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Using a Selected Higher Timeframe for an RBVI Histogram

Article MQL5 code base
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Summary

This brief description presents a higher-timeframe version of the RBVI_Histogram indicator. A timeframe input determines the chart period from which the histogram indicator draws its values; the example default is a four-hour period. This allows the indicator to be used on a chart while referring to a separately selected timeframe.

The document gives an installation prerequisite: the compiled base RBVI_Histogram indicator must be present in the platform’s indicators directory for the higher-timeframe version to operate correctly. It includes a figure reference, but offers no explanation of how RBVI is calculated, how higher-timeframe values align with lower-timeframe bars, or how to interpret the histogram as a signal. No strategy rules or performance evidence are supplied, so the content is limited to the timeframe option and dependency required to run the indicator.

Key ideas

  • The indicator adds an input for selecting the timeframe used to calculate the RBVI histogram.
  • The documented default timeframe is four hours.
  • The compiled base RBVI_Histogram indicator must be installed for the higher-timeframe version to work.
  • The description does not define RBVI calculations or provide signal interpretation or performance evidence.

Tags

Technical indicators

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