This script functions as a multi-timeframe visual dashboard for MetaTrader, designed to give traders a quick snapshot of market momentum across several different time intervals simultaneously. Instead of requiring you to switch charts constantly to see what is happening on smaller or larger scales, it aggregates that information into a single readable display on your current screen.
Core Functionality
The script monitors a specific technical indicator (the Money Flow Index) and calculates its value across seven different timeframes: 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, and Daily.
Visual Logic and Color Coding
The primary purpose of the tool is to translate complex numerical data into a simple "Heat Map" or "Meter" system. It evaluates the strength of the indicator on each timeframe against a set of pre-defined thresholds. Based on these levels, the dashboard changes colors dynamically:
- High Momentum/Strength: Displays in high-alert colors (like Red or Orange).
- Neutral/Moderate Momentum: Displays in transition colors (like Yellow or Yellow-Green).
- Low Momentum/Weakness: Displays in cooler tones (like Blue or Dark Blue).
By looking at the dashboard, a user can immediately identify if the market trend is一致 (consistent) across all timeframes or if there is a divergence (for example, if the 1-minute chart shows one trend while the Daily chart shows another).
User Interface Features
- Dynamic Positioning: The script includes logic to place the dashboard in specific corners of your chart (Top Right or Top Left by default) so it does not obstruct your price action.
- Adjustable Layout: It features "Shift" and "Adjustment" settings, allowing you to move the labels up, down, or side-to-side to ensure the dashboard fits perfectly with your specific layout.
- Customizable Labels: You can rename the primary heading of the dashboard to customize it for different trading pairs or strategies.
- Automatic Cleanup: The script is designed to be "clean"—it includes a routine to automatically remove all its visual elements from the chart when you close the indicator or switch symbols, ensuring your workspace stays organized.
Summary for the Trader
Think of this tool as a "Multi-Speed Speedometer." It tells you how fast and in what direction the market is moving on every major timeframe at once. If all the meters are showing the same color, it suggests a strong, unified trend. If the colors vary wildly, it alerts you to potential volatility or shifting sentiments between short-term and long-term scales.
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_TRO_Multi_Meter_Block2
//+------------------------------------------------------------------+
//| _TRO_Multi_Meter_Block2 |
//| |
//| Copyright © 2007, Avery T. Horton, Jr. aka TheRumpledOne |
//| |
//| PO BOX 43575, TUCSON, AZ 85733 |
//| |
//| GIFT AND DONATIONS ACCEPTED |
//| |
//| therumpldone@gmail.com |
//+------------------------------------------------------------------+
//| |
//| go to www.kreslik.com for the latest indicator updates |
//+------------------------------------------------------------------+
//| |
//| Use www.efxgroup.com as your forex broker... |
//| ...tell them therumpledone sent you! |
//+------------------------------------------------------------------+
// thank you Xard777 from www.forex-tsd.com for showing me how to delete the objects properly.
// thank you mladen from www.forex-tsd.com for showing me I had a locals and global variables with same name
// Replace ABC with a unique 3 character code
#property indicator_chart_window
extern bool Show_Heading = true;
extern string IndName = "ABC" ; // change
extern bool Corner_of_Chart_RIGHT_TOP = true;
extern int Shift_UP_DN =0;
extern int Adjust_Side_to_side = 20;
extern color BarLabel_color = LightBlue;
extern color CommentLabel_color = LightBlue;
//*******************
// change inputs for your indicator
extern int ABC_PERIOD = 14;
//*******************
extern double Level5 = 95 ;
extern double Level4 = 80 ;
extern double Level3 = 50 ;
extern double Level2 = 20 ;
extern double Level1 = 5 ;
extern double Level0 = 0 ;
extern color colorLevel5 = Red ;
extern color colorLevel4 = Orange ;
extern color colorLevel3 = Yellow ;
extern color colorLevel2 = YellowGreen ;
extern color colorLevel1 = Blue ;
extern color colorLevel0 = DarkBlue;
//*******************
string ObjHead01,ObjHead02,ObjHead03,ObjHead04,ObjHead05,ObjHead06,ObjHead07,ObjHead08,ObjHead09;
string Obj0001,Obj0002,Obj0003,Obj0004,Obj0005,Obj0006,Obj0007,Obj0008,Obj0009;
//+---------------
color MeterColor( double rsimeter )
{
if( rsimeter > Level5 ) { return( colorLevel5 ); }
if( rsimeter > Level4 ) { return( colorLevel4 ); }
if( rsimeter > Level3 ) { return( colorLevel3 ); }
if( rsimeter > Level2 ) { return( colorLevel2 ); }
if( rsimeter > Level1 ) { return( colorLevel1 ); }
return( colorLevel0 );
}
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
//***********************************************************************************************************************
string LabelTime="";
if (LabelTime=="") {LabelTime=TimeToStr(TimeLocal(),TIME_SECONDS); }
int counted_bars=IndicatorCounted();
ObjHead01 = "ABCColHead01" + LabelTime ;
ObjHead02 = "ABCColHead02" + LabelTime ;
ObjHead03 = "ABCColHead03" + LabelTime ;
ObjHead04 = "ABCColHead04" + LabelTime ;
ObjHead05 = "ABCColHead05" + LabelTime ;
ObjHead06 = "ABCColHead06" + LabelTime ;
ObjHead07 = "ABCColHead07" + LabelTime ;
string ABC_ObjHead01 ="M1 " ;
string ABC_ObjHead02 ="M5 " ;
string ABC_ObjHead03 ="M15 " ;
string ABC_ObjHead04 =" M30 " ;
string ABC_ObjHead05 ="H1 " ;
string ABC_ObjHead06 ="H4 " ;
string ABC_ObjHead07 ="D1 " ;
if ( Show_Heading) {
if (Corner_of_Chart_RIGHT_TOP == true)
{
int Col01x = 130+Adjust_Side_to_side ;
int Col01y = 28+Shift_UP_DN ;
}
if (Corner_of_Chart_RIGHT_TOP == false)
{
Col01x = 119+Adjust_Side_to_side ;
Col01y = 24+Shift_UP_DN ;
}
int ColAdj = -20 ;
int Col02x = Col01x + ColAdj ;
int Col03x = Col01x + ColAdj*2 ;
int Col04x = Col01x + ColAdj*3 ;
int Col05x = Col01x + ColAdj*4 ;
int Col06x = Col01x + ColAdj*5 ;
int Col07x = Col01x + ColAdj*6 ;
ObjectCreate(ObjHead01, OBJ_LABEL, 0, 0, 0);
ObjectSetText(ObjHead01,ABC_ObjHead01 , 7, "Tahoma Narrow", BarLabel_color);
ObjectSet(ObjHead01, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(ObjHead01, OBJPROP_XDISTANCE, Col01x);
ObjectSet(ObjHead01, OBJPROP_YDISTANCE, Col01y);
ObjectCreate(ObjHead02, OBJ_LABEL, 0, 0, 0);
ObjectSetText(ObjHead02,ABC_ObjHead02 , 7, "Tahoma Narrow", BarLabel_color);
ObjectSet(ObjHead02, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(ObjHead02, OBJPROP_XDISTANCE, Col02x);
ObjectSet(ObjHead02, OBJPROP_YDISTANCE, Col01y);
ObjectCreate(ObjHead03, OBJ_LABEL, 0, 0, 0);
ObjectSetText(ObjHead03,ABC_ObjHead03 , 7, "Tahoma Narrow", BarLabel_color);
ObjectSet(ObjHead03, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(ObjHead03, OBJPROP_XDISTANCE, Col03x);
ObjectSet(ObjHead03, OBJPROP_YDISTANCE, 28+Shift_UP_DN);
ObjectCreate(ObjHead04, OBJ_LABEL, 0, 0, 0);
ObjectSetText(ObjHead04,ABC_ObjHead04 , 7, "Tahoma Narrow", BarLabel_color);
ObjectSet(ObjHead04, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(ObjHead04, OBJPROP_XDISTANCE, Col04x);
ObjectSet(ObjHead04, OBJPROP_YDISTANCE, 28+Shift_UP_DN);
ObjectCreate(ObjHead05, OBJ_LABEL, 0, 0, 0);
ObjectSetText(ObjHead05,ABC_ObjHead05 , 7, "Tahoma Narrow", BarLabel_color);
ObjectSet(ObjHead05, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(ObjHead05, OBJPROP_XDISTANCE, Col05x);
ObjectSet(ObjHead05, OBJPROP_YDISTANCE, 28+Shift_UP_DN);
ObjectCreate(ObjHead06, OBJ_LABEL, 0, 0, 0);
ObjectSetText(ObjHead06,ABC_ObjHead06 , 7, "Tahoma Narrow", BarLabel_color);
ObjectSet(ObjHead06, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(ObjHead06, OBJPROP_XDISTANCE, Col06x);
ObjectSet(ObjHead06, OBJPROP_YDISTANCE, 28+Shift_UP_DN);
ObjectCreate(ObjHead07, OBJ_LABEL, 0, 0, 0);
ObjectSetText(ObjHead07,ABC_ObjHead07 , 7, "Tahoma Narrow", BarLabel_color);
ObjectSet(ObjHead07, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(ObjHead07, OBJPROP_XDISTANCE, Col07x);
ObjectSet(ObjHead07, OBJPROP_YDISTANCE, 28+Shift_UP_DN);
} // Show_Heading
//******************* change for your indicator ********************
//ABC Signals
double ABC_M1 = iMFI(Symbol(),1,ABC_PERIOD,0 ) ;
double ABC_M5 = iMFI(Symbol(),5,ABC_PERIOD,0 ) ;
double ABC_M15 = iMFI(Symbol(),15,ABC_PERIOD,0 ) ;
double ABC_M30 = iMFI(Symbol(),30,ABC_PERIOD,0 ) ;
double ABC_H1 = iMFI(Symbol(),60,ABC_PERIOD,0 ) ;
double ABC_H4 = iMFI(Symbol(),240,ABC_PERIOD,0 ) ;
double ABC_D1 = iMFI(Symbol(),1440,ABC_PERIOD,0 ) ;
string M1_ABC= "",M5_ABC= "", M15_ABC= "", M30_ABC= "", H1_ABC= "", H4_ABC= "", D1_ABC= "",PRC1;
color color_ABCm1,color_ABCm5,color_ABCm15,color_ABCm30,color_ABCm60,color_ABCm240,color_ABCm1440;
M1_ABC = "-"; color_ABCm1 = MeterColor( ABC_M1 ) ;
M5_ABC = "-"; color_ABCm5 = MeterColor( ABC_M5 ) ;
M15_ABC = "-"; color_ABCm15 = MeterColor( ABC_M15 ) ;
M30_ABC = "-"; color_ABCm30 = MeterColor( ABC_M30 ) ;
H1_ABC = "-"; color_ABCm60 = MeterColor( ABC_H1 ) ;
H4_ABC = "-"; color_ABCm240 = MeterColor( ABC_H4 ) ;
D1_ABC = "-"; color_ABCm1440 = MeterColor( ABC_D1 ) ;
Obj0002 = "SignalABCM1t" + LabelTime ;
ObjectCreate(Obj0002, OBJ_LABEL, 0, 0, 0);
ObjectSetText(Obj0002,IndName, 7, "Tahoma Narrow", BarLabel_color);
ObjectSet(Obj0002, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(Obj0002, OBJPROP_XDISTANCE, 155+Adjust_Side_to_side);
ObjectSet(Obj0002, OBJPROP_YDISTANCE, 50+Shift_UP_DN);
Obj0003 = "SignalABCM1" + LabelTime ;
ObjectCreate(Obj0003, OBJ_LABEL, 0, 0, 0);
ObjectSetText(Obj0003, M1_ABC, 40, "Tahoma Narrow", color_ABCm1);
ObjectSet(Obj0003, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(Obj0003, OBJPROP_XDISTANCE, 130+Adjust_Side_to_side);
ObjectSet(Obj0003, OBJPROP_YDISTANCE, 20+Shift_UP_DN);
Obj0004 = "SignalABCM5" + LabelTime ;
ObjectCreate(Obj0004, OBJ_LABEL, 0, 0, 0);
ObjectSetText(Obj0004, M5_ABC, 40, "Tahoma Narrow", color_ABCm5);
ObjectSet(Obj0004, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(Obj0004, OBJPROP_XDISTANCE, 110+Adjust_Side_to_side);
ObjectSet(Obj0004, OBJPROP_YDISTANCE, 20+Shift_UP_DN);
Obj0005 = "SignalABCM15" + LabelTime ;
ObjectCreate(Obj0005, OBJ_LABEL, 0, 0, 0);
ObjectSetText(Obj0005, M15_ABC, 40, "Tahoma Narrow", color_ABCm15);
ObjectSet(Obj0005, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(Obj0005, OBJPROP_XDISTANCE, 90+Adjust_Side_to_side);
ObjectSet(Obj0005, OBJPROP_YDISTANCE, 20+Shift_UP_DN);
Obj0006 = "SignalABCM30" + LabelTime ;
ObjectCreate(Obj0006, OBJ_LABEL, 0, 0, 0);
ObjectSetText(Obj0006, M30_ABC, 40, "Tahoma Narrow", color_ABCm30);
ObjectSet(Obj0006, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(Obj0006, OBJPROP_XDISTANCE, 70+Adjust_Side_to_side);
ObjectSet(Obj0006, OBJPROP_YDISTANCE, 20+Shift_UP_DN);
Obj0007 = "SignalABCM60" + LabelTime ;
ObjectCreate(Obj0007, OBJ_LABEL, 0, 0, 0);
ObjectSetText(Obj0007, H1_ABC, 40, "Tahoma Narrow", color_ABCm60);
ObjectSet(Obj0007, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(Obj0007, OBJPROP_XDISTANCE, 50+Adjust_Side_to_side);
ObjectSet(Obj0007, OBJPROP_YDISTANCE, 20+Shift_UP_DN);
Obj0008 = "SignalABCM240" + LabelTime ;
ObjectCreate(Obj0008, OBJ_LABEL, 0, 0, 0);
ObjectSetText(Obj0008, H4_ABC, 40, "Tahoma Narrow", color_ABCm240);
ObjectSet(Obj0008, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(Obj0008, OBJPROP_XDISTANCE, 30+Adjust_Side_to_side);
ObjectSet(Obj0008, OBJPROP_YDISTANCE, 20+Shift_UP_DN);
Obj0009 = "SignalABCM1440" + LabelTime ;
ObjectCreate(Obj0009, OBJ_LABEL, 0, 0, 0);
ObjectSetText(Obj0009, D1_ABC, 40, "Tahoma Narrow", color_ABCm1440);
ObjectSet(Obj0009, OBJPROP_CORNER, Corner_of_Chart_RIGHT_TOP);
ObjectSet(Obj0009, OBJPROP_XDISTANCE, 10+Adjust_Side_to_side);
ObjectSet(Obj0009, OBJPROP_YDISTANCE, 20+Shift_UP_DN);
//----
return(0);
}
//+------------------------------------------------------------------+
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
ObjectsDeleteAll(0,OBJ_HLINE);
ObjectsDeleteAll(0,OBJ_TEXT);
ObjectsDeleteAll(0,OBJ_LABEL);
deleteObject();
//----
return(0);
}
void deleteObject()
{
//ObjectDelete(Obj0001);
ObjectDelete(Obj0002);
ObjectDelete(Obj0003);
ObjectDelete(Obj0004);
ObjectDelete(Obj0005);
ObjectDelete(Obj0006);
ObjectDelete(Obj0007);
ObjectDelete(Obj0008);
ObjectDelete(Obj0009);
ObjectDelete(ObjHead01);
ObjectDelete(ObjHead02);
ObjectDelete(ObjHead03);
ObjectDelete(ObjHead04);
ObjectDelete(ObjHead05);
ObjectDelete(ObjHead06);
ObjectDelete(ObjHead07);
//ObjectDelete(ObjHead08);
//ObjectDelete(ObjHead09);
}
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