Summary of "馃搳 TRO Midpoint Indicator for MetaTrader 4/5 Download - [TradingFinder]"
The video presents the TTRO Midpoint Indicator available for download on the TradingFinder website, compatible with MetaTrader 4 and MetaTrader 5 platforms. This indicator helps traders analyze market trends by displaying the Midpoint price, which is the average of the lows of the current and previous candles, directly on the Trading chart.
Main Features and Functionality:
- The indicator shows the median level of the current candle (in aqua blue) and the average level of the previous candle (in purple) on a single candle.
- It allows traders to observe price reactions at these midpoint levels, aiding in technical and price action analysis.
- The indicator helps identify how price interacts with these midpoints, such as opening near or reacting to the midpoint of the previous candle, which can signal potential market moves.
Customization and Settings:
- Users can customize the indicator through four input options:
- Set the code to display the exact midpoint of the current candle.
- Set the code to display the midpoint of the previous candle.
- Change the display type of signals for both current and previous candles using MQL coding.
- Adjust the colors of the midpoint averages for both candles to preferred colors.
Summary of Usage Steps:
- Download the TTRO Midpoint Indicator file from TradingFinder.
- Open MetaTrader 4 or 5 and locate the indicator in the navigator section.
- Drag and drop the indicator onto the desired chart.
- Adjust settings as needed for midpoint calculation and visual preferences.
- Use the midpoint data to analyze price behavior and market trends.
Presented by:
- TradingFinder (no individual presenter named)
Category
Business and Finance
