Summary of "馃幆 Grucha Percentage Index Indicator in MetaTrader 4/5 Download - Free [TradingFinder]"
Grucha Percentage Index Indicator Overview
The video introduces the Grucha Percentage Index Indicator, a technical analysis tool available for download on the TradingFinder website. It is compatible with MetaTrader 4 and MetaTrader 5 platforms and functions similarly to momentum indicators such as RSI (Relative Strength Index), OBV (On-Balance Volume), and traditional momentum oscillators.
Key Features and Usage
- The indicator appears as an oscillator window below the price chart, displaying two lines (typically red and blue).
- It includes a moving average line based on momentum calculations.
- Trading signals are primarily generated through crossovers of the two oscillator lines:
- Sell signals: Occur when the red line crosses below the blue line, especially during a downtrend characterized by lower highs and lower lows.
- Buy signals: Occur when the price is in an uptrend with higher highs and higher lows; look for upward crossovers to enter buy positions.
- Best used alongside identification of the main market trend to confirm trade entries.
Settings and Customization
- Input 1: Sets the momentum calculation period (length of lookback for momentum).
- Input 2: Sets the moving average calculation period.
- Alert options:
- Enable or disable alerts for oscillator line crossovers (default is off).
- Enable or disable email alerts (requires prior email setup in MetaTrader).
- Enable or disable mobile push notifications.
- Set the alert interval in candle units (default is 4 candles), meaning alerts remain valid for four candles after a crossover.
- Customize the alert message subject.
Recommendations and Cautions
- Use the indicator to time entries aligned with the main trend.
- Alerts can assist in monitoring crossover signals but must be configured manually.
- The indicator is a complementary tool and should be combined with broader market analysis and sound risk management practices.
Disclaimers
No explicit financial advice or guarantees on performance are provided. Users are encouraged to test and adjust settings based on their individual trading style.
Assets and Sectors
- No specific assets or sectors are mentioned.
- The indicator applies broadly to any asset or chart on MetaTrader platforms.
Methodology (Step-by-Step Framework)
- Identify the main trend (uptrend or downtrend) via price action:
- Uptrend: higher highs and higher lows.
- Downtrend: lower highs and lower lows.
- Monitor oscillator lines for crossover signals:
- Red line crossing below blue line = sell signal in a downtrend.
- Red line crossing above blue line = buy signal in an uptrend.
- Optionally enable alerts to track signals in real-time.
- Customize momentum and moving average periods to fit the asset and timeframe.
Presenter / Source
- Tutorial from the TradingFinder website (no individual presenter named).
Category
Finance
