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Trade Assistant
Trade Assistant MetaTrader indicator
a multi-timeframe indicator that is based on three standard indicators:
Stochastic, RSI (Relative Strength Index) and CCI (Commodity Channel Index). It
displays current trend directions for M5, M15, M30, H1, H4 and D1. When you
follow such an indicator you have the clear picture of the trends in all
important timeframes. It doesn't matter to what timeframe chart you attach this
indicator. It's also not recommended to change any input parameters. The
indicator can be downloaded for MT4 and MT5.
Input parameters:
- PercentK (default = 8) period in bars for
calculation of the line %K of Stochastic indicator.
- PercentD (default = 3) period in bars for
calculation of the line %D of Stochastic indicator.
- Slowing (default = 3) the value for slowing of
Stochastic indicator.
- RSIP1 (default = 14) period for the first RSI
(fast).
- RSIP2 (default = 70) period for the second RSI
(slow).
- Other parameters represent the symbol codes for the
trend direction arrows. Better leave them alone.
Although it's quite obvious how you can use such an indicator, I suggest
buying and selling only when all indicators signal same direction in your
timeframe and both neighboring timeframes. E.g. go long in M30 timeframe only
if all indicators say BUY there and in both M15 and H1 timeframes.
Downloads:
Trade Assistant for MetaTrader 4 in .zip
Trade Assistant for MetaTrader 4 in .mq4
Trade Assistant for MetaTrader 5 in .zip
Trade Assistant for MetaTrader 5 in .mq5
Discussion:
Warning! Before you ask any basic questions regarding installation of
the indicators, please, read this
MetaTrader 4 Indicators Tutorial or MetaTrader 5 Indicators Tutorial
to get the elementary knowledge on handling them.
Do you have any suggestions or questions regarding this indicator? You can
always
discuss Trade Assistant with
the other traders and MQL programmers on the indicators forums.
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