-loss levels directly on the chart.
- Downward trends and corresponding stop-loss levels are shown in purple.
- Upward trends and stop-loss levels are shown in green.
- Candle colors change automatically to indicate profitable (bright green) and losing (bright red) candles.
Customization Options:
- Adjust ATR settings (default period is 10).
- Modify ATR ratio and multiplier (default multiplier is 4).
- Choose from four visual themes/templates: Auto, Light, Dark, and Custom.
- Auto changes candle colors to reflect profit/loss.
- Light and Dark themes change the overall chart appearance.
- Custom keeps the user鈥檚 personalized template.
Step-by-Step Guide to Installation and Setup:
- Download the indicator file from the TradingFinder website.
- Open MetaTrader 4 or 5 and drag the indicator file onto the chart from the Navigator section.
- Enable "Allow DLL Imports" in the settings before confirming.
- Check the relevant box in the full "Hello Dealer OP" section and confirm.
- Adjust settings such as ATR period, multiplier, and theme according to preference.
- The indicator will then plot stop-loss levels and trend directions on the chart.
Business Trend:
- The video highlights the increasing use of volatility-based Trailing Stop tools in trading to improve risk management and automate stop-loss adjustments.
Presenter/Source:
TradingFinder website tutorial (no individual presenter named).
Category
Business and Finance
