Summary of "📊Tidane Trend Indicator for MT4/5 Download – Free – [TradingFinder]"
The video presents the Tidane Trend Indicator available for free download on the Trading Finder website, compatible with MetaTrader 4 and MetaTrader 5 platforms. It explains how to install and use the indicator effectively for trading by identifying trend directions and generating buy/sell signals.
Main Financial Strategies and Business Trends:
- Trend Following: The indicator detects and displays the current price trend direction, helping traders enter buy or sell positions based on confirmed trend movements and breakouts.
- Dynamic Trailing Stops: Utilizes adjustable trend lines as trailing stop-loss levels that move with the price, securing profits by following the trend upward or downward.
- Signal Confirmation: Clear buy signals occur when price crosses above a red trend line; sell signals occur when price crosses below a green trailing stop line; exit signals trigger when price crosses the red exit line.
Methodology / Step-by-Step Guide to Using the Indicator:
- Download the indicator file from Trading Finder for MT4 or MT5.
- Load the indicator onto your chart by dragging it from the Navigator section.
- Observe buy and sell signals appearing directly on the chart.
- Use the red and green lines as Dynamic Trailing Stops to manage risk and lock in profits.
- Exit trades when the price crosses the designated exit line.
Customization and Settings:
- Bollinger Bands Calculation Period: Default is 20; increasing it targets longer-term trends, decreasing it makes the indicator more sensitive to short-term price changes.
- Bollinger Bands Deviation: Default is 2; adjusting this changes the sensitivity to price movements.
- Offset Factor: Adjusts the distance between indicator lines and price.
- Display Options: Choose to display both signals and stops, only stops, or only signals; lines can be shown or hidden.
- Maximum Candles Checked: Default is 1,000 candles, determining how far back the indicator analyzes price history.
- Alerts: Option to enable alerts for trend changes and buy/sell signals, including email and mobile notifications, with customizable timeout intervals and message subjects.
Presenters / Sources:
- The tutorial is presented by the Trading Finder team, with a demonstration voice guiding through the setup and features.
This summary captures the core functionalities, usage instructions, and customization options of the Tidane Trend Indicator as detailed in the video.
Category
Business and Finance