Summary of TMA Centered Bands Indicator for MetaTrader 4/5 Download - [TradingFinder]

The video presents a tutorial on the TMA Centered Bands Indicator for MetaTrader 4 and 5, available for download on the TradingFinder website. The main focus is on how to install and utilize the indicator effectively for trading purposes.

Main Financial Strategies and Methodologies:

• Indicator Installation:
  • Download the TMA Centered Bands Indicator file from the TradingFinder website.
  • Drag the downloaded file onto the trading chart.
  • Ensure to select the "Allow DLL imports" option before confirming.
• Indicator Functionality:
  • The indicator draws a price channel on the chart.
  • It uses moving averages to determine market trends:
    • If the current output is higher than the previous output, it indicates an upward trend (middle line in blue).
    • If the current output is lower, it indicates a downward trend (middle line in red).
• Settings Configuration:
  • Adjust settings for moving average periods and calculation types (highest price, lowest price, etc.).
  • Choose between ATR calculations or standard deviation for volatility measurement.
  • Set the ATR multiplier to adjust channel distance from the middle line.
  • Define the number of candles for deviation calculations (default is 10).
  • Select a theme for the indicator (auto, light, dark, or custom).

Step-by-Step Guide:

1. Download the indicator from TradingFinder.
2. Drag the indicator file onto the chart in MetaTrader.
3. Select "Allow DLL imports" and click "OK."
4. Configure settings for moving average period and calculation types.
5. Choose ATR or standard deviation for volatility calculations.
6. Set the ATR multiplier and number of candles for deviation.
7. Select the desired theme for the indicator display.

Presenters/Sources:

• TradingFinder

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Business and Finance

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