You can now download the Trade Assistant indicator for free on AtoZ Markets indicators gallery.
Trade Assistant MetaTrader indicator is a multi-timeframe indicator that is based on three standard indicators: Stochastic, RSI (Relative Strength Index) and CCI (Commodity Channel Index). It displays current trend directions for M5, M15, M30, H1, H4 and D1. When you follow such an indicator you have the clear picture of the trends in all important timeframes. It doesn’t matter to what timeframe chart you attach this indicator. It’s also not recommended to change any input parameters. The indicator can be downloaded for MT4 and MT5.
PercentK (default = 8) — period in bars for calculation of the line %K of Stochastic indicator.
PercentD (default = 3) — period in bars for calculation of the line %D of Stochastic indicator.
Slowing (default = 3) — the value for slowing of Stochastic indicator.
RSIP1 (default = 14) — period for the first RSI (fast).
RSIP2 (default = 70) — period for the second RSI (slow).
Other parameters — represent the symbol codes for the trend direction arrows. Better leave them alone.
How to trade with Trade Assistant
Although it’s quite obvious how you can use such an indicator, I suggest buying and selling only when all indicators signal same direction in your timeframe and both neighboring timeframes. E.g. go long in M30 timeframe only if all indicators say BUY there and in both M15 and H1 timeframes.
How to download and install an indicator
In order to install the indicator on your MT4 or MT5 platform, you need to follow these steps:
- Click on the “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into the MT5>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “Trade Assistant” template to apply it on the chart.
Note: This indicator was developed by a third party. AtoZ Markets does not carry any copyrights over this trading tool.