Multipair trend indicator forex

You can choose where to go short and where to go long by simply looking at this indicator. It does not matter which currency pair or timeframe you attach this indicator to. It will show everything that is set in its input parameters. TRO MultiPair is a very resource-consuming indicator; you should turn off any timeframes and currency pairs you do not use.

It has a lot of input parameters but only few of them are used for the actual tuning. Just list them with a semicolon as separator. Other parameters — change various visual settings. Trading with this indicator is very intuitive. As you see on the legend, there are weak and strong signals and also neutral signals.

For example, if you want to get an alert when among all currency pairs, the price is above the Ichimoku cloud. What is Alert Gap or Frequency? It is the time gap between two alerts. Input Parameters The indicator has lots of customization options available. Multiple dashboard on same chart Using multiple dashboards on the same chart enables users to track more than 15 instruments default one at a time on the same screen.

Check below three dashboard added on the same chart. Single instrument signal The indicator has a feature where users can choose to show a trend signal one for a single pair which is currently active on the Metatrader 4 chart easily. Changing Timeframe Now changing timeframe is can be done by clicking on the same icon at the right top, which opens a timeframe menu.

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If the moving averages have the same value, the trend is neutral. You can play with the inputs to fit your needs. How to Use the Dashboard This is a day trading dashboard, mostly used for short-term intraday trades. I like to use this type of dashboard to get the general direction of the market. I will make the technical analysis on the highest time frame. Look for support and resistance lines and chart patterns if there are any.

After the confirmation of one of the lines, I will enter the trade in the direction given by the indicator on those time frames. In the following example, I had four consecutive time frames which showed a downtrend. From 1 minute to 1 hour. I waited for the confirmation and entered the sell trade. After the entry, the 4 hours also showed a change in the trend. Therefore, I kept the trade. Now the averages cross back up on the 4-hour chart.

I will wait and see if my trade will be closed or if it will continue to make a profit. The right way to close the trade is when the moving averages cross in the opposite direction. You should look for the exit cross of the day trading dashboard indicator on the same time frame you used to open the trade.

Forex Dashboard Download Now that you have your own trading Dashboard, it is time to proceed with some technical details regarding this very powerful indicator. Dashboard MT4 Inputs I will now name all the inputs of the indicator so you will know what is behind this wonderful tool: X-Axis defines the distance between the selected corner on the X-axes and the dashboard. Y-Axis defines the distance between the selected corner on the Y-axes and the dashboard.

TextColor defines the color of the time frame text. UpTrendColor defines the background panel color for the time frame text when the moving averages determine an uptrend. DownTrendColor defines the background panel color for the time frame text when the moving averages determine a down trend. UpTrendColor defines the background panel color for the time frame text when the moving averages have the same value.

Width defines the background panel width. Text size defines what size the text will be. Corner defines the position of the Forex dashboard on the chart. The rest are the parameters for the two moving averages. You can see in the next image the multiple time frame trend indicator MT4 inputs: Conclusion As traders, our aim is to trade consistently and to minimize the personal interpretation of charts.

The use of indicator-based strategies is part of that. If you manage to do it right, you will be surprised by the results. Our trading results improve, and we are more relaxed during trading hours. Multiple time frame analysis is a must during day trading. Placing it into an easy-to-use dashboard, saves a lot of time that was previously spent on interpreting charts. By using dashboards, you minimize the time that can be now used on finding other trade opportunities. It will give you a lot of suggestions.

Keep in mind that there are three ways to win in this business: be first, be smart, or cheat. Choose wisely. What are you waiting for? This indicator can display trend directions for several currency pairs and on all possible MetaTrader timeframes simultaneously. The indicator is displayed in a separate window of the chart. The legend for the indicator is displayed on the right side of the chart. You can choose where to go short and where to go long by simply looking at this indicator.

It does not matter which currency pair or timeframe you attach this indicator to. It will show everything that is set in its input parameters. TRO MultiPair is a very resource-consuming indicator; you should turn off any timeframes and currency pairs you do not use. It has a lot of input parameters but only few of them are used for the actual tuning.

Just list them with a semicolon as separator.

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