Hanafy5 MTF Indicator

Platform: MT4 Type: Scalping

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Last update: October 18, 2024

The Hanafy5 MTF Indicator is based on the Relative Strength Index (RSI) and it displays buy/sell arrows on the chart. As the name suggests, it is an multi time frame indicator, so you can use a different than the current time frame for signals to display. This forex gauge generates a lot of signals, thus it shouldn’t be used alone, but rather as a supplement in a trading system or strategy for trade entry points and exit points.

Example chart:

M15 with H4 signals

hanafy5 mtf indicator - m15 chart with h4 signals