Moving Average MTF - squattter

The Moving Average MTF - squattter indicator provides a multi-timeframe simple moving average (SMA) on a single chart, allowing traders to monitor higher-tier trend dynamics without switching views. It is designed to bridge the gap between short-term price action and long-term trend direction by projecting data from specified timeframes onto the current resolution.

Usage

The Usage section focuses on how to integrate the multi-timeframe data into a trading strategy. By default, the indicator can be set to either track the current chart resolution or a fixed higher timeframe (such as Daily or Weekly) while viewing a lower timeframe (such as the 15-minute or 1-hour).

Traders typically use this tool to identify:

• Trend Alignment: Ensuring that trades taken on a lower timeframe align with the direction of the moving average on a higher timeframe.
• Dynamic Support and Resistance: Higher timeframe moving averages often act as significant psychological levels where price may bounce or break.
• Cross Signals: The script includes logic to detect when the current price crosses over or under the multi-timeframe average, signaling potential momentum shifts.

Details

The script utilizes the request.security function to fetch data from different timeframes. When a higher timeframe is selected, the moving average calculation is processed using the data from that specific resolution and then plotted across the bars of the current chart. This creates a "stepped" visual effect or a smoothed line depending on the timeframe gap, representing the value of the SMA at the close of the higher timeframe intervals. The script is optimized to minimize repainting by using standard security request protocols.

Settings

• Length: Determines the number of periods used to calculate the Simple Moving Average.
• Source: Defines which price data point (Close, Open, High, Low, etc.) is used for the calculation.
• Use Current Chart's Timeframe?: A toggle that, when enabled, forces the indicator to match the timeframe of the active chart.
• Timeframe: Specifies the custom resolution (e.g., 60 for hourly, D for daily) used when the "Use Current Chart's Timeframe" option is disabled.

FAQ

How do I interpret the moving average if it looks like a flat line? If the selected timeframe is significantly higher than your current chart (e.g., Daily SMA on a 1-minute chart), the line will appear flat for long durations because the value only updates once per higher-timeframe bar.

Can I use this indicator for crossover alerts? Yes, the script is optimized to trigger alerts whenever the current price crosses above or below the multi-timeframe moving average line.

How can I access the Moving Average MTF - squattter? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.