SimpleScalp_MTF - MetaTrader 5 script | Scalping EA download - MT4/MT5 resources

Original author:

Semaphore indicator for directional trends. Buy and sell signals occur when all candles within the 4 timeframes set in the input parameters of the indicator and its chart are bullish or bearish.

When using this indicator, keep in mind that it will only work on less than 3 timeframes set in the EA input parameters:

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Input ENUM_TIMEFRAMES time range 1 = PERIOD_H1 ; // Chart 1 period
Input ENUM_TIMEFRAMES time range 2 = PERIOD_M30 ; // Figure 2 period
Input ENUM_TIMEFRAMES time range 3= PERIOD_M15 ; //Chart 3 period

This indicator was originally written in MQL4 and first published in the code base on February 16, 2012.

Figure 1. SimpleScalp_MTF indicator

Attachment download

📎 simplescalp_mtf.mq5 (8.07 KB)

Source: MQL5 #12526