Summary of ✅ Market Maker X Model Indicator for MetaTrader 4/5 Download - Free - [TFlab]
The video provides a detailed tutorial and review of the Market Maker Model Indicator designed for MetaTrader 4 and MetaTrader 5, 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 and Setup:
- Download the indicator file from the website.
- Apply it by dragging from the Navigator section onto the chart.
- Enable "Allow DLL Imports" in the common settings.
- Enable "Allow this query" in the input settings.
- Indicator Functionality:
- Uses Fair Value Gap (FVG) ranges to identify potential trading zones:
- Green areas represent bullish FVG ranges.
- Red areas represent bearish FVG ranges.
- Highlights structural breaks or character changes with purple markers.
- Signals are generated based on price interaction with these zones and structural level breaks.
- Uses Fair Value Gap (FVG) ranges to identify potential trading zones:
- Signal Interpretation:
- Buy signals occur after a structural level breaks down and then moves back up, with price retracing and pulling back to an FVG range before moving upward again.
- The indicator issues relatively few signals due to strict filtering but those signals are considered valid and reliable.
- Customization Options:
- Theme/template modes: Dark, Light, and Auto (which changes candle colors).
- Adjustable number of candles used for calculations (default 300,000, adjustable to lower values like 5,000).
- Ability to select a second symbol to identify divergence between two currency pairs, enhancing signal accuracy.
- Option to enable or disable higher time frame FVG ranges display.
- Divergence Feature:
- The indicator identifies divergence between the primary chart symbol and a secondary symbol (e.g., GBPUSD vs USD), which contributes to signal generation.
- User Interface:
- Clear visual cues with colored zones and candles.
- Signals are confirmed when candles close above or below key levels.
Review and Analysis:
- The indicator is described as strong but challenging to use due to many filters.
- It sends fewer signals, but those signals are reliable and tend to correspond with significant price movements.
- The tutorial emphasizes understanding the structural breaks and FVG ranges for better trade decisions.
Tutorial Guidance:
- Step-by-step instructions on downloading, installing, and configuring the indicator.
- Explanation of each input setting and how to customize the indicator for personal trading preferences.
- Demonstration of how signals are generated and interpreted on charts.
- Encouragement to experiment with themes and higher time frame settings.
Main Speaker/Source:
- The tutorial is presented by the TFlab channel or team, who also manage the Trading Finder website where the indicator is hosted.
Summary:
This video is a comprehensive guide and review of the Market Maker Model Indicator for MT4/MT5, focusing on its unique use of fair value gaps, structural breaks, and divergence to generate high-quality trading signals. It offers detailed setup instructions, customization options, and explains the indicator’s conservative but effective signaling approach.
Notable Quotes
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Category
Technology