Multi Time Frame

Features of the Multi Time Frame Indicator

By showing three distinct time-frames of a single currency pair on the same chart, the Multi Time Frame Indicator (MTF) for MT4 provides a greater understanding of the forex market. The chart’s indicator window shows these three time intervals. The timeframe bars in this indicator are displayed from higher to lower timeframes. These are the weekly timeframe (W1), daily timeframe (D1), and 4-hour timeframe (H4), respectively.

How the Indicator Can Benefit You

By using this indicator, traders can decide whether to go long or short in the currency market. This is because:

• The Indicator provides varying viewpoints and analyses of a currency pair over three periods.
• The indicator allows traders to be aware of the thoughts of other market players.
• The indicator allows traders to recognise shifts in trends sooner.
• The indicator assists in verifying the change in trend over a longer time.
• The indicator allows traders to identify potential areas of support or resistance.
• The indicator lets traders view a specific currency pair’s small, medium, and large picture.

Additionally, this indicator can assist traders in making the earliest entry or exit from a trade. The longer the time frames in the currency market, the more significance they should have. Thus, before traders decide to buy or sell, the market analysis should start from the higher time frames and work its way down to the lower time frames.

Indicator Setting Description

TF1: This input displays the first time frame on the indicator window.

TF2: This input displays the second time frame on the indicator window.

TF3: This input displays the third time frame on the indicator window.

Bars Per TF: This input allows you to change the number of bars displayed on each timeframe.