Review of the Multi Timeframe Trend Indicator for MT4
What Is the Multi Timeframe Trend Indicator MT4?
MetaTrader’s Supertrend Line indication should be known to you. Supertrend is an indicator that depicts the primary trend of a pair. The trend considers both price and volatility (as expressed by ATR).
One of the Supertrend indicator’s disadvantages is that it might give false indications. This is especially true when the market is volatile.
The MT4 Supertrend Multi-Timeframe indicator attempts to reduce such false signals. It brings together Supertrend indicators from various time periods.
What Are the Benefits of Using the MetaTrader Supertrend Multi-Timeframe Indicator?
Examining the trend on only one chart may result in a limited understanding of the whole trend.
For example, the Supertrend values of the EUR/USD currency pair on an M30 chart may imply an uptrend.
However, the same pair’s Supertrend on an H4 chart may be in a major slump.
Monitoring Supertrend across multiple time periods might provide a tactical view. It may assist you in gaining a better understanding of the overall pattern.
Supertrend Multi-Timeframe (MTF) clearly displays the trending circumstances for each period in an easy-to-read table, assisting you in making more informed decisions.
The multi timeframe indicator mt4 takes only a few parameters and is extremely simple to use and comprehend. Here are a few of its characteristics:
Choosing Timeframes
In Supertrend Multi-Timeframe, you may select which eras to consider; you can activate and deactivate them to just see the ones that interest you.
Choosing the sensitivity of the mt4 multi timeframe indicator
You may change the multiplier to make the Supertrend line more or less responsive to price volatility.
Alert Notifications
You can create options to inform you when a trending condition is satisfied.
Parameters
- ATR Multiplier – the lower it is and the more sensitive is the line, meaning it will follow the price more closely
- ATR Period – The period of the ATR used for the calculation
- ATR Max Bars – Number of bars to draw the lines to
- Candle shift to Calculate the Supertrend – if you want to calculate the Supertrend for previous candles
- Enable Timeframes – To enable or disable specific timeframe result
- Enable Notifications – To Enable or Disable the notifications
- Notify in – To set if notify in Trending or Uncertain situation
- Notification Interval – Specify the minimum interval between notifications
- Send Alert Notifications – To enable or disable on-screen alerts
- Alert Sound – To select the alert sound
- Send Notification to Mobile – To enable or disable the app notifications
- Send Notification to Email – To enable or disable email notifications
- Draw Lines – To enable or disable the display of lines
- Draw Window – To enable or disable the drawing of the window
- Horizontal spacing – a distance of the window from the left border
- Vertical spacing – a distance of the window from the top border
- Indicator Name – Prefix of the objects on the chart
Download Multi Timeframe Trend Indicator MT4 for Free
We highly recommend trying the multi timeframe indicator mt4 with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
