Understanding Multi-Time Frame Indicators in MetaTrader 4

Mike 2023.12.07 18:16 22 0 0
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If you're diving into the world of trading, using multi-time frame indicators can really sharpen your edge. This indicator is designed to be newbie-friendly and illustrates how a multi-time frame setup can work using recursion.

The beauty of this indicator lies in its flexibility. The function that handles the calculations can be easily swapped out, allowing for customization to suit your trading style.

Moreover, the functionality that pulls in multi-time frame data is handy, and with a bit of tweaking, you can even create implementations for multiple currency pairs.

Latest Update (February 6, 2024): A bug fix has been rolled out to improve the synchronization of upper time frame values. Plus, the indicator now relies on the closing prices of previous bars, which is a smart way to dodge the erratic price movements of the current bar.


 Indicator graph showing average of 4 built-in oscillator values.


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