Traders use multi-time frame chart analysis all the time. The goal is to find a strong trend to enter into a trade or some real breakout.
It is hard to monitor several assets at the same time and check trends in various time frames.
Metatrader indicators can create a dashboard and an easy way for traders to monitor trends in different time frames.
What is Trend Dashboard Indicator MT4?
Trend dashboard indicator is an MT4 indicator that will draw the dashboard section below the main chart where the trader can monitor several time frames and trends in each time frame. Indicator plots trend information for MACD, Stochastic, Moving Average, and RSI MetaTrader indicators.
Trend Dashboard Indicator MT4 download
Below you can download the fx dashboard indicator and see how it works.
Dashboard Mt4 indicator
Please copy the ex4 file into the Indicators directory.
As we can see in the image, the fx dashboard indicator represents trends as “up” or “down” for timeframes such as 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, and weekly. Users can choose several times frames. In addition, the indicator will show all details regarding the currency pair or any other MT4 asset.
What are the disadvantages of the trend dashboard indicator?
The advantage is the lack of indicator setting modification opportunity, and too much information on the dashboard screen.