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Double Parabolic MTF Histo

Parabolic SAR is one of the most popular indicators allowing you to determine in a timely manner the trend reversal, get an early entry point and accurately define the place of profit taking.

Parabolic SAR is very efficient in case of a trendy market but often gives false signals during a flat. In order to sort such signals out, it is possible to use the same indicator on higher timeframes. This eliminates the main drawback of the indicator during a flat, while retaining its advantage of early entry in the direction of a trend.

Double Parabolic MTF Histo implements this idea and combines two timeframes on a single Parabolic chart. The higher timeframe Parabolic defines the trend, while the lower timeframe one searches for the market entry point in trend direction.

For more convenient indicator management in the main window, use the "Double Parabolic MTF Free" indicator that displays Parabolic SAR readings from different timeframes on a single chart (from the Comments tab).


Features

  1. Sorting out most flat movements - a signal is provided only if the directions of Parabolics from two timeframes coincide.
  2. Graphical panel of the Parabolic SAR indicator on ALLtimeframes. If Parabolic switches its direction on some timeframe, an exclamation mark is displayed on the panel, accompanied by a text message and audio signal. The messages can be customized separately for each timeframe using the corresponding check boxes.
  3. The graphical display of a stop level that shifts by Parabolic 1 or 2 (specified in the settings).
  4. The current stop level is written to the global terminal variable (positive value for BUY, negative one for SELL)
    (needed for EAs based on Double Parabolic MTF Histo).
  5. Information on a signal is displayed in a message box with an audio alert. It also supports sending messages to email and push-messages to mobile devices.
  6. The indicator is located in a separate window, so as not to overload the main chart window. Signal arrows can also be displayed in the main window.


Parameters

----- Parabolic`s TF offsets block - shift of the Parabolics' timeframe relative to the current one. The value can be greater or equal to 0. 1 means higher by 1, 2 - higher by 2 etc. For example, when the current period is M5, if you set the parameter to 1, the indicator will display Parabolic data on M15, and if you set it to 2, the indicator will display Parabolic data on M30:

  • Offset of SAR #1 relative to the current TF (can be >0 or =0) - shift of the Parabolic 1 timeframe (by default, 0 is the current timeframe)
  • Offset of SAR #2 relative to the current TF (can be >0 or =0) - shift of the Parabolic 2 timeframe (by default, 2 - 2 timeframes higher than the current one)

----- Parabolic`s parameters block - standard parameters of Parabolic SAR:

  • step - price change step
  • maximum - price change maximum
  • Method of building SL levels - plotting Stop Loss levels:
    • Disabled - SL levels disabled
    • from SAR #1 - plotting by Parabolic 1 (default is the current timeframe)
    • from SAR #2 - plotting by Parabolic 2 (by default, 2 timeframes higher than the current one)
  • Arrows of signals in main window - enable signal arrows in the main window
  • Arrow Size - size of the signal arrows in the main window
  • Color of UP/DOWN trend signal - signal arrow buy/sell colors
  • Show Graph Panel - display the graphical panel with data from other timeframes. Set False if you use indicator signals in the Expert Advisor or you do not need signals from other timeframes

----- Messages/Sounds ----- (Notifications and sound settings):

  • ON/OFF - Sound when the signal - enable/disable sound alerts
  • Sound signal of entry points in the direction of the trend - name of the audio file for market entry signals (signals are generated on closed bars)
  • Sound signal when Parabolic switches its direction on some TF - name of the sound file for the signal when the Parabolic changes on a different timeframe
  • ON/OFF - Alert - enable/disable messages in the terminal when signals occur
  • ON/OFF - Mail - enable/disable sending emails
  • ON/OFF - Push - enable/disable sending push notifications to mobile devices.
Comentarios 2
Road73
163
Road73 2018.12.10 21:55 
 

a must have, great addition to my strategy.

wuji666
191
wuji666 2018.03.12 12:52 
 

It is a very good indicator, can filter out many side movement.

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Pivots Dashboard is the single most complete instruments set for Pivot Points trading currently available in the market. We have done a comprehensive research prior to the product design to make sure that this product meets every need of Pivot Point trading. Pivots Points are significant levels technical analysts can use to determine directional movement and potential support/resistance levels. Pivot Points are thus predictive or leading indicators. While the points were originally used by floor
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RSI Basket Currency Strenght
RSI Basket Currency Strenght
Dario Pedruzzi
The  RSI Basket Currency Strenght  brings the RSI indicator to a new level.  Expanding the boundaries of TimeFrames and mono-currency analysis, the RSI Multi Time Frame Currency Strenght take the movements of each currency that composes the cross and confront them in the whole basket of 7 crosses.  The indicator works with any combination of  AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD  pairs and with full automation takes in account every RSI value for the selected Time Frame.  After that, the ind
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Pairs Arbitrage Correlation
Pairs Arbitrage Correlation
Vladimir Tkach
The cross-correlation indicator calculates the relationship between the specified pairs for the previous period. Automatically selects the instruments with the highest and the lowest correlation, and then simulates trading on the selected pairs on the same test period. Then indicator displays the pairs that have shown the best trading results. Visualizes the PAC (Pairs Arbitrage Correlation) criterion for the pairs selected by the trader. The signal to open trades is set by the PAC levels. When
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Pinbar Scanner With Trend Filter
Pinbar Scanner With Trend Filter
ScorpionFX
(FOR MT4)   Pinbar Scanner For Multi Pair and Multi Time Frame : This indicator has been designed to automatically identify high probability pinbar formations. It includes an RSI trend-filter for finding the best oppportunities and it will send you an alert when these setups are found. IMPORTANT FACTORS TO KEEP IN MIND: A strong pinbar is clear evidence that the institutions are rejecting a particular price level.  These price levels are excellent areas to determine potential entries and exits
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BBMA Dashboard Fx
BBMA Dashboard Fx
Muhammad Syafiq Bin Mustapa
BBMA Dashboard Fx   This is a   Multi pair  and   Multi time frame  dashboard. The founder of the system is Mr. Oma Ally, which is a system based from Bollinger Band and Moving Average( BBMA ). BBMA consists of the use of 2 indicators: Moving Averages Bollinger Bands BBMA consists of 3 types of entries: Extreme MHV Re-Entry  This Dashboard Help you to scan current Extreme and Reentry setup ( MHV not included). The features of BBMA Dashboard : 1.Current TRENDS in Market Based on BBMA method.
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Williams Dashboard
Williams Dashboard
Pablo Mozo Bel
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Higher High Higher Close Lower Low Lower Close
Higher High Higher Close Lower Low Lower Close
Mark Flint
The HHHC-LLLC indicator uses candle by candle analysis, based on the principle of trend confirmation from Higher High, Higher Close candles (bullish) and Lower Low, Lower Close candles (bearish). There is no lag, no re-painting, and averaging is not used. HHHC-LLLC helps confirm: market structure and levels - look left to see them line up trends, pullbacks & reversals Bull moves (blue), Bear moves (red) Structure Zig Zags (black dotted lines), for summarizing market moves exhaustion and stalling
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Classic Keltner Channel
Classic Keltner Channel
Muhammad Elbermawi
Or CKC . This indicator works depending on the classic ten-day moving average rule described by Chester W. Keltner (1909–1998). All parameters are set to the classic version of the Keltner system by default, while the user can change them if he wants. Important Information Read CKC Manual: https://www.mql5.com/en/blogs/post/736577 CKC Expert Advisor Example: https://www.mql5.com/en/blogs/post/734150 About Keltner Channel Formula 1. Calculate the Center Line as a simple moving average from the
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FX Trend
FX Trend
Daniel Stein
You want to become a constantly profitable 5-star forex trader?  1.  Read the basic description of our simple trading  system  &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend   displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powe
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Currency Strength Meter Pro for MT4
Currency Strength Meter Pro for MT4
ALEKSANDR SHUKALOVICH
Currency Strength Meter is the easiest way to identify strong and weak currencies. This indicator shows the relative strength of 8 major currencies + Gold: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD, XAU. Gold symbol can be changed to other symbols like XAG, XAU etc. By default the strength value is normalised to the range from 0 to 100 for RSI algorithm: The value above 60 means strong currency; The value below 40 means weak currency; This indicator needs the data of all 28 major currency pair
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BB Trend Flat MT5
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Alarm Clock MT4
Alarm Clock MT4
Pavel Zamoshnikov
Alarm Clock generates sound signal at the prescribed time. Time is set by a vertical line on the chart. Just shift this line on the chart to the future. After you set the line at the desired time, you can do whatever you want with the chart, like change a timeframe and a symbol - the alarm clock will generate a signal at the prescribed time anyway. If you accidentally remove the line, the indicator will restore it at the prescribed time. You can attach the indicator to different charts and set d
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CSV2Chart
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Download Quotes
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Pavel Zamoshnikov
The script automatically downloads historical data for all instruments from the "Market Watch" window, on all timeframes from M1 to MN1. It is recommended to use the script before launching multi-symbol and multi-timeframe indicators that work simultaneously with many instruments. Features: To download quotes, the script uses the MQL API only. This is a necessary requirement for publishing programs on the MQL-Market. This method is fast enough, but effective in not all cases. A more reliable (bu
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Information Panel
Information Panel
Pavel Zamoshnikov
The information panel displays important trading information on the chart. Visual display of the information will help you to make a prompt and precise trading decision. Screenshots depict information which I use in my trading system. But you can add any other desired information.  To do this contact me via MQL5 web-site. Displayed information: Time till the end of the current candle and formation of a new one. Time set format: hh:mm, if there is at least one full hour, or mm:ss, if you have les
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Stochastic Ichimoku
Stochastic Ichimoku
Pavel Zamoshnikov
This indicator signals about Stochastic crossing in the trend direction which is determined by the position of the price relative to the Ichimoku cloud. Features: Flexible settings: filtering signals by bullish/bearish bars ( parameter "BUY - the bullish bar only; SELL - the bear bar only" ); setting levels of Stochastic crossing ( parameters "BUY-signal if Stochastic below this level" and "BUY-signal if Stochastic below this level" ) ability to use the Ichimoku cloud of higher timeframes ( pa
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Market Calculator for MT4
Market Calculator for MT4
Pavel Zamoshnikov
Market Calculator is a powerful tool that allows you to easily and quickly calculate the main parameters of a trade: Lot size, StopLoss and TakeProfit, as well as estimate the amount of funds (required Margin) to open a position. The program has a very convenient and intuitive control, because implemented in OS Windows style. There are many interesting and handy features - just watch the video: https://youtu.be/FG2qqTJTIhE All program data are sorted into sections in the form of tabs: " Lot Calc
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Trend Monitor MT5
Trend Monitor MT5
Pavel Zamoshnikov
The indicator generates early signals basing on ADX reading data combined with elements of price patterns. Works on all symbols and timeframes. The indicator does not redraw its signals. You see the same things on history and in real time. For better visual perception signals are displayed as arrows (in order not to overload the chart). Features The best results are obtained when the indicator works on two timeframes. For example: M30 – the indicator shows the main trend; M5 – the indicator ge
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Filtro:
Road73
163
Road73 2018.12.10 21:55 
 

a must have, great addition to my strategy.

wuji666
191
wuji666 2018.03.12 12:52 
 

It is a very good indicator, can filter out many side movement.

Respuesta al comentario
Versión 1.7 2021.01.26
Added the "Show Graph Panel" parameter, which displays a graphical panel with data from other timeframes.
Set False if you use indicator signals in the Expert Advisor or you do not need signals from other timeframes
Versión 1.6 2019.02.16
Added the "Arrow Size" parameter that changes the size of the signal arrows on the chart
Versión 1.5 2018.12.21
Fixed minor bug
Versión 1.4 2018.12.15
Fixed a bug that left the graphical panel after closing the indicator if it was loaded using a template
Versión 1.3 2018.09.09
В этой версии индикатор может переключать таймфрейм, если вы нажмете на соответствующий прямоугольник графической панели
Versión 1.2 2017.10.04
Added signal about a change in the Parabolic on ALL TF (sound and message).
It is enabled for each timeframe individually using the check boxes on the graphical panel.