Summary of "🌟 Pretty T3 Indicator for MT4/5 – Free – [TradingFinder]"

Pretty T3 Indicator Overview

The video introduces the Pretty T3 Indicator, which is available for free download on the TradingFinder website for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. This indicator is a specialized moving average tool designed to help traders identify price trends and generate buy or sell signals with improved accuracy compared to classic moving averages.

Key Features and Usage

The indicator plots an advanced moving average line on the price chart that changes color to indicate trend direction:
- Blue line: Buy signals (price making higher highs and higher lows).
- Red line: Sell signals (price making lower highs and lower lows).
Traders can enter long positions when the line changes from red to blue.
Traders can enter short positions when the line changes from blue to red.
Multiple buy or sell signals may appear and can be used for trade entries.

Inputs and Customization Parameters

Calculation Period: Adjusts the timeframe analyzed by the indicator.
- Higher values correspond to longer-term trend analysis.
- Lower values correspond to shorter-term trend analysis.
T3 Amplification Coefficient (T3 amp): Multiplies the moving average value to detect trend changes earlier, helping identify potential reversals.
Calculation Basis: Choice of price used for calculations, including close, open, high, low, median, typical, or weighted prices.
Price Shift: Number of candles to shift the indicator to prevent repainting or redrawing on the last candle.
Maximum Candles to Analyze: Default is 1,000 candles back from the current candle.
Alert Settings:
- Enable or disable alerts when the moving average line changes color.
- Options to send alerts via email or mobile notifications (email setup required).
- Time interval between alerts (default is 4 candles).
- Custom alert message and subject can be set.

Methodology / Framework for Use

Download and load the indicator on MT4 or MT5.
Observe the color changes of the T3 moving average line.
Enter buy positions when the line changes from red to blue.
Enter sell positions when the line changes from blue to red.
Adjust input parameters based on your trading style (short-term vs long-term).
Optionally, enable alerts for timely notifications.

Disclaimers

The video does not provide explicit financial advice. The indicator is a tool to assist trading decisions and should be used alongside other analysis methods.

Assets, Instruments, and Sectors

No specific tickers, assets, sectors, or instruments are mentioned.
The indicator applies broadly to any price chart on MT4/MT5, including forex, stocks, commodities, indices, and cryptocurrencies.

Presenter / Source: TradingFinder (YouTube channel)