Summary of 📥Unicorn Indicator (ICT) for MetaTrader 4/5 Download - Free - [Trading Finder]📥
The video presents the Unicorn Indicator in the ICT style, available for download for MetaTrader 4 and 5 on the Trading Finder website. It outlines how to utilize the indicator effectively in trading, focusing on its functionality and settings.
Main Financial Strategies and Market Analyses:
- The Unicorn Indicator uses zigzag lines to identify price movements, marking lows and highs and indicating corrections.
- It creates a Fail Value Gap (FWG) when the price breaks pivot levels, establishing a price range that reacts multiple times during bullish trends.
- The indicator visually represents these ranges with colored rectangles, indicating bullish (green) and bearish (brown) trends.
Methodology/Step-by-Step Guide:
- Download the Indicator: Access the Trading Finder website to download the Unicorn Indicator for MetaTrader 4/5.
- Install the Indicator:
- Select the indicator file from the Navigator section.
- Drag the file onto the chart.
- Enable "Allow DLL Imports."
- Configure Indicator Settings:
- Adjust display settings (dark/light themes).
- Set the number of candles for calculations (default is 1,000).
- Toggle visibility for level one and level two zigzag lines.
- Identify Unicorn Ranges: The indicator automatically identifies and displays unicorn patterns on the chart.
- Visual Confirmation: The indicator will show a vertical line marking the start of its calculations.
Presenters/Sources:
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Category
Business and Finance