Market Structure MTF for MT5
- インディケータ
- Marco Cesare Dezzani
- バージョン: 1.0
This indicator is extremely useful for traders who want to keep an eye on the market structure without wasting time drawing it manually.
It also adds an important optional feature, which is MTF (Multi-Timeframe) analysis.
Multi-Timeframe (MTF) analysis is a trading technique that consists of analysing the same financial instrument on different time intervals (charts) simultaneously, in order to gain a more complete view of the market. Starting with the analysis of higher timeframe charts to identify the main trend, you then move down to lower timeframes to refine the entry and exit points, improving the probability of successful trades, given that market trends are fractal in nature.
The indicator is highly configurable with the following parameters:
Lower timeframe: lowest timeframe, e.g. M1
Higher timeframe: highest timeframe, e.g. M15
MTF: enables MTF. If false, the higher timeframe is ignored
Colour lower/higher timeframe: self-explanatory
Bars to analyse: self-explanatory
