Summary of 💎 Vertex Point Indicator for MetaTrader 4/5 Download - Free - [TFlab]

The video provides a tutorial and download guide for the Vertex Point Indicator (referred to as the Vortex indicator) compatible with MetaTrader 4 and MetaTrader 5 platforms. Key points include:

• Download and Installation:
  The indicator can be downloaded from the Trading Finder Us website. Users add the indicator to their chart via the Navigator section by dragging the file onto the chart. It is necessary to enable the "Allow DLL Imports" option in the common settings before confirming.
• Indicator Features and Functionality:
  
  • Displays a histogram window at the bottom of the chart to help identify bullish and bearish trends.
  • The histogram also highlights overbought and oversold market areas.
  • Histogram values are calculated by comparing highs and lows of price bars with previous bars, summing closes, averaging them, and then taking a ratio of these values.
• Settings and Customization:
  
  • Users can set the calculation period (default is 14, adjustable; example shown with 21).
  • Four theme/template modes are available:
    • Auto: Changes candle colors (bullish = light green, bearish = light red).
    • Light: Applies a light template to the chart.
    • Dark: Applies a dark template.
    • Custom: Retains the user’s custom chart template and only applies the indicator.
• User Interaction:
  The tutorial encourages viewers to share comments and suggestions.

Main Speaker/Source:

• The tutorial is presented by TFlab, presumably the creators or distributors of the Vertex Point Indicator.

Notable Quotes

— 01:00 — « The Vortex Point indicator is a practical and suitable tool for identifying bullish and bearish Trends in the market. »

— 02:06 — « By selecting the auto option only the color of the candles changes with bullish candles turning light green and bearish candles turning light red. »

— 02:44 — « Well friends we have reached the end of this indicator tutorial we would be happy if you share your comments and suggestions with us in the comments section. »

Category

Technology

Video