time based moving averages
Info
The time based moving averages is a Indicator for MetaTrader 5 that the concept is simple: plotting price behavior within several periods of time. some symbols behave very well during the trading day - with this i mean intraday trading - and this behavior ends up plotting effectively well with the proposed exponential moving averages in this indicator.
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 time based moving averages
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
the concept is simple: plotting price behavior within several periods of time.
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.
Also recommended: Quantora Multi-Timeframe RSI Dashboard MT5 - Professional RSI Momentum Analysis - similar indicator with strong performance on MetaTrader 5.
the concept is simple: plotting price behavior within several periods of time.some symbols behave very well during the trading day - with this i mean intraday trading - and this behavior ends up plotting effectively well with the proposed exponential moving averages in this indicator...
obviously that this behavior could not be seen in all symbols, but you can give it a try... just drop this indicator in a chart and you will see for yourself...
this indicator is intended for "feeling the trend" purposes. visual cues are very effective for traders, that's why i created this for our fellow traders in our brotherhood...
for those who love dynamic support & resistances...
ok! you can put 6 ma's manually on your chart, but doing this very often and again and again is pure pain. so this indicator is a kind of a shortcut for it. it has 6 moving averages completely customizable in time period, style and color. the presets are the best i could set for m1, m5 and m15, and, following a visual pattern of hot-to-cold color approach - hot colors for faster ma's, colder colors for long ma's - ending up with the last ma with a dashed gray line representing the whole trading period (day)...
many traders would be amazed with the patterns... you can give a try!
for those who use the triple-screen approach, on the settings window you will find tips for configuring the ma's for each timeframe:
example:
i hope this helps the community!
if you like this indicator, just click on the like stars... it means a world to me! so i can continue to share more stuff traders want!
live long and prosper!
;)
You may also like: Quantora Multi-Timeframe MACD Dashboard MT5 - Professional Momentum and Trend Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.0"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 6
#property indicator_plots 6
#property indicator_label1 "ma1".......
⚠ 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.