Multi-Timeframe Buy/Sell Signal Analysis

8 ore fa

1. The objective of this script is to provide buy and sell signals based on moving average (MA) and average true range (ATR) analysis, utilising data from multiple timeframes. The script permits traders to conduct more comprehensive analyses by examining market trends across a range of time intervals.

2. Inputs and Settings
MA Type: The user may select the type of moving average to be employed, either the simple moving average (SMA) or the exponential moving average (EMA).
maLength and maLength2: This parameter specifies the period lengths for the two types of moving averages (primary and secondary), which facilitate the analysis of short- and long-term trends.
=> atrLength: This parameter establishes the period for calculating ATR, which is employed to quantify price volatility.
=> atrMultiplier: The level of volatility is defined by multiplying the ATR value, thus establishing more dynamic price limits.

3. The Moving Average (MA) Function
The MA function is employed for the calculation of the Moving Average value, contingent on the selected type and length of the specified period. The MA is calculated on the closing price of the analysed symbol.

4. Multi-Timeframe Analysis
The script implements multi-timeframe analysis by calculating the moving average (MA) for various time intervals (3 minutes, 15 minutes, 60 minutes, and daily) using the request.security function. This allows users to view market trends on different timeframes, thereby facilitating a more comprehensive understanding of price movements.


5. The ATR calculatio is employed for the purpose of measuring market volatility. The script calculates the ATR based on the predefined ATRLength parameter. The ATR is employed for the purpose of adjusting buy and sell signals, taking into account market volatility that may be either higher or lower than average.

6. Buy/Sell Signal
A buy signal is generated when: A buy signal is generated when the closing price is above the primary moving average (MA), the primary MA is higher than the secondary MA, and the closing price is higher than the primary MA plus the modified moving average (MA) with a multiplier.
The Sell Signal is generated when the closing price is above the main moving average, the main moving average is above the secondary moving average, and the closing price is above the main moving average plus the modified moving average with a multiplier. A sell signal is generated when the closing price is below the main moving average, the main moving average is below the secondary moving average, and the closing price is below the main moving average minus the modified moving average average range with a multiplier.

7. The visualisation of the buy and sell signals is as follows: The highlighted form is in the shape of a green triangle (for buy signals) and a red triangle (for sell signals) and is displayed above or below the price bar.
=> Multi-Timeframe Moving Average (MA): The MA for each timeframe is displayed with a different colour (blue for 3 minutes, purple for 15 minutes, orange for 60 minutes, and grey for daily) in order to provide an illustration of the trend over a range of time periods.
The background serves to provide context. Additionally, the script incorporates the addition of a green or red background on the chart, which serves to indicate whether a buy or sell signal is present.

8. Advantages and Applications
This script is particularly beneficial for traders who wish to analyse the market using moving average (MA)-based signals and average true range (ATR) volatility. It offers flexibility through the use of different timeframes. This script can be used in conjunction with other indicators (e.g. relative strength index (RSI)) to enhance the precision of trading decisions.

I hope you enjoy my script and can enjoy it. the script is still in the development stage because the script still has signal notification gaps with certain periods and market volatility.

The script can be used in stock, crypto, and forex instruments / new scripts are tested in the stock and crypto markets. you can comment if you have tried in the forec market or others.

this script creat by J-trade.