Overview of the sidus_v3_mtf Indicator
The sidus_v3_mtf indicator is a trend-following tool for MT4 that combines two moving averages and RSI logic to detect possible buy and sell signals. It shows arrows directly on the chart when specific conditions are met, helping traders identify potential entry points.
This version supports multi-timeframe analysis, meaning you can display signals from a different timeframe than the chart you’re looking at. It’s useful for aligning short-term entries with higher-timeframe trends.
How to Use It in Practice
When using this indicator in live trading, look for:
- Up arrows for potential buy signals when the fast EMA crosses above the slow EMA and RSI confirms momentum.
- Down arrows for potential sell signals under opposite conditions.
- Confirming higher-timeframe trends by setting a different timeFrame value.
- Using it as a confirmation tool alongside your main strategy or price action patterns.
The signals can be used for scalping or swing trades, depending on your settings and chart timeframe.
Parameter Explanations
timeFrame
Sets the timeframe from which the signals are calculated. Use 0 to match the current chart, or choose another (e.g. 15 for M15).
FastEMA
The period for the fast exponential moving average. Used to detect short-term trend changes.
SlowEMA
The period for the slow exponential moving average. Defines the main trend direction.
ex
Controls how the EMAs are calculated. 0 = SMA, 1 = EMA, 2 = SSMA, 3 = LWMA.
mamode
Chooses the moving average method applied to the price data.
ex2
Selects the price type used for MA calculation. Options: 0 = Close, 1 = Open, 2 = High, 3 = Low, etc.
ex2a
Another setting for selecting how prices are averaged. Options like Median or Weighted.
maprice
Sets the type of price used in the MA formula. Similar to ex2 and ex2a but more specific to the implementation.
RSIPeriod
Period of the RSI filter used in signal confirmation. Affects the sensitivity of entries.
Alerts
Enable or disable pop-up alerts when signals appear on the chart.
