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DowgatorPro2 Dow Theory Multi Timeframe Panel MT4

40 USD

Published: 24 September 2026

Current version: 1.12

DowgatorPro2 Dow Theory Multi Timeframe Panel MT4

Indicators
Naoto Shimoda
Naoto Shimoda
MetaTrader 4/5 Indicator & EA Developer at FX.Hamrat

Japan

316
FX.Hamrat - MetaTrader 4/5 indicator and Expert Advisor developer based in Japan.
Over 10 years of trading experience (discretionary and systematic), and 90+ MT4/MT5 programs built so far - including 30+ custom-made projects for individual traders.
Version: 1.12
Updated: 29 September 2026
Activations: 10

Dow Theory direction on every timeframe, in one panel.

DowgatorPro2 finds swing highs and lows automatically and judges the Dow Theory direction (up or down) with confirmed bars only. The result is drawn on the chart and summarized in a small panel for M1 to D1, so you do not have to switch timeframes to know which way each one is pointing.

What you see on the chart

Dow Theory line: swing highs and lows joined by a line. You choose how many bars on each side define a swing, and whether wicks or bodies are used.
Direction moving average: blue while the direction is up, red while it is down. Small arrows mark bars that broke the last swing; a large arrow marks the first bar of a reversal.
Reversal line: a dashed line at the price where the current direction would flip (the swing low while up, the swing high while down).
Higher timeframe overlay (MTF): the direction of a higher timeframe (M5 to MN) drawn on the same chart, for example H1 on an M5 chart or D1 on an H1 chart.
Panel: directions of M1, M5, M15, H1, H4 and D1 plus the control buttons. Drag the title bar to move it, click [-] to collapse it into one line.

Alerts

Reversal alert when the previous bar changed the direction.
Alignment alert when the timeframes you choose (for example M15, H1 and H4) all point the same way.
Alert window, e-mail and push notification to the MetaTrader mobile app.

Details

Calculation uses confirmed bars only. Past arrows and lines do not change after the bar closes.
Works on any symbol and any timeframe.
Panel language: English or Japanese.
No DLL, no external connection.

Inputs (main)

Swing bars on each side (default 3)
Bars to calculate (default 10,000)
Higher timeframe values: closed bars only (default) or include the forming bar
MA period, method and price for the direction moving average
Alignment alert timeframes (M15, H1, H4 by default)
Reversal line: show, color, text size
Colors and widths of lines and arrows
Panel: show and language

Notes

This indicator shows the state of the market. It does not place trades and does not guarantee any result.
The demo version runs only in the Strategy Tester (visual mode).

more...

Screenshot #1 DowgatorPro2 Dow Theory Multi Timeframe Panel MT4

Screenshot #2 DowgatorPro2 Dow Theory Multi Timeframe Panel MT4

Screenshot #3 DowgatorPro2 Dow Theory Multi Timeframe Panel MT4

Screenshot #4 DowgatorPro2 Dow Theory Multi Timeframe Panel MT4

Screenshot #5 DowgatorPro2 Dow Theory Multi Timeframe Panel MT4

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The levels of higher timeframes, on the chart you are watching. LineTraderPro2 finds swing highs and lows with Dow Theory rules and draws horizontal lines at the levels the market watches, for any of 20 timeframes from M1 to W1. Each line is labeled with its timeframe (H1, D1 and so on) and the date of the swing, so you can see at a glance which timeframe a level belongs to without switching charts. What you see on the chart Horizontal lines: the swing highs above the price and the swing lows be

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Dow Theory direction on every timeframe, in one panel. DowgatorPro2 finds swing highs and lows automatically and judges the Dow Theory direction (up or down) with confirmed bars only. The result is drawn on the chart and summarized in a small panel for M1 to D1, so you do not have to switch timeframes to know which way each one is pointing. What you see on the chart Dow Theory line: swing highs and lows joined by a line. You choose how many bars on each side define a swing, and whether wicks or

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DowgatorPro2 Dow Theory Multi Timeframe Panel MT4

Naoto Shimoda