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:
- Market Ranges Identified:
- Accumulation: Identified when the market price stays within a calculated range for a specified period.
- Manipulation: Marked when the price fluctuates within a certain range, indicating potential market Manipulation.
- Distribution: Signaled when there is a break above the identified range, suggesting a potential sell opportunity.
Methodology/Step-by-Step Guide:
- 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.
- 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.
- 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.
- Signal Generation:
- A downward break in the Manipulation range issues a sell signal.
- An upward break in the Accumulation range issues a buy signal.
- Template Adjustments:
- Change the template to dark or light as preferred, while monitoring the identified ranges and signals.
Presenters/Sources:
- The content is presented by Trading Finder, with the tutorial focusing on the use of the Power of Three Indicator for trading analysis.
Notable Quotes
— 00:00 — « No notable quotes »
Category
Business and Finance