Multi Chart Multi Timeframe Indicator for MT4 - Free [TFlab]

The Multi Chart Multi Timeframe Indicator stands as an advanced technical analysis tool, empowering traders to conduct simultaneous market trend analysis across various timeframes. By consolidating price movements, moving averages, and key technical signals within a dedicated panel, this innovative indicator removes the necessity for constant manual switching between charts, thereby streamlining the analytical process and enhancing trading efficiency.

You can download it from this link:

https://cdn.tradingfinder.com/file/5...4-by-tflab.zip

You can also access the MetaTrader 5 version of this Indicator through this page:

https://www.forexfactory.com/thread/...-mt5-freetflab

For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader

Prop Firm DrawDown Protector : Prop Firm Capital Protection Expert MT4 | Forex Money Management: Forex Trade Management Expert MT4 |ICT Concepts Indicator MT4 | Smart Money Concepts Expert MT4| Smart Money Trap Scanner | Get a free Expert Advisor license via Telegram and WhatsApp

Core Specifications and Features

Indicator Profile

1. Primary Categories: Trading Assist MT4 Indicators, Moving Average MT4 Indicators

1. Compatible Platform: MetaTrader 4

1. Recommended Skill Level: Intermediate

1. Indicator Type: Reversal, Non-Repainting

1. Supported Timeframe Analysis: Multi-Timeframe

1. Applicable Trading Styles: Day Trading, Scalping, Swing Trading

1. Trading Instruments: Forex, Cryptocurrency, Indices, Commodities, Stock Market, Share Stocks

Core Functionality: Market Trend Analysis
The principal application of the Multi Chart Multi Timeframe Indicator lies in the precise identification of bullish and bearish market trends. It provides a clear, aggregated view of market momentum. Convergence of signals across short-term and long-term timeframes typically indicates a robust, sustainable trend. Conversely, divergences or conflicting signals between timeframes act as a critical early warning, signaling a potential trend reversal or the onset of a market correction/neutral phase.

Identifying a Bullish Trend
As demonstrated on a USD/CAD chart, a confirmed bullish trend is present when the price consistently trades above the moving averages across all selected timeframes. This alignment, coupled with a pattern of higher highs and higher lows, confirms sustained upward momentum.

1. Visual Cue: Price positioned above MAs on all timeframe mini-charts within the indicator panel.

Identifying a Bearish Trend
Analysis of an AUD/USD chart reveals a bearish trend when the price remains below the moving averages on key higher timeframes, such as Daily and 4-hour charts.

1. Visual Cue: Price positioned below MAs on the higher timeframe mini-charts within the indicator panel.

Configurable Settings Panel
The indicator offers extensive customization through its settings panel to adapt to various trading strategies and visual preferences.

Timeframe & Calculation Settings

1. Timeframe 1, 2, 3, 4: Selection for the four distinct timeframes to be displayed.

1. Long-term MA Period: Period setting for the long-term moving average.

1. Mid-term MA Period: Period setting for the mid-term moving average.

1. Short-term MA Period: Period setting for the short-term moving average.

Display & Layout Settings

1. WindowNumber: Specifies the chart window for indicator display.

1. CornerX & CornerY: Controls the horizontal and vertical anchor position of the indicator panel.

1. Width & Height: Defines the dimensions of the indicator window.

1. SpacingColumns: Adjusts the space between the individual mini-chart columns.

1. CandleMode: Toggles the candlestick display mode.

Color Customization

1. Long-term MA Color, Mid-term MA Color, Short-term MA Color: Colors for the respective moving averages.

1. BullColor: Color for bullish candlesticks.

1. BearColor: Color for bearish candlesticks.

1. WickColor: Color for candlestick wicks.

1. HeadingColor: Color for the timeframe headings.

1. ScaleColor: Color for the scale/axis numbers.

Important Installation Note: For the indicator to render correctly, the required font included in the installation package must be manually installed on your system prior to use.

Conclusion
The Multi Chart Multi Timeframe Indicator is a powerful solution for holistic market analysis, enabling the concurrent observation of multiple timeframes in a single view. This tool facilitates a top-down analysis approach, allowing traders to assess the dominant trend from higher timeframes while pinpointing precise entry and exit opportunities using lower timeframe details. The integration of short-term, mid-term, and long-term moving averages further aids in evaluating trend strength and direction, making it a versatile asset for developing informed and timely trading decisions.