Summary of Swing Failure Pattern (BB-OB) Indicator for MT5/4 Download - Free
The video provides a tutorial on the Swing Failure Pattern (BBO) indicator available for free download for MetaTrader 4 and MetaTrader 5 platforms. Key features and functionalities of the indicator are discussed, including:
- Installation and Setup: Users can download the indicator from the Training Finder site, then install it by selecting the file from the Navigator section and dragging it onto the chart. The LDL Import option must be checked before confirming the installation.
- Functionality: The indicator identifies and draws swing failure patterns based on various market structures, including order blocks and break-off structures. It visually represents these patterns on the chart, highlighting liquidity collection areas and price movements.
- Chart Visualization: The indicator displays change-off characters in red and break-off structures (BOS) in blue. Users can customize the display settings with three themes: dark, light, and auto.
- Calculation Settings: The indicator allows users to choose how swing failure patterns are calculated—based on shadows, wicks, or both. It also provides options for calculating zones based on order blocks or breaker blocks.
- Customization Options: Users can enable or disable the display of various elements, including swing filler patterns of majors, minors, and reversal patterns, as well as break-off structures and change-off characters.
- User Interaction: The video encourages viewers to provide feedback and suggestions in the comments section and to subscribe for more content.
Main Speakers/Sources
- The video does not specifically mention any individual speakers, but it is presented in a tutorial format likely by a trading educator or content creator associated with the Training Finder site.
Notable Quotes
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Category
Technology