MTF Trend Indicator is an indicator that can tell you the trend directions on multiple (4) time frames without having to keep switching between them
you can set 4 different time frames you want to monitor in the settings. time frame 1 is the first bar, 2 on the second bard, 3 on the third bar, and the 4th is last
red= downtrend
green= uptrend
orange= sideways...
Features:
- Powerful 2 calculation used in one. Average True Range Multiplier & Sensitivity.
- Clearly shows trend direction, volatility , momentum & sentiment of any financial market.
- Dynamic stop loss levels formed by the help of average true range calculation which are produce right from the long or short signal and does stretch until the opposite directional...
The strategy works with the crossing of two moving averages, slope and basis line of the volatility bands.
when slope crosses up the basis line the signal is buy, when slope crosses down the base line it is sell
the volatility bands represent standard deviations, when the market is flattened it is consolidated
Show Break Out Support or Resistance Alarm
The...
