⚡️Sibbet Demand Index Divergence Indicator for MT4/5 – Free - [TFlab]

The video provides a detailed tutorial and guide on the CIBD Demand Index Divergence Indicator for MetaTrader 4 and MetaTrader 5 platforms, available for free download from the Trading Finder website. The indicator is designed to analyze buying and selling pressure by plotting a histogram that shows demand zones and divergence signals between price action and the indicator values.

Key Technological Concepts and Features:

• Indicator Functionality:
  • Displays buying and selling pressure through a histogram below the price chart.
  • Shows divergences between price highs/lows and histogram highs/lows, helping identify potential trend reversals.
  • Two types of divergences:
    • Solid lines (red for bearish, blue for bullish) indicating divergence between price and histogram highs/lows.
    • Dotted lines indicating divergence across different phases (upward and downward price phases).
  • Histogram values above zero suggest bullish trends; below zero suggest bearish trends.
  • Color-coded histogram phases: shifting from light to dark red or dark green indicates changing market phases.
  • Overbought and oversold levels based on positive and negative values signal potential trend reversals.
• User Customization and Inputs:
  • Adjustable calculation period length affecting sensitivity to price movements.
  • Phase value setting controls speed of phase shifts between buying and selling states.
  • Double option to increase histogram sensitivity and speed of changes.
  • Signal length and signal phase inputs adjust moving average sensitivity and signal timing.
  • Signal double option to increase sensitivity of the signal line.
  • Oscillator mode option converts the indicator to a binary buy/sell signal display.
  • Options to enable/disable divergence lines on the histogram and chart.
  • Customizable colors for bullish and bearish divergence lines.
  • Unique ID input allows running multiple instances on the same chart without interference.
  • Histogram slope color change toggle for visual clarity on trend shifts.
  • Interpolation option for smoothing.
• Alerts and Notifications:
  • Enable/disable alerts for phase changes and slope conditions.
  • Alerts can be sent as on-screen messages, sounds, emails (with proper email setup), and mobile notifications.
  • Alerts can be configured to trigger during candle formation or after candle close.
  • Customizable alert calculation modes for different trading strategies.
• Signal Display Customization:
  • Enable/disable visual buy/sell signals on the chart.
  • Adjust signal distance from candles.
  • Customize buy and sell signal colors.
  • Modify signal shapes and types using MQL code inputs.
• Additional Settings:
  • Overbought and oversold level thresholds adjustable from default +30/-30.
  • Maximum candle history for calculations (default 1,000 candles).
  • Timeout settings for how long signals remain valid (default 4 candles).
  • Customizable alert message subjects.

Summary:

This tutorial thoroughly explains how to install, configure, and effectively use the CIBD Demand Index Divergence Indicator on MT4/MT5. It highlights the indicator’s ability to detect buying/selling pressure, identify divergences, and provide actionable buy/sell signals with high customization and alert options. The video encourages users to experiment with settings to tailor the indicator to their trading strategies.

Main Speaker/Source:

• The presenter is a representative or creator associated with TFlab, providing a step-by-step explanation and walkthrough of the indicator’s features and settings.