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Using a Selected Chart Timeframe with the TrendValue Indicator

Article MQL5 code base
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Summary

The document introduces a higher-timeframe version of the TrendValue indicator. Its stated feature is a user-selectable chart period, with four-hour candles shown as the default setting. This lets the indicator use a timeframe chosen through its input parameters rather than requiring the timeframe to be fixed by the chart on which it is placed. The page identifies the indicator and gives a basic installation note for the compiled file in the platform’s indicator directory.

The document provides no explanation of how TrendValue calculates its values, how its signals should be interpreted, or how it was tested. It includes no performance evidence, asset-specific guidance, or risk controls. As a result, the educational content is limited to the timeframe-selection feature and installation context; the indicator’s trading meaning cannot be assessed from this description alone.

Key ideas

  • TrendValue is presented as an indicator that can use a selectable chart timeframe.
  • The parameter example sets the indicator period to four hours by default.
  • The page gives a basic instruction for placing the compiled indicator in the platform’s indicators folder.
  • It does not describe the indicator’s calculation, signals, testing, or risk controls.

Tags

Technical indicators

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