exactly this transaction Helper index is a modification of the Trade Assistant index (author-Andriy Moraru).

The data multi-timeframe index Trade Helper is a good helper for the trader and will be helpful when used as a filter in most trading strategies.

The indicator combines the strategies of the three Elder screens in one graph field, that consists in entering a trade if there’s the exact same tendency on three adjacent timeframes.

The indicator is based on the principle of determining the trend for the three selected timeframes utilizing the algorithm of the Stochastic, RSI and CCI indicators.

The indicator shows the direction of the current trend for the timeframes M5, M15, M30, H1, H4, D1 and W1 in one chart field.

Regardless of the selected timeframe, the indicator information panel displays 7 timeframes, with arrows pointing to the current movement.

You should open a position when all the indicators match in the direction not only for the selected timeframe, but also for both adjacent timeframes.

Choosing, for example, the timeframe H1, when the trend coincides on M30 and H4, the trader opens a position at the close of the hourly candle in the direction that coincides on the three timeframes.

[spoiler title=”Read More…”]

• Stochastic_Settings
• K Period – the period in bars for calculating the %K stochastic line;
• D Period – the period in bars for calculating the %D stochastic line;
• Slowing – the value of the stochastic deceleration parameter.
• RSI_Settings
• Fast RSI-the period of the fast RSI indicator;
• Slow RSI – the period of the slow RSI indicator.

[/spoiler]