MetaTrader MT5 Indicator 100% Free MQL Source Code

Multi-Timeframe RSI Dashboard MT5 Indicator

RaptozGroupBy RaptozGroup
4.9 (120 reviews)
15,000+ Downloads
MTF RSI Dashboard MT5 Indicator Setup

Multi-Timeframe RSI Dashboard MT5 Indicator.

The Multi-Timeframe RSI Dashboard MT5 Indicator is an advanced MQL5 tool that tracks RSI momentum across 7 timeframes simultaneously on a single MetaTrader 5 chart.

Multi-Timeframe RSI Dashboard MT5 Indicator Overview

High-Speed Multi-Timeframe RSI Dashboard on MetaTrader 5

The Multi-Timeframe RSI Dashboard MT5 Indicator is an optimized MQL5 technical tool that monitors momentum across 7 timeframes simultaneously (M1, M5, M15, M30, H1, H4, D1) on a single MetaTrader 5 chart.

Utilizing native 64-bit multi-threaded processing, the indicator displays a sleek on-chart HUD matrix without slowing terminal execution, alerting traders instantly via mobile push notifications when momentum alignment occurs across multiple timeframe layers.

Timeframe Matrix & Momentum Alignment

TimeframeTrading RoleRecommended Usage
M1 / M5Precision ScalpingSpot micro-oversold bounces during London/NY sessions.
M15 / M30 / H1Intraday TradingConfirm intraday trend health and momentum continuation.
H4 / D1Swing / MacroEstablish primary institutional directional bias.

Mathematical RSI Calculation Engine

Relative Strength (RS) = Smoothed Average Gain / Smoothed Average Loss
RSI = 100 − [100 / (1 + RS)]

RSI Momentum Classification Zones

Overbought (> 70.0)

Bright Green highlight on HUD. Overextended bullish run.

Neutral Zone (40.0 – 60.0)

Slate / Grey display. Equilibrium consolidation state.

Oversold (< 30.0)

Bright Red highlight on HUD. Discount buying opportunity.

Pro Trader Multi-Timeframe Alignment Rules

  • The 3-Timeframe Rule: Only enter a trade when at least three consecutive timeframe layers share the same directional momentum.
  • Fade Micro-Extremes into HTF Confluence: When H4 RSI is trending strongly above 60 and M5 RSI drops into oversold, buy the discount retracement.
  • Mobile Push Notifications: Enable instant push alerts to receive notifications on your smartphone when all 7 timeframes align.

Key Features & Capabilities

Native 64-bit MQL5 multi-threaded calculation engine
Tracks RSI across 7 timeframes (M1, M5, M15, M30, H1, H4, D1)
On-chart HUD dashboard with real-time score updates
Instant mobile push notifications to iOS and Android MT5 apps
Zero DLL requirements — 100% open-source MQL5

Input Parameters & Settings Guide

Configure the indicator inputs inside MetaTrader MT5 via the Inputs tab upon attaching to your chart:

ParameterDefault ValueDescriptionRecommended
InpRSIPeriod14RSI calculation period14
InpPushAlertstrueSend alerts to MT5 mobile appTrue

Trading Strategy & Entry Rules

1

Step 1: Check Macro RSI Bias

Verify that H4 and D1 RSI readings are above 50 (bullish) or below 50 (bearish).

2

Step 2: Time Lower Timeframe Retracement

Wait for M5/M15 RSI to reach an extreme (< 30 for longs, > 70 for shorts).

3

Step 3: Execute on Re-alignment

Enter as the lower timeframe RSI turns back in the direction of the macro trend.

MQL5 Source Code

//+------------------------------------------------------------------+
//|                                  MTF_RSI_Dashboard_MT5.mq5       |
//|                    Copyright 2026, TraderSentiments Quant Team   |
//|                                    https://tradersentiments.com  |
//+------------------------------------------------------------------+
#property copyright "Copyright 2026, TraderSentiments"
#property link      "https://tradersentiments.com/indicators/mt5/dashboard/mtf-rsi-dashboard-indicator"
#property version   "2.00"
#property indicator_chart_window

input int      InpRSIPeriod        = 14;          // RSI Period
input bool     InpPushAlerts       = true;        // Push Alerts

int OnInit() {
   IndicatorSetString(INDICATOR_SHORTNAME, "MTF RSI Dashboard MT5");
   return(INIT_SUCCEEDED);
}

How to Install & Compile in MetaTrader MT5

Follow this complete step-by-step technical guide to install, compile, and configure the custom MQL5 indicator on your desktop trading terminal:

Step 1

Download Source File

Download the raw .mq5 source file to your computer using the direct download button below.

Step 2

Open MT5 Data Folder

Open your MetaTrader terminal, navigate to the top menu bar, click File → Open Data Folder, and open the MQL5 → Indicators subfolder.

Step 3

Copy & Compile in MetaEditor

Paste the downloaded file into the Indicators directory. Press F4 on your keyboard to launch MetaEditor, open the file, and press Compile (F7). Ensure the compiler reports 0 errors and 0 warnings.

Step 4

Attach to Chart & Configure

Return to your terminal, refresh the Navigator (Ctrl+N) panel, drag the indicator onto your active chart, check Allow DLL imports (if applicable), and customize input parameters.

Integrating with Expert Advisors (EA) via iCustom()

Algorithmic traders and quant developers can seamlessly integrate this indicator into custom automated Expert Advisors (EAs). Because the indicator calculates values into standardized plot buffers on closed bars, you can query buffer values using native MQL5 functions without recompilation:

// MT5 MQL5 iCustom Calling Syntax Example
int indicatorHandle = iCustom(_Symbol, _Period, "MTF_RSI_Dashboard_MT5");
double buyBuffer[1], sellBuffer[1];

CopyBuffer(indicatorHandle, 0, 1, 1, buyBuffer);
CopyBuffer(indicatorHandle, 1, 1, 1, sellBuffer);

if (buyBuffer[0] != 0.0 && buyBuffer[0] != EMPTY_VALUE) {
    // Bullish signal confirmed on closed bar [1] -> Execute Buy Order
}
if (sellBuffer[0] != 0.0 && sellBuffer[0] != EMPTY_VALUE) {
    // Bearish signal confirmed on closed bar [1] -> Execute Sell Order
}

How to Set Up Mobile Push Notifications on iOS & Android

To receive real-time push alerts on your smartphone whenever an institutional signal triggers:

  1. Install the official MetaTrader MT5 app on your iPhone or Android smartphone.
  2. Open the mobile app, go to Settings → Messages, and copy your unique 8-character MetaQuotes ID.
  3. In your desktop MetaTrader terminal, click Tools → Options (Ctrl+O) → Notifications tab.
  4. Check Enable Push Notifications and paste your MetaQuotes ID into the box.
  5. Click Test to verify phone delivery, then enable push alerts in the indicator inputs.

Institutional Risk Management & Capital Preservation Protocol

Professional proprietary trading desks operate under strict risk control parameters to ensure longevity:

  • Maximum 1% - 2% Risk Rule: Never risk more than 1% to 2% of total account equity on any individual trade setup.
  • Minimum 1:2.5 Risk-to-Reward Ratio (RRR): Only execute setups where the potential profit target is at least 2.5 times greater than the stop-loss invalidation distance.
  • Multi-Timeframe Confluence Required: Never take an intraday trade against the primary Daily or 4-Hour trend direction.
  • High-Impact Economic News Awareness: Avoid entering new positions 15 minutes before and after major macroeconomic data releases (such as US Non-Farm Payrolls, CPI Inflation, and central bank FOMC/ECB interest rate announcements).

Strategy Backtesting & Historical Modeling Protocol

Before deploying any indicator or automated strategy in a live trading environment, professional quants conduct rigorous multi-year backtesting across varying market conditions:

  • 99.9% Tick Data Modeling: Use high-precision tick history from reputable data providers (such as Dukascopy or TrueFX) to eliminate spread anomalies and slippage distortion.
  • Spread & Commission Inclusion: Always test with realistic variable spreads and broker commission structures to simulate true real-world execution friction.
  • Out-of-Sample Walk-Forward Optimization: Avoid curve-fitting by validating parameters on 70% in-sample data and testing robustness on 30% out-of-sample data.
  • Monte Carlo Drawdown Analysis: Run randomized trade sequence simulations to calculate the maximum potential drawdown under adverse market volatility regimes.

Virtual Private Server (VPS) & Execution Latency Optimization

For active day traders, scalpers, and automated Expert Advisors, execution speed is paramount:

  • Low-Latency Proximity Hosting: Deploy your MetaTrader MT5 terminal on a dedicated Windows VPS located in the same financial data center (e.g. Equinix LD4 in London or NY4 in New York) as your broker server to achieve sub-millisecond execution times.
  • Terminal Memory Optimization: Go to Tools → Options → Charts and decrease Max bars in chart to 5,000 to conserve CPU and RAM resources.
  • Audio & News Feed Disabling: Turn off unneeded terminal audio event chimes and background news feeds to ensure 100% of CPU cycles are dedicated to indicator calculations.

Common MetaTrader Error Codes & Resolution Matrix

Error CodeDescriptionExact Resolution Action
ERR_INVALID_STOPS (130)Stop Loss or Take Profit is too close to current price.Verify broker freeze/stops level in symbol specification and increase SL distance.
ERR_OFF_QUOTES (136)Broker server has no available liquidity quotes.Market may be closed or experiencing extreme liquidity disruption during major news.
ERR_REQUOTE (138)Price moved before order reached broker liquidity pool.Increase slippage tolerance deviation parameter in your order execution settings.
ERR_TRADE_TIMEOUT (128)Order request timed out waiting for server acknowledgment.Check internet connection latency or migrate terminal to a dedicated trading VPS.

Institutional Quantitative Trading Lexicon

Displacement: An aggressive, large-bodied candle expansion demonstrating dominant institutional buying or selling volume.
Liquidity Pool: Resting stop loss orders and breakout stops clustered above equal highs or below equal lows.
Mitigation: The process where price returns to rebalance an unmitigated Order Block or Fair Value Gap before continuing trend expansion.
Sharpe Ratio: A mathematical metric measuring risk-adjusted returns by dividing excess return over standard deviation volatility.

Broker Execution Models & Raw Spread Compatibility

To achieve optimal performance when using custom technical indicators:

  • ECN / Raw Spread Accounts: Use True ECN accounts with 0.0 pip spreads and transparent commissions to ensure precision stop loss and take profit execution.
  • No Dealing Desk (NDD) Routing: Direct market access ensures orders are routed straight to tier-1 liquidity providers without dealer intervention or artificial requotes.
  • Leverage & Margin Safety: Maintain sufficient free margin (minimum 500% margin level) to avoid margin calls during sudden macroeconomic volatility spikes.

MTF_RSI_Dashboard_MT5.mq5

Version: v2.00File Size: 17.9 KBTotal Downloads: 15,000+License: Free Open SourcePlatform: MetaTrader MT5

Download .mq5
VirusTotal Verified Clean • Zero DLL Dependencies
15,000+ DownloadsCompatible with MT5 64-Bit

Frequently Asked Questions

Yes. Setting InpPushAlerts to true sends instant notifications to your iPhone or Android MetaTrader 5 app whenever multi-timeframe alignment occurs.
RaptozGroup
Developed & Audited by RaptozGroup

Quantitative algorithmic trading research desk specializing in MetaTrader MQL4/MQL5 automated systems, institutional order book mechanics, and risk management tools.

MTF_RSI_Dashboard_MT5.mq5
15,000+ DownloadsFree Open Source
Download .mq5