Dual Timeframe Range Indicator
Don't miss any trading opportunities! Purchase the Dual Timeframe Range Overlay indicator today to make your trading analysis more intuitive and precise, helping you easily grasp market dynamics.
Are you looking for a more intuitive and accurate way to analyze market trends and catch trading opportunities? We present to you the Dual Timeframe Spatial Overlay indicator, a powerful tool that will help you predict potential price movements and accurately time your trades.
The indicator consists of two powerful components: the Range Indicator and the Space Indicator, which we recommend to be used in combination.
These indicators are designed to visually illustrate the relationship between larger and smaller timeframes, eliminating the need for excessive spatial imagination when analyzing the market. We have also added an automatic line-drawing feature to make it easier for you to predict possible price ranges.
Features:
1. Displays long and short cycle indicators in one chart (can be automatic or customized).
2. Space indicator - Click T to open the auxiliary function, which can display the direction of the long and short period moving averages at the same time. The purple dashed line represents the long period, and the red dashed line represents the short period (used to judge breakthroughs and estimate approximate price ranges in combination with the Range Indicator). Click A to automatically follow, and S to stop following.
3. The Space indicator includes a large period square, making it easy to estimate the range of the trend and the amplitude of the space based on the trend.
4. Range indicator - Click T to open the auxiliary function, which can display the direction of the trend and generates a vertical line at the 80 or 20 mark based on the line drawing to indicate the time (helpful in estimating when overbought or oversold levels will occur based on the current trend). Click A to automatically follow, and S to stop following.
5. The Range indicator can clearly show how changes in the small period cause a turnaround in the larger period, enabling you to anticipate trend reversals in advance and capture more favorable entry positions.
If you have any suggestions regarding indicator functionality, please feel free to contact us. We have more excellent indicators available for sale on MQL5.