Индикатор Форекс Trender-color-mtf

This all-in-one indicator displays real-time market structure (internal & swing BOS / CHoCH), order blocks, premium & discount zones, equal highs & lows, and much moreallowing traders to automatically mark up their charts with widely used price action methodologies. Following the release of our Fair Value Gap script, we received numerous requests from our community to release more features in the same category. "Smart Money Concepts" (SMC) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to finding more practical entries & exits based on price action.

The indicator includes alerts for the presence of swing structures and many other relevant conditions.

‍Features

‍This indicator includes many features relevant to SMC, these are highlighted below:

• Full internal & swing market structure labeling in real-time
  
• Break of Structure (BOS)
  
• Change of Character (CHoCH)
  
• Order Blocks (bullish & bearish)
  
• Equal Highs & Lows
  
• Fair Value Gap Detection
  
• Previous Highs & Lows
  
• Premium & Discount Zones as a range
  
• Options to style the indicator to more easily display these concepts
  

‍Settings‍

• Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart.
  
• Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome.
  
• Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
  
• Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH).
  
• Confluence Filter: Filter non-significant internal structure breakouts.
  
• Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels).
  
• Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL.
  
• Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart.
  
• Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart.
  
• Equal Highs & Lows: Displays EQH / EQL labels on chart for detecting equal highs & lows.
  
• Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH / EQL symbol on chart.
  
• Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart.
  
• Auto Threshold: Filter out non-significant fair value gaps.
  
• Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection.
  
• Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart.
  
• Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels.
  
• Premium/ Discount Zones: Allows the user to display Premium, Discount, and Equilibrium zones on the chart

Usage

Users can see automatic CHoCH and BOS labels to highlight breakouts of market structure, which allows to determine the market trend. In the chart below we can see the internal structure which displays more frequent labels within larger structures. We can also see equal highs & lows ( EQH / EQL ) labels plotted alongside the internal structure to frequently give indications of potential reversals.

In the chart below we can see the swing market structure labels. These are also labeled as BOS and CHoCH but with a solid line & larger text to show larger market structure breakouts & trend reversals. Users can be mindful of these larger structure labels while trading internal structures as displayed in the previous chart.

Order blocks highlight areas where institutional market participants open positions, one can use order blocks to determine confirmation entries or potential targets as we can expect there is a large amount of liquidity at these order blocks. In the chart below we can see 2 potential trade setups with confirmation entries. The path outlined in red would be a potential short entry targeting the blue order block below, and the path outlined in green would be a potential long entry, targeting the red order blocks above.

As we can see in the chart below, the bullish confirmation entry played out in this scenario with the green path outlined in hindsight. As price breaks though the order blocks above, the indicator will consider them mitigated causing them to disappear, and as per the logic of these order blocks they will always display 5 (by default) on the chart so we can now see more actionable levels.

The Smart Money Concepts indicator has many other features and here we can see how they can also help a user find potential levels for price action trading. In the screenshot below we can see a trade setup using the Previous Monthly High, Strong High, and a Swing Order Block as a stop loss. Accompanied by the Premium from the Discount /Premium zones feature being used as a potential entry. A potential take profit level for this trade setup that a user could easily identify would be the 50% mark labeled with the Fair Value Gap & the Equilibrium all displayed automatically by the indicator.

Conclusion

‍This indicator highlights all relevant components of Smart Money Concepts which can be a very useful interpretation of market structure, liquidity, & more simply put, price action. The term was coined & popularized primarily within the forex community & by ICT while making its way to become a part of many traders' analysis. These concepts, with or without this indicator do not guarantee a trader to be trading within the presence of institutional or "bank-level" liquidity, there is no supporting data regarding the validity of these teachings.

Introduction to the MTF Candles Indicator

Most successful traders would consider multiple timeframes whenever they trade. This gives them a better picture of what the market is doing on the short-term and long-term.

The MTF Candles Indicator is a useful tool that can help traders observe price action on multiple timeframes.

What is the MTF Candles Indicator?

The abbreviation “MTF” stands for “Multi Timeframe”. As the name suggests, the MTF Candles Indicator displays the candles from various timeframes.

The MTF Candles Indicator is a custom technical indicator which displays the price action on a chosen timeframe different from the current timeframe on the price chart.

Although this indicator is named “MTF Candles”, this indicator does not display a candle chart formation to represent the chosen timeframe. Instead, it plots a bar chart type of display to represent the price action from the chosen timeframe.

This indicator plots a horizontal line to indicate the open and close price levels and a vertical line to represent the range of the period on the chosen timeframe. The horizontal line on the left of the vertical bar represents the open price, while the horizontal line on the right of the vertical bar represents the close price of the bar. The color of the vertical bar indicates the direction of the candle. Light blue vertical bars indicate a bullish bar, while red bars indicate a bearish bar.

How the MTF Candles Indicator Works?

The MTF Candles Indicator has an algorithm which uses the price feed from the broker. It then plots the last four bars representing the price action of the chosen timeframe.

The color of the bars would depend on whether the close price is higher or lower compared to the open price. It plots a light blue bar if the close price is higher than the open price. It plots a red bar if the close price is lower compared to the open price.

How to use the MTF Candles Indicator for MT4

The MTF Candles Indicator has a few options which can be modified within the indicator settings.

The “Candle TF” variable is used to modify the timeframe displayed as a bar chart. This variable is based on minutes. As such, users must convert the timeframe into minutes. For example, to plot the H1 timeframe price bars, users should encode To plot the H4 timeframe price bars, users should encode

The “Up Candle Color” option allows users to choose the color of the bar the indicator would plot if the bar is bullish.

On the other hand, the “Down Candle Color” option allows users to choose the color of the bar if the bar is bearish.

MTF Candles on a Higher or Lower Timeframe

Using the MTF Candles on a higher timeframe allows users to view how price action formed within the latest candle on the higher timeframe. For example, using the H4 MTF Candles on a Daily chart would allow users to see the H4 price action.

On the other hand, using the MTF Candles on a lower timeframe allows users to see what the price action is on the lower timeframe. For example, using the H4 MTF Candles on the 1 hour timeframe would allow users to see the bigger picture price action based on the 4-hour timeframe.

Conclusion

Although this indicator does not show trade signals or trend direction, it allows users to view the price action on either the higher or lower timeframe. This is a valuable information which traders can use to improve their trading analysis.

MT4 Indicators &#; Download Instructions

This is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.

This MT4 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT4 Strategies

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How to install MT4 Indicator?

• Download the mq4 file.
• Copy mq4 file to your Metatrader Directory / experts / indicators /
• Start or restart your Metatrader 4 Client
• Select Chart and Timeframe where you want to test your MT4 indicators
• Search &#;Custom Indicators&#; in your Navigator mostly left in your Metatrader 4 Client
• Right click on the mq4 file
• Attach to a chart
• Modify settings or press ok
• And Indicator will be available on your Chart

How to remove MT4 Indicator from your Metatrader Chart?

• Select the Chart where is the Indicator running in your Metatrader 4 Client
• Right click into the Chart
• &#;Indicators list&#;
• Select the Indicator and delete

(Free MT4 Indicators Download)

Click here below to download:

MTF Candles Indicator for MT4

trender_color_mtf is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.

(downloadable file trender_color_eunic-brussels.eu contains trender_color_eunic-brussels.eu4 )

Free Download trender_color_mtf Mt4 Indicator

How to install trender_color_mtf mt4 indicator in forex trading platform metatrader 4?

• Extract the downloaded trender_color_eunic-brussels.eu
• Go to “File menu” in Mt4 trading platform and click “open data folder”. Open Mql4 folder and open the indicators folder.
• Now paste the trender_color_eunic-brussels.eu4 file(s) into indicators folder and restart the MetaTrader 4.

Forex Trading Systems / Strategies using trender_color_mtf indicator.