multi timeframe moving average indicator
Info
The multi timeframe moving average indicator is a Script for MetaTrader 4 that this indicator displays the current price position relative to moving averages across different periods and timeframes. by default, the price position is shown in red when below the moving averages and blue when above.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use multi timeframe moving average indicator
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
this indicator displays the current price position relative to moving averages across different periods and timeframes.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: triple timeframe cci indicator - another powerful script for MetaTrader 4 traders.
this indicator displays the current price position relative to moving averages across different periods and timeframes. by default, the price position is shown in red when below the moving averages and blue when above. for each timeframe, the indicator shows the settings for three moving averages. each cell displays the period of the moving average and the color indicating the price position relative to it. if the price is above the moving average for a specific period and timeframe, the cell turns blue. if the price is below, the cell turns red.Also recommended: Big Bars Indicator for Higher Timeframes - similar script with strong performance on MetaTrader 4.
indicator settings:
right offset: 0. this setting shifts the cells to the right.
down offset: 0. this setting shifts the cells down.
up color: light blue. the color of the cell when the price is above the moving average.
equal color: light green. the color of the cell when the price is equal to the moving average.
down color: light pink. the color of the cell when the price is below the moving average.
timeframe 1: 1. sets the timeframe for the first set of moving averages.
period 1.1: 528. sets the period for the first moving average on timeframe 1.
period 1.2: 1440. sets the period for the second moving average on timeframe 1.
period 1.3: 10080. sets the period for the third moving average on timeframe 1. each moving average can be configured individually.
You may also like: Multi-Timeframe AO and MACD Indicator with Color Lines - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property strict
#property indicator_chart_window
input int right=0;
input int down =0;
input color up=clrlightblue;
input color eq=clrlightgreen;
input color dw=clrlightpink;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.