Free version of the AcChannelMTF indicator (https://www.mql5.com/en/market/product/17036). Works only on NZD/JPY.
AcChannelMTF is the multi-timeframe version of the AcChannel indicator (https://www.mql5.com/en/market/product/16972). The difference is that it is now possible to display a channel from the higher timeframe on the chart. This allow to implement the "Triple screen" strategy, when the trend is analyzed on the higher timeframes first (Н4, D1, W1, MN), and then on the smaller ones. If these trends match, a position should be opened.
The indicator is very easy to use: when the channels from both charts are in the same direction, a trade can be performed.
- PeriodTF - period of the higher timeframe
- ChannelColor - channel color
- ChannelColorTF - channel color of the higher timeframe