SV S I MT F
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use SV S I MT F
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
"Multi timeframe Slow Volume Strength Index" shows data of three indicators from different timeframes on the current chart.
The indicator has nine adjustable parameters:
EMA period
- EMA SVSI calculation period
Smoothing
- SVSI smoothing period
Overbought
- overbought level
Middle
- middle line
Oversold
- oversold level
Drawing mode
- indicator drawing type
Steps
- as a ladder
Slope
- sloping lines
First SVSI timeframe
- the timeframe of the first SVSI
Second SVSI timeframe
- the timeframe of the second SVSI
Third SVSI timeframe
- the timeframe of the third SVSI
Fig.1. Multi timeframe Slow Volume Strength Index; H4, H8 and H12 data on the H1 chart; Drawing mode = Steps
Fig.2. Multi timeframe Slow Volume Strength Index; H4, H8 and H12 data on the H1 chart; Drawing mode = Slope
