Forex MT4 indicator review – Multi timeframe currencies view

 

Pre-launch Forex MT4 indicator review – Multi-timeframe view of currencies

 

Forex MT4 indicator review - Multi timeframe view of currencies

 

The above table will enable you to monitor the phase of your favorite indicator over a number of time frames for all currency crosses provided by your broker

Setting Options

You can decide which indicator to display:

There are 3 choices:

  • RSI
  • Stochastic
  • CCI
  • MACD

You can also decide which currencies to display

You will also be able to determine the colors used.

Trading warnings

When there are 3 time frames that align a “Potential Trade” warning will be displayed.

The trader can then view the trading charts for potential trades. In general the long time frame provides the direction, the middle time frame the actual time frame for decisions and the short time frame for optimal entries and sometime exits.

Extras

The 3 Relative Strength tables will be included so that you can review the strength and weakness of currencies at the same time as making trading decisions. Click on this link for more inforation:-

The Relative Strength of Currencies MT4 Indicator Course

You will get the Broker spread monitor information as a free inclusion. It will tell you the current spread, the Average spread and the Maximum spread since chart has been open

Total display

Indicator

 

Pre-Launch Feedback

This indicator is expected to be launched in the week ended 17 April

Please use the reply facility below to give any feedback regarding the above indicator. Please let us know where clarification or changes are required.

6 Comments

  • Prabal

    April 10, 2015

    Between Multi-timeframe view of currencies and The 3 Relative Strength tables
    I understand later more and can make effective use of the data.
    Thank You

  • Julian Lo

    April 10, 2015

    A number, for example, -11 for EURUSD 3H in your table, is not very useful unless you indicate if the number was coming down or going up. It would be useful if there was an up arrow next to the number, indicating it was going up from say -30 previously, not coming down from -5. Even though the rating is still in red, the strength is increasing. By the same token, a number in a green box, could have been dropping and losing strength in that currency. So, my suggestion is to add up, down, and flat arrows to show the change of the ratings from the previous ones.

    • Hi Julian

      The more you use these tables the easier it is to extract information.

      The first table gives you that exact information you are looking for. The EUR was -11 in the last 3 hrs but -154 in the last 6 hours so the euro has improved its weak position ( 2 x -11 = -22 which is a lot less than the -154 of the 6 hour reading. As a last resort you can look at the actual chart to see what has happened over the last 6 hours.

  • dean

    April 10, 2015

    Is it FREE indicator or NOT ?

    If Not, how much does it cost ?

    Dean

  • mohammed naseem

    May 1, 2016

    where is the download for this?

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