Summary of "⚡️ Trend Power Indicator MT4/5 – Free – [TradingFinder]"

Trend Power Indicator Overview

The video explains the Trend Power Indicator available for MetaTrader 4 and MetaTrader 5 platforms, downloadable from the TradingFinder website. This indicator is designed to identify and display bullish and bearish market trends using moving average lines, aiding traders in timing entries and exits.

Key Features and Methodology

Trend Identification:
- Bullish trends are shown with blue lines.
- Bearish trends are shown with red lines.
- When price crosses below the blue line, a bearish trend starts; a red line appears indicating a sell opportunity.
- When price crosses above the red line, a bullish trend starts; a blue line appears indicating a buy opportunity.
- Price pullbacks to the midline offer opportunities to enter or re-enter trades.
Market Condition Signals:
- Fragmented or discontinuous lines indicate a ranging market.
- Traders are advised to avoid trades until a continuous line appears.
Settings and Customization:
- Calculation period for moving average midline can be set.
- Calculation period for price movement per candlestick is adjustable.
- Parameters related to the ATR (Average True Range) indicator can be configured, including a multiplier (default = 1) affecting line width around the midline.
- Maximum number of candles for trend line calculation and display can be set (default = 2,000 candles).
Alerts and Notifications:
- Alert notifications for trend changes can be enabled or disabled (default off).
- Alerts can be sent via email (requires desktop email setup) or mobile notifications.
- Time interval between alerts is configurable (default every 4 candles).
- Customizable alert messages and subjects.

Usage Recommendations

Enter trades when the trend line is continuous and price pulls back to the midline.
Avoid trading in ranging markets indicated by fragmented trend lines.
Use alerts to stay informed of trend changes.

Disclaimers

No explicit financial advice or performance guarantees are provided. Users should carefully read instructions and customize settings based on their trading style.

Additional Information

Assets, Instruments, or Markets Mentioned: No specific stocks, ETFs, sectors, or financial instruments mentioned. The indicator is generic and applicable across markets on MT4/5.

Presenters/Sources: The tutorial is provided by TradingFinder (no individual presenter named).