Skip to content
All library documents

Selecting a Higher Timeframe for the RBVI Indicator in MetaTrader 5

Article MQL5 code base
Read the original

Summary

This short note describes a higher-timeframe option for the RBVI indicator in MetaTrader 5. Its timeframe input allows the user to choose the chart period used by the indicator, with a four-hour period shown as the default example. This makes it possible to view RBVI values calculated on a selected timeframe while working with the indicator in a terminal.

The document also gives a setup requirement: the compiled RBVI indicator file must be placed in the terminal’s indicators folder for the higher-timeframe version to operate. It does not explain what RBVI measures, how its values are calculated, or how to use the indicator to generate trades. No charts, test results, or risk guidance are included, so the content is best understood as a narrow configuration note rather than an evaluation of an indicator-based strategy.

Key ideas

  • The RBVI variant includes an input for selecting the indicator calculation timeframe.
  • A four-hour timeframe is given as the default example.
  • The compiled RBVI indicator file must be installed in the MetaTrader 5 indicators directory.
  • The note does not explain RBVI's calculation, signal interpretation, or trading performance.

Tags

Technical indicators

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