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Double Parabolic MTF free MT4

Double Parabolic MTF free MT4


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    Tags: MT4, Parabolic, free, multi-timeframe, Trend

The "Double Parabolic MTF free" indicator for Metatrader 4

This is an advanced multi-timeframe version of the popular Parabolic SAR indicator.

Double Parabolic MTF free combines two timeframes on Parabolic SAR graph. The higher timeframe Parabolic defines the trend, while the lower timeframe one searches for the market entry point in trend direction.


How to use

Buy if the lower timeframe Parabolic has switched and is under the price. The higher timeframe Parabolic should also be under the price. A stop loss can be set at the higher or lower timeframe Parabolic level.

This indicator is free but it does not have audio signals. Besides, it does not allow sending push notifications and emails.

If you need the advanced functions of the multi-timeframe Parabolic (convenient entry point signals, audio and text messages, vislualization of the optimal stop loss level, data on Parabolic from all timeframes), try Double Parabolic MTF Histo.


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Example Frame