Join our fan page
- Views:
- 7622
- Rating:
- Published:
- 2024.04.19 21:13
- Updated:
- 2024.04.19 21:27
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
The indicator draws three line plots on the chart. It detects the current period, and you assign two other periods in the input which should compare to the current period.
If the price is not moving in the same direction on the other timeframes you selected, the lines will deviate from each other and this shows that there is a lack of confluence between those timeframes.
When the lines move apart, it can be a signal to avoid trading during that time. It is safer to trade when there is confluence between multiple timeframes.
First plot is a line chart on the closing prices of the current period.
Second plot is the deviation of 1st input timeframe to current period.
Third plot is the deviation of 2nd input timeframe to current period.
I hope you like this indicator.
By the way, please support:

QuickTradeKeys 123 is a user-friendly Expert Advisor (EA) for MetaTrader 5, enabling traders to execute buy and sell operations quickly by simply pressing the numbers '1' and '2' on their keyboard. Pressing '3' closes all open positions. This EA is ideal for swift trading and testing purposes where manual intervention is required without using the mouse.

A simple yet effective donchian channel breakout strategy. This strategy is timeless!

This EA help you for Auto set the TP & SL by default parameter, Auto trailing stop & step for any order that you place from any device, Easy way to close all orders with 3 Button "Close All" "Close Profit" "Close Lose", Auto close all orders by profit or lose treshold value

Select the last closed deal (trade) to further work.