Multi-Timeframe Candle Alignment for Directional Signals

Summary

This indicator signals a directional trend when candles agree across four timeframes: a buy signal appears when all are bullish, and a sell signal appears when all are bearish. The timeframe selection is configurable, with three periods shown as inputs and the chart timeframe also contributing to the alignment.

The description gives an important constraint: the indicator is intended to operate only on timeframes below the three configured in the associated expert advisor inputs. It provides no performance results, entry or exit management rules, or evidence that candle agreement predicts profitable moves. The source notes that it was originally written in MQL4 and published in 2012, so the explanation is best treated as a description of signal logic rather than a validated trading system.

Key ideas

• The indicator signals only when candles align in direction across four timeframes.
• Bullish alignment produces a buy signal, while bearish alignment produces a sell signal.
• Configured timeframe choices constrain which chart timeframes the indicator can use.
• The document provides no testing results or evidence of profitability.

Tags

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