Mediana & Parallel Lines Multi-Timeframe (MTF Channel)

Description

Mediana & Parallel Lines MTF is a visual indicator for MetaTrader 5 that draws parallel channels directly on the current chart, based on the last two closed candles of higher timeframes (Monthly, Weekly, Daily, H4, H1, M30, M15).

Each channel consists of 3 parallel trend lines:

  • Median Line – drawn through the midpoint (Open+Close)/2 of the last two closed candles of the selected timeframe;
  • High Line – parallel to the median, starting from the High of the second-to-last candle;
  • Low Line – parallel to the median, starting from the Low of the second-to-last candle.

The slope of all three lines is identical, calculated from the change in the median between the two reference candles. This provides a simple, clear visual projection of the direction/trend of that timeframe, automatically extended into the future (ray right).

Key Features

  • Supports 7 timeframes simultaneously: MN1, W1, D1, H4, H1, M30, M15 — each can be enabled/disabled independently.
  • Individual color for each timeframe, fully configurable from inputs.
  • Configurable line width and style (LineWidth, LineStyle), applied globally.
  • Automatic safety rule: a timeframe's channel is only displayed if that timeframe is higher than the current chart timeframe (e.g. the Daily channel won't appear if you're already viewing the D1 chart or higher) — prevents irrelevant/redundant data from being shown.
  • Performance optimized: calculation logic runs only once per new bar (not on every tick), allowing smooth operation across dozens of charts simultaneously without lag.
  • Auto-cleanup: all graphical objects are automatically deleted when the indicator is removed from the chart ( OnDeinit ).
  • Info panel: displays a list of currently active channels in the chart corner (via Comment ).
  • No repaint — relies exclusively on already closed candles (index 1 and 2).

Input Parameters

Timeframe Selection (True/False)

Parameter

Default

Description

Show_MN1

true

Show Monthly Channel

Show_W1

true

Show Weekly Channel

Show_D1

true

Show Daily Channel

Show_H4

false

Show H4 Channel

Show_H1

false

Show H1 Channel

Show_M30

false

Show M30 Channel

Show_M15

false

Show M15 Channel

Channel Colors

Parameter

Default

Color_MN1

Red

Color_W1

Orange

Color_D1

Yellow

Color_H4

Lime

Color_H1

Aqua

Color_M30

DeepSkyBlue

Color_M15

Magenta

Line Style Settings

Parameter

Default

Description

LineWidth

2

Line width

LineStyle

STYLE_SOLID

Line style (solid, dash, dot, etc.)

How to Use

  1. Attach the indicator to any chart (ideally on lower timeframes, such as M15–H1, to see higher timeframe channels projected over current price).
  2. Enable/disable the desired timeframes from the input properties window.
  3. Customize colors and line style as preferred.
  4. Channels update automatically whenever a new candle forms on the current chart.

Recommendations

Useful for traders applying multi-timeframe top-down analysis, providing a quick visual representation of the direction and magnitude of price movement on higher timeframes, overlaid directly on the execution chart.