✨Market Crash Alert Indicator for MetaTrader 5/4 - Free Download [TFlab]✨

The video presents the Market Crash Alert Indicator designed for MetaTrader 4 and MetaTrader 5 platforms, available for free download on the Trading Finder website. Key points include:

• Functionality & Usage:
  • The indicator is loaded onto charts via the MetaTrader navigator by dragging the file onto the chart.
  • It displays a histogram window below the chart that highlights large directional candle movements (large bullish or bearish candles).
  • The histogram values reflect the strength and direction of price movements:
    • Positive and increasing histogram values indicate strong bullish candles.
    • Negative values, shown in red, indicate strong bearish candles.
  • Traders can set alert thresholds based on candle movement magnitude to receive notifications when significant price steps occur.
• Settings:
  • Two main inputs:
    1. Number of candles to analyze (default 1,000).
    2. Alert threshold for movement steps (default 1,000), adjustable depending on the trading symbol and desired sensitivity.
• Target Users:
  • Price Action Traders and those who analyze Market Movement Legs can benefit from this tool to monitor and receive alerts on significant market moves.
• Additional Notes:
  • The tutorial encourages users to adjust alert thresholds according to their trading instruments to avoid unnecessary alerts.
  • Viewers are invited to share feedback and suggestions in the comments.

Main Speaker/Source

• The tutorial is presented by the TFlab channel or team, associated with the Trading Finder website.