Summary of "📥 CHT Value Chart Indicator for MetaTrader 4&5 - Free Download - [TFlab]"

The video provides a tutorial and guide on the CHT Value Chart Indicator designed for MetaTrader 4 and MetaTrader 5 platforms, available for free download from the Trading Finder website.

Key Technological Concepts and Features:

Platform Compatibility: The indicator works on both MetaTrader 4 and MetaTrader 5.
Installation: Users download the indicator file, drag it onto the chart from the Navigator section, and must enable the "Allow DLL Imports" option in settings to activate it.
Functionality:
- The indicator removes trends from the price chart to focus solely on candlestick cycles.
- It highlights overbought and oversold areas by showing levels, with key thresholds at 12 and 15 (15 being the strongest signal).
- Displays bullish and bearish trends in a way that helps identify price reversals.
Customization Options:
- Users can select from three display themes: Light, Dark, or Custom.
- The calculation period (default 5) can be adjusted to fine-tune sensitivity; the presenter sets it to 10.
- Bullish and bearish candle colors are customizable (e.g., dark green for bullish, blue for bearish).
Algorithm: The indicator normalizes candlesticks based on the selected period to improve the identification of price reversal zones.

Helps traders identify overbought and oversold conditions without the distraction of trend lines.
Facilitates spotting price reversal points more clearly through normalized candlestick cycles.
Adjustable settings allow traders to tailor the indicator's appearance and sensitivity to their preferences.

Step-by-step instructions on how to add the indicator to MetaTrader charts.
Explanation of key settings and how to customize colors and calculation periods.
Visual demonstration of how the indicator changes the chart's appearance and highlights critical levels.