Trade Assistant Indicator MT5 Download - [TradingFinder]

Trade Assistant Indicator in MetaTrader 5 is a practical trading tool that, by combining multiple momentum oscillators, allows you to analyze several timeframes and indicators simultaneously in a single, simplified window.

This indicator mainly acts as a real-time signal generator, designed to provide quick buy and sell signals. It uses multiple filters and displays results across six different timeframes.

Trade Assistant Indicator Table

The general features of the Trade Assistant Indicator are presented in the table below.

Trade Assistant at a Glance

The Trade Assistant Indicator is a multi-layered analytical tool that combines three momentum oscillators, RSI indicator, Stochastic, and CCI — to simultaneously assess market conditions across different timeframes.

It processes the data of each oscillator in parallel and displays, within a dedicated signal panel, the buy, sell, or neutral status separately for each timeframe.

Indicator in an Uptrend

The chart below shows the Dow Jones Index (DJI) on the 4-hour timeframe.  A valid bullish signal occurs when important timeframes such as H1 and H4 simultaneously generate BUY signals.

In this case, all three momentum oscillators must indicate positive conditions. The combination of these factors demonstrates strong market demand and provides a suitable entry signal for buy trades.

Indicator in a Downtrend

The chart below shows the AUD/JPY currency pair on the 15-minute timeframe. A valid bearish scenario occurs when key timeframes such as M15, H1, and H4 simultaneously generate SELL signals.

Here, all three momentum oscillators must confirm bearish conditions. This convergence signals increasing selling pressure and market supply dominance, thus creating a valid sell entry signal.

Indicator Settings

The settings of the Trade Assistant Indicator are shown in the table below:

• Stochastic_Settings: Stochastic Indicator settings
• PercentK: %K line
• PercentD: %D line
• Slowing: Smoothing factor in stochastic
• RSI_Settings: Relative Strength Index settings
• RSIP1: First RSI parameter
• RSIP2: Second RSI parameter
• My_Symbols: User-selected trading symbols
• sBuy: Buy label/signal
• sSell: Sell label/signal
• sWait: Wait/neutral status label
• sCCIAgainstBuy: CCI signal against Buy
• sCCIAgainstSell: CCI signal against Sell

Conclusion

The Trade Assistant Indicator, by combining the RSI, Stochastic, and CCI oscillators, simultaneously analyzes market conditions across multiple timeframes.

Its output, displayed in a signal panel, clearly shows buy, sell, or neutral conditions. Additionally, the ability to detect signal convergence and divergence increases the accuracy of entry and exit points while eliminating false signals.