Multi IND Dashboard
Jan 10, 2023
The Multi IND Dashboard indicator provides a comprehensive multi-timeframe monitoring solution by consolidating price change, RSI, ATR, Alligator, and Supertrend data into a single, organized table. This tool allows traders to track market momentum and trend alignment across up to 10 customizable timeframes simultaneously, eliminating the need to switch charts constantly.
Usage
The Usage section focuses on how to interpret the dashboard's outputs and how they correspond to market conditions:
- Change: Displays the net price difference from the previous candle's close on each timeframe, helping identify immediate price momentum.
- RSI: Monitors the Relative Strength Index. The dashboard applies color coding based on user-defined levels (Default: 75/65/55 for overbought and 45/35/25 for oversold) to highlight varying degrees of exhaustion.
- ATR: Shows the Average True Range for each timeframe, providing a quick glance at current volatility and average candle swings.
- Alligator: Reports the trend status based on the relationship between the Lips, Teeth, and Jaws. "Bullish" is displayed when Lips > Teeth > Jaws, "Bearish" when Lips < Teeth < Jaws, and "Neutral" otherwise.
- Supertrend: Indicates the current trend direction (Bullish/Bearish) based on the specified ATR factor and length.
Details
The script utilizes request.security calls to fetch data from different resolutions. It is designed to be lightweight by wrapping multiple calculations into a single tuple before requesting external data. The Alligator status is calculated using Smoothed Moving Averages (SMMA), while the ATR can be customized with various smoothing methods (RMA, SMA, EMA, WMA).
Settings
Indicator
- Change / RSI / ATR / Alligator / Super Trend: Toggles for enabling or disabling specific rows in the dashboard.
RSI Setting
- Length: The lookback period for the RSI calculation.
- Source: The price data used (e.g., Close, HL2).
- Overbought/Oversold Levels & Colors: Custom thresholds for the three levels of overbought/oversold coloring.
ATR Setting
- Length: The period for ATR calculation.
- Smoothing: Method used for the ATR average (RMA, SMA, EMA, or WMA).
Alligator Setting
- Jaw/Teeth/Lips Length: Individual periods for the three Bill Williams Alligator lines.
Supertrend Setting
- ATR Length: Lookback period for the volatility component.
- Factor: The multiplier applied to the ATR to set the trend threshold.
Style Settings
- Dashboard Location: Position of the table on the chart.
- Dashboard Size: Adjusts the text size for better visibility.
- Bullish/Bearish Color: Custom colors for positive and negative trend statuses.
Resolution
- 1st - 10th: Customizable timeframe slots for the dashboard columns.
FAQ
How do I interpret the RSI colors? The colors change based on the thresholds set in the RSI Settings. Darker or more intense colors usually signify deeper overbought or oversold territory as defined by the Min, Med, and Max inputs.
Can I use this on any symbol? Yes, the dashboard automatically pulls data for the symbol currently active on your main chart across all selected timeframes.
How can I access Multi IND Dashboard? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
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