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Alps Multi timeframes trend and momentum indicator

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Published: 24 July 2018

Current version: 1.20

Alps Multi timeframes trend and momentum indicator

Indicators
Soewono Effendi
Version: 1.20
Updated: 27 November 2019

ALPS is a multi timeframes trend and momentum indicator that lets your profits run.

It combines Gator Oscillator, ADX and RSI over multi timeframes in an innovative way.

You can trade with full confidence on a rapid timeframe chart with insight and benefits of trend and momentum over a larger timeframe.

To keep the chart clear and comprehensible, you can toggle any timeframe ON/OFF instantly at any time point.

Different color trend bars mark slow, normal or strong trend based on ADX.

Overbought or oversold based on RSI is highlighted on momentum line.

Ranging or slow trends can be easily identified.

Last but not least, this indicator enables you to better use your screen area to trade more currency pairs at a time.

Parameters

PRICE
Applied price (PRICE_CLOSE)
TF1
1st timeframe (PERIOD_M1)
Chart will be set to this smallest timeframe
TF2
2nd timeframe (PERIOD_M2)
TF3
3rd timeframe (PERIOD_M5)
TF4
4th timeframe (PERIOD_M15)
GatorJawPeriod
Alligator Jaw period (13)
GatorTeethPeriod
Alligator Teeth period (8)
GatorLipsPeriod
Alligator Lips period (5)
GatorMode
Alligator method (MODE_SMMA)
AdxPeriod
ADX period (14)
AdxLow
ADX Weak Trend level (25)
AdxHigh
ADX Strong Trend level (50)
RsiPeriod
RSI period (13)
RsiLow
RSI Oversold level (33)
RsiHigh
RSI Overbought level (66)

The pips value displayed is the difference of maximum and minimum prices of the current chart.

Please have a look at Easy Websocket Library for MT5, if you're a MQL developer
https://www.mql5.com/en/market/product/43649

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Version 1.20 2019.11.27

Released as free version

Version 1.12 2019.11.27

fixing ressource path

Version 1.10 2019.11.27

fixed ressource path issue