Dynamic_Trend_MTF - indicator for MetaTrader 5

Dynamic_Trend_MTF – indicator MetaTrader 5

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Indicator Multi timeframe Dynamic Trend is the multi-timframe Dynamic Trend indicator. It displays the data of three indicators Dynamic Trend from different timeframes on the current chart.

It has six adjustable parameters:

  • Period – Dynamic Trend calculation period
  • Percent – Dynamic Trend “strengthening percentage”
  • Drawing mode – drawing mode
    • Steps – by steps
    • Slope – by sloping lines
  • First DT timeframe – timeframe of the first Dynamic Trend
  • Second DT timeframe – timeframe of the second Dynamic Trend
  • Third DT timeframe – timeframe of the third Dynamic Trend

Signal indicator Dynamic Trend draws a two-color trend direction line and places signal pointers.
To filter the indicator signals, it is recommended to use confirmation signals, such as support/resistance levels.

Alternative:  Q2MA - indicator MetaTrader 5

Fig. 1. Multi timeframe Dynamic Trend, Drawing mode = Steps


Fig. 2. Multi timeframe Dynamic Trend, Drawing mode = Slope


https://www.mql5.com/ru/code/23412

Dynamic_Trend_MTF – indicator MetaTrader 5
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