How to use MT5/MT4
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This indicator can display the state of one out of four types of oscillator indicators on a sub-chart. The available indicators to display are RSI, Stochastic, CCI, and Psychological Line. Additionally, being multi-timeframe capable, it allows the display of longer timeframe indicators simultaneously, enabling analysis at multiple levels.
【Example showing the state of the RSI for 1-hour and daily timeframes on a 1-hour chart】
It displays the RSI value and changes from the previous period differentiated by color.
Specifically, it displays as follows:
| RSI Value | Change from Previous Period | Default Color (Setting Number) |
|---|---|---|
| Above 70 | Increasing | Red (0) |
| Above 70 | Decreasing | Pink (1) |
| Between 30 and 70 | ー | Grey (2) |
| Below 30 | Increasing | Light Blue (3) |
| Below 30 | Decreasing | Blue (4) |
【Example showing the state of RSI (Note: RSI itself is not displayed by this indicator.)】
It displays the state of the Stochastic values.
Specifically, it differentiates by color as follows:
| Stochastic Value | Change from Previous Period | Default Color (Setting Number) |
|---|---|---|
| Above 80 | Increasing | Red (0) |
| Above 80 | Decreasing | Pink (1) |
| Between 20 and 80 | ー | Grey (2) |
| Below 20 | Increasing | Light Blue (3) |
| Below 20 | Decreasing | Blue (4) |
【Example showing the state of Stochastic (Note: Stochastic itself is not displayed by this indicator.)】
It displays the state of the CCI values.
Specifically, it differentiates by color as follows:
| CCI Value | Change from Previous Period | Default Color (Setting Number) |
|---|---|---|
| Above 100 | Increasing | Red (0) |
| Above 100 | Decreasing | Pink (1) |
| Between -100 and 100 | ー | Grey (2) |
| Below -100 | Increasing | Light Blue (3) |
| Below -100 | Decreasing | Blue (4) |
【Example showing the state of CCI (Note: CCI itself is not displayed by this indicator.)】
It displays the state of the Psychological Line values.
Specifically, it differentiates by color as follows:
| Psychological Line Value | Change from Previous Period | Default Color (Setting Number) |
|---|---|---|
| Above 75 | Increasing | Red (0) |
| Above 75 | Decreasing | Pink (1) |
| Between 25 and 75 | ー | Grey (2) |
| Below 25 | Increasing | Light Blue (3) |
| Below 25 | Decreasing | Blue (4) |
【Example showing the state of the Psychological Line (Note: Psychological Line itself is not displayed by this indicator.)】
※ This indicator operates exclusively on TitanFX's Windows version of MT5 and MT4.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
| Variable Name | Description | Default |
|---|---|---|
| Timeframe | Specifies the timeframe to display. 'Current' displays the current chart's timeframe, while other options allow for longer timeframes. | current |
| Type of indicator | Specifies which indicator's data to display. Choices include RSI, Stochastic, CCI, Psychological Line. | Stochastic |
| Parameter 1 | Specifies the first parameter. For RSI, CCI, Psychological Line, it sets the period; for Stochastic, it specifies the period for calculating %K. | 5 |
| Parameter 2 | Specifies the period for calculating %D. | 3 |
| Parameter 3 | Specifies the slowing period. | 3 |
| MT5 | MT4 | Description |
|---|---|---|
| 0 | 0 | Specifies the color and thickness of the line for state 0. |
| 1 | 1 | Specifies the color and thickness of the line for state 1. |
| 2 | 2 | Specifies the color and thickness of the line for state 2. |
| 3 | 3 | Specifies the color and thickness of the line for state 3. |
| 4 | 4 | Specifies the color and thickness of the line for state 4. |
