CM_Ultimate_MA_MTF - Modified w Signals

The CM_Ultimate_MA_MTF - Modified w Signals indicator provides a comprehensive multi-timeframe moving average toolkit designed to identify trend direction and potential entry/exit points through crossover signals.

Usage

This tool can be used to monitor trends across different timeframes without switching charts. By selecting a higher timeframe in the settings, users can see macro trend lines overlaid on their current candle data.

The indicator features two distinct moving averages. When both are enabled, it serves as a crossover system. A "BUY" label appears when the primary moving average crosses above the secondary moving average, while a "SELL" label appears when it crosses below. Users can also enable color-coded lines that change based on the slope/direction of the averages to quickly identify bullish or bearish momentum.

Details

The script allows for seven different types of moving averages, including popular variations like SMA, EMA, and WMA, as well as more advanced options like Hull MA, VWMA, RMA, and TEMA.

The implementation utilizes the request.security function to fetch data from different resolutions. It also includes a smoothing parameter for the color transitions, which prevents rapid flickering of colors during sideways price action by comparing the current value to a user-defined historical lookback.

Settings

Main Moving Average

• Source: The price data used for calculations (e.g., Close, Open, High, Low).
• Use Current Chart Resolution?: Toggle to use the timeframe of the active chart or a custom one.
• Use Different Timeframe?: Specifies the timeframe for the MA if the current resolution toggle is unchecked.
• Moving Average Length: The lookback period for the primary calculation.
• Atype: Selects the MA type (1=SMA, 2=EMA, 3=WMA, 4=HullMA, 5=VWMA, 6=RMA, 7=TEMA).
• Change Color Based On Direction?: Enables color shifting based on whether the MA is rising or falling.
• Color Smoothing: Adjusts the sensitivity of the color change.

Secondary Moving Average

• Optional 2nd Moving Average: Toggles the visibility of the second MA.
• Moving Average Length - Optional 2nd MA: The lookback period for the secondary calculation.
• Atype2: Selects the MA type for the second average.
• Change Color Based On Direction 2nd MA?: Enables color shifting for the second MA.

FAQ

How do I change the signal sensitivity?

You can adjust the signal sensitivity by changing the "Moving Average Length" and the "Atype" for both the primary and secondary moving averages. Shorter lengths will result in more frequent signals.

Can I see the crossover signals without plotting the second line?

Yes, you can configure the second MA parameters to define the signal logic and turn on the cross feature even if the second line is not actively plotted on your chart.

How do I access CM_Ultimate_MA_MTF - Modified w Signals?

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