Theory:
The RMA indicator, originally detailed in this post, has been enhanced to support multi-time frame analysis. This updated version introduces three unique time frames in addition to the standard ones available in MetaTrader 5:
- Next Higher Time Frame (the first time frame that's above your current chart's time frame)
- Second Higher Time Frame (the second time frame above your current chart's time frame)
- Third Higher Time Frame (the third time frame above your current chart's time frame)
Usage:
You can utilize the RMA just like any standard moving average, providing you with additional insights for your trading strategies.
Comments 0