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…
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 Meta Trader 5 chart window. This indicator is highly useful for traders who want to perform efficient multi-timeframe analysis. Read more.. Source link
n 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…