RelicusRoad Multi Timeframe Levels MT5
- Indicators
- Version: 2.297
- Activations: 10
RelicusRoad Multi Timeframe Levels is a multi-timeframe support and resistance indicator for MetaTrader 4 and MetaTrader 5 that draws the latest swing high and swing low from H1, H4, D1, W1 and MN1 as horizontal lines on the chart you are trading.
Each of those five timeframes contributes one resistance line and one support line, so an intraday chart carries up to ten lines. Every line is colored by the timeframe it came from, which keeps the higher-timeframe swings in view without switching charts.
How it works
For each timeframe in the fixed set, the indicator searches back from the most recent bars for the newest five-bar fractal: a bar whose high is not exceeded by the two bars on either side. That high becomes the resistance line for the timeframe, and the same test on lows gives the support line. A timeframe is used only when it is equal to or higher than the chart timeframe, so the set you see depends on the chart:
- M1, M5, M15 and M30 charts: all five source timeframes, from H1 up to MN1.
- H1 chart: H1, H4, D1, W1 and MN1, because the chart's own timeframe is included.
- H4 chart: H4, D1, W1 and MN1, with the H1 lines hidden.
- D1 chart: D1, W1 and MN1.
- W1 and MN1 charts: only the weekly and monthly pairs, or only the monthly pair.
There is no strength score, grade or zone width. Each line is simply the price of the newest fractal on its timeframe, and it moves when a newer fractal forms. The lines are recalculated when a new bar opens on your chart, not on every tick.
What it draws
- Resistance lines: the high of the newest five-bar fractal on each source timeframe.
- Support lines: the low of the newest five-bar fractal on each source timeframe.
- Timeframe colors: H1 green, H4 gold, D1 dark orange, W1 red and MN1 firebrick, with both lines of a timeframe sharing its color.
- Line style: thin dash-dot-dot horizontal lines across the full chart width, drawn behind the price bars.
- Object names: each line is named after its timeframe and side, for example H4 Resistance, as listed in the terminal object list.
- Nothing else: no text labels, arrows, zones or signals are drawn.
Reading the chart
Read the color first. A gold line is the latest H4 swing and a red line the latest weekly swing. When two colors sit close together, two timeframes have recent swings near the same price. The indicator does not detect or highlight that overlap; the lines are simply drawn on top of each other and the judgment is yours.
The words support and resistance describe how a line was found, not where it sits now. The code does not check whether price has since broken the level, so a resistance line can end up below the current price and a support line above it.
Changing the chart timeframe rebuilds the set. Moving from M15 to H4, for example, removes the two green H1 lines and keeps the H4, D1, W1 and MN1 pairs.
Inputs
There is nothing to tune. These parts are fixed in the code:
- Source timeframes: H1, H4, D1, W1 and MN1; M1 to M30 are never used as a source.
- Swing rule: a five-bar fractal, two bars on each side of the swing bar.
- Lines per timeframe: one support and one resistance, the most recent of each.
- Colors and line style: set per timeframe as listed above and not adjustable.
What the inputs window shows:
- Maximum bars calculations: the only input, 5000 by default; the fractal search does not use it, so changing it does not move the lines.
Recommended use
Works on forex, gold (XAUUSD), indices and crypto. Most useful on charts from M1 to M30, where all five source timeframes are drawn and higher-timeframe swings are hardest to see.
Common questions
Can I choose which timeframes are shown? No. The set is fixed to H1, H4, D1, W1 and MN1, and the chart timeframe decides which of them appear.
Does it mark confluence between timeframes? No. Each timeframe's pair of lines is drawn on its own. Lines from two timeframes that land close together are visible on the chart, but nothing scores or highlights them.
Why did a line jump to another price? Either a newer fractal formed on that timeframe, or the still-forming higher-timeframe bar went beyond the last fractal and cancelled it, which moves the line back to an older swing.
Why is there only one line of each kind per timeframe? The indicator shows the most recent swing high and swing low only, not a ladder of older levels.
About and support
Higher-timeframe level detection is one of the multi-timeframe modules in RelicusRoad Pro, published separately for traders who want those swing levels on a lower chart. It runs standalone.
Questions and support are handled in the product comments and through the mql5.com messaging system.
