MTF Moving Average (itsmeterada)Hello TradingView Community,
Today, I'd like to introduce a simple and useful indicator I've developed.
**MTF Moving Average (itsmeterada):**
**What kind of indicator is this?**
This indicator allows you to display Moving Averages (MAs) from multiple timeframes (MTF) on your chart. It's convenient when you want to see MAs from higher timeframes alongside your current chart timeframe.
**Key Features of this Indicator:**
With traditional MTF Moving Average indicators, when you displayed multiple lines, it was often hard to remember "Which timeframe and period does this line represent?" and you had to open the parameters each time to check.
The biggest feature of this indicator is that it solves this problem!
It **automatically displays text labels at the end of each displayed Moving Average line**, indicating which timeframe and period that line corresponds to.
* Example: "240 SMA(20)" (Meaning: 4-hour chart's 20-period Moving Average)
* Example: "1D EMA(50)" (Meaning: Daily chart's 50-period Exponential Moving Average)
This makes it clear at a glance what settings each line uses, even when you display multiple MTF Moving Averages. You can analyze your charts more intuitively without getting confused. I believe this is a simple yet very convenient feature.
**How to Use:**
In the parameter settings, you can freely customize the timeframe, period, type of Moving Average (SMA, EMA, etc.), line color, thickness, and more. Please set it up to suit your trading style.
**Finally:**
I developed this indicator because I wanted to make MTF Moving Average analysis more visually clear and efficient. I hope it will be helpful for your trading.
Please give it a try! If you have any questions, feedback, or suggestions for improvement, please feel free to leave a comment.
If you like it, I'd appreciate a "Like"!
Thank you for your time and consideration.
