Summary of ♦️Velocity Arrows Indicator in MetaTrader 4/5 Download-[TFlab]

The video provides a detailed tutorial and guide on the Velocity Arrows Indicator available for MetaTrader 4 and MetaTrader 5 platforms, downloadable from the Trading Finder website. Key technological and functional aspects covered include:

• Installation and Setup:
  Users can download the indicator file and add it to their MetaTrader charts via the Navigator section by dragging it onto the chart. Once running, an oscillator window appears below the price chart.
• Indicator Functionality:
  The Velocity Arrows Indicator is an advanced momentum oscillator featuring two trend lines:
  • Orange line: Slow line
  • Green line: Fast line
  A zero level baseline is used to assess momentum direction and strength:
  • Both lines moving downward below zero indicate strong downward momentum.
  • Both lines moving upward above zero indicate strong upward momentum.
  • Crossovers between the fast and slow lines serve as trade signals:
    • Fast line crossing below slow line = Sell signal (downtrend momentum)
    • Fast line crossing above slow line = Buy signal (uptrend momentum)
• Visual and Analytical Benefits:
  The indicator visually represents market momentum shifts, aiding traders in understanding trend strength and potential reversals.
• Settings and Customization Options:
  
  • Enable/disable alert notifications for line crossovers.
  • Options to send alerts via email (requires prior email setup) or mobile notifications.
  • Timeout and subject parameters for alerts.
  • Adjustable calculation periods for fast and slow lines.
  • Choice of price types for calculations (close, open, high, low, median, typical, weighted).
  • Enable/disable buy and sell signal display on the chart (disabled by default).
  • Control the distance between signals and price handles (adjustable coefficient).
  • Customize colors for buy (upward) and sell (downward) signals.
  • Access and modify underlying MQL code for signal display customization.

The tutorial concludes by inviting viewers to share comments and suggestions.

Main Speaker/Source:

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

Category

Technology

Video