Multi Time Frame (MTF) Indicator guideline
Multi Time Frame indicator for MT4 or MT5 represents a useful analytical tool for chartists using Metatrader. In fact, it provides traders with strong insights into any financial markets. Also, it’s important to mention that the multi time frame indicator for Tradingview can perform at all intraday terms and daily, weekly and monthly charts. This indicator can consider a particular asset’s market in all available time intervals.
Multi Time Frame indicator guide
What is a Multi Time Frame Indicator ?
Multi Time Frame indicator (MTFI) is a technical indicator available for MetaTrader, widely used among professional traders and investors. Before buying an asset, a trader should take a look at the security’s previous price movements and deeply observe them, detect trends, and make use of those trends. In other words, the trader should take a look at each time frame available so that he can buy at the lowest price of the period and sell at the highest price of the period, which allows him to make a lot of profit with the lowest possible risk. Indeed, a time frame could be minutes, hours, days, weeks, or even years …
Time is money and should not be wasted in detecting trends manually, that’s where the MTFI comes in handy, as it helps traders capture trends and patterns in any time frame, effortlessly and rapidly. So that traders could act immediately. Also, the MTFI is a really flexible tool, it works for all types of securities, including stocks, derivatives, ETFs, currencies, and even commodities.
Advantages of multi-timeframe analysis
- MTFI helps in decision-making.
- It makes trends more visible on longer time frames
- Reversal signals (Entry/Exit) are more visible in short time frames.
- It’s considered as an eagle eye by professionals as it helps them monitor the market through signals and alerts.
How to use the MTF Indicator?
The majority of professional traders and wealthy investors choose 3-time frames which are:
- Short time frame (Could be 5,10,15 or 30 minutes depending on the financial security and its volatility)
- A medium time frame (Could be 1 hour, 2 hours, 3 hours,4 hours, or even 8 hours)
- A long-time frame (Typically 1 day, 2 days up to a few weeks).
A trader must have a good understanding of Time Frames and the analyzed security. Else, a bad selection of time frames for the security (as stated earlier, time frames depend on the asset and its volatility) could lead to an Analysis Paralysis or a misleading alert which in turn could make traders skip some important trends/events.
Download Multi Time frame Indicator for MT4
Multi time frame indicator for MT4 is a widely used technical tool among traders. It gives an overall insight into financial markets condition. However, when analyzing charts with the MT4 indicator, traders usually prefer to start from an extended timeframe to a short timeframe. Hence, they will understand clearly the general formation of price moves in detail. In addition, they will learn how the price of a particular security moves, how patterns and figures form in markets, and even candlesticks shapes.
Download Multi Time frame Indicator for MT5
Multi time frame indicator for MT5 represents a powerful MT5 tool that helps traders to assess the overall trend of a particular security in the financial market. In fact, it shows the long, intermediate, and short time frames respectively. So, with these multiple overviews of the market movements, traders will have a deeper insight into the market tendencies.
Download Multi Time frame Indicator for Tradingview
Multi time frame indicator Tradingview allows traders to display the status of a financial asset for all timeframes on the chart. Thereby, it provides a clear overview of the FX movements of the underlying asset during multiple time intervals. For instance, a financial asset in the long time frame may be in an upward trend. While it might be in a downward tendency in a short or intermediate time frame. Thus, we will avoid opening new MT5 orders. As a result, this indicator will help traders to improve their trade efficiency.
In brief, using the MTFI will serve in delivering a better and clear overview of three different time frames of a particular security on the same chart. Therefore, it will be a helpful tool that assists traders while making accurate trading decisions.