OPEN-SOURCE SCRIPT
SJ Stoch MFT 3
📊 Stoch MTF 3 TF Direction Only
This indicator is a Multi-Timeframe Stochastic (MTF) designed to identify trade direction by analyzing the Stochastic direction across 3 different timeframes simultaneously.
It focuses only on direction, not overbought/oversold levels, making it ideal as a trend filter to reduce false signals and improve trade accuracy.
⸻
🔧 How It Works
For each selected timeframe, the indicator calculates the Stochastic oscillator and determines its direction:
• 🔼 Bullish → %K is above %D
• 🔽 Bearish → %K is below %D
A signal is generated only when all 3 timeframes agree on the same direction.
⸻
⏱ Configurable Timeframes
• TF1: Default M1
• TF2: Default M5
• TF3: Default M15
All timeframes are fully customizable to fit any trading style.
⸻
🎯 Signals on Chart
• 🟢 BUY Signal
Triggered when Stochastic direction is bullish on all 3 timeframes.
• 🔴 SELL Signal
Triggered when Stochastic direction is bearish on all 3 timeframes.
Signals are displayed as small circles below the candles, keeping the chart clean and readable.
⸻
🔔 Alerts
Built-in TradingView alerts are included:
• BUY signal alert
• SELL signal alert
Suitable for:
• Manual trading
• Automation / Webhook alerts
• EA or trading bot integration
⸻
📌 Best Use Cases
• Scalping and Intraday trading
• Traders who rely on Stochastic
• Multi-timeframe trend confirmation
• Directional filter for any trading strategy
⸻
⚠️ Disclaimer
This indicator is not a standalone trading system.
For best results, combine it with proper risk management, price action, or support/resistance analysis.
This indicator is a Multi-Timeframe Stochastic (MTF) designed to identify trade direction by analyzing the Stochastic direction across 3 different timeframes simultaneously.
It focuses only on direction, not overbought/oversold levels, making it ideal as a trend filter to reduce false signals and improve trade accuracy.
⸻
🔧 How It Works
For each selected timeframe, the indicator calculates the Stochastic oscillator and determines its direction:
• 🔼 Bullish → %K is above %D
• 🔽 Bearish → %K is below %D
A signal is generated only when all 3 timeframes agree on the same direction.
⸻
⏱ Configurable Timeframes
• TF1: Default M1
• TF2: Default M5
• TF3: Default M15
All timeframes are fully customizable to fit any trading style.
⸻
🎯 Signals on Chart
• 🟢 BUY Signal
Triggered when Stochastic direction is bullish on all 3 timeframes.
• 🔴 SELL Signal
Triggered when Stochastic direction is bearish on all 3 timeframes.
Signals are displayed as small circles below the candles, keeping the chart clean and readable.
⸻
🔔 Alerts
Built-in TradingView alerts are included:
• BUY signal alert
• SELL signal alert
Suitable for:
• Manual trading
• Automation / Webhook alerts
• EA or trading bot integration
⸻
📌 Best Use Cases
• Scalping and Intraday trading
• Traders who rely on Stochastic
• Multi-timeframe trend confirmation
• Directional filter for any trading strategy
⸻
⚠️ Disclaimer
This indicator is not a standalone trading system.
For best results, combine it with proper risk management, price action, or support/resistance analysis.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.