MTF Market Bias+ (Smart Multi-Timeframe Trend Dashboard)

The MTF Market Bias+ (Smart Multi-Timeframe Trend Dashboard) indicator provides a visual, data-driven overview of market direction across up to eight customizable timeframes to help traders identify trend alignment.

Usage

The tool is primarily used to confirm market direction by checking if multiple timeframes show a synchronized bias. Traders can monitor the dashboard for specific conditions:

• Strong Bullish Alignment: When all selected timeframes display a green (bullish) status, indicating a high-probability environment for long positions.
• Strong Bearish Alignment: When all selected timeframes display a red (bearish) status, indicating a high-probability environment for short positions.
• Consolidation: Mixed colors across the dashboard suggest a neutral or corrective market phase where caution is advised.

The script also features a "Majority Score" and summary row, which aggregates the data to show the prevailing trend. An optional background coloring mode can be enabled to paint the chart background according to this majority bias for immediate visual feedback.

Details

The script calculates market bias using one of three selectable logic methods applied across different timeframes via request.security. The "EMA Slope" method looks at the momentum of an Exponential Moving Average over a specific lookback period. "Price vs EMA" compares the current closing price to the EMA value for short-term strength assessments. The "EMA50 vs EMA200" method uses the classic golden cross/death cross relationship to define structural bias.

The implementation includes a real-time dashboard table that updates on the last bar, providing both the specific status per timeframe and an "Info" row detailing the current calculation settings.

Settings

Display

• Panel Position: Determines where the dashboard table is anchored on the chart (Top, Middle, Bottom / Left, Center, Right).
• Bull/Bear/Neutral bg: Customizable color options for the different bias states.
• Label Size: Adjusts the text and cell size within the dashboard.
• Background color by majority: Toggles the full-chart background shading based on the aggregate trend.

Bias Method

• Method: Selects the calculation logic (EMA Slope, Price vs EMA, or EMA50 > EMA200).
• EMA length: Sets the period for the primary EMA.
• Slope lookback (bars): Defines the lookback period used specifically for the EMA Slope method.
• Slow EMA: Sets the period for the second EMA when using the crossover method.

Timeframes

• TF #1 - #8: Input fields to define the specific timeframes to be monitored (e.g., 3, 5, 15, 60, D, W).

FAQ

How do I access MTF Market Bias+ (Smart Multi-Timeframe Trend Dashboard)?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Can I change which timeframes are tracked?

Yes, the indicator supports up to eight custom timeframe inputs in the "Timeframes" settings group, ranging from minutes to weeks.

What does the "Majority" score mean?

The majority score calculates the sum of bullish (+1) and bearish (-1) signals across all active timeframes to provide a single reading of the overall market sentiment.