Multi Symbols Indicator in MT5 - is it possible?

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In MT4 - multiple offline charts can be created with only 1 RangeBar indicator which is attached to M1 regular chart 

For example - created 10 pip RangeBars chart as M21 offline timeframe and 50 pip RangeBars chart as M31 offline timeframe

Then attached Multi Time Frame (MTF) indicator on both offline charts - for example attached MTF MA (Moving Average) indicator on M21 and M31 timeframe

MTF MA indicator in M21 timeframe perfectly displaying Moving Average condition from bigger timeframe (M31)



But by design - offline charts not available in MT5

The work around in MT5 - have to use custom symbols

So created 10 pip RangeBars in MT5 will be EURUSD.10 chart and 50 pip RangeBars will be EURUSD.50 chart

Is it possible MTF MA in EURUSD.10 chart correctly displaying Moving Average condition from EURUSD.50 chart (different symbol)?

If it is possible - then there will be Multi Symbols Indicator in MT5 which is similar as Multi Time Frame (MTF) indicator in MT4

Please guide me - thank you

 
i am confused. do you want a mtf indicator? or a multi symbol indicator?
 
Anton Wibowo: Multi Symbols Indicator in MT5 - is it possible?

Obviously it is possible! Both multi-symbol and multi-timeframe indicators have existed even on MT4.

But, since you are asking about MT5, here are some examples of multi-symbol indicators coded in MQL5 ...

Code Base

Multi-Symbol Momentum

Scriptor, 2018.03.01 11:30

The indicator shows the price increment of eight symbols in one window.

Code Base

Multi Symbol Chart

Ernst Van Der Merwe, 2015.07.22 09:45

All-In-One candlestick chart.

Code Base

Currency Strength Index (CSI)

amrali, 2020.02.15 23:36

Trading the STRONG against the weak!
 
Michael Charles Schefe #: i am confused. do you want a mtf indicator? or a multi symbol indicator?

In MT4 - MTF indicators can be use for regular charts timeframe (M1,M5,M15, H1, H4, etc) and offline charts custom timeframe (M7,M23,M37,M52, etc)

Also in MT4 - Multi Symbols indicators purely for displaying different symbols - not for custom timeframe

But in MT5 - offline charts is not available - the work around MT5 limitation have to use custom symbols

MTF indicators cannot be use for offline charts in MT5 because custom timeframe not available

Must use Multi Symbols indicators because offline charts created in different symbols charts (not in custom timeframe charts as in MT4)


 
Fernando Carreiro #:

Obviously it is possible! Both multi-symbol and multi-timeframe indicators have existed even on MT4.

But, since you are asking about MT5, here are some examples of multi-symbol indicators coded in MQL5 ...

Thanks a lot Fernando for the guidance

 
Anton Wibowo #: But in MT5 - offline charts is not available - the work around MT5 limitation have to use custom symbols

It is not a "limitation". Custom Symbols on MT5 is superior in functionality to that of Offline Charts on MT4.

Anton Wibowo #: MTF indicators cannot be use for offline charts in MT5 because custom timeframe not available

That is an inaccurate statement due to your lack of understanding of how Custom Symbols work on MT5.

Anton Wibowo #: Must use Multi Symbols indicators because offline charts created in different symbols charts (not in custom timeframe charts as in MT4)

Again, it is a lack of understanding. Even on MT4 Offline Charts could be generated with a different symbol name, not just a different faux time-frame.

Custom Symbols on MT5 is an evolution of the Offline Charts with much more functionality and flexibility.

Be it multi-symbol or multi-timeframe, the concept is exactly the same. Calling custom indicators always require both parameters (i.e. Symbol and Time-frame). So, implementing one or the other is exactly the same.

 
Fernando Carreiro #:

It is not a "limitation". Custom Symbols on MT5 is superior in functionality to that of Offline Charts on MT4.

That is an inaccurate statement due to your lack of understanding of how Custom Symbols work on MT5.


Thanks a lot Fernando for the correction
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