i-PSI @ 3Niti (multitrend indicator)

Replenishment date: 04.08.2011
Content: 3niti.rar (11.61 KB)
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Description
This trend indicator displays the slope angles of changes in the average price on three different timeframes, which allows you to visually determine the trend of price behavior and clearly identify reversals. We also have the opportunity, in the form of additional information for making a decision, to observe the price behavior up to the considered moment in time on three different periods on Back_Bars bars back and the price movement relative to the FIBO levels for each period.
The moment of the considered solution is determined by two options:
1. Draw a vertical line on the chart and name it "ZERO" - the indicator will calculate its values ​​from it.
2. In the absence of such a line, the calculation will be performed from the 0th bar.

For medium and long-term trading, it is convenient to use the indicator with the default settings on H1, but you can customize it according to your preferences.
Indicator Settings:
extern int Period_Short = PERIOD_M15; // "short" period
extern int Period_Middle = PERIOD_H1; // "average" period
extern int Period_Long = PERIOD_H4; // "long" period
extern int Forward_Bars = 48; // shift in the calculation of average price changes
extern int Back_Bars = 100; // how many bars in the past we look at history at each of the periods
extern int MA_Forward = 100; // MA period for calculating average price changes
extern int AUTO_MA_Forward = 1; // automatic calculation of the MA_Forward (0-2) period: 0 - off. 1-2: different options
extern int MA_Method = 2; // method for calculating MA (0-3)
extern int MA_Price = 0; // price for "averaging" calculation (0-6)
extern color Color_Short = Red; // line color of the "short" period
extern color Color_Middle = Yellow; // line color of the "middle" period
extern color Color_Long = Green; // line color of the "long" period
extern int Width_Short = 1; // line thickness of the "short" period
extern int Width_Middle = 2; // line thickness of the "middle" period
extern int Width_Long = 3; // line thickness of the "long" period
extern bool DeleteObject = False; // delete all objects drawn by the indicator after deinitialization

In the pictures you can see the development of the trend tracked by the indicator. The formed trend presupposes the slope of all lines in one direction (above / below the horizon), as well as their order of arrangement according to the length of the period: "short" period - in front (above / below); the "middle" period is in the middle; the "long" period is the last (closest to the horizon). If the slope of all lines is very large (tending to the vertical), it is a signal for a possible reversal. It is also important in determining the trend of price movement, to control the price crossing the FIBO levels.
Additional Information
I am the manufacturer of this product - copying and distribution is PROHIBITED!
You get a compiled file ready to work.
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