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Multi-timeframe Trend Analysis Indicator

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Multi-timeframe Trend Analysis Indicator

  • Overview
  • How to install
  • How to set up
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Technical Sub-chart
MT4 MT5

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Multi-timeframe trend analysis indicator displays up to 7 technical indicators with different timeframes and symbols on a single chart. From stochastics to MACD, you can check up to 7 trend indicators with different timeframes and symbols simultaneously. The trend of each indicator is shown with an upward or downward finger, helping you grasp the overall trend of the market at a glance.

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Features

Display 7 technical indicators

Use the multi-timeframe trend analysis indicator to show up to 7 technical indicators with different timeframes and symbols on a single panel.

Displaying the multi-timeframe trend analysis indicator Displaying the multi-timeframe trend analysis indicator
Technical indicator Details
STOCH
(Stochastics)
Determines when a symbol has moved into an overbought or oversold position based on high, low, and current price during a certain timeframe. Value of %K is displayed on the panel.
MA
(Moving average crossover)
Determines the trend based on the positions of the short and mid term MAs. Value on the panel indicates when the last trend change occurred.
MACD Determines the trend based on the difference between long and short term exponential moving average (EMA). Value of MACD is displayed on the panel. Since the value is often extremely small, the decimal point is moved up 4 places.
ADX Determines the strength of the trend based on high and low prices during a specific timeframe. Value of ADX is displayed on the panel.
CCI Determines if the symbol is overbought or oversold based on "Typical price (TP)", which is the sum of high, low, and closing price divided by 3. Value of CCI is displayed on the panel.
RSI Determines if the symbol is overbought or oversold based on fluctuation during a specific timeframe. Value of RSI is displayed on the panel.
PSAR
(Parabolic SAR switch)
Determines the trend using a series of dots. Value on the panel indicates when the last trend change occurred.
caution Takes a few seconds to be ready

This indicator requires a complicated series of calculations. It may take a few seconds for the values to appear.

Each technical indicator can be turned "ON" and "OFF" from parameter settings to your liking.

For MA (moving average crossover) and PSAR (parabolic SAR switch), the value displayed indicates when the last trend change occurred, not the indicator itself.

For instance, if MA (moving average crossover) displays a value of "10", it means that the last trend change occurred between the 11th and 10th candlesticks ago.

How to find the point of trend change How to find the point of trend change
caution Some parameters cannot be changed

Adjustable parameters of the multi-timeframe trend analysis indicator are mostly the same as the ones found in MetaTrader5. However, certain parameters such as "Applied price field" cannot be changed.

Upward/downward trend signs and analysis mark

In addition to displaying the values of the technical indicators, the tool offers additional features to help you read the market trend.

Number

Item name

Description

1

Upward/downward trend signs

Displays an orange and blue finger mark for an upward and downward trend respectively.

2

High/low price levels

For the 3 technical indicators (stochastics, CCI, RSI), where information on high/low price levels is important, the value is displayed in red whenever it goes over or under a specified value.

Image with values of the indicators Image with values of the indicators

Use these features to detect trend changes across multiple technical indicators so you can take advantage of another opportunity. Anticipate trend changes using high/low price level alerts.

caution High/low price levels are important for CCI and RSI

Information regarding high/low price levels, shown in red, is extremely important for oscillators such as CCI and RSI. By default it shows an upward arrow when the value is 0+ and 50+ for CCI and RSI respectively, and a downward arrow in other cases. Beware of trend change when the value is displayed in red, regardless of the color of the arrow.

Upward/downward trend signs and high/low price levels will be displayed when the criteria below are met.

Technical indicator Sign display condition
STOCH
(Stochastics)
Orange (upward): %K≧%D
Blue (downward): %K<%D
The value will be shown in red if the current value of %K is either "20 or below" or "80 or above".
MA
(Moving average crossover)
Orange (upward): Short-term MA≧Mid-term MA
Blue (downward): Short-term MA<Mid-term MA
MACD Orange (upward): MACD≧signal
Blue (downward): MACD<signal
ADX
(ADX crossover)
Orange (upward): +DI≧-DI
Blue (downward): +DI<-DI
CCI Orange (upward): CCI≧0
Blue (downward): CCI<0
The value will be shown in red if the current value of CCI is either "at or above the threshold 1" or "at or below the threshold 2".
RSI Orange (upward): RSI≧50
Blue (downward): RSI<50
The value will be shown in red if the current value of RSI is either "at or above the threshold 1" or "at or below the threshold 2".
PSAR
(Parabolic SAR switch)
Orange (upward): Current PSAR<current rate
Blue (downward): Current PSAR>current rate

Multi-symbol mode is available

To use the multi-timeframe trend analysis indicator, you can choose from two modes: "multi-timeframe mode" and "multi-symbol mode".

Multi-timeframe mode allows the user to display multiple technical indicators for different time frames on a specified symbol, helping you spot signals spread throughout different time frames.

Multi-symbol mode allows the user to display multiple technical indicators for different symbols on a specified time frame. Useful for when you want to monitor multiple symbols simultaneously.

Multi-timeframe and multi-symbol Multi-timeframe and multi-symbol

You can select up to 7 different time frames and symbols. If you only need a few, you can adjust the window width to your liking.

caution Restriction on window width adjustment in MT5

Turn the "Automatically adjust window width" to "OFF" if you wish to adjust the width of the sub-window manually. Note that in MetaTrader5, the parameter must be set to "OFF" when applying this indicator to the chart.

Due to technical reasons, you cannot change this parameter afterward in MetaTrader5. If you had the parameter set to "ON" when applying the indicator, you must delete it and start over. Note that this is not the case with MetaTrader4.

How to install
How to set up

How to install

To use the multi-timeframe trend analysis indicator, install the "【Myforex】Multi-timeframe Trend Analysis Indicator" file on MetaTrader4/MetaTrader5.

Step 1

Click "File" from the menu bar at the top of MetaTrader4/MetaTrader5 and choose "Open Data Folder".

Open data folder

Step 2

After opening the data folder, double-click the folder "MQL5 (MQL4 for MetaTrader4)" in it to open it.

Open MQL5 file

Step 3

Double-click to open "Indicators" folder in the MQL5 file.

Open Indicators

Step 4

Save the "【Myforex】Multi-timeframe Trend Analysis Indicator" in the "Indicators" folder.

Save indicator

Step 5

Once the file is in the folder, right-click "Indicators" in the Navigator and choose "Refresh" from the displayed menu.

Refresh indicator

Step 6

After checking that the multi-timeframe trend analysis indicator is shown in the "Indicators" of the Navigator, apply it to a chart by double-clicking or dragging and dropping.

Apply the multi-timeframe trend analysis indicator Apply the multi-timeframe trend analysis indicator

Step 7

Refer to the "How to set up" page to make further settings in the "Inputs" tab, then click "OK".

Displaying parameter Displaying parameter

Step 8

The multi-timeframe trend analysis indicator is applied to the chart, and the panel will be displayed.

Displaying the multi-timeframe trend analysis indicator Displaying the multi-timeframe trend analysis indicator
caution Window width needs adjustment

Multi-timeframe trend analysis indicator is displayed in a sub-window on the chart. If there aren't enough timeframes/symbols, some of them may be hidden. In that case, set the "Automatically adjust window width" to OFF and adjust the size of the sub-window accordingly. Due to technical reasons, you cannot change this parameter afterward in MetaTrader5. If you had the parameter set to "ON" when applying the indicator, you must delete it and start over.

Overview
How to set up

How to set up

After applying the indicator to the chart, set the parameters according to your style.

Step 1

First, open the "Inputs" tab.

Open Inputs tab

Step 2

Set the parameters as follows.

Parameter settings

General parameters

Number

Item name

Description

1

Mode

Select from "Multi-timeframe mode" or "Multi-symbol mode".

2

Timeframes for multi-timeframe mode

Enter up to 7 different timeframes to be displayed during the multi-timeframe mode. Separate the desired timeframe by a comma.
Example: M1, M5, M15, M30, H1, H4, D1

3

Symbols for multi-symbol mode

Enter up to 7 different symbols to be displayed during the multi-symbol mode. Separate the desired symbol by a comma.
Example: USDJPY, EURUSD, GBPUSD, AUDUSD, NZDUSD, EURJPY, GBPJPY

4

Refresh rate (seconds)

Set the refresh rate of the indicators by seconds.

5

Automatically adjust window width

Turn the feature to automatically adjust the length of the sub-window "ON" or "OFF". If you choose "ON", you won't be able to adjust it manually.

6

Background color

Set the background color for the panel.

caution Restriction on window width adjustment in MT5

If you set the "Automatically adjust window width" to "OFF", you can adjust the sub-window width manually. Note that in MetaTrader5, the parameter must be set to "OFF" when applying this indicator to the chart.

Due to technical reasons, you cannot change this parameter afterward in MetaTrader5. If you had the parameter set to "ON" when applying the indicator, you must delete it and start over. Note that this is not the case with MetaTrader4.

Stochastics

Number

Item name

Description

7

Stochastics display

Select ON to display the stochastics, or OFF to hide it. "Low/High" is used for "Applied price field". When the current price of %K is either " 20 or less" or "80 or more", the value will be displayed in red as a high/low price level.

 

%K period

Set the calculation period for %K.

 

%D period

Set the calculation period for %D.

 

Slowing

Set the calculation period for slow %D.

 

Moving average type

Select the smoothing method to calculate %D.

・Simple:simple moving average
・Exponential:exponential moving average
・Smoothed:smoothed moving average
・Linear Weighted:linear weighted moving average

7

Stochastics display

ストキャスティクスを表示するかを「ON」「OFF」から選択します。「適用価格帯」には「Low/High」が使用されます。%Kの現在値が「20以下」または「80以上」のいずれかの条件を満たした場合、高値圏・安値圏として数値が赤字で表示されます。

%K period

Set the calculation period for %K.

%D period

Set the calculation period for %D.

Slowing

Set the calculation period for slow %D.

Moving average type

Select the smoothing method to calculate %D.

・Simple:simple moving average
・Exponential:exponential moving average
・Smoothed:smoothed moving average
・Linear Weighted:linear weighted moving average

Moving average crossover

Number

Item name

Description

8

Moving average crossover display

Select ON to display the moving average crossover, or OFF to hide it. "Close" is used for "Applied price field".

 

Short-term MA

Set the calculation period for short-term MA.

 

Mid-term MA

Set the calculation period for mid-term MA.

 

Moving average type

Select the MA type.

・Simple:simple moving average
・Exponential:exponential moving average
・Smoothed:smoothed moving average
・Linear Weighted:linear weighted moving average

8

Moving average crossover display

Select ON to display the moving average crossover, or OFF to hide it. "Close" is used for "Applied price field".

Short-term MA

Set the calculation period for short-term MA.

Mid-term MA

Set the calculation period for mid-term MA.

Moving average type

Select the MA type.

・Simple:simple moving average
・Exponential:exponential moving average
・Smoothed:smoothed moving average
・Linear Weighted:linear weighted moving average

MACD

Number

Item name

Description

9

MACD display

Select ON to display MACD, or OFF to hide it. "Close" is used for "Applied price field".

 

Short-term MA

Set the calculation period for short-term MA.

 

Long-term MA

Set the calculation period for long-term MA.

 

Signal

Set the calculation period for MACD signal.

9

MACD display

Select ON to display MACD, or OFF to hide it. "Close" is used for "Applied price field".

Short-term MA

Set the calculation period for short-term MA.

Long-term MA

Set the calculation period for long-term MA.

Signal

Set the calculation period for MACD signal.

ADX

Number

Item name

Description

10

ADX display

Select ON to display ADX, or OFF to hide it.

 

Period

Set the calculation period for ADX.

10

ADX display

Select ON to display ADX, or OFF to hide it.

Period

Set the calculation period for ADX.

CCI

Number

Item name

Description

11

CCI display

Select ON to display CCI, or OFF to hide it. "Typical Price (HLC/3)" is used for "Applied price field".

 

Period

Set the calculation period for CCI.

 

CCI threshold 1

When the CCI value reaches or exceeds the threshold 1, the value will be displayed in red as a high price level.

 

CCI threshold 2

When the CCI value reaches or falls below the threshold 2, the value will be displayed in red as a low price level.

11

CCI display

Select ON to display CCI, or OFF to hide it. "Typical Price (HLC/3)" is used for "Applied price field".

Period

Set the calculation period for CCI.

CCI threshold 1

When the CCI value reaches or exceeds the threshold 1, the value will be displayed in red as a high price level.

CCI threshold 2

When the CCI value reaches or falls below the threshold 2, the value will be displayed in red as a low price level.

RSI

Number

Item name

Description

12

RSI display

Select ON to display RSI, or OFF to hide it. "Close" is used for "Applied price field".

 

Period

Set the calculation period for RSI.

 

RSI threshold 1

When the RSI value reaches or exceeds the threshold 1, the value will be displayed in red as a high price level.

 

RSI threshold 2

When the RSI value reaches or falls below the threshold 2, the value will be displayed in red as a low price level.

12

RSI display

Select ON to display RSI, or OFF to hide it. "Close" is used for "Applied price field".

Period

Set the calculation period for RSI.

RSI threshold 1

When the RSI value reaches or exceeds the threshold 1, the value will be displayed in red as a high price level.

RSI threshold 2

When the RSI value reaches or falls below the threshold 2, the value will be displayed in red as a low price level.

Parabolic SAR

Number

Item name

Description

13

Parabolic SAR display

Select ON to display parabolic SAR, or OFF to hide it. "Low/High" is used for "Applied price field".

 

Step

Set the size of the acceleration factor for the parabolic SAR.

 

Maximum

Set the maximum acceleration factor for the parabolic SAR.

13

Parabolic SAR display

Select ON to display parabolic SAR, or OFF to hide it. "Low/High" is used for "Applied price field".

Step

Set the size of the acceleration factor for the parabolic SAR.

Maximum

Set the maximum acceleration factor for the parabolic SAR.

caution Short refresh interval may slow MT4/5

If you set a small value for the "Refresh rate (seconds)", MetaTrader4/MetaTrader5 may run slower than usual. The performance depends on your PC specifications, so please check your optimal settings beforehand for the best experience.

Overview
How to install

Date

Created

 : 2022.06.29

Update

Last updated

 : 2022.06.29


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