FX Five Indicator Average Dashboard for MT4

Multi-timeframe dashboard showing the average value of five core momentum indicators across multiple currency pairs to quickly identify overbought and oversold market conditions.

🔹 What the Indicator Does

  • Calculates a single average value of five indicators (0–100)

  • Uses five well-known momentum indicators

  • Displays values across multiple timeframes and symbols

  • Highlights oversold and overbought zones

  • Provides a BUY / SELL decision column based on consecutive timeframe alignment

🔹 Indicators Used (AverageFive)

  • Relative Strength Index (RSI)

  • Stochastic Oscillator

  • Money Flow Index (MFI)

  • Williams’ Percent Range (WPR), normalized to 0–100

  • DeMarker, normalized to 0–100

All five indicators are averaged into one composite value.

🔹 Color Logic

  • Blue (Oversold / BUY)

    • AverageFive value at or below lower threshold

  • Red (Overbought / SELL)

    • AverageFive value at or above upper threshold

  • Neutral (“–”)

    • Value inside normal range

🔹 Decision Column Logic

  • BUY

    • At least N consecutive timeframes below the lower threshold

  • SELL

    • At least N consecutive timeframes above the upper threshold

  • Neutral

    • No sufficient consecutive alignment

🔹 Supported Timeframes

  • M1

  • M5

  • M15

  • M30

  • H1

  • H4

  • D1

  • W1

  • MN1

🔹 Key Features

  • Multi-symbol dashboard view

  • Multi-timeframe analysis

  • Single composite oscillator (0–100)

  • Clean, grid-based visual layout

  • Fast scanning of market extremes

  • Optimized with cached indicator handles

  • Lightweight and non-intrusive

  • No chart clutter

🔹 Input Parameters

  • Dashboard Update Interval

    • Time between dashboard refreshes (seconds)

  • Shift for Calculation

    • 0 = forming candle

    • 1 = last closed candle

  • Period for Calculation

    • Shared period for all five indicators

  • Low Bound Threshold

    • Oversold level

  • High Bound Threshold

    • Overbought level

  • Min Consecutive Timeframes for Decision

    • Number of aligned timeframes required for BUY or SELL decision

  • Dashboard Placement X Coordinate

  • Dashboard Placement Y Coordinate

  • Pairs Column Width

  • Dashboard Cells Width

  • Decision Column Width

  • Dashboard Rows Height

  • Dashboard Text Font Size

  • Oversold Level Color (Buy)

  • Overbought Level Color (Sell)

  • Dashboard Header Color

  • Neutral Zone Color

Pairs

  • Up to 28 symbols

  • Each pair configurable individually

  • Empty fields automatically ignored

🔹 Recommended Usage

  • Market scanning for extremes

  • Multi-timeframe confirmation

  • Trade filtering tool

  • Mean-reversion strategies

  • Momentum exhaustion detection

🔹 Important Notes

  • Indicator does not open trades

  • Indicator does not repaint historical values

  • Best used together with price action or trend context

  • Indicator can be attached to any chart and any timeframe


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Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
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PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
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There is always a need to measure if the market is "quiet" or it is volatile. One of the possible way is to use standard deviations, but the issue is simple : We do not have some levels that could help us find out if the market is in a state of lower or higher volatility. This indicator is attempting to do that : •           values above level 0 are indicating state of higher volatility (=GREEN buffer) •           values below level 0 are indicating state of lower volatility (=RED buffer)
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The indicator displays the horizontal volume profile in the specified area (BOX) and the maximum volume (POC). Product Features. 1. You can use ticks or just price. 2. Adaptive grid spacing (M1-MN). 3. Adaptive high volume (median) search step depending on box size. 4. Automatic chameleon color for box lines and buttons. 5. Multiple boxes, easy to create and delete. 6. 70% volume area (enable in settings). 7. There is an alert for touching the maximum horizontal volume line (POC). 8. VWAP. 9. C
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