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A Completed-Candle Dashboard for Multi-Timeframe Trend Regimes

Article MQL5 code base

Summary

This document describes a MetaTrader 5 indicator that condenses several market readings into a dashboard using completed candles. It combines fast and slow EMA relationships, price versus a filter EMA, short-term EMA slope, ADX and directional indicators, higher-timeframe agreement, ATR context, recent-range breakout position, and spread relative to volatility. The panel labels conditions as bullish, bearish, ranging, or transitioning, with directional regimes requiring alignment between the signal timeframe and a higher timeframe.

The suggested example uses a US500 H4 chart with H4 signals and D1 confirmation, while allowing the user to change the timeframes and indicator parameters. All regime checks use the prior completed bar, excluding the candle still forming. The document explains the dashboard’s inputs and intended interpretation, but offers no backtest, trading rules, or evidence that its readings predict returns. It is decision support only; the example settings are a starting point, and the indicator does not place or manage trades.

Key ideas

  • The dashboard combines moving-average structure, trend strength, volatility, breakout position, and spread context.
  • A directional regime requires agreement between the signal timeframe and the higher timeframe.
  • ATR and candle body size help interpret price movement relative to recent volatility.
  • Using completed bars excludes the still-forming candle from regime decisions.
  • The document provides no performance evaluation, and the indicator does not execute trades.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.