TRO MultiPair

TRO MultiPair is a MetaTrader indicator based on several custom indicators that are included in the package. This indicator can display trend directions for several currency pairs and on all possible MetaTrader timeframes simultaneously. The indicator is displayed in a separate window of the chart. The legend for the indicator is displayed on the right side of the chart. You can choose where to go short and where to go long by simply looking at this indicator. It does not matter which currency pair or timeframe you attach this indicator to. It will show everything that is set in its input parameters. TRO MultiPair is a very resource-consuming indicator; you should turn off any timeframes and currency pairs you do not use. It has a lot of input parameters but only few of them are used for the actual tuning.

Input parameters

• pairs (default = GBPUSD;EURUSD;USDCHF;USDJPY) — currency pairs for which to display this indicator. Just list them with a semicolon as separator.
• timeFrames (default = M1;M5;M15;M30;H1;H4;D1;W1;MN) — timeframes for which to display the indicator. Just list them with a semicolon as separator.
• myAlert (default = false) — if true then alerts are used.
• ShowLegend (default = true) — if true then the legend is displayed.
• ShowCount (default = true) — if true then the count of the trend directions by timeframes is displayed.
• Other parameters — change various visual settings.

Trading with this indicator is very intuitive. As you see on the legend, there are weak and strong signals and also neutral signals. You can develop your own strategy with this indicator, but I recommend entering the trades only when all the timeframes for a given currency pair point in one direction and there are no weak or neutral signals. Exit positions when the signals that you used to enter are in minority.

Downloads

The latest version and the full code of this indicator can be found at www.kreslik.com.

You can also download an old version of TRO MultiPair in .zip. (Unfortunately, we had to remove the direct download link for the older version of the indicator due to its author's request.)

Discussion

Do you have any suggestions or questions regarding this indicator? You can always discuss TRO MultiPair with the other traders and MQL programmers on the indicators forums.