Multi-Timeframe Golden Cross

Overview
The Multi-Timeframe Golden Cross Indicator is a powerful tool for traders seeking to identify trend changes using the classic Golden Cross and Death Cross strategy. It tracks the 50-period Exponential Moving Average (EMA) crossing the 200-period EMA across three timeframes—4-hour (4h), 1-hour (1h), and 15-minute (15m)—all displayed on your chosen chart. Bullish crosses (50 EMA above 200 EMA) are marked with green shapes, while bearish crosses (50 EMA below 200 EMA) are marked with red shapes, making it easy to spot potential buy and sell signals.
Designed for swing traders, day traders, and long-term investors, this indicator helps you confirm trends across multiple timeframes, enhancing your trading decisions with clear, visual cues.
How It Works
• Golden Cross (Bullish): When the 50 EMA crosses above the 200 EMA, a green shape appears below the price bar, signaling a potential uptrend.
• Death Cross (Bearish): When the 50 EMA crosses below the 200 EMA, a red shape appears above the price bar, signaling a potential downtrend.
• Multi-Timeframe Signals:
• 4h Timeframe: Green/red triangles indicate stronger, longer-term trends.
• 1h Timeframe: Green/red circles highlight medium-term trends.
• 15m Timeframe: Green/red diamonds show short-term trends.
• Chart EMAs: The indicator plots the 50 EMA (blue) and 200 EMA (orange) on your chart’s native timeframe for trend context.
Key Features
• Displays 4h, 1h, and 15m Golden/Death Cross signals on any chart timeframe.
• Distinct shapes (triangle, circle, diamond) and colors (green for bullish, red for bearish) for easy timeframe identification.
• Customizable EMA periods (default: 50 and 200) to suit your trading style.
• Overlays the 50 EMA and 200 EMA on your chart for visual trend confirmation.
Setup Instructions
1. Add the Indicator:
• Open TradingView’s Pine Editor (bottom panel).
• Copy and paste the script provided below.
• Click Save, name the indicator (e.g., “MTF Golden Cross”), and click Add to Chart.
2. Check the Chart:
• Green/red shapes will appear for crosses on 4h, 1h, and 15m timeframes.
• Blue (50 EMA) and orange (200 EMA) lines will show on your chart’s timeframe.
3. Customize (Optional):
• Click the indicator’s Settings (gear icon) in the chart legend.
• Adjust EMA 50 Length (default: 50) or EMA 200 Length (default: 200).
4. Choose a Timeframe:
• Use any chart timeframe (e.g., 5m, 1h, 1D). For best results, align the chart timeframe with your trading horizon (e.g., 1h for swing trading).
Interpreting Signals
• Bullish (Green Shapes):
• 4h Triangle: Strong buy signal for longer-term trends.
• 1h Circle: Buy signal for swing trading.
• 15m Diamond: Short-term buy signal for scalping or day trading.
• Action: Consider entering a long position, especially if multiple timeframes align (e.g., 4h and 1h bullish).
• Bearish (Red Shapes):
• 4h Triangle: Strong sell signal for longer-term trends.
• 1h Circle: Sell signal for swing trading.
• 15m Diamond: Short-term sell signal.
• Action: Consider exiting longs or entering shorts, with confirmation from higher timeframes.
• Trend Confirmation: Use the chart’s 50 EMA (blue) and 200 EMA (orange) to verify the trend direction. Stronger signals occur when multiple timeframes show the same cross direction.
Trading Tips
• Confirm with Other Tools: Pair the indicator with support/resistance, RSI, or volume for better accuracy.
• Focus on Trends: The Golden Cross works best in trending markets. Avoid relying on signals in choppy or sideways conditions.
• Use Multi-Timeframe Alignment: A 4h bullish cross combined with a 1h or 15m bullish cross is a stronger buy signal.
• Backtest First: Test the indicator on your asset and timeframe to understand its performance.
• Risk Management: Always use stop-loss orders and proper position sizing to protect your capital.
Customization Options
• Adjust EMA Periods: Change the 50 EMA or 200 EMA lengths in the settings to make signals more sensitive (shorter periods) or smoother (longer periods).
• Set Alerts:
• Click the Alert icon (bell) in TradingView.
• Select the indicator and create alerts for specific crosses (e.g., “4h Bullish Cross”).
• Modify Visuals: Edit the script’s plotshape lines to change shapes (e.g., shape.square) or colors (e.g., color.blue).
Limitations
• Lagging Nature: EMAs are lagging indicators, so signals may delay in fast markets.
• False Signals: Crosses in choppy markets can lead to false positives. Confirm with other indicators.
• Timeframe Noise: 15m signals are noisier than 4h signals, so prioritize higher timeframes for reliability.
Why Use This Indicator?
This indicator simplifies multi-timeframe analysis, allowing you to monitor short-term and long-term trends without switching charts. Whether you’re a day trader chasing 15m signals or a swing trader focusing on 4h trends, the clear visual cues and customizable settings make it a versatile addition to your trading toolkit.
Feedback Welcome
I’d love to hear your thoughts! Leave a comment with suggestions or share how you’re using the indicator. If you encounter issues or need a Pine Script v5 version for compatibility, let me know in the comments. Happy trading!