Original author:
kontra
A semaphore indicator of a directional trend. Buy and sell signals appear when all candles are bullish or bearish on 4 timeframes set in the input parameters of the indicator and its chart.
When using this indicator keep in mind that it can work only on timeframes less than 3 timeframes set in the Expert Advisor input parameters:
//+----------------------------------------------+ //| Indicator input parameters | //+----------------------------------------------+ input ENUM_TIMEFRAMES TimeFrame1=PERIOD_H1; // Chart 1 period input ENUM_TIMEFRAMES TimeFrame2=PERIOD_M30; // Chart 2 period input ENUM_TIMEFRAMES TimeFrame3=PERIOD_M15; // Chart 3 period
Originally this indicator has been written in MQL4 and was first published in the Code Base on 16.02.2012.
Fig. 1. The SimpleScalp_MTF indicator
