Multi-Timeframe Moving Average Indicator (v03)

Related: Multi-Timeframe Relative Strength Index (MTF RSI) Indicator for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.

This indicator, developed by traderak20 and based on iUniMA.mq5 by Integer, allows users to apply various types of moving averages (SMA, EMA, SMMA, LWMA, AMA, DEMA, TEMA, FRAMA, VIDYA) across different timeframes. It supports applying the indicator to any timeframe, whether higher or lower than the current chart's timeframe. Key Feature: Compared to the original iUniMA indicator, the primary addition is the setting for a second timeframe to be used in calculations. When the indicator is applied to a timeframe lower than the current chart's timeframe, not all values can be directly displayed. In such cases, the indicator employs a specific approach based on the chosen price type to provide the most appropriate value. Calculation Examples (Timeframe 1 = 5 minutes, Timeframe 2 = 1 minute): - **Close Price Series:** For any bar on the 5-minute timeframe, the indicator displays the corresponding bar from the 1-minute timeframe whose Close time is at or before the 5-minute bar's Close time. This applies to both closed and currently forming bars. - *

Also recommended: Stochastic Multi-Timeframe Indicator - similar indicator with strong performance on MetaTrader 5.

*Open Price Series:** For any bar on the 5-minute timeframe, the indicator displays the corresponding bar from the 1-minute timeframe whose Open time is at or before the 5-minute bar's Open time. This logic is tailored for strategies that trade at the opening of a new bar. At the open of a new 5-minute bar, only the open of the first of the five 1-minute bars is known, so subsequent 1-minute bar opens are disregarded in the calculation. The indicator allows mixing any timeframes, even if they are not synchronized (e.g., 5 minutes and 12 minutes). It ensures proper synchronization for calculations. For a visual explanation, refer to the MACD Histogram MTF MC indicator, which includes an Excel sheet. **Important Notes:** - When switching timeframes, allow a few seconds for price data to load. If the indicator does not appear, manually refresh the chart. - Error messages for debugging can be enabled/disabled in the source code by setting `ShowErrorMessages` to `true` or `false`. **Update History:** - **2010 09 26: v03** - Improved display of values on timeframes smaller than the chart's timeframe. - Set buffers to `EMPTY_VALUE` instead of `0` after `if(convertedTimeYou may also like: Multi-Timeframe MACD Histogram Indicator (v03) - excellent alternative for indicator users on MetaTrader 5.

• 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.