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FTR Multi Timeframe

The FTR Multi-Timeframe indicator is a versatile tool that can add great value to your trading arsenal.

This indicator is intended to be used to add confluence to your already existing trading strategy, such as, breakout & retest, supply and demand, patterns or continuation trading.

FTR Multi-Timeframe is a continuation indicator.

Rules are attached as a screenshot.


Settings for Demo/Strategy Tester:

  • Set Server_Time_Filter to false in indicator settings (IMPORTANT!).
  • Tick 'Show object descriptions' in chart settings (right click chart -> Properties -> Common -> Show Object Descriptions) to see which timeframe rectangle is drawn.

Features:

  • Enhanced FTR's conditions set by myself.
  • Multi-timeframe (up to 4H) - conveniently open one chart to scan 1M, 5M, 15M, 30M, 1H and 4H.
  • Moving average filter can be applied to filter poor trades - Simple, Exponential, Smooth, Linear Weighted Moving Average with Period and Shift inputs (14 EMA recommended).
  • Option to look for Engulf FTR's only - refer to attached screenshot.
  • Minimum FTR body size in pips can be set to further filter out poor setups.
  • Server Time Filter can be set to only send alerts between certain hours (for example, between 08:00 and 15:00).
  • Day and Server time can be displayed (location of label also can be changed to a different corner) with green indicating that the indicator is scanning the charts.
  • Rectangles can be drawn for FTR's.
  • Either one rectangle drawn at a time (using 4H customisable colour) OR rectangle drawn for each timeframe with customisable colours.
  • Rectangle object description label contains timeframe which the FTR formed (right click chart -> Properties -> Common -> Show Object Descriptions).
  • Candle history limit can be set to scan previous FTR's.
  • Alerts can be set to be sent to MT4 mobile app, email or audible alerts (email and mobile app notifications can be setup by going to Tools -> Options).
  • Refer to screenshot to see all indicator settings.
  • Alerts do not repaint - notification only sent on confirmation.
Trading examples are attached as screenshots.

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    Versión 1.71 2021.08.02
    Server_Time_Filter defaults to false to avoid complexity when using Strategy Tester
    Versión 1.70 2021.08.02
    Server_Time_Filter bug fix