1_Min_MicroTrading
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This script serves as a comprehensive multi-timeframe technical analysis dashboard for traders using the MetaTrader 4 platform. Instead of requiring you to switch between different charts to monitor market trends, it consolidates multiple data points into a single visual display.
Overview of Functionality
The tool monitors six different timeframes simultaneously—ranging from very short-term (5 minutes) to long-term (Daily)—and evaluates five distinct technical indicators for each. It provides a "snapshot" of market momentum, trend direction, and volatility at a glance.
The Core Components
For every timeframe monitored, the script calculates and displays signals based on the following logic:
- RSI (Relative Strength Index): Measures price velocity to determine if an asset is overbought or oversold relative to its recent history.
- SAR (Parabolic SAR): Identifies potential trend reversals by plotting dots that "follow" price action.
- MA (Moving Averages): Compares different types of moving averages (Exponential and Simple) to determine the strength and direction of the current price trend.
- MACD (Moving Average Convergence Divergence): Analyzes the relationship between two moving averages to identify changes in momentum and the strength of a trend.
- ADX (Average Directional Index): Specifically looks at trend strength and identifies specific patterns of price movement to filter out "noisy" sideways markets.
How the Display Works
The dashboard uses a grid system to organize this information:
- Timeframe Labels: The top row identifies which time period is being analyzed (e.g., M5, H1, D1).
- Indicator Rows: Each row represents one of the five technical tools mentioned above.
- Visual Signals: Rather than showing complex numbers, the script translates data into colors and symbols:
- Buy Signals: Usually represented by a specific color (Blue/Green) indicating an upward trend.
- Sell Signals: Usually represented by a contrasting color (Lime/OrangeRed) indicating a downward trend.
- No Signal: A neutral indicator (Red) showing that the current data does not provide a clear direction.
The "ALL" Consensus Logic
The most advanced feature of this script is the Consensus Row. At the bottom of the dashboard, the script performs a "cross-check." It looks at all five indicators for a specific timeframe simultaneously.
For an "All Buy" or "All Sell" signal to appear in this row, the conditions for almost every individual indicator must align in the same direction at once. This acts as a high-probability filter, helping traders identify moments where the entire technical landscape is pointing toward a single, unified move.
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1_Min_MicroTrading
//+------------------------------------------------------------------+
//| 1_Min_Micro_Trading.mq4 |
//| StarLimit Software Corps., |
//| starlimit04@yahoo.com |
//+------------------------------------------------------------------+
#property copyright "StarLimit Software Corps.,"
#property link "starlimit04@yahoo.com"
#property indicator_chart_window
extern int scaleX=20,
scaleY=15,
offSetX=25, // 35
offSetY=20, //20
fontSize=15,
corner=4,
symbolCodeBuy=217,
symbolCodeSell=218,
symbolCodeNoSignal=216,
allBuy=200,
allSell=202;
extern color signalBuyColor=Blue, //Strong Up
signalSellColor=Lime, //Strong Down
noSignalColor=Red,
allSellColor=OrangeRed,
allBuyColor=Blue,
textColor=Red;
int rsibuy[8],rsisell[8],sarbuy[8],sarsell[8],mabuy[8],masell[8],macdbuy[8],macdsell[8],adxbuy[8],adxsell[8],allsell[1],allbuy[1];
int period[]={ 5,15,30,60,240,1440};
string periodString[]={ "M5","M15","M30","H1","H4","D1"};
string signalName[]={"RSI","SAR","MA","MACD","ADX","ALL"};
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
for(int x=0;x<6;x++)
for(int y=0; y<6;y++)
{
ObjectCreate("signal"+x+y,OBJ_LABEL,0,0,0,0,0);
ObjectSet("signal"+x+y,OBJPROP_CORNER,corner);
ObjectSet("signal"+x+y,OBJPROP_XDISTANCE,x*scaleX + offSetX);
ObjectSet("signal"+x+y,OBJPROP_YDISTANCE,y*scaleY+offSetY);
ObjectSetText("signal"+x+y,CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
}
for( x=0;x<6;x++)
{
ObjectCreate("textPeriod"+x,OBJ_LABEL,0,0,0,0,0);
ObjectSet("textPeriod"+x,OBJPROP_CORNER,corner);
ObjectSet("textPeriod"+x,OBJPROP_XDISTANCE,x*scaleX+offSetX);
ObjectSet("textPeriod"+x,OBJPROP_YDISTANCE,offSetY-10);
ObjectSetText("textPeriod"+x,periodString[x],8,"Tahoma",textColor);
}
for( y=0;y<6;y++)
{
ObjectCreate("textSignal"+y,OBJ_LABEL,0,0,0,0,0);
ObjectSet("textSignal"+y,OBJPROP_CORNER,corner);
ObjectSet("textSignal"+y,OBJPROP_YDISTANCE,y*scaleY+offSetY+8);
ObjectSet("textSignal"+y,OBJPROP_XDISTANCE,offSetX-25);
ObjectSetText("textSignal"+y,signalName[y],8,"Tahoma",textColor);
}
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
Comment(" " );
// DELETE ALL OBJECTS CREATED BY THIS INDICATOR.
for(int x=0;x<6;x++)
for(int y=0; y<6;y++)
{
ObjectDelete("signal"+x+y);
}
for( x=0;x<6;x++)
{
ObjectDelete("textPeriod");
}
for( y=0;y<6;y++)
{
ObjectDelete("textSignal");
}
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
for(int x=0;x<6;x++)
for(int y=0; y<5;y++)
{
ObjectCreate("signal"+x+y,OBJ_LABEL,0,0,0,0,0);
ObjectSet("signal"+x+y,OBJPROP_CORNER,corner);
ObjectSet("signal"+x+y,OBJPROP_XDISTANCE,x*scaleX + offSetX);
ObjectSet("signal"+x+y,OBJPROP_YDISTANCE,y*scaleY+offSetY);
ObjectSetText("signal"+x+y,CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
}
for( x=0;x<6;x++)
{
ObjectCreate("textPeriod"+x,OBJ_LABEL,0,0,0,0,0);
ObjectSet("textPeriod"+x,OBJPROP_CORNER,corner);
ObjectSet("textPeriod"+x,OBJPROP_XDISTANCE,x*scaleX+offSetX);
ObjectSet("textPeriod"+x,OBJPROP_YDISTANCE,offSetY-10);
ObjectSetText("textPeriod"+x,periodString[x],8,"Tahoma",textColor);
}
for( y=0;y<6;y++)
{
ObjectCreate("textSignal"+y,OBJ_LABEL,0,0,0,0,0);
ObjectSet("textSignal"+y,OBJPROP_CORNER,corner);
ObjectSet("textSignal"+y,OBJPROP_YDISTANCE,y*scaleY+offSetY+8);
ObjectSet("textSignal"+y,OBJPROP_XDISTANCE,offSetX-25);
ObjectSetText("textSignal"+y,signalName[y],8,"Tahoma",textColor);
}
for( int a=0;a<6;a++)
{
if(iRSI(NULL,period[a],14,PRICE_CLOSE,0) >50) //Buy
{
ObjectSetText("signal"+a+"0",CharToStr(symbolCodeBuy),fontSize,"Wingdings",signalBuyColor);
rsibuy[a]=1;
rsisell[a]=0;
}
else if(iRSI(NULL,period[a],14,PRICE_CLOSE,0) <50) //Sell
{
ObjectSetText("signal"+a+"0",CharToStr(symbolCodeSell),fontSize,"Wingdings",signalSellColor);
rsisell[a]=1;
rsibuy[a]=0;
}
else
{
ObjectSetText("signal"+a+"0",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
rsisell[a]=0;
rsibuy[a]=0;
}
}
for( a=0;a<6;a++)
{
if(iSAR(NULL,period[a],0.02,0.2,0)< Ask) //buy
{
ObjectSetText("signal"+a+"1",CharToStr(symbolCodeBuy),fontSize,"Wingdings",signalBuyColor);
sarbuy[a]=1;
sarsell[a]=0;
}
else
{
ObjectSetText("signal"+a+"1",CharToStr(symbolCodeSell),fontSize,"Wingdings",signalSellColor);
sarsell[a]=1;
sarbuy[a]=0;
}
}
for( a=0;a<6;a++)
{
if(iMA(NULL,period[a],5,0,MODE_EMA,PRICE_CLOSE,0) > iMA(NULL,period[a],20,0,MODE_SMA,PRICE_CLOSE,0)
&& iMA(NULL,period[a],5,0,MODE_EMA,PRICE_CLOSE,0) > iMA(NULL,period[a],10,0,MODE_EMA,PRICE_CLOSE,0))
{
ObjectSetText("signal"+a+"2",CharToStr(symbolCodeBuy),fontSize,"Wingdings",signalBuyColor);
mabuy[a]=1;
masell[a]=0;
}
else if(iMA(NULL,period[a],5,0,MODE_EMA,PRICE_CLOSE,0) < iMA(NULL,period[a],20,0,MODE_SMA,PRICE_CLOSE,0)
&& iMA(NULL,period[a],5,0,MODE_EMA,PRICE_CLOSE,0) < iMA(NULL,period[a],10,0,MODE_EMA,PRICE_CLOSE,0))
{
ObjectSetText("signal"+a+"2",CharToStr(symbolCodeSell),fontSize,"Wingdings",signalSellColor);
masell[a]=1;
mabuy[a]=0;
}
else
{
ObjectSetText("signal"+a+"2",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
masell[a]=0;
mabuy[a]=0;
}
}
for( a=0;a<6;a++)
{
double main=iMACD(NULL,period[a],12,26,9,PRICE_CLOSE,MODE_MAIN,1);
double signal=iMACD(NULL,period[a],12,26,9,PRICE_CLOSE,MODE_SIGNAL,1);
if(main > signal && signal >0) // for M5 and M15
{
ObjectSetText("signal"+a+"3",CharToStr(symbolCodeBuy),fontSize,"Wingdings",signalBuyColor);
macdbuy[a]=1;
macdsell[a]=0;
}
else if(main > signal && main >0) // for M30 and H1
{
ObjectSetText("signal"+a+"3",CharToStr(symbolCodeBuy),fontSize,"Wingdings",signalBuyColor);
macdbuy[a]=2;
macdsell[a]=0;
}
else if(main > signal && main <0) // for H4 and D1
{
ObjectSetText("signal"+a+"3",CharToStr(symbolCodeBuy),fontSize,"Wingdings",signalBuyColor);
macdbuy[a]=3;
macdsell[a]=0;
}
else if(main <signal && signal < 0) // for M5 and M15
{
ObjectSetText("signal"+a+"3",CharToStr(symbolCodeSell),fontSize,"Wingdings",signalSellColor);
macdbuy[a]=0;
macdsell[a]=1;
}
else if(main <signal && main < 0) // for M30 and H1
{
ObjectSetText("signal"+a+"3",CharToStr(symbolCodeSell),fontSize,"Wingdings",signalSellColor);
macdbuy[a]=0;
macdsell[a]=2;
}
else if(main <signal && main > 0) // for H4 and D1
{
ObjectSetText("signal"+a+"3",CharToStr(symbolCodeSell),fontSize,"Wingdings",signalSellColor);
macdbuy[a]=0;
macdsell[a]=3;
}
else
{
ObjectSetText("signal"+a+"3",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
macdbuy[a]=0;
macdsell[a]=0;
}
}
for( a=0;a<6;a++)
{
double adx= iADX(NULL,period[a],14,PRICE_CLOSE,0,0);
double d_p= iADX(NULL,period[a],14,PRICE_CLOSE,1,0);
double d_n= iADX(NULL,period[a],14,PRICE_CLOSE,2,0);
if( ( d_p > 20 && adx < 20 && d_n < 20 && adx > d_n)
||( d_p > 25 && adx < 25 && d_n < 20 && adx > d_n)
||( d_p > 25 && d_n < 20 && adx < 20 && d_n > adx)
||( d_p > 25 && adx > 25 && d_n < 20 && d_p > adx)
||( adx > 25 && d_p > 25 && d_n < 15 && adx > d_p)
||( adx > 25 && d_p < 25 && d_n < 20 && d_p > d_n)
||( adx > 20 && d_p < 20 && d_n < 20 && d_p > d_n) )
{
ObjectSetText("signal"+a+"4",CharToStr(symbolCodeBuy),fontSize,"Wingdings",signalBuyColor);
adxbuy[a]=1;
adxsell[a]=0;
}
else if( ( d_n > 20 && adx < 20 && d_p < 20 && adx > d_p)
||( d_n > 25 && adx < 25 && d_p < 20 && adx > d_p)
||( d_n > 25 && d_p < 20 && adx < 20 && d_p > adx)
||( d_n > 25 && adx > 25 && d_p < 20 && d_n > adx)
||( adx > 25 && d_n > 25 && d_p < 15 && adx > d_n)
||( adx > 25 && d_n < 25 && d_p < 20 && d_n > d_p)
||( adx > 20 && d_n < 20 && d_p < 20 && d_n > d_p) )
{
ObjectSetText("signal"+a+"4",CharToStr(symbolCodeSell),fontSize,"Wingdings",signalSellColor);
adxbuy[a]=0;
adxsell[a]=1;
}
else
{
ObjectSetText("signal"+a+"4",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
adxbuy[a]=0;
adxsell[a]=0;
}
}
//....................ALL SIGNALS IN ONE .......................
for( a=0;a<6;a++)
{
if(a==0)
{
if(rsibuy[0]==1 && sarbuy[0]==1 && mabuy[0]==1 && macdbuy[0]==1 && adxbuy[0]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allBuy),fontSize+5,"Wingdings",allBuyColor);
allbuy[0]=1;
allsell[0]=0;
}
else if(rsisell[0]==1 && sarsell[0]==1 && masell[0]==1 && macdsell[0]==1 && adxsell[0]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allSell),fontSize+5,"Wingdings",allSellColor);
allbuy[0]=0;
allsell[0]=1;
}
else
{
ObjectSetText("signal"+a+"5",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
allbuy[0]=0;
allsell[0]=0;
}
}
if(a==1)
{
if(rsibuy[1]==1 && sarbuy[1]==1 && mabuy[1]==1 && macdbuy[1]==1 && adxbuy[1]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allBuy),fontSize+5,"Wingdings",allBuyColor);
allbuy[1]=1;
allsell[1]=0;
}
else if(rsisell[1]==1 && sarsell[1]==1 && masell[1]==1 && macdsell[1]==1 && adxsell[1]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allSell),fontSize+5,"Wingdings",allSellColor);
allbuy[1]=0;
allsell[1]=1;
}
else
{
ObjectSetText("signal"+a+"5",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
allbuy[1]=0;
allsell[1]=0;
}
}
if(a==2)
{
if(rsibuy[2]==1 && sarbuy[2]==1 && mabuy[2]==1 && (macdbuy[2]==1 || macdbuy[2]== 2) && adxbuy[2]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allBuy),fontSize+5,"Wingdings",allBuyColor);
allbuy[2]=1;
allsell[2]=0;
}
else if(rsisell[2]==1 && sarsell[2]==1 && masell[2]==1 && (macdsell[2]==1 || macdsell[2]==2) && adxsell[2]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allSell),fontSize+5,"Wingdings",allSellColor);
allbuy[2]=0;
allsell[2]=1;
}
else
{
ObjectSetText("signal"+a+"5",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
allbuy[2]=0;
allsell[2]=0;
}
}
if(a==3)
{
if(rsibuy[3]==1 && sarbuy[3]==1 && mabuy[3]==1 && (macdbuy[3]==1 || macdbuy[3]== 2) && adxbuy[3]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allBuy),fontSize+5,"Wingdings",allBuyColor);
allbuy[3]=1;
allsell[3]=0;
}
else if(rsisell[3]==1 && sarsell[3]==1 && masell[3]==1 && (macdsell[3]==1 || macdsell[3]==2) && adxsell[3]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allSell),fontSize+5,"Wingdings",allSellColor);
allbuy[3]=0;
allsell[3]=1;
}
else
{
ObjectSetText("signal"+a+"5",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
allbuy[3]=0;
allsell[3]=0;
}
}
if(a==4)
{
if(rsibuy[4]==1 && sarbuy[4]==1 && mabuy[4]==1 && (macdbuy[4]==1 || macdbuy[4]== 2 ||macdbuy[4]==3 ) && adxbuy[4]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allBuy),fontSize+5,"Wingdings",allBuyColor);
allbuy[4]=1;
allsell[4]=0;
}
else if(rsisell[4]==1 && sarsell[4]==1 && masell[4]==1 && (macdsell[4]==1 ||macdsell[4]== 2||macdsell[4]== 3) && adxsell[4]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allSell),fontSize+5,"Wingdings",allSellColor);
allbuy[4]=0;
allsell[4]=1;
}
else
{
ObjectSetText("signal"+a+"5",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
allbuy[4]=0;
allsell[4]=0;
}
}
if(a==5)
{
if(rsibuy[5]==1 && sarbuy[5]==1 && mabuy[5]==1 && (macdbuy[5]==1 ||macdbuy[5]== 2 ||macdbuy[5]== 3 ) && adxbuy[5]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allBuy),fontSize+5,"Wingdings",allBuyColor);
allbuy[5]=1;
allsell[5]=0;
}
else if(rsisell[5]==1 && sarsell[5]==1 && masell[5]==1 && (macdsell[5]==1 || macdbuy[5]== 2||macdbuy[5]==3) && adxsell[5]==1)
{
ObjectSetText("signal"+a+"5",CharToStr(allSell),fontSize+5,"Wingdings",allSellColor);
allbuy[5]=0;
allsell[5]=1;
}
else
{
ObjectSetText("signal"+a+"5",CharToStr(symbolCodeNoSignal),fontSize,"Wingdings",noSignalColor);
allbuy[5]=0;
allsell[5]=0;
}
}
}
return(0);
}
//+------------------------------------------------------------------+
/*
switch(signal)
// Header of the 'switch'
{
// Start of the 'switch' body
case 1 : Alert("Plus one point"); break;
// Variations..
case 2 : Alert("Plus two points"); break;
case 3 : Alert("Plus three points"); break;
case 4 : Alert("Plus four points"); break;//Here are presented
case 5 : Alert("Plus five points"); break;//10 variations 'case',
case 6 : Alert("Plus six points"); break;//but, in general case,
case 7 : Alert("Plus seven points"); break;//the amount of variations 'case'
case 8 : Alert("Plus eight points"); break;//is unlimited
case 9 : Alert("Plus nine points"); break;
case 10: Alert("Plus ten points"); break;
default: Alert("More than ten points");
// It is not the same as the 'case'
}
*/
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