Summary of 📌Judas Swing Indicator (ICT) for MT4/5 Download - Free - [TradingFinder]
The video tutorial discusses the ICT Swing Separator Indicator for MetaTrader 4 and 5, highlighting its functionalities and how to effectively utilize it for trading.
Main Financial Strategies and Market Analyses:
- Indicator Functionality: The ICT Swing Separator Indicator analyzes charts and identifies swing separators, which help traders recognize buy and sell signals.
- Market Timing: The indicator is designed to operate primarily during the New York session, providing signals based on market movements.
- Signal Generation:
- Breakout Signals: The indicator identifies two Breakout Signals—one upward and one downward. The first breakout indicates the initial signal, while the second breakout confirms the opposite direction.
- Fair Value Gap (FVG): The indicator looks for fair value gaps, waiting for price action to enter these ranges before issuing trading signals.
- Retracement Confirmation: It requires confirmation through price retracement before sending buy or sell signals.
Step-by-Step Guide to Using the Indicator:
- Download and Install: Obtain the indicator from the TradingFinder website and install it on MetaTrader 4 or 5.
- Enable Settings: In the Navigator section, select the indicator and drag it onto the chart. Ensure to enable "Allow DLL Imports" in the common settings.
- Signal Analysis:
- Wait for the first breakout signal.
- Look for the second breakout signal in the opposite direction.
- Identify a Fair Value Gap (FVG) and wait for price to enter its range.
- Monitor for a retracement; if the candle closes below the FVG level, a sell signal is issued. Conversely, if the FVG is upward and the price breaks upward, a buy signal is confirmed.
- Display Settings: Customize the appearance of the indicator using dark, light, or auto themes.
- Market Timing: Set the start and end times for the New York market to optimize signal generation.
Presenters/Sources:
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Category
Business and Finance