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  • Reviews (1)
  • Comments (4)
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Trend dashboard MT5

This multi time frame and multi symbol trend indicator sends an alert when a strong trend or trend reversal has been identified. It can do so by selecting to build up the dashboard using Moving average (single or double (MA crossover)), RSI, Bollinger bands, ADX, Composite index (Constance M. Brown), Awesome (Bill Williams), MACD (signal line) or Heiken Ashi smoothed. It can be used with all time frames from M1 to MN. Max. 9 time frames can be shown in the dashboard at the same time. The colors in the dashboard are green for bullish, red for bearish and blue for neutral (indicator values not in range).


The free version of this indicator can be downloaded here. It is limited to EURUSD, GBPUSD and USDJPY and has no support for mail and push alerts.

Features

  • The indicator can write the signals to global variables which can be used by an Expert Advisor for auto tradingFor instance this product.
  • It is possible to select up to 9 time frames to be used.
  • Continuously performs a trend strength rank sorting within the dashboard. It is possible to disable this sorting though to make it easier finding a specific symbol. The symbols will then be visible in the same order as they have been entered in the Symbols parameter or in the order they are visible in the Market Watch window.
  • By clicking inside a rectangle a new chart will be opened with the symbol and time frame in question.

It is enough to place the indicator on one chart and you will receive an alert from any symbol of your choice.


Parameters

Please find the description and explanation of the input parameters here.


Please note that this indicator is not supported in the strategy tester. It will also not draw lines and arrows or sell and buy advice on any chart.

I recommend putting the indicator on a EURUSD M5 chart, a clean chart without any other indicators or Expert Advisors on it.


Please check out my other Moving Average and dashboard products:

Moving Average crossover scanner

Divergence dashboard


Reviews 1
Devonish
1327
Devonish 2019.03.05 13:55 
 

I really like this tool, yes there are similar products out there, I even have some; but what I like about this particular indicator is the option to have it 'stack' the trends in order of strength and also the ability to flip to RSI reversal mode. Nice job :)

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Devonish
1327
Devonish 2019.03.05 13:55 
 

I really like this tool, yes there are similar products out there, I even have some; but what I like about this particular indicator is the option to have it 'stack' the trends in order of strength and also the ability to flip to RSI reversal mode. Nice job :)

Version 2.0 2020.09.05
*** Please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

Not a mandatory update if everything is already working as it should and you are not using Heiken Ashi smoothed or ADX

- minor bug fix
- corrected an error in the point ranking for Heiken Ashi smoothed
- changed the algorithm for the ADR point ranking. The +DI and -DI lines are now used as well in the calculation. Bullish if the main line is above the level value and at the same time the +DI line is above the -DI line. Bearish if the main line is above the level value and at the same time the -DI line is above the +DI line
- added a possibility to enable writing of of global variables when point ranking has been enabled. The global variables can be used by an Expert Advisor for automatical trading.
Version 1.9 2020.08.17
*** Please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

- added the possibility to select from all supported time frames in MT5. Max. 9 time frames can be used in the dashboard.
- added Heiken Ashi smoothed
Version 1.8 2020.07.22
*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added an option to change the blue color in the rectangles when there is no signal
- added MACD (signal line). Bullish if above the zero line and vice versa
Version 1.7 2020.01.22
- added support for the H12 time frame
- corrected a bug which prevented the dashboard to load if you had less than 9 symbols in the list
- added the possibility to set the rectangle bull and bear colors
Version 1.6 2019.07.10
- added Awesome (AO)
Version 1.5 2019.04.12
- added Parabolic SAR (PSAR)
Version 1.4 2019.04.11
- added Composite index
Version 1.3 2019.04.06
- added Bollinger bands and ADX
Version 1.2 2019.03.27
- added the possibility to add a custom text to the end of the regular alert text
- added the possbility to be alerted based on a point system instead of the color count system
- added the possibility to be alerted based on xx time frames with same color
- added the possibility to use double MA logic (2 MA:s in consecutive alignment and price above/below them)