Alps Multi timeframes trend and momentum indicator
ALPS is a multi timeframes trend and momentum indicator that lets your profits run.
It combines Gator Oscillator, ADX and RSI over multi timeframes in an innovative way.
You can trade with full confidence on a rapid timeframe chart with insight and benefits of trend and momentum over a larger timeframe.
To keep the chart clear and comprehensible, you can toggle any timeframe ON/OFF instantly at any time point.
Different color trend bars mark slow, normal or strong trend based on ADX.
Overbought or oversold based on RSI is highlighted on momentum line.
Ranging or slow trends can be easily identified.
Last but not least, this indicator enables you to better use your screen area to trade more currency pairs at a time.
Applied price (PRICE_CLOSE)
1st timeframe (PERIOD_M1)
Chart will be set to this smallest timeframe
2nd timeframe (PERIOD_M2)
3rd timeframe (PERIOD_M5)
4th timeframe (PERIOD_M15)
Alligator Jaw period (13)
Alligator Teeth period (8)
Alligator Lips period (5)
Alligator method (MODE_SMMA)
ADX period (14)
ADX Weak Trend level (25)
ADX Strong Trend level (50)
RSI period (13)
RSI Oversold level (33)
RSI Overbought level (66)
The pips value displayed is the difference of maximum and minimum prices of the current chart.