Summary of 📌Power of Three Indicator in Smart Money Style for MetaTrader 4/5 Download - Free [Tradingfinder]🌟

The video discusses the "Power of Three Indicator," a tool for MetaTrader 4 and 5 that helps traders analyze market trends. The indicator identifies three main market ranges: Accumulation, Manipulation, and Distribution, and provides buy or sell signals based on market movements.

Main Financial Strategies and Market Analyses:

Methodology/Step-by-Step Guide:

  1. Download and Setup:
    • Download the Power of Three Indicator from the Trading Finder website.
    • In MetaTrader, navigate to the indicator file and drag it onto the chart.
    • Ensure "Allow DLL Imports" is checked in the common settings.
  2. Indicator Settings:
    • Choose between dark, light, or auto templates for the chart appearance.
    • Set the period for the indicator (default is 50 candles).
    • Adjust the multiplier setting (default is 1.5) to identify ranges above and below the average.
  3. Range Identification:
    • The indicator averages the last 50 candles to establish a baseline.
    • If the price remains within the calculated range for 25 candles, it marks the area as Accumulation.
    • A swing of three marks the range with a box, signaling a potential Distribution when broken upward.
  4. Signal Generation:
    • A downward break in the Manipulation range issues a sell signal.
    • An upward break in the Accumulation range issues a buy signal.
  5. Template Adjustments:
    • Change the template to dark or light as preferred, while monitoring the identified ranges and signals.

Presenters/Sources:

Notable Quotes

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Category

Business and Finance

Video