ViVen - Multi Time Frame - Moving Average Strategy

The ViVen - Multi Time Frame - Moving Average Strategy indicator provides a comprehensive view of trend direction by plotting multiple time frame moving averages on a single chart to identify support, resistance, and momentum shifts.

Usage

The Usage section describes how the script can be used to identify trend direction and potential entry or exit points across various timeframes. Users can monitor a range of intervals from 1-minute to Monthly to determine if an asset is in a bullish or bearish phase.

• Trend Identification: Use Monthly, Weekly, Daily, and 1-hour moving averages to establish the long-term trend. Price trading above these levels typically indicates a bullish regime, while price below suggests a bearish regime.
• Support & Resistance: These multi-timeframe lines act as dynamic support and resistance zones. Traders often look for candlestick confirmations when price approaches these levels.
• Scalping/Intraday Strategy: A common entry signal involves monitoring the 3-minute MA crossing the 5-minute MA. An upside cross suggests a "Buy" or scalp entry, while a downside cross suggests a "Sell" or "Exit" signal.
• Trend Following (Hold): Upside crosses between higher timeframes (e.g., 5m crossing 15m or 15m crossing 1h) indicate increasing momentum, suggesting "Hold" or "Strong Hold" for positional trading.

Details

The script utilizes the request.security function to fetch moving average data from higher timeframes and projects them onto the current chart. This allows for a birds-eye view of market structure without switching tabs.

The indicator includes a real-time Moving Average Table. This dashboard provides a summarized status of the Last Traded Price (LTP) relative to each active moving average. If the price is above a specific MA, the table cell highlights green (bullish), and if below, it highlights red (bearish).

Settings

⚡ DISPLAY INDICATORS ⚡

• On/Off All Indicators: Globally toggles the visibility of all plotted moving averages and the dashboard.

⚡ MOVING AVG ⚡

• Display MA Table: Toggles the visibility of the on-screen status dashboard.
• Display [Timeframe] MA: Individual checkboxes to turn on or off specific moving average lines (1m, 3m, 5m, 15m, 30m, 1h, Daily, Weekly, Monthly).

INDICATOR INPUT 🔨

• MA Type: Selects the calculation method for the averages (SMA, EMA, or WMA).
• Moving Avg Period: Sets the lookback period for all averages (Default is 200).

Dashboard Style Settings 📜

• Dashboard Location: Adjusts where the table appears on the chart (e.g., Top Right, Bottom Left).
• Dashboard Size: Changes the text size within the table (Tiny to Large).
• Text/Frame Color: Customizes the visual aesthetic of the dashboard borders and text.
• Cell Transparency: Controls the opacity of the background colors in the table cells.

FAQ

How do I interpret the colors on the moving average lines? The lines change color based on their slope; typically, a rising line indicates bullish momentum while a falling line indicates bearish momentum.

Can I use this for long-term investing? Yes, by focusing on the Daily, Weekly, and Monthly moving average plots, you can identify long-term trend direction and major support/resistance levels.

How do I access the ViVen - Multi Time Frame - Moving Average Strategy? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.