Multi Signals PC H
Info
The Multi Signals PC H is a Indicator for MetaTrader 5 that logo: description: the signals and stop loss/take profit can be disabled in the input parameters. The indicator with price levels, signals, and disabled stop loss/take profit is shown in the figure below:Image: Levels are named and can be viewed in tooltips on hover.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Multi Signals PC H
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.
What this tool does
Logo: Description: The signals and stop loss/take profit can be disabled in the input parameters.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Multi-Timeframe Trend Dashboard MT5 - Professional EMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.
Logo: Description:Also recommended: Quantora Multi-Timeframe RSI Dashboard MT5 - Professional RSI Momentum Analysis - similar indicator with strong performance on MetaTrader 5.
The signals and stop loss/take profit can be disabled in the input parameters. The indicator with price levels, signals, and disabled stop loss/take profit is shown in the figure below:Image:
Levels are named and can be viewed in tooltips on hover. Below is a list of all levels and their descriptions:
h_pch
- Level built on bar highs;
mh_pch
- Level calculated as the midpoint between the high and the center of the price channel;
m_pch
- Level calculated as the midpoint between the high and low of the price channel;
ml_pch
- Level calculated as the midpoint between the low and the center of the price channel;
l_pch
- Level built on bar lows.
All signals are based on price crossovers with these levels:
Upward crossover of ml_pch (buy signal) / downward crossover of mh_pch (sell signal);
Upward crossover of m_pch (buy signal) / downward crossover of m_pch (sell signal);
Upward crossover of mh_pch (buy signal) / downward crossover of ml_pch (sell signal);
Upward crossover of h_pch (buy signal) / downward crossover of l_pch (sell signal);
Indicator parameters:
The indicator with one condition and enabled stop loss (bars)/take profit (squares) levels is shown in the figure below:
Additional info:
The indicator logo (logomultisignals_pch_64x64.ico) is included in the archive logomultisignals_pch_64x64.zip. Place this file in the \Metatrader 5 Data Folder\MQL5\Images directory.
You may also like: Quantora Multi-Timeframe MACD Dashboard MT5 - Professional MACD Momentum Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property icon "\\images\\logomultisignals_pch_64x64.ico"
#property indicator_chart_window
#property indicator_buffers 29
#property indicator_plots 29
#property indicator_type1 draw_line
#property indicator_type2 draw_line.......
⚠ 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.