If you're looking to sharpen your trading game, the Trend Dashboard Indicator for MetaTrader 5 might just be your new best friend. This handy tool is a multi-timeframe indicator that combines the power of three standard indicators: the Stochastic Oscillator, the Relative Strength Index (RSI), and the Commodity Channel Index (CCI). What’s great about it? It gives you a clear view of current trend directions across various timeframes, including M1, M5, M15, M30, H1, H4, D1, W1, and MN1. No matter which timeframe you’re trading on, this indicator helps you stay on top of the trends.
Once you've installed the indicator on your MT4 or MT5 platform, you'll wonder how you ever traded without it!
Input Parameters:
- CheckCandle (default = Previous) — Choose which candle to check for indicator values; this works for both display and alerts.
- PercentK (default = 8) — Sets the period in bars for calculating the %K line of the Stochastic indicator.
- PercentD (default = 3) — Sets the period in bars for calculating the %D line of the Stochastic indicator.
- Slowing (default = 3) — Determines the slowing value for the Stochastic indicator.
- RSIP1 (default = 14) — Defines the period for the first (fast) RSI.
- RSIP2 (default = 70) — Defines the period for the second (slow) RSI.
- Enable (default = false/true) — If set to true, the Trend Dashboard Indicator will compute and display signals for the selected timeframe.
- EnableNativeAlerts (default = false) — If enabled, it triggers a native MetaTrader popup alert when a confluence of signals occurs across any of the timeframes.
- EnableEmailAlerts (default = false) — If activated, an email is sent when a confluence of signals appears. Make sure your email settings are correctly configured in MetaTrader via Tools -> Options -> Email.
- EnablePushAlerts (default = false) — Similar to email alerts, this sends a push notification when signals align; ensure notifications are set up in MetaTrader via Tools -> Options -> Notifications.
- Other Parameters — Customize symbol codes for trend direction arrows and their colors.
Related Posts
- Mastering the Open Range Breakout Indicator for MetaTrader 5
- Unlock Trading Insights with Volume Profile + Range v6.0 for MetaTrader 5
- ID Lite Info MA: A Comprehensive Indicator for MetaTrader 5
- Unlocking Trading Insights with Volume Profile + Range v6.0 for MetaTrader 5
- Optimize Your Backtesting with the New Economic Calendar Tool for MetaTrader 5