Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
The indicator shows in one window the trend direction from multiple timeframes. If the trend from several timeframes coincides - arrows are drawn. You can also switch to the histogram, indicating the trend on the current timeframe.
The indicator draws entry points and approximate exit points on the chart.
Warning: since the indicator is multi-timeframe, when using in the strategy tester, quotes for all necessary timeframes should be downloaded in advance. In order not to wait for a long download of quotes in the tester, you can put the start date 2025.01.01 and Model "Open price only" or "Control points".
Features
- This indicator does not redraw. What is displayed on the historical chart will be displayed in real time.
- It can be used to trade any assets: cryptocurrency, stocks, metals, indices, commodities, and currencies.
- Works with all timeframes.
- Signals for entry appear at the opening of a new candle, and are not redrawn.
- Signals for exiting a deal are given tentatively, because often you can close a deal with more profit.
- On the top left there is a detailed panel of transaction statistics, which can be minimized.
- It uses a special formula for calculating the moving average, which determines the direction of the trend.
- In order not to miss the appearance of a signal to enter a trade you can receive a notification in the Alert window and by Push.
- For users of all levels from beginners to experts.
Statistics panel
- The number of days from which the history of signals is taken.
- Total number of signals for which statistics is given.
- Ratio of the number of profitable and unprofitable signals.
- Percentage of profitable signals from the total number of signals.
- Median profit by signal.
- Average profit by signal.
- Total profit for all signals.
- Median loss by signal.
- Average loss by signal.
- Total loss on all signals.
- Current spread.
Settings parameters
| Period | sensitivity of the indicator, the more sensitive the more signals |
| M1-MN1 coincidences | selection of timeframes, on which arrows are drawn when the trend coincides |
| Font size | text size on the statistics panel |
| Show entry/exit points | on/off show entry/exit points |
| Use alert notification | on/off pop-up notification window and sound notification |
| Use push notification | on/off push notification |
Feel welcome to private message me with any questions or difficulties.
