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Mitimom

The indicator is based on Robert Miner's methodology described in his book "High probability trading strategies" and displays signals along with momentum of 2 timeframes. A Stochastic oscillator is used as a momentum indicator.

The settings speak for themselves
  • period_1 is the current timeframe, 'current'
  • period_2 is indicated - the senior timeframe is 4 or 5 times larger than the current one. For example, if the current one is 5 minutes, then the older one will be 20 minutes
  • The rest of the settings are the settings of the Stochastic Oscillator
Please remember that the indicator is not a trading system, it is only an auxiliary tool. You can read more about the trading system in which this indicator can be included in the book by Robert Miner
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The same indicator as here  https://www.mql5.com/ru/market/product/105089?source=Site+Market+My+Products+Page  but with timeframe change possibility. It is convinient to see picture from different timeframes in the single chart. When using multiple timeframes, it is recommended (A.Elder "The new trading for a living") to adhere to a coefficient of 5 or 6. That is, the two older timeframes for a 5-minute chart will be 30 minutes and 3 hours.
The same indicator as here Скачайте Технический индикатор 'John Carters TTM Squeeze with MACD Multitimeframe' для MetaTrader 5 в магазине MetaTrader Market (mql5.com) , but instead of MACD, Bill Williams' AO (Awesome Oscillator) is used. It goes well with a sleeping Alligator to determine periods of "compression-calm", which may be followed by significant movement. It is useful to use an indicator from a higher timeframe (coefficient 5 or 6) to determine the possible direction of a breakout.
The same indicator that is published here  https://www.mql5.com/en/market/product/105645?source=Site+Market+My+Products+Page , but instead of the MACD, a Stochastic Oscillator is used.  The indicator can be useful for searching for the possibility of opening a position on the Momuntum of multiple timeframes - a method described by Robert Miner in his book "High probability trading strategies". The settings speak for themselves Period - the timeframe for which the indicator is calculated.
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Version 1.1 2024.05.23
Algorithm was improved