MTF Trend + Crossover Alerts

The MTF Trend + Crossover Alerts indicator provides a comprehensive multi-timeframe dashboard and real-time crossover signals to help traders identify trend alignment across various horizons.

Usage

The tool can be used to gauge market sentiment at a glance and identify potential entry points based on moving average momentum.

• Multi-Timeframe Dashboard: Located at the bottom left of the chart, this table displays the current trend status (Bullish, Bearish, or Neutral) for the 1m, 5m, 15m, 30m, 1H, 4H, and 1D timeframes.
• Crossover Signals: On the active timeframe, the script plots "BUY" labels when the fast moving average crosses above the slow moving average, and "SELL" labels when the fast moving average crosses below the slow moving average.
• Trend Confirmation: Traders often look for alignment where the lower timeframe signals match the higher timeframe trends displayed in the dashboard for higher-probability setups.

Details

The indicator utilizes the request.security() function to fetch data from different timeframes to determine trend states. The trend logic is binary based on the relationship between two moving averages:

• Bullish: Fast Moving Average > Slow Moving Average.
• Bearish: Fast Moving Average < Slow Moving Average.
• Neutral: Both averages are equal.

The dashboard uses color-coded cells (Green for Bullish, Red for Bearish, and Blue for Neutral) and icons to ensure the information is easily digestible during fast-paced market conditions.

Settings

• Fast MA Period: Sets the lookback period for the faster moving average (default is 9).
• Slow MA Period: Sets the lookback period for the slower moving average (default is 21).
• MA Type: Allows the user to choose between an Exponential Moving Average (EMA) or a Simple Moving Average (SMA) for the calculations.

FAQ

How do I access MTF Trend + Crossover Alerts?

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

Can I change the timeframes shown in the dashboard?

The current version has the timeframes hardcoded from 1m to 1D to provide a standard overview of market structure, but the crossover signals will always adapt to your active chart timeframe.

Does this indicator repaint?

The dashboard uses the latest confirmed data from various timeframes; however, signals on the current chart are based on moving average crossovers which confirm upon the close of the bar.