Summary of True Strength Indicator for MetaTrader4/5 Download - Free📥 [TradingFinder]

The video presents a tutorial on the True Strength Indicator for MetaTrader 4 and 5, available for download from the TradingFinder website. The main focus is on how to install and utilize the indicator effectively.

Key Financial Strategies and Methodology:

• Installation Process:
  • Download the indicator file from the TradingFinder website.
  • Use the Navigator section in MetaTrader to select and drag the indicator onto the chart.
  • Activate the "Allow DLL Imports" option in the settings before confirming.
• Indicator Functionality:
  • The True Strength Indicator operates as an oscillator displayed in a lower window of the chart.
  • It uses moving averages to depict price trends:
    • Upward trends are shown in blue.
    • Downward trends are shown in brown.
• Customization Options:
  • Users can adjust the settings for two moving averages, including the calculation method based on various price points (closing, opening, highest, lowest).
  • The indicator allows for theme customization with four options: auto, light, dark, and custom.

Steps to Customize the Indicator:

1. Select the desired moving average settings.
2. Choose the calculation method from the available options.
3. Pick a theme for the indicator display (auto, light, dark, or custom).
4. Confirm your selections to apply changes to the chart.

The video concludes by inviting viewers to share their comments and suggestions regarding the tutorial.

Presenters/Sources:

• TradingFinder

Notable Quotes

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Category

Business and Finance

Video