Technical Indicators for MetaTrader 4
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MetaTrader 4
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Overview
MultiCharts is a multi-currency indicator for visual analysis of several trading symbols.
- in a separate window plots the selected symbols;
- shows the levels of any established orders;
- shows profit/loss, number and type of open positions;
- builds technical indicators Moving Average, SDL, Trend filter and Heiken Ashi charts;
- shows the spread, OHLC-prices of the current bar;
- shows the relative price change for the current day*;
* - for periods before Daily and Daily inclusive, the price change is calculated for the current day. Above Daily period - for the selected period (current week, current month).
All the listed properties can be easily changed by the user at any time, through the input parameters of the indicator.
Color scheme of the indicator:- Bear candle color - color for bearish candles;
- Bull candle color - color for bullish candles;
- Labels color - text color (symbol name, OHLC);
- Labels TP color - text color, if the price is approaching the Take Profit level;
- Labels SL color - text color, if the price is approaching the Stop Loss level;
- Profit color - text color, if the trade symbol has a profit;
- Loss color - text color, if the trade symbol has a loss;
- Text color - text color (spread, price change, cell borders);
- Orders line color - color for lines of positions and pending orders;
- Stops line color - color for lines of Stop Loss and Take Profit levels;
- Fast MA color - the color of the indicator line Moving Average, Trend filter;
- Slow MA color - the color of the indicator line Moving Average, Trend filter;
Settings of Moving Average indicators:
- Fast MA period - the period of the"fast" moving average;
- Slow MA period - the period of the "slow" moving average;
- MA method - averaging method;
- Applied price - a set of prices for calculating the indicator;
Trend filter indicator settings:
- Trend filter period - the period of the Trend filter indicator (the recommended period for entering the indicator from 2 to 5);
- Trend filter MA metod - averaging method;
SDL indicator settings:
- SDL period - SDL indicator period;
- SDL MA method - averaging method;
- SDL applied price - a set of prices for calculating the indicator;
The indicator interface:
- Add Indicator - show technical indicators Moving Average, Trend filter or Heiken Ashi charts;
- Show OHLC prices - show OHLC prices;
- Draw orders - show orders lines;
- Monitoring positions - show the number and total profit/loss on open positions;
- Show profit - a way to display profit/loss on open positions (in points or in the Deposit currency);
- Show growth - to show the growth;
- Orders line style - line style for orders;
- Allow Email notifications - send email notifications when the Trend filter, SDL indicator signals appear;
- Allow Alert - use an alert when the Trend filter, SDL indicator signals appear;
- Allow Push notifications - send notifications to the mobile terminal when the Trend filter, SDL indicator signals appear;
- Broker company label - company name for use in Push notifications, for example: (MQ MT4) - ' EURUSD, H1: Possible change trend direction on uptrend!'. If you put the symbol - ?, the default company name will be used;
- UID - the unique number of the indicator. If there is more than one copy of the indicator on the chart, then you need to set a unique number for each copy;
- Open chart in the... - open the chart window when you click on the symbol name in the current window or new window;
- Chart 1....Chart 6 - the name of the trading symbols (EURUSD,M5 ... USDCAD,H1);
- Allowed pairs for Notifications - names of trading pairs for which notifications are allowed. Specify, separated by a space, pairs on which notifications are allowed, for example: EURUSD, M5 GBPUSD, H1 USDJPY, M15 If the parameter is left blank, then notifications will be allowed for all pairs specified in the indicator settings (Chart1 ... Chart6).
