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(edited by experttrader 10-24-14 10:19:14)

Higher TimeFrame Trend Indicator

Topic: Higher TimeFrame Trend Indicator

This indicator displays the overall trend of a higher timeframe on the current (lower timeframe) chart as follows:

If MA_1 < MA_2 < MA_3 < MA_4 on the higher timeframe MA proper order has been established and a down trend is in place. On the current, lower timeframe chart and red line will appear to indicate this. The red line is based on the PCI (Price Channel Index) indicator and can be used as a support line. If in inbuilt RSI indicator is enabled, any time the RSI goes in overbought territory an alert is given as a warning that a possible reversal is more likely i.e. lower timeframe trend resumes higher timeframe overall trend. Entering on a close below the red PCI support line is recommended. See example picture below.

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Higher_TimeFrame_Trend_.mq4 7.01 kb, 10 downloads since 2014-10-24 

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Re: Higher TimeFrame Trend Indicator

Thanks for the good things as you upload but can you show some instruction for use this as I am newbie

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Re: Higher TimeFrame Trend Indicator

thank u for ur share...
can u show how to use it?

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Re: Higher TimeFrame Trend Indicator

thank you a lot for your indicator.
It repainting???
Please, show pic how to use.

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Re: Higher TimeFrame Trend Indicator

Please provide the back test or forward test result on this indicator.

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Re: Higher TimeFrame Trend Indicator

where is the test results...you must be upload the test results?

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Re: Higher TimeFrame Trend Indicator

thanks very much.....Marry Xmas and Happy new year 2014

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Re: Higher TimeFrame Trend Indicator

Thanks for sharing looks like a good indicator i can use for my system

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Re: Higher TimeFrame Trend Indicator

I like your idea, thank you for share, I will try with it on TF day and montly

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