Summary of "📈 Leman Signal Indicator for MetaTrader 4/5 Download – Free [TradingFinder]"

Summary

The video introduces the Leman Signal Indicator available for MetaTrader 4 and MetaTrader 5 platforms, downloadable from the TradingFinder website. This indicator is designed as a trend-following tool that generates buy and sell signals based on current price action and trend direction, helping traders enter positions aligned with the prevailing market trend.

Key Features & Functionality

Generates buy signals during uptrends and sell signals during downtrends.
Signals appear directly on the price chart.
Can be activated by dragging the indicator file onto the chart from the navigator panel.

Settings & Customization

Alert Notifications: Can be enabled or disabled. When enabled, users receive notifications for generated signals.
Email Notifications: Option to send alerts to email after configuring email settings under Tools > Options.
Mobile Push Notifications: Can be enabled to receive alerts on mobile devices.
Alert Interval: Default is set to 4 candles, meaning alerts remain valid and active for four candles after the signal appears.
Alert Subject Customization: Users can customize the subject line of alert/order messages.
Calculation Period Length: Controls the sensitivity and frequency of signals.
- Higher period values (e.g., 50) produce fewer but more reliable, longer-term signals.
- Lower values generate more frequent, shorter-term signals.

Methodology

The indicator provides trend-following signals aligned with the current price trend:

Enter buy positions on buy signals during uptrends.
Enter sell positions on sell signals during downtrends.

Disclaimers

No explicit financial advice or performance guarantees are mentioned. Users are encouraged to test and customize settings according to their trading style.