FX Five Indicator Average Dashboard for MT4

FX Five Indicator Average Dashboard for MT4

Multi-timeframe dashboard showing the average value of five core momentum indicators across multiple currency pairs to quickly identify overbought and oversold market conditions.

? What the Indicator Does

• Calculates a single average value of five indicators (0–100)

• Uses five well-known momentum indicators

• Displays values across multiple timeframes and symbols

• Highlights oversold and overbought zones

• Provides a BUY / SELL decision column based on consecutive timeframe alignment

? Indicators Used (AverageFive)

• Relative Strength Index (RSI)

• Stochastic Oscillator

• Money Flow Index (MFI)

• Williams’ Percent Range (WPR), normalized to 0–100

• DeMarker, normalized to 0–100

All five indicators are averaged into one composite value.

? Color Logic

• Blue (Oversold / BUY)

  • AverageFive value at or below lower threshold

• Red (Overbought / SELL)

  • AverageFive value at or above upper threshold

• Neutral (“–”)

  • Value inside normal range

? Decision Column Logic

• BUY

  • At least N consecutive timeframes below the lower threshold

• SELL

  • At least N consecutive timeframes above the upper threshold

• Neutral

  • No sufficient consecutive alignment

? Supported Timeframes

• M1

• M5

• M15

• M30

• H1

• H4

• D1

• W1

• MN1

? Key Features

• Multi-symbol dashboard view

• Multi-timeframe analysis

• Single composite oscillator (0–100)

• Clean, grid-based visual layout

• Fast scanning of market extremes

• Optimized with cached indicator handles

• Lightweight and non-intrusive

• No chart clutter

? Input Parameters

• Dashboard Update Interval

  • Time between dashboard refreshes (seconds)

• Shift for Calculation

  • 0 = forming candle

  • 1 = last closed candle

• Period for Calculation

  • Shared period for all five indicators

• Low Bound Threshold

  • Oversold level

• High Bound Threshold

  • Overbought level

• Min Consecutive Timeframes for Decision

  • Number of aligned timeframes required for BUY or SELL decision

• Dashboard Placement X Coordinate

• Dashboard Placement Y Coordinate

• Pairs Column Width

• Dashboard Cells Width

• Decision Column Width

• Dashboard Rows Height

• Dashboard Text Font Size

• Oversold Level Color (Buy)

• Overbought Level Color (Sell)

• Dashboard Header Color

• Neutral Zone Color

Pairs

• Up to 28 symbols

• Each pair configurable individually

• Empty fields automatically ignored

? Recommended Usage

• Market scanning for extremes

• Multi-timeframe confirmation

• Trade filtering tool

• Mean-reversion strategies

• Momentum exhaustion detection

? Important Notes

• Indicator does not open trades

• Indicator does not repaint historical values

• Best used together with price action or trend context

• Indicator can be attached to any chart and any timeframe