Multi-Timeframe Trend Indicator

Ox_kali Mis à jour   
The Multi-Timeframe Trend Indicator (MTFTI) is a trend analysis tool designed to help traders quickly and easily assess the market direction across multiple timeframes. With the help of a table to visualize the trends on different timeframes.

Key features:
  • Multi-timeframe trend indicator for the following timeframes: 5 minutes, 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, 6 hours, 12 hours, 1 day, and 1 week and average.
  • Displays trends for selected timeframes in a table.
  • Considers short and long-term exponential moving averages (EMAs) to determine trends.
  • Calculation of the average trend for all timeframes.
  • Display of trends with appropriate coloring for better readability (green for "Up", red for "Down", and intermediate shades for neutral or strong trends).

List of Parameters
  • Customization of the table's position on the screen (top-left, top-right, middle-left, middle-right, bottom-left, bottom-right).
  • Setting the lengths of the short and long-term exponential moving averages.
  • Option to activate or deactivate the display of EMAs for better customization (true by default).

Please note that the MTFTI is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Notes de version:
Updated code formatting.
Notes de version:
Update Note for Multi-Timeframe Trend Indicator (MTFTI)

New Features:
  • Options to Show/Hide Specific Timeframes: Users can now choose to show or hide specific timeframes in the trend table. This is controlled by the new input variables showTf1, showTf2, ..., showTf11.
  • Dynamic Average Trend Calculation: The script now calculates the average trend based only on the displayed timeframes, making the average more relevant to the user.

  • Removal of Trend Line on Chart: The new version does not contain the trend line (plot(0, "Trend", color=color.gray, linewidth=1, style=plot.style_stepline)) that was present in the previous version.
  • Average Trend Calculation: The calculation of the average trend (trendAvg) has been modified to account for only the active timeframes, thereby avoiding division by zero.

Code Improvements:
  • Initialization of trendSum and activeTfs Variables: New variables have been introduced to dynamically handle the calculation of the average trend.
  • Conditional Table Cell Filling: Conditions have been added for filling the table cells based on the displayed timeframes.

Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Vous voulez utiliser ce script sur un graphique ?