BackTrade Assistant

Trade Assistant MetaTrader is a multi time frame indicator, based on three standard indicators: Stochastic, RSI and CCI. It shows the current’s spread direction for the following time frames: M5, M15, M30, H1, H4 and D1. Monitoring this indicator allows you to shape a comprehensive vision of trends in all time frames. No matter what time frame is there on the chart to which you link this indicator. It is also not recommended to alter the entry parameters. Entry parameters: PercentK (8 by default) — a time frame of bars needed for calculating %K Stochastic line. PercentD (3 by default) — a time frame of bars needed to calculate %K Stochastic line. Slowing (3 by default) — a value of slowing Stochastic parameter. RSIP1 (14 by default) — a time frame of the first indicator RSI (rapid). RSIP2 (70 by default) — a time frame of the second indicator RSI (slow). Other parameters represent the codes of symbols designed to reflect trend direction arrows. It is better to leave them unchanged. Yet the way of applying this indicator is clear – I suggest buying and selling only when all the indicators show the same direction for not only your time frame, but also for the two neighboring ones. For example, buy in M30 time frame only if all the indicators suggest buying, the same with M15 and H1 time frames.

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Forex Analysis