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Showing posts with label Forex Trading Signals. Show all posts
Showing posts with label Forex Trading Signals. Show all posts

William's Percent Range Multi-Timeframe Indicator for MT5

Author: Roberto Jacobs (3rjfx) | Featured on Forex Home Expert

1. Introduction

The Williams' Percent Range (WPR) is a highly respected momentum oscillator used by technical analysts to identify overbought and oversold conditions. However, the standard MetaTrader 5 (MT5) version of this indicator often confuses traders because it utilizes negative values (ranging from 0 to -100).

So, the value of the Williams’ Percent Range Multi-Timeframe indicator in the WPR_MTF indicator is not obtained using the Indicator Handle. Instead, the structure and code of the Williams’ Percent Range indicator because I created the iWPR Plus code, so I can write the code directly in the function.



Parabolic SAR Multi-Timeframe Indicator for MT5

Author: Roberto Jacobs (3rjfx)

1. Introduction

The Parabolic SAR (Stop and Reverse) is a staple in technical analysis, primarily used to identify trend direction and potential reversal points. However, trading based on a single timeframe often leads to "market noise" and false signals.

The SAR_MTF indicator, created by Roberto Jacobs, addresses this limitation by scanning and calculating Parabolic SAR values across 21 different timeframes simultaneously—ranging from M1 to Monthly (MN1). By aggregating this data into a single interactive dashboard, traders gain a bird's-eye view of the market trend across the entire spectrum of time.



Relative Strength Index Multi-Timeframe Indicator for MT5

Author: Roberto Jacobs (3rjfx)

RSI_MTF is a technical indicator based on the Relative Strength Index (RSI) designed to display RSI signals from multiple timeframes simultaneously within a single MetaTrader 5 chart window. This indicator is highly useful for traders who want to perform efficient multi-timeframe analysis.



Money Flow Index Multi-Timeframe Indicator for MT5

Author: Roberto Jacobs (3rjfx)

Introduction

The Money Flow Index Multi-Timeframe (MFI_MTF) Indicator for MetaTrader 5 calculates and scans the Money Flow Index (MFI) on all 21 standard MT5 timeframes (M1 … MN1) and displays per-timeframe signals directly on the chart. The indicator creates a native iMFI handle for every timeframe, draws Wingdings arrow labels per timeframe, and computes a single consensus summary signal (exported as PowerMove[]) when a dominant directional majority exists. An on-chart clickable panel allows instant timeframe switching without reattaching the indicator.



Commodity Channel Index Multi-Timeframe Indicator for MT5

Author: Roberto Jacobs (3rjfx)

1. Introduction

The Commodity Channel Index Multi-Timeframe (CCI MTF) Indicator for MetaTrader 5 provides a comprehensive and compact way to read CCI momentum across all 21 standard timeframes (from M1 to MN1) on a single chart. Instead of switching charts and guessing whether shorter- or longer-term momentum supports your idea, this indicator calculates CCI on each timeframe independently and summarizes directional momentum with per-timeframe arrows plus a majority-based summary signal.



Fractals Multi-Timeframe Indicator for MT5 — Complete Guide

Author: Roberto Jacobs (3rjfx)

1. Introduction

Fractals are one of the classic tools introduced by legendary trader Bill Williams. These simple yet powerful markers are used to identify local swing highs and lows in price action. When used correctly, Fractals can help traders pinpoint reversal areas or breakout setups.

However, Fractals plotted on lower timeframes are often prone to noise and false signals. This is where the concept of multi-timeframe analysis becomes important.



Average Directional Movement Index Multi-Timeframe Indicator for MT5

Author: Roberto Jacobs (3rjfx)

Introduction

The Average Directional Movement Index Multi-Timeframe (ADX MTF) Indicator for MetaTrader 5 provides directional signals from all 21 standard timeframes, ranging from M1 to MN1.

For each timeframe, it displays a directional arrow object (`OBJ_ARROW`) using Wingdings character 108:

🟢 Green arrow = upward ADX signal
🔴 Red arrow = downward ADX signal

After gathering these signals, the indicator calculates a consensus summary using a unique logic:
If the number of **up** signals is greater than **down + 1**, the indicator plots a larger **Wingdings 217** upward arrow * If the number of **down** signals is greater than **up + 1**, it plots a larger **Wingdings 218** downward arrow



On Balance Volume Multi-Timeframe Indicator for MT5

Author: Roberto Jacobs (3rjfx)

In this article, I will discuss the creation of the On Balance Volume Multi Timeframe indicator for MT5. This indicator will calculate the comparison of OBV movements in percentage terms across 21 different timeframes, ranging from M1 to MN1.

The On Balance Volume Multi-Timeframe indicator for MT5 (OBV_MTF) utilizes a template and displays a panel on the chart. Its function, operation, and usage are identical to the Strength of Price Movement Multi Timeframe indicator (SPM_MTF) as detailed in the previous article. For a comprehensive guide on creating a multi-timeframe indicator, you can refer to the following resources: Strength of Price Movement Multi Timeframe indicator for MT5



Strength of Price Movement Multi Timeframe indicator for MT5

Author: Roberto Jacobs (3rjfx)

In this article I will discuss about making the Strength of Price Movement Multi Timeframe indicator for MT5, where the indicator will calculate price movement comparison in percent on each timeframe, in this case 21 timeframes from M1 to MN1.

Introduction to the Multi-Timeframe Indicator for MT5.

The multi-timeframe (MTF) indicator is an incredibly useful tool for forex traders. It allows traders to view market conditions from various timeframes on a single chart, enabling them to make more informed decisions based on a broader perspective of market trends.

Key Functions of the MTF Indicator.



Part 1 - How to create a Multi-Currency Expert Advisor with Moving Average Crossover Signal in MQL5

Author: Roberto Jacobs (3rjfx)

Introduction of Multi-Currency Expert Advisor.

While this article focuses on the Three Moving Average Crossover, it is important to note that the implementation of a multi-currency expert advisor follows the same principles and templates as outlined in my previous articles. For a detailed guide on creating a multi-currency expert advisor, you can refer to the following resources

How to create a simple Multi-Currency Expert Advisor using MQL5 with Zigzag and RSI Indicators Signal: This article provides a comprehensive guide on building a multi-currency expert advisor using MQL5, leveraging Zigzag and RSI indicators for signal generation. The step-by-step approach ensures you can easily adapt these techniques for various trading strategies.