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Multi-Timeframe Moving Average Display Modes

Article MQL5 code base
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Summary

This indicator description explains how to plot a moving average calculated on one timeframe over a chart using another timeframe. It lists inputs for the calculation period and method, the applied price, the calculation timeframe, and the drawing mode. The indicator can display the higher-timeframe values as horizontal steps or connect neighboring values with sloped lines.

The examples describe plotting four-hour data on an hourly chart, with each of the two drawing modes illustrated. This is a charting tool rather than a trading strategy: the document does not specify entry or exit rules, signal interpretation, or performance evidence. Its use depends on choosing inputs appropriate to the instrument and chart, and the description alone does not establish that the indicator predicts price movements.

Key ideas

  • The indicator overlays moving-average values from a selected timeframe onto another chart timeframe.
  • Its inputs include the period, calculation method, applied price, timeframe, and drawing mode.
  • Step mode holds a value across the calculation interval, while slope mode connects neighboring values.
  • Examples show four-hour calculations displayed on an hourly chart.
  • The description provides no trading rules or evidence of predictive performance.

Tags

Technical indicatorsEquities

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