Summary of "馃殌Trend Lord NRP Indicator in MT4/5 Download - Free - [Tradingfinder]'馃殌"
The video provides a detailed tutorial on the Trend Lord NRP Indicator, available for free download on the Trading Finder website for MetaTrader 4 and MetaTrader 5 platforms. The indicator is designed to help traders identify and analyze market trends through a Trend Histogram that visually distinguishes upward trends (blue bars) and downward trends (brown bars). The size of the histogram bars indicates the strength of the trend, with larger bars representing stronger trends.
Main Financial Strategy / Market Analysis:
- Use the Trend Lord NRP Indicator to detect trend direction and strength in trading charts.
- Visual trend analysis via color-coded histogram bars.
- Signal Alerts for trend changes to aid timely trading decisions.
Key Features and Customization Options:
- Display Settings: Choose between light, dark, or custom chart templates.
- Moving Average Settings:
- Adjust Moving Average type (Simple, Exponential, Smoothed, Linear Weighted).
- Increase Moving Average value to smooth out trend changes.
- Default Moving Average method is smooth, but exponential is recommended for smoother trends.
- Price Method Selection: Choose which price to base the Moving Average on (Close, Open, High, Low).
- Show Low Option: Connect histogram bars to extreme prices, forming a cross shape for clearer visualization.
- Signal Bar Settings:
- Set the signal bar value to control when trend change alerts are triggered.
- Zero value triggers alerts immediately on trend change (even if the candle is still open).
- Higher values delay the alert until more candles confirm the trend.
- Alerts:
- Enable/disable message alerts for trend changes.
- Enable/disable email alerts (requires email setup in tool options).
- Enable/disable sound alerts and select preferred sound files.
Step-by-Step Usage Guide:
- Download the indicator file from the Trading Finder website.
- Load the indicator in MetaTrader 4/5 by dragging it onto the chart from the Navigator section.
- Ensure "Allow DLL Imports" is checked in the indicator settings.
- Customize display and indicator settings according to preference.
- Set Moving Average method and value to control trend smoothness.
- Configure signal bar and alert preferences.
- Use the color-coded histogram and alerts to monitor trend directions and strength for trading decisions.
Presenters / Source:
- Tutorial provided by Trading Finder (no specific presenter named).
Category
Business and Finance
