Multimeter indicator measures three critical parameters of trading. All these 3 parameters together help traders have holistic view of market being traded. You do not need to visit multiple timeframes to check price action there.
It works across different markets viz. Forex, Stocks, Futures, and commodities.
Brief on 3 parameters being shown.
1) Current Bar
It shows current candle across timeframes. It is advisable to trade in direction of higher timeframes.
e.g. If Daily and Weekly candles are Up, odds are more favorable for intraday buyers.
It shows how good is short term momentum for respective timeframes. If momentum is High on higher timeframe then it is wiser to trade trend on lower timeframes. If momentum is Low on higher timeframe, price may not trend much, thus look for Mean Reversion trading opportunities.
Note: Even though name matches, still this parameter does not include Momentum oscillator that comes with MetaTrader4.
It shows Trend across timeframes. Trend on higher timeframes does not change easily, hence trend followers may look to use that information for Pullback entries. Also, Trend change always occurs on Lower timeframes first. Reversal traders can use this information for their trades
For details on, how to read parameters please go through screenshots attached. If you need any additional information about indicator or have any queries, feel free to contact me.
Thank You, for your interest and efforts to go through this commentary.
All The Best!
⭐ ⭐ ⭐ ⭐ ⭐ (对不起，文本的自动翻译) 这是 TrendLine PRO 的演示版本，基于对多头和空头实力的分析。 它显示趋势变化，入场点和建议的获利和止损水平。 移动面板显示一个类型的信号（红色平均卖出/蓝色平均买入）输入点的价格，成功率指数，赢得/损失和1000条交易的总结果。 当您单击指示面板上的"免费"按钮时，可以使用独特的弹出式扫描仪。 扫描仪显示所有可用的时间表，每对和传入新的信号和成功率值。 通过点击任意时间段，您可以自动切换到新的图表。 任何外汇对，金属，差价合约或加密可以在TrendLine PRO 指标的完整版本中使用。 TrendLine_DEMO 版本是试用版，有许多局限性。 这个强大的交易策略的所有功能仅在 Trend Line PRO 中提供 : https://www.mql5.com/zh/market/product/36087 当你购买趋势线专业版只有$75，你会得到: ✅ Calculation type-改变指标数据的计算方式并影响交易结果 ✅ Amplitude -主要参数，确定本地趋势的持续时间和信号的频
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基于具有标准参数的MACD指标波 在最后两个MACD波上分别对正面和负面交易斐波纳契水平， 如果负波浪在MACD指标上结束，则颜色为绿色， 如果正波在MACD指标上结束，那么颜色为红色。 Wave的终止标准是两个滴答，MACD的符号不同。 在最近四次MACD波浪中绘制趋势线。 与专家合作很好 Figures MACD https://www.mql5.com/ru/market/product/42031 更多截图： https://www.mql5.com/ru/charts/10581596/audusd-h1-alpari-international https://www.mql5.com/ru/charts/10631979/usdjpy-m1-alpari-international https://www.mql5.com/ru/charts/10628704/gbpusd-m15-alpari-international