Summary of "Change In State of Delivery Indicator for ICT Style in MT5/4- Free Download"
The video discusses the "Change in State of Delivery" (CISD) indicator designed for the ICT trading style, available for download for both MetaTrader 4 and MetaTrader 5 platforms. Key features and functionalities of the indicator include:
- Indicator Application: Users can download the indicator from the Trading Finder website and apply it to their charts by dragging it from the Navigator section. It's important to enable DLL imports in the settings.
- Functionality: The CISD indicator helps traders identify bearish break signals on price charts. It focuses on detecting various market structures such as order blocks, breaker blocks, fair value gaps (FVG), and imbalance (BPR).
- Analysis Capabilities: The indicator analyzes price movements by considering up to five previous candles. It identifies significant levels based on the first candle that goes against the trend, issuing signals when these levels are breached.
- Customization Options: Users can customize the indicator settings, including enabling or disabling the display of specific features like order blocks and FVGs. The color of the zigzag stitching line can also be changed to suit user preferences.
- Practical Examples: The video provides examples of how the indicator identifies bearish trends and corrections, demonstrating its application in real trading scenarios.
The video concludes with an invitation for viewers to provide feedback and suggestions in the comments section.
Main Speakers/Sources
- The video does not specify individual speakers but presents information from the Trading Finder website regarding the CISD indicator.
Category
Technology
