• Overview
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Winshots 3 multi timeframe MAs

Purpose:

The function of this indicator is to draw 3 moving averages (MA's) lines on the main MT4 price chart.  

The MA's are from 3 different timeframes specified by the user independent of the chart that is currently displayed.

When you toggle your chart view through different time frames, the 3 MA's will continue to display the MA lines for the time frames specified in the properties.

Example:

The default settings map out three 50 bars MA's for H4, D1 and W1 time frames. During intraday trading on M5/M15 the default settings (MA50 for H4, D1, W1) can assist you in spotting "hard" support/resistance of the higher time frames.

Benefits:

Having visual access to all three MA's for 3 different time frames at all times can better guide you in your trading. 

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5 (1)
Trading in the direction of a strong trend reduces risk and increases profit potential. In general the average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator! After all, the trend may be your friend, but it sure helps to know who your friends are.  ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is
What is a Pivot? A pivot is a significant price level known in advance which traders view as important and may make trading decisions around that level. As a technical indicator, a pivot price is similar to a resistance or support level. If the pivot level is exceeded, the price is expected to continue in that direction. Or the price could reverse at or near that level. What does a Pivot Tell You? There are pivots and pivot points. These terms may mean different things to different people
Trading in the direction of a strong trend reduces risk and increases profit potential. In general the average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator! After all, the trend may be your friend, but it sure helps to know who your friends are.  ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is
The Qualitative Quantitative Estimation (QQE) indicator is a technical analysis tool developed for the MetaTrader 4 (MT4) trading platform. It is designed to help traders identify potential trend reversals and to determine the strength of a current trend. The QQE indicator is calculated based on the Relative Strength Index (RSI) and Moving Average (MA) indicators. The RSI is used to determine the momentum of price movements, while the MA is used to smooth out the price data and identify trends.
Winshots Trade Assistant EA decides when to take the the first trade based on the H1 time frame and the Stochastic indicator.  It is there to assist you in deciding in which direction you should trade as well as managing all the trades you open on the same chart (it's very useful in scalping on lower time frames).  The first trade will always be 1 micro lot, and decision always based on the H1 time frame.  Then your job is to open further trades in the same direction as top ups MANUALLY. However
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80053930 2021.01.29 12:40 
 

bad

Pawel Michalowski
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Reply from developer Pawel Michalowski 2021.07.29 23:19
well that's a very unhelpful statement ... perhaps you could tell me what it was that you didn't like and we could see if either A) I can help you understand how to use the indicator properly or B) I could add some changes ... saying "bad" and nothing else doesn't help anyone
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