HMA MTF (Multi-Timeframe ) – Indicator Description

The HMAMTF indicator plots a moving average from a higher or lower timeframe onto your current chart and displays it in two color-coded lines, indicating bullish or bearish momentum. It uses cTrader’s built-in Moving Average functionality and calculates whether the trend is up or down by comparing the current MA value to the previous one.

Parameters

1. Time Frame (TimeFrame, Default = "Hour4")
   Defines which timeframe’s data (e.g., 4-hour, daily, weekly) will be used to calculate the moving average.
2. Price (PriceType, Default = Close)
   Specifies which price (Close, Open, High, or Low) is used for the MA calculation.
3. Period (int, Default = 14, MinValue = 1)
   The number of bars considered in the moving average calculation.
4. MA Type (MovingAverageType, Default = Weighted)
   Chooses the moving average method (e.g., Simple, Exponential, Smoothed, Weighted) applied to the selected price series.