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.
 
Trade Assistant Indicator Example MetaTrader Chart

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! If you do not know how to install this indicator, please read the MetaTrader Indicators Tutorial.

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.