Summary of Change in State of Delivery (CISD) Indicator on TradingView - Free - [TFlab]

The video discusses the Change in State of Delivery (CISD) indicator, a tool designed for traders using the ICT (Inner Circle Trader) style on TradingView. The indicator helps identify market trends and structural breaks, signaling shifts between bullish and bearish trends.

Main Financial Strategies and Concepts:

• CISD Indicator Usage:
  • The CISD Indicator identifies boundaries in price movements, helping traders recognize market trend changes.
  • It generates signals based on structural breaks, such as a swing failure pattern (SFP) that indicates potential reversals in market direction.

Methodology/Step-by-Step Guide:

1. Accessing the CISD Indicator:
   • Search for "CISD" in the TradingView indicator section to add it to your chart.
   • Use the "Add to Favorites" option for quicker access.
2. Indicator Settings:
   • Adjust settings for past candles (default is 5) to identify CISD levels.
   • Set CISD duration (initially 25 candles) to define the length of trend analysis.
   • Select swing period (initially 50) to determine the length of swings analyzed.
   • Choose the swing identification method (default is "All") and the number of swings to check (initially set to 100).
3. Display Options:
   • Enable or disable status bars and SFP patterns.
   • Customize colors for lines and labels related to the indicator.
4. Trading Signals:
   • Use the generated signals to enter buy or sell trades based on identified trends and patterns.

Conclusion:

The tutorial emphasizes the practical application of the CISD Indicator for traders looking to enhance their market analysis and decision-making processes.

Presenters/Sources:

• TFlab

Notable Quotes

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Category

Business and Finance

Video