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MTF Lines

This indicator was developed to support multiple timeframe analysis. It was inspired on "Techniques and Mindset" coaching by Larissa Sihle, a professional trader and Brazilian coach. In the indicator settings, the user can set the color, width, and style of the horizontal lines (and rectangles) for each timeframe. This way, when the horizontal lines (and rectangles) are inserted into the chart, they will be plotted with the timeframe settings.


Input Parameters


The input parameters are just to set the style of the buttons:


  • Font Color
  • Option Button Background Color - background color when the buttons are not pressed
  • Option Button Background Color (Selected) - background color when the buttons are pressed
  • Timeframe Button Background Color - background color when the timeframe buttons are not pressed
  • Timeframe Button Background Color (Selected) - background color when the timeframe buttons are pressed
  • Timeframe Button Background Color (Disabled) - background color when the timeframe buttons are disabled (when the timeframe has no objects - lines/rectangles)
  • Sound Alert Enabled - enable/disable sound alert when the price touches some horizontal line
  • Total Sound Alerts - total number of sound alerts
  • Sound Alert Interval (seconds) - interval time between sound alerts
  • Manage Rectangles - enable/disable the visibility control of rectangles


Toolbar


The indicator provides 5 options:


  • All - show all lines
  • <= TF - show only the current and lower timeframe objects
  • TF - show only current timeframe objects
  • TF >= - show only the current and upper timeframe objects
  • Custom - choose the timeframes manually


No reviews
Version 1.5 2018.10.27
Option to enable/disable the visibility control of rectangles in multiple timetimes.
Version 1.4 2018.10.27
Sound alert feature. A sound alert is issued when the price touches some horizontal line.
Version 1.3 2018.10.08
Default color settings change
Version 1.2 2018.10.04
- Default color settings change
Version 1.1 2018.08.27
- BUG fix: An error occurs when the "Custom" button is pressed without having added at least 1 horizontal line in the chart.