#MTF Forex freedom Bar v2_60m_Hercs

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Author: Copyright � 2006, Eli hayun
#MTF Forex freedom Bar v2_60m_Hercs

The #MTF Supertrend Bar is a multi-timeframe technical analysis tool designed to help traders identify market trends by synchronizing data from four different timeframes simultaneously. Instead of looking at a single chart, this script aggregates information across various periods to provide a clearer picture of the overall market direction.

How the Logic Works

1. Multi-Timeframe Synchronization The core logic of this script is its ability to "look" at multiple timeframes at once (for example: 5-minute, 15-minute, 30-minute, and 1-hour charts). It captures price movement data from these different intervals and maps them onto your current screen.

2. Trend Detection via CCI The script uses a technical indicator called the Commodity Channel Index (CCI) to determine the trend for each of those four timeframes.

  • If the CCI value is negative, the script identifies the trend as "Down."
  • If the CCI value is positive, it identifies the trend as "Up."

3. Data Aggregation and Visual Mapping The tool takes the results from all four timeframes and plots them in a separate window on your platform. To keep the information organized and easy to read:

  • Each timeframe is assigned its own distinct visual level.
  • It uses a "Gap" setting to ensure the lines representing each timeframe are separated vertically, preventing them from overlapping and becoming cluttered.
  • The script automatically updates labels so you can see exactly which line corresponds to which timeframe (e.g., M5, H1, etc.).

4. The "Forex Freeway" Signal (Confluence) This is the most important functional part of the script. It looks for confluence, which means it checks if all four timeframes are agreeing on the same direction at the same time.

  • Buy/Up Signal: If all four timeframes show a positive trend simultaneously, the script recognizes a strong "Up" movement.
  • Sell/Down Signal: If all four timeframes show a negative trend simultaneously, it recognizes a strong "Down" movement.

5. Automated Alerts When the script detects that all four timeframes have aligned in the same direction, it triggers an automated action. It will play an alert sound and print a notification in the system logs confirming the specific direction of the trend. This allows traders to stay informed of major market shifts without having to manually watch four different charts at once.

Summary for the User

Essentially, this tool acts as a "filter." It ignores minor fluctuations on a single timeframe and only alerts you when the broader market—spanning across multiple timeframes—is moving in a unified direction. This helps in identifying high-probability trends where the short-term, medium-term, and long-term movements are all in harmony.

Indicators Used
Commodity channel index
Miscellaneous
Implements a curve of type %1It plays sound alerts
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#MTF Forex freedom Bar v2_60m_Hercs 
//+------------------------------------------------------------------+
//|                                          #MTF Supertrend Bar.mq4 |
//|                                      Copyright © 2006, Eli hayun |
//|                                          http://www.elihayun.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Eli hayun"
#property link      "http://www.elihayun.com"

#property indicator_separate_window
#property indicator_minimum -0.5
//#property indicator_maximum 5
#property indicator_buffers 8
#property indicator_color1 Red
#property indicator_color2 DodgerBlue
#property indicator_color3 Red
#property indicator_color4 DodgerBlue
#property indicator_color5 Red
#property indicator_color6 DodgerBlue
#property indicator_color7 Red
#property indicator_color8 DodgerBlue
//---- buffers
double buf4_up[];
double buf4_down[];
double buf3_up[];
double buf3_down[];
double buf2_up[];
double buf2_down[];
double buf1_up[];
double buf1_down[];

extern double Gap = 1; // Gap between the lines of bars

extern int Period_1 = PERIOD_M5;//M15
extern int Period_2 = PERIOD_M15;//M30
extern int Period_3 = PERIOD_M30;//H1
extern int Period_4 = PERIOD_H1;//H4

extern int cci_1    = 34;//50
extern int cci_2    = 34;//14
extern int cci_3    = 14;
extern int cci_4    = 14;

extern bool AutoDisplay      = false;

string shortname = "";
bool firstTime = true;

int UniqueNum = 228;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
  
  
   SetAutoDisplay();
   
  
   shortname = "# Forex Freedom("+Period_1+","+Period_2+","+Period_3+","+Period_4+")";
   firstTime = true;
   
   IndicatorShortName(shortname);
//---- indicators
   SetIndexStyle(0,DRAW_ARROW);
   SetIndexArrow(0,110);
   SetIndexBuffer(0,buf4_up);
   SetIndexEmptyValue(0,0.0);
   SetIndexStyle(1,DRAW_ARROW);
   SetIndexArrow(1,110);
   SetIndexBuffer(1,buf4_down);
   SetIndexEmptyValue(1,0.0);
   SetIndexStyle(2,DRAW_ARROW);
   SetIndexArrow(2,110);
   SetIndexBuffer(2,buf3_up);
   SetIndexEmptyValue(2,0.0);
   SetIndexStyle(3,DRAW_ARROW);
   SetIndexArrow(3,110);
   SetIndexBuffer(3,buf3_down);
   SetIndexEmptyValue(3,0.0);
   SetIndexStyle(4,DRAW_ARROW);
   SetIndexArrow(4,110);
   SetIndexBuffer(4,buf2_up);
   SetIndexEmptyValue(4,0.0);
   SetIndexStyle(5,DRAW_ARROW);
   SetIndexArrow(5,110);
   SetIndexBuffer(5,buf2_down);
   SetIndexEmptyValue(5,0.0);
   SetIndexStyle(6,DRAW_ARROW);
   SetIndexArrow(6,110);
   SetIndexBuffer(6,buf1_up);
   SetIndexEmptyValue(6,0.0);
   SetIndexStyle(7,DRAW_ARROW);
   SetIndexArrow(7,110);
   SetIndexBuffer(7,buf1_down);
   SetIndexEmptyValue(7,0.0);
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   SetAutoDisplay();
   
   shortname = "# Forex Freedom("+Period_1+","+Period_2+","+Period_3+","+Period_4+")";
   firstTime = true;
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   int    counted_bars=IndicatorCounted();
   int i=0, y5m=0, y1h=0, y30m=0, y15m=0, yy;
   int limit=Bars-counted_bars;

   datetime TimeArray_1H[], TimeArray_30M[], TimeArray_15M[], TimeArray_5M[];
//----

   
   
   if (firstTime || NewBar())
   {
      firstTime = false;
      int win = UniqueNum; // WindowFind(shortname);
      double dif = Time[0] - Time[1];
      for (int ii=ObjectsTotal()-1; ii>-1; ii--)
      {
         if (StringFind(ObjectName(ii),"FF_"+win+"_") >= 0)
            ObjectDelete(ObjectName(ii));
         else 
            ii=-1;
      }
      
      double shift = 0.2;
      for (ii=0; ii<4; ii++)
      {  
         string txt = "??";
         double gp;
         switch (ii)
         {
            case 0: txt = tf2txt(Period_1);  gp = 1 + shift;         break;
            case 1: txt = tf2txt(Period_2);  gp = 1 + Gap + shift;   break;
            case 2: txt = tf2txt(Period_3);  gp = 1 + Gap*2 + shift; break;
            case 3: txt = tf2txt(Period_4);  gp = 1 + Gap*3 + shift; break;
         }
         string name = "FF_"+win+"_"+ii+"_"+txt;
         ObjectCreate(name, OBJ_TEXT, WindowFind(shortname), iTime(NULL,0,0)+dif*3, gp);
         ObjectSetText(name, txt,8,"Arial", Silver);
      }
   }
   
   ArrayCopySeries(TimeArray_1H,MODE_TIME,Symbol(),Period_4); 
   ArrayCopySeries(TimeArray_30M,MODE_TIME,Symbol(),Period_3); 
   ArrayCopySeries(TimeArray_15M,MODE_TIME,Symbol(),Period_2);
   ArrayCopySeries(TimeArray_5M,MODE_TIME,Symbol(),Period_1); 
      
   for(i=0, y5m=0,  y1h=0,  y30m=0,  y15m=0;i<limit;i++)
   {
      if (Time[i]<TimeArray_5M[y5m]) y5m++;
      if (Time[i]<TimeArray_1H[y1h])   y1h++;
      if (Time[i]<TimeArray_30M[y30m])   y30m++;
      if (Time[i]<TimeArray_15M[y15m]) y15m++;
      
      int cci_n = cci_1;
      for (int tf = 0; tf < 4; tf++)
      {
         int prd;
         switch (tf)
         {
            case 0: prd = Period_1; cci_n = cci_1; yy = y5m;   break;
            case 1: prd = Period_2; cci_n = cci_2; yy = y15m;   break;
            case 2: prd = Period_3; cci_n = cci_3;  yy = y30m;   break;
            case 3: prd = Period_4; cci_n = cci_4;  yy = y1h;   break;
         }
         
         double cci = iCCI(NULL, prd, cci_n,PRICE_TYPICAL, yy);
         double dUp = EMPTY_VALUE; //   iCustom(NULL, prd, "SuperTrend", false, 1, yy);
         double dDn = EMPTY_VALUE; //iCustom(NULL, prd, "SuperTrend", false, 0, yy);
         
         if (cci < 0) dUp = 1; else dDn = 1;
         
         switch (tf)
         {
            case 0: if (dUp == EMPTY_VALUE)  buf1_down[i] = 1;           else buf1_up[i] = 1; break;
            case 1: if (dUp == EMPTY_VALUE)  buf2_down[i] = 1 + Gap * 1; else buf2_up[i] = 1 + Gap * 1; break;
            case 2: if (dUp == EMPTY_VALUE)  buf3_down[i]  = 1 + Gap * 2; else buf3_up[i]  = 1 + Gap * 2; break;
            case 3: if (dUp == EMPTY_VALUE)  buf4_down[i]  = 1  + Gap * 3; else buf4_up[i]  = 1 + Gap * 3; break;
         }
         if (NewBar())
         {
            string sDir = "";
            if (buf1_up[0] + buf2_up[0] + buf3_up[0] + buf4_up[0] == 4)
               sDir = "Up";
            if (buf1_down[0] + buf2_down[0] + buf3_down[0] + buf4_down[0] == 4)
               sDir = "Down";
            if (sDir != "")
            {
               PlaySound("alert1.wav");
               Print("Forex freeway - Direction ",sDir);
            }
         }         
         
      }


   }

   return(0);
  }
//+------------------------------------------------------------------+

string tf2txt(int tf)
{
   if (tf == PERIOD_M1)    return("M1");
   if (tf == PERIOD_M5)    return("M5");
   if (tf == PERIOD_M15)    return("M15");
   if (tf == PERIOD_M30)    return("M30");
   if (tf == PERIOD_H1)    return("H1");
   if (tf == PERIOD_H4)    return("H4");
   if (tf == PERIOD_D1)    return("D1");
   if (tf == PERIOD_W1)    return("W1");
   if (tf == PERIOD_MN1)    return("MN1");
   
   return("??");
}

void SetValues(int p1, int p2, int p3, int p4)
{
   Period_1 = p1;   Period_2 = p2; Period_3 = p3; Period_4 = p4; 
}


void SetAutoDisplay()
{
   if (AutoDisplay)
   {
      switch (Period())
      {
         case PERIOD_M1  :  SetValues(PERIOD_M1,  PERIOD_M5, PERIOD_M15,PERIOD_M30); break;
         case PERIOD_M5  :  SetValues(PERIOD_M5,  PERIOD_M15,PERIOD_M30,PERIOD_H1); break;
         case PERIOD_M15 :  SetValues(PERIOD_M5,  PERIOD_M15,PERIOD_M30,PERIOD_H1); break;
         case PERIOD_M30 :  SetValues(PERIOD_M5, PERIOD_M15,PERIOD_M30, PERIOD_H1); break;
         case PERIOD_H1  :  SetValues(PERIOD_M15, PERIOD_M30,PERIOD_H1, PERIOD_H4);  break;
         case PERIOD_H4  :  SetValues(PERIOD_M30, PERIOD_H1, PERIOD_H4, PERIOD_D1);  break;
         case PERIOD_D1  :  SetValues(PERIOD_H1,  PERIOD_H4, PERIOD_D1, PERIOD_W1); break;
         case PERIOD_W1  :  SetValues(PERIOD_H4,  PERIOD_D1, PERIOD_W1,PERIOD_MN1); break;
         case PERIOD_MN1 :  SetValues(PERIOD_H4,  PERIOD_D1, PERIOD_W1,PERIOD_MN1);  break;
      }
   }
   
}

bool NewBar()
{
   static datetime dt = 0;
   
   if (Time[0] != dt)
   {
      dt = Time[0];
      return(true);
   }
   return(false);
}

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