n this text, I’ll focus on the creation of the On Steadiness Quantity Multi Timeframe indicator for MT5. This indicator will calculate the comparability of OBV actions in share phrases throughout 21 totally different timeframes, starting from M1 to MN1.
The On Steadiness Quantity Multi-Timeframe indicator for MT5 (OBV_MTF) makes use of a template and shows a panel on the chart. Its perform, operation, and utilization are equivalent to the Energy of Value Motion Multi Timeframe indicator (SPM_MTF) as detailed within the earlier article.
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