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Trade Assistant — Multi-Timeframe Forex Indicator

July 25, 2008 by

Trade Assistant is the second multi-timeframe indicator after TRO MultiPar, which I’ve posted in April. I’ve found this indicator on the forex-tsd.com forums; it was originally created and posted there by Tom Balfe. As with other multi-timeframe indicators it looks very nice and informative with the table output layout of the buy/sell signals. It can be attached to any timeframe chart and it works well with all currency pairs. Trade Assistant will show you the signals for M5, M15, M30, H1, H4 and D1 timeframes. As the base for its signals it uses Stochastic Oscillator, RSI and CCI (Entry and Trend signals). I noticed that when all four indicators show the same signal for the whole timeframe and the neighboring timeframes, it can produce some nice profit. The only problem is that you need to enter positions just right after the signals have switched to a good combination and exit immediately when they have changed. Overall Trade Assistant is one of the most interesting MetaTrader indicators I’ve encountered in months.

Trade Assistant MetaTrader 4 Indicator

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