Summary of "BOS-CHOCH with Label indicator (ICT) for MT5/4 馃摜Download - Free[TFLab]"
The video provides a tutorial on the BOS-CHOCH indicator, designed for MetaTrader 4 and MetaTrader 5 platforms, available for download from the Trading Finder website. The indicator helps traders identify breaks of structure and changes of character in the market by marking these points with red and blue lines.
Key Features:
- Indicator Functionality: It identifies four states: major break of structure (BOS), major change of character (CHoCH), minor BOS, and minor CHoCH.
- Display Options: Users can choose between dark, light, and auto themes for the chart. Profit candles turn green, while losing candles turn red.
- Settings:
- Default calculations use 1,000 candles to identify structure breaks.
- Users can switch calculation methods between candle-based and zigzag lines, ensuring correct case sensitivity when changing settings.
- Options to display or hide break of structure and change of character labels are available.
Tutorial Instructions:
- Download the indicator from the Trading Finder website.
- Enable the "allow DLL imports" option in the common settings.
- Drag the indicator file from the Navigator section onto the chart.
- Adjust display settings and the number of candles as needed.
The tutorial concludes by inviting viewers to leave comments and suggestions about the indicator.
Main Speakers/Sources:
- The video is presented by TFLab, focusing on the BOS-CHOCH indicator for traders.
Category
Technology
