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MTF Trailing SL Strategy [QuantNomad]This is a Multi-Timeframe version of my Trailing SL Strategy. Few weeks ago I published Trailing SL Strategy. There I used only basic Trailing SL to enter positions. It worked pretty well so I tried to work on it a bit. I thought what if you can use the same ATR TSL on different timeframes and combine them into one signal. In this strategy you can use only ATR stops and choose 3 other higher timeframes in addition to your current timeframe. You'll see Trailing SL plotted on the chart form all these timeframes. Entry Long position if all 4 time-frames agree on long signal. Exit Long positions when at least 2 time-frames disagree on long signal. Entry to Short position if all 4 time-frames agree on Short signal. Exit from Short positions when at least 2 time-frames disagree on Short signal. Here is the link to my basic Trailing SL Strategy:
Strategia Pine Script®
di QuantNomad
45
MTF Selection Framework - PineCoders FAQOur MTF Selection Framework allows Pine coders to add multi-timeframe capabilities to their script with the following features: ► Timeframe selection The higher timeframe can be selected using 3 different ways: • By steps (60 min., 1D, 3D, 1W, 1M, 1Y). • As a multiple of the current chart's resolution, which can be fractional, so 3.5 will work. • Fixed. ► Non-repainting or Repainting mode can be selected. ► Smoothing of the HTF line Can be turned on/off and a smoothing factor allows the user to select the degree of smoothing he requires. The framework is used here to create a higher timeframe version of a simple RSI line, but it can be used to access HTF information for almost any signal. Functions used f_resInMinutes() Converts the current timeframe.multiplier plus the TF into minutes of type float. • In Pine, the timeframe.multiplier is an integer representing the resolution, but a value of 1 can mean one day or one minute. This function converts that information in a standard fractional float minutes format that can then be used by the other functions in the framework. • If the chart's current resolution is 15 seconds, the function will return 0.25 . If the chart's resolution is one day, it will return 1440 . f_tfResInMinutes(_resolution) Returns resolution of _resolution period in minutes. • This function does the same as f_resInMinutes() , but on the target resolution supplied as a parameter in the timeframe.period string format. f_resNextStep(_res) Given a current resolution in fractional float minutes, returns its corresponding stepped HTF in the timeframe.period string format. • This allows the implementation of the step HTF selection mode. f_multipleOfRes(_res, _mult) Given a current resolution in fractional float minutes and a fractional multiplier, returns a multiple of the resolution as a string in "timeframe.period" format usable with "security()". • A multiple like 3.5 is allowed. • Note that with seconds resolutions, the result returned is constrained by the discrete seconds resolutions available on TV. f_htfLabel(_txt, _y, _color) Used to display a label showing either: • A warning when the chart's resolution is not lower than the HTF. • The HTF resolution currently used. The y position used to position the label will require adaptation to the signal you are using. For use in "overlay = true" mode, a technique that works well is commented out in the code. Look first. Then leap.
Indicatore Pine Script®
di PineCoders
23
[RichG] Easy MTF Strategy v1.1This is a second attempt at an easy to understand multiple time frame strategy. This one uses ATR for exits. If the position is long, and the price closes below the ATR multiplier, it triggers a close. If the position is short, and the price closes above the ATR/multiplier, it triggers a close. This generates a lot of little trades but is useful because it uses multiple time frames along with cutting losses when the ATR disagrees.
Strategia Pine Script®
di RichGTastyTrader
7
MTF MACD 2 By YuthavithiIf you want a good strategy without repaint. This one might be for you. Excellent profitable for BTCUSD3M for OKCoin. It uses multiple time frame MACD for trading decision. To avoid repaint, set the delay period = 1 for both long term and midterm. The idea is that, if long term, mid term and current time frame all agree on traidng direction, the trade will take place. I also uses it in my automated trading bot with good result. www.tradingview.com
Strategia Pine Script®
di yongyuth.rootwararit
8
Multi SMA EMA WMA HMA BB (4x3 MAs Bollinger Bands) Pro MTF - RRBMulti SMA EMA WMA HMA 4x3 Moving Averages with Bollinger Bands Pro MTF by RagingRocketBull 2018 Version 1.0 This indicator shows multiple MAs of any type SMA EMA WMA HMA etc with BB and MTF support, can show MAs as dynamically moving levels. There are 4 MA groups + 1 BB group. You can assign any type/timeframe combo to a group, for example: - EMAs 50,100,200 x H1, H4, D1, W1 (4 TFs x 3 MAs x 1 type) - EMAs 8,13,21,55,100,200 x M15, H1 (2 TFs x 6 MAs x 1 type) - D1 EMAs and SMAs 12,26,50,100,200,400 (1 TF x 6 MAs x 2 types) - H1 WMAs 7,77,231; H4 HMAs 50,100,200; D1 EMAs 144,169,233; W1 SMAs 50,100,200 (4 TFs x 3 MAs x 4 types) - +1 extra MA type/timeframe for BB compile time: 25-30 sec full redraw time after parameter change in UI: 3 sec There are several versions: Simple, MTF, Pro MTF, Advanced MTF and Ultimate MTF. This is the Pro MTF version. The Differences are listed below. All versions have BB - Simple: you have 2 groups of MAs that can be assigned any type (5+5) - MTF: +2 custom Timeframes for each group (2x5 MTF) - Pro MTF: +4 custom Timeframes for each group (4x3 MTF), MA levels and show max bars back options - Advanced MTF: +2 extra MAs/group (4x5 MTF), custom Ticker/Symbol, backreferences for type, TF and MA lengths in UI - Ultimate MTF: +individual settings for each MA, custom Ticker/Symbols Features: - 4x3 = 12 MAs of any type including Hull Moving Average (HMA) - 4x MTF groups with step line smoothing - BB +1 extra TF/type for BB MAs - 12 MA levels with adjustable group offsets, indents and shift - show max bars back - you can show/hide both groups of MAs/levels and individual MAs Notes: 1. based on 3EmaBB, uses plot*, barssince and security functions 2. you can't set certain constants from input due to Pinescript limitations - change the code as needed, recompile and use as a private version 3. Levels = trackprice implementation 4. Show Max Bars Back = show_last implementation 5. uses timeframe textbox instead of input resolution to allow for 120 240 and other custom TFs. Also supports TFs in hours: 2H or H2 6. swma has a fixed length = 4, alma and linreg have additional offset and smoothing params 7. Smoothing is applied by default for visual aesthetics on MTF. To use exact ma mtf values (lines with stair stepping) - disable it MTF Notes: - uses simple timeframe textbox instead of input resolution dropdown to allow for 120, 240 and other custom TFs, also supports timeframes in H: 2H, H2 - Groups that are not assigned a Custom TF will use Current Timeframe (0). - MTF will work for any MA type assigned to the group - MTF works both ways: you can display a higher TF MA/BB on a lower TF or a lower TF MA/BB on a higher TF. - MTF MA values are normally aligned at the boundary of their native timeframe. This produces stair stepping when a higher TF MA is viewed on a lower TF. Therefore X Y Point Density/Smoothing is applied by default on MA MTF for visual aesthetics. Set both to 0 to disable and see exact ma mtf values (lines with stair stepping and original mtf alignment). - Smoothing is disabled for BB MTF bands because fill doesn't work with smoothed MAs after duplicate values are replaced with na. - MTF MA Value fluctuation is possible on the current bar due to default security lookahead Smoothing: - X,Y == 0 - X,Y smoothing disabled (stair stepping on high TFs) - X == 0, Y > 0 - X,Y smoothing applied to all TFs - Y == 0, X > 0 - X smoothing applied to all TFs < deltaX_max_tf, Y smoothing disabled - X > 0, Y > 0 - Y smoothing applied to all TFs, then X smoothing applied to all TFs < deltaX_max_tf X Smoothing with Y == 0 - shows only every deltaX-th point starting from the first bar. X Smoothing with Y > 0 - shows only every deltaX-th point starting from the last shown Y point, essentially filling huge gaps remaining after Y Smoothing with points and preserving the curve's general shape X Smoothing on high TFs with already scarce points produces weird curve shapes, it works best only on high density lower TFs Y Smoothing reduces points on all TFs, removes adjacent points with prices within deltaY, while preserving the smaller curve details. A combination of X,Y produces the most accurate smoothing. Higher delta value - larger range, more points removed. Show Max Bars Back: - can't set plot show_last from input -> implemented using a timenow based range check - you can't delete/modify history once plotted, so essentially it just sets a start point for plotting (from num_bars bars back) that works only in realtime mode (not in replay) Levels: You can plot current MA value using plot trackprice=true or by checking Show Price Line in Style. Problem is: - you can only change color (not the dashed line style, width), have both ma + price line (not just the line), and it's full screen wide - you can't set plot trackprice from input => implemented using plotshape/plotchar with fixed text labels serving as levels - there's no other way of creating a dynamic level: hline, plot, offset - nothing else works. - you can't plot a text var - all text strings must be constants, so you can't change the style, width and text labels without recompiling. - from input you can only adjust offset, indent and shift for each level group, and change color - the dot below each level line is the exact MA value. If you want just the line swap plotshape with plotchar, recompile and save as your private version, adjust Y shift. To speed up redraw times: reduce last_bars to ~2000, recompile and use as your own private version Pinescript is a rudimentary language (should be called Painscript instead) that can basically only plot data. You can't do much else. Please see the code for tips and hints. Certain things just can't be done or require shady workarounds and weeks of testing trying to resolve weird node.js compiler errors. Feel free to learn from/reuse/change the code as needed and use as your own private version. See comments in code. Good Luck!
Indicatore Pine Script®
di RagingRocketBull
7
3 Line Strike MTF [MsF]Japanese below / 日本語説明は英文の後にあります。 ------------------------- *This indicator is based on TheTrdFloor's "3 Line Strike ". It's a very cool indicator. thank you. In addition to the original indicator, it will be judged Engulfing only when the display of the MTF signal and the candle have a difference of 2 times or more. === Function description === 1. Display of the MTF signal Detects Engulfing of the specified Multi Time Frame. MTF Engulfing is displayed with 🍆 and 🍑. 2. Judged Engulfing on a difference of 2 times or more Show a signal if the body of the current candle is more than twice as large as the body of the previous candle. This will make the signal mark appear larger than normal. === Parameter description === - COMMON SETTING - Show Signal on MTF ? … If the check this, you can get MTF 3 Line Strike - Judge Double Engulfing ? … If you check it, the signal will come up only when the Engulfing has doubled or more. - 3 LINE STRIKE - Show Bearish 3 Line Strike … The Bearish 3 Line Strike (3LS-Bear) is a candlestick pattern comprised of 3 bullish (green) candles, followed by a bearish engulfing candle (see 'Big A$$ Candles' below). This pattern tends to be best used as a signal of the end of a retracement period as part of a trend continuation strategy. Default: Checked - Show Bullish 3 Line Strike … The Bullish 3 Line Strike (3LS-Bull) is a candlestick pattern comprised of 3 bearish (red) candles, followed by a bullish engulfing candle (see 'Big A$$ Candles' below). This pattern tends to be best used as a signal of the end of a retracement period as part of a trend continuation strategy. Default: Checked - BIG A$$ CANDLES - Show Bearish Big A$$ Candles … Bearish 'Big A$$ Candles' are the same as Bearish Engulfing candles. - Show Bullish Big A$$ Candles … Bullish 'Big A$$ Candles' are the same as Bullish Engulfing candles. ------------------------- 本来のインジケーターに、①MTFシグナルの表示と②ローソク足の表示に2倍以上の差がある場合のみ包み足の判定を追加しました。 === 機能説明 === 1. MTFシグナルの表示 指定された時間足の包み足を検出します。 🍆 と 🍑 で表示されます。 2. 2倍以上の差で包み足判定 現在のローソクの実体が前のローソクの実体よりも 2 倍以上大きい場合にシグナルを表示します。マークは通常よりも大きく表示されます。 === パラメータの説明 === - COMMON SETTING - Show Signal on MTF ? … MTFシグナルを表示します - Judge Double Engulfing ? … 包み足が前の足の2倍以上になった場合のみシグナルを発報します - 3 LINE STRIKE - Show Bearish 3 Line Strike … 陰線が3連続続いた後の包み足を検出します - Show Bullish 3 Line Strike … 陽線が3連続続いた後の包み足を検出します - BIG A$$ CANDLES - Show Bearish Big A$$ Candles … 陽線の包み足を検出します - Show Bullish Big A$$ Candles … 陰線の包み足を検出します
Indicatore Pine Script®
di Trader_Morry
2
MACD Enhanced Strategy MTF with Stop Loss [LTB]Test strategy for MACD This strategy, named "MACD Enhanced Strategy MTF with Stop Loss ," is a modified Moving Average Convergence Divergence (MACD) strategy with enhancements such as multi-timeframe (MTF) analysis, custom scoring, and a dynamic stop loss mechanism. Let’s break down how to effectively use it: Key Elements of the Strategy MACD Indicator with Modifications: The strategy uses MACD, a well-known momentum indicator, with customizable parameters: fastLength, slowLength, and signalLength represent the standard MACD settings. Instead of relying solely on MACD crossovers, it introduces scoring parameters for histogram direction (histside), indicator direction (indiside), and signal cross (crossscore). This allows for a more nuanced decision-making process when determining buy and sell signals. Multi-Timeframe Analysis (MTF): The strategy compares the current timeframe's MACD score with that of a higher timeframe (HTF). It dynamically selects the higher timeframe based on the current timeframe. For example, if the current chart period is 1, it will select 5 as the higher timeframe. This MTF approach aims to align trades with broader trends, filtering out false signals that could be present when analyzing only a single timeframe. Scoring System: A custom scoring system (count() function) is used to evaluate buy and sell signals. This includes calculations based on the direction and momentum of MACD (indi) and the histogram. The score is used to determine the strength of signals. Positive scores indicate bullish sentiment, while negative scores indicate bearish sentiment. This scoring mechanism aims to reduce the influence of noise and provide more reliable entries. Entry Conditions: Long Condition: When the Result value (a combination of MTF and current MACD analysis) changes and becomes positive, a long entry is triggered. Short Condition: When the Result changes and becomes negative, a short entry is initiated. Stop Loss Mechanism: The countstop() function calculates dynamic stop loss values for both long and short trades. It is based on the Average True Range (ATR) multiplied by a factor (Mult), providing adaptive stop loss levels depending on market volatility. The stop loss is plotted on the chart to show potential risk levels for open trades, with the line appearing only if shotsl is enabled. How to Use the Strategy To properly use the strategy, follow these steps: Parameter Optimization: Adjust the input parameters such as fastLength, slowLength, and signalLength to tune the MACD indicator to the specific asset you’re trading. The values provided are typical defaults, but optimizing these values based on backtesting can help improve performance. Customize the scoring parameters (crossscore, indiside, histside) to balance how much weight you want to put on the direction, histogram, and cross events of the MACD indicator. Select Appropriate Timeframes: This strategy employs a multi-timeframe (MTF) approach, so it's important to understand how the higher timeframe (HTF) is selected based on the current timeframe. For instance, if you are trading on a 5-minute chart, the higher timeframe will be 15 minutes, which helps filter out lower timeframe noise. Ensure you understand the relationship between the timeframe you’re using and the HTF it automatically selects. The strategy’s effectiveness can vary depending on how these timeframes align with the asset’s overall volatility. Run Backtests: Always backtest the strategy over historical data to determine its reliability for the asset and timeframes you’re interested in. Note that the MTF approach may require substantial data to capture how different timeframes interact. Use the backtest results to adjust the scoring parameters or the Stop Loss Factor (Mult) for better risk management. Stop Loss Usage: The stop loss is calculated dynamically using ATR, which means that it adjusts with changing volatility. This can be useful to avoid being stopped out too often during periods of increased volatility. The shotsl parameter can be set to true to visualize the stop loss line on the chart. This helps to monitor the protection level and make better decisions regarding holding or closing a trade manually. Entry Signals and Trade Execution: Look for changes in the Result value to determine entry points. For a long position, the Result needs to become positive, and for a short position, it must be negative. Note that the strategy's entries are more conservative because it waits for the Result to confirm the direction using multiple factors, which helps filter out false breakouts. Risk Management: The adaptive stop loss mechanism reduces the risk by basing the stop level on market volatility. However, you must still consider additional risk management practices such as position sizing and profit targets. Given the scoring mechanism, it might not enter trades frequently, which means using this strategy may result in fewer but potentially more accurate trades. It’s important to be patient and not force trades that don’t align with the calculated results. Real-Time Monitoring: Make sure to monitor trades actively. Since the strategy recalculates the score on each bar, real-time changes in the Result value could provide exit opportunities even if the stop loss isn't triggered. Summary The "MACD Enhanced Strategy MTF with Stop Loss " is a sophisticated version of the MACD strategy, enhanced with multi-timeframe analysis and adaptive stop loss. Properly using it involves optimizing MACD and scoring parameters, selecting suitable timeframes, and actively managing entries and exits based on a combination of scoring and volatility-based stop losses. Always conduct thorough backtesting before applying it in a live environment to ensure the strategy performs well on the asset you're trading.
Strategia Pine Script®
di skigoogs
3
Zero Lag Trend Signals (MTF) + Sideways FilterThis script is a custom indicator for TradingView that combines two major components: the **Zero Lag Trend** (with MTF support) and a **Sideways Market Filter**. Let me break down the key features and functions of the script: ### Key Components: 1. **Zero Lag Trend Signals**: - **Zero Lag Trend (ZLEMA)**: A smoothed moving average designed to minimize lag and give faster responses to price movements. This is used to determine the trend. - **Trend Bands**: Upper and lower bands are derived from the ZLEMA value and adjusted by volatility (calculated using Average True Range or ATR). - **Trend Direction**: The trend direction is determined by whether the price crosses over the upper or lower band of the ZLEMA, indicating bullish or bearish trends. 2. **Sideways Market Filter**: - **RSI (Relative Strength Index)**: Measures the speed and change of price movements. It's used here to identify neutral or sideways market conditions when RSI is between 40 and 60. - **ADX (Average Directional Index)**: Measures the strength of a trend. The script considers a sideways market when ADX is less than 25 and both DI+ and DI- are low. - **Sideways Market Condition**: A sideways market is defined when the RSI is in the range of 40 to 60 and the ADX is below 25, indicating weak trends. ### Main Features: 1. **Sideways Market Indicators**: - **Sideways Circles**: When the market is identified as "sideways" based on RSI and ADX conditions, a small circle is plotted either above or below the bars on the chart. The user can adjust the color of the circles via the indicator settings. - **Sideways Market Filter**: This filter helps to determine when to stay out of trend-based signals, and its detection is visually marked by the circles. 2. **Zero Lag Trend (ZLEMA) Plot**: - **ZLEMA**: The Zero Lag Exponential Moving Average is plotted as a baseline, and the direction of the trend is indicated by color changes. Green is used for bullish trends, and red is used for bearish trends. - **Trend Bands**: The script calculates upper and lower bands around the ZLEMA using volatility, and these bands help identify areas of potential trend reversal. 3. **Trend Plotting**: - **Trend Arrows**: When the trend crosses from bullish to bearish or vice versa, the script plots arrows ("▲" for bullish and "▼" for bearish) above or below the bars on the chart to indicate the signal. - **Trend Entry Points**: Small arrows are plotted when an entry point is detected for a long (bullish) or short (bearish) position. 4. **Multi-Timeframe (MTF) Trend Signals**: - The script includes multi-timeframe (MTF) analysis by checking the trend on different timeframes (5m, 15m, 60m, 240m, and 1D). - A **data table** is displayed on the chart showing the trend status for each of these timeframes (Bullish or Bearish), helping the trader visualize the trend across multiple timeframes. 5. **Alerts**: - **Alert Conditions**: Alerts are triggered when specific conditions are met, such as: - Bullish or bearish trend crossover. - Zero Lag Trend crossing the price. - Trend change signals on any of the timeframes. - Alerts for bullish and bearish entry signals based on the trend. ### Inputs for Customization: - **Zero Lag Trend Parameters**: Length, multiplier for the band, and timeframes for MTF analysis (t1, t2, t3, t4, t5). - **Color Customization**: Colors for bullish and bearish trends, as well as the fill colors for the bands and the sideways market circles. - **Sideways Market Filter Parameters**: RSI length, ADX length, and options for showing sideways market circles. - **Circle Customization**: You can adjust the size, color, and location (above or below bars) of the sideways market circles. ### Summary: This indicator is a sophisticated tool that combines the **Zero Lag Trend** and **Sideways Market Filter** to help traders: - Identify strong trends (bullish or bearish) using the ZLEMA and volatility bands. - Stay out of choppy or sideways markets using the RSI and ADX filter. - Make trading decisions based on trend confirmation across multiple timeframes (MTF). - Customize the visual appearance, including color schemes, circle size, and alert conditions. This script is perfect for traders who want to focus on trading trends while avoiding market conditions that are not conducive to strong directional moves.
Indicatore Pine Script®
di jaydipali622018
2
Heiken Ashi MTF Monitor - Better Formula - EMA, AMA, KAFA, T3Heiken Ashi MTF Monitor - Better Formula - EMA, AMA, KAFA, T3 This indicator is based on the works of Loxx & Smart_Money-Trader, without their initial codes, none of this will be possible. This Pine Script indicator provides a multi-timeframe (MTF) analysis of Heiken Ashi trends, designed to enhance the traditional Heiken Ashi method with advanced smoothing techniques such as the Exponential Moving Average (EMA), Adaptive Moving Average (AMA), Kaufman’s Adaptive Moving Average (KAMA), and the Triple Exponential Moving Average (T3). The indicator offers a flexible approach to identify bullish, bearish, and neutral trends across six customizable timeframes and various Heiken Ashi calculation methods. Key Features: Multi-Timeframe (MTF) Support: The indicator allows you to monitor trends across six timeframes (e.g., 2-hour, 4-hour, daily, weekly, monthly), giving a holistic view of market conditions at different scales. Heiken Ashi Calculation Methods: Choose between traditional Heiken Ashi or an enhanced "Better HA" method for more refined trend analysis. Smoothing Options: Apply different smoothing techniques, including EMA, T3, KAMA, or AMA, to the Heiken Ashi values for smoother, more reliable trend signals. Non-Repaint Option: This feature ensures that the values do not repaint after the bar closes, providing a more reliable historical view. Customizable Plotting: The indicator offers full customization of which timeframes to display and whether to show labels for each timeframe. Inputs and Settings: Timeframe Inputs: Users can set up to six different timeframes, ranging from intraday (2-hour, 4-hour) to higher timeframes (daily, weekly, monthly). Timeframes can be enabled or disabled individually for each analysis. Label Visibility: Labels indicating the trend direction (bullish, bearish, neutral) can be shown for each timeframe. This helps with clarity when monitoring multiple timeframes simultaneously. Smoothing Options: EMA: Exponential Moving Average for standard smoothing. AMA: Adaptive Moving Average, which adapts its smoothing based on market volatility. KAMA: Kaufman’s Adaptive Moving Average, which adjusts its sensitivity to price fluctuations. T3: Triple Exponential Moving Average, providing a smoother and more responsive moving average. None: No smoothing applied (for raw Heiken Ashi calculations). Non-Repaint Setting: Enabling this ensures the trend values do not change after the bar closes, offering a stable historical view of trends. Core Functions: Heiken Ashi Calculations: Traditional HA: The classic Heiken Ashi calculation is used here, where each bar's open, close, high, and low are computed based on the average price of the previous bar. Better HA: A refined calculation method, where the raw Heiken Ashi close is adjusted by considering the price range. This smoother value is then optionally processed through a moving average function for further smoothing. Heiken Ashi Trend Calculation: Based on the selected Heiken Ashi method (Traditional or Better HA), the indicator checks whether the trend is bullish (upward movement), bearish (downward movement), or neutral (sideways movement). For the "Better HA" method, the trend determination uses the difference between the smoothed Heiken Ashi close and open. Moving Averages: The moving averages applied to the Heiken Ashi values are configurable: EMA: Standard smoothing with an exponential weighting. T3: A triple exponential smoothing technique that provides a smoother moving average. KAMA: An adaptive smoothing technique that adjusts to market noise. AMA: An adaptive moving average that reacts to market volatility, making it more flexible. None: For raw, unsmoothed Heiken Ashi data. Trend Detection: The indicator evaluates the direction of the trend for each timeframe and assigns a color-coded value (bearish, bullish, or neutral). The trend values are plotted as circles, and their color reflects the detected trend: red for bearish, green for bullish, and white for neutral. Multi-Timeframe (MTF) Support: The indicator can be used to analyze up to six different timeframes simultaneously. The trend for each timeframe is calculated and displayed as circles on the chart. Users can enable or disable individual timeframes, allowing for a customizable view based on which timeframes they are interested in monitoring. Plotting: The indicator plots circles at specific levels based on the detected trend (Level 1 for the 2-hour timeframe, Level 2 for the 4-hour timeframe, etc.). The size and color of these circles represent the trend direction. These plotted values provide a quick visual reference for trend direction across multiple timeframes. Usage: Trend Confirmation: By monitoring trends across multiple timeframes, traders can use this indicator to confirm trends and avoid false signals. Customizable Timeframe Analysis: Traders can focus on shorter timeframes for intraday trades or look at longer timeframes for a broader market perspective. Smoothing for Clarity: By applying various moving average techniques, traders can reduce noise and get a clearer view of the trend. Non-Repainting: The non-repaint option ensures the indicator values remain consistent even after the bar closes, providing more reliable signals for backtesting or live trading. This Heiken Ashi MTF Monitor indicator with better formulas and smoothing options is designed for traders who want to analyze trends across multiple timeframes while benefiting from advanced moving averages and more refined Heiken Ashi calculations. The customizable settings for smoothing, timeframe selection, and label visibility allow users to tailor the indicator to their specific needs and trading style.
Indicatore Pine Script®
di Madpuppy88
Enhanced Pressure MTF ScreenerEnhanced Pressure Multi-Timeframe (MTF) Screener Indicator Overview The Enhanced Pressure MTF Screener is an add-on that extends the capabilities of the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis . It provides a clear and consolidated view of buy/sell pressure across multiple timeframes. This indicator allows traders to determine when different timeframes are synchronized in the same trend direction, which is particularly useful for making high-confidence trading decisions. Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together. Key Features 1.Multi-Timeframe Analysis The indicator screens various predefined timeframes (from 1 week down to 10 minutes). It offers a table view that shows buy or sell ratings for each timeframe, making it easy to see which timeframes are aligned. Traders can choose which timeframes to include based on their trading strategies (e.g., higher timeframes for position trading, lower timeframes for scalping). 2.Pressure and Trend Calculation Uses Buy and Sell Pressure calculations from the Enhanced Buy/Sell Pressure indicator to determine whether buying or selling is dominant in each timeframe. By analyzing pressures on multiple timeframes, the indicator gives a comprehensive perspective of the current market sentiment. The indicator calculates whether a move is strong based on user-defined thresholds, which are displayed in the form of additional signals. 3.Heikin Ashi Option The Heikin Ashi candle type can be toggled on or off. Using Heikin Ashi helps smooth out market noise and provides a clearer indication of trend direction. This is particularly helpful for traders who want to filter out market noise and focus on the primary trend. 4.Table Customization Table Positioning: The table showing timeframe data can be positioned at different locations on the chart—top, middle, or bottom. Text and Alignment: The alignment and text size of the table can be customized for better visual clarity. Color Settings: Users can choose specific colors to indicate buying and selling pressure across timeframes, making it easy to interpret. 5.Strong Movement Indicators The screener provides an additional visual cue (🔥) for timeframes where the movement is deemed strong, based on a user-defined threshold. This helps highlight timeframes where significant buying or selling pressure is present, which could signal potential trading opportunities. How the Screener Works 1.Pressure Calculation For each selected timeframe, the indicator retrieves the Open, High, Low, and Close (OHLC) values. It calculates buy pressure (the range between high and low when the closing price is higher than the opening) and sell pressure (the range between high and low when the closing price is equal to or lower than the opening). The screener computes the pressure ratio, which represents the difference between buying and selling pressure, to determine which side is dominant. 2.Trend Rating and Signal Generation Based on the calculated pressure, the screener determines a trend rating for each timeframe: "Buy," "Sell," or "Neutral." (▲ ,▼ or •) Additionally, it generates a signal (▲ or ▼) to indicate the current trend direction and whether the move is strong (based on the user-defined threshold). If the movement is strong, a fire icon (🔥) is added to indicate that there is significant pressure on that timeframe, signaling a higher confidence in the trend. 3.Customizable Strong Move Thresholds Strong Move Threshold: The screener uses this value to decide whether a trend is significantly strong. A higher value makes it more selective in determining strong moves. Strong Movement Threshold: Helps determine when an additional strong signal should be displayed, offering further insight into the strength of market movement. Inputs and Customization The Enhanced Pressure MTF Screener is highly customizable to fit the needs of individual traders: General Settings: Use Heikin Ashi: Toggle this setting to use Heikin Ashi for a smoother trend representation. Strong Move Threshold: Defines how strong a move should be to be considered significant. Strong Movement Threshold: Specifies the level of pressure required to highlight a move with the fire icon. Table Settings: Position: Choose the vertical position of the screener table (top, middle, or bottom of the chart). Alignment: Align the table (left, center, or right) to best suit your chart layout. Text Size: Adjust the text size in the table for better readability. Table Color Settings: Users can set different colors to represent buying and selling signals for better visual clarity, particularly when scanning multiple timeframes. Timeframe Settings: The screener provides options to include up to ten different timeframes. Traders can select and customize each timeframe to match their strategy. Examples of available timeframes include 1 Week, 1 Day, 12 Hours, down to 10 Minutes, allowing for both broad and detailed analysis. Practical Use Case Identifying Trend Alignment Across Timeframes: Imagine you are about to take a long trade but want to make sure that the trend direction is aligned across multiple timeframes. The screener displays "Buy" ratings across the 4H, 1H, 30M, and 10M timeframes, while higher timeframes (like 1W and 1D) also show "Buy" with strong signals (🔥). This indicates that buying pressure is strong across the board, adding confidence to your trade. Spotting Reversal Opportunities: If a downtrend is evident across most timeframes but suddenly a higher timeframe, such as 12H, changes to "Buy" while showing a strong move (🔥), this could indicate a potential reversal. The screener allows you to spot these discrepancies and consider taking early action. Benefits for Traders 1.Synchronization Across Timeframes: One of the main strengths of this screener is its ability to show synchronized buy/sell signals across different timeframes. This makes it easy to confirm the strength and consistency of a trend. For example, if you see that all the selected timeframes display "Buy," this implies that both short-term and long-term traders are favoring the upside, giving additional confidence to go long. 2.Quick and Visual Trend Overview: The table offers an at-a-glance summary, reducing the time required to manually inspect each timeframe. This makes it particularly useful for traders who want to make quick decisions, such as day traders or scalpers. 3.Strong Move Indicator: The use of fire icons (🔥) provides an easy way to identify significant movements. This is particularly helpful for traders looking for breakouts or strong market conditions that could lead to high probability trades. To put it short or to summarize The Enhanced Pressure MTF Screener is a powerful add-on for traders looking to understand how buy and sell pressure aligns across multiple timeframes. It offers: A clear summary of buying or selling pressure across different timeframes. Heikin Ashi smoothing, providing an option to reduce market noise. Strong movement signals to highlight significant trading opportunities. Customizable settings to fit any trading strategy or style. The screener and the main indicator are best used together, as the screener provides the multi-timeframe overview, while the main indicator provides an in-depth look at each individual bar and trend. I hope my indicator helps with your trading, if you guys have any ideas or questions there is the comment section :D
Indicatore Pine Script®
di Debis03
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