Multi-timeframe Trend & Momentum Dashboard

The Multi-timeframe Trend & Momentum Dashboard indicator provides a comprehensive multi-timeframe analysis tool that aggregates trend direction, trend duration, and momentum data into a single on-chart table.

Usage

The indicator is used to monitor market conditions across up to nine different timeframes simultaneously. Traders can use the dashboard to identify confluence between short-term and long-term trends.

• Trend Identification: The dashboard displays whether a timeframe is Bullish, Bearish, or Neutral based on moving average crossovers.
• Duration Tracking: Next to each timeframe, the "Dur" value indicates how many bars the current trend has persisted, helping to identify mature or fresh trends.
• Momentum & Divergence: The RSI column provides momentum readings. If the RSI color conflicts with the trend (e.g., a bearish trend with an RSI above 50), the cell flashes yellow to signal a potential divergence or reversal.
• Visual Signals: On the current chart timeframe, "Bullish" or "Bearish" labels appear automatically when a trend change is detected.

Details

The script determines trends by comparing a fast Moving Average (EMA or SMA) against a slow Moving Average (EMA or SMA). When the fast MA is above the slow MA, the trend is classified as bullish; conversely, it is bearish when the fast MA is below the slow MA.

The dashboard also calculates an "Average" trend at the bottom of the table, which represents the aggregate sentiment across all selected timeframes. Data for different timeframes is fetched using request.security, ensuring that the analysis remains consistent regardless of the chart's current resolution.

Settings

Timeframe Configuration

• Number of Timeframes to Show: Adjusts the number of rows displayed in the dashboard (up to 9).
• Time frame 1-9: Sets the specific resolutions to be analyzed by the script.

Analysis Settings

• Fast MA Period/Type: Defines the period and calculation method (EMA/SMA) for the shorter-term moving average.
• Slow MA Period/Type: Defines the period and calculation method (EMA/SMA) for the longer-term moving average.
• RSI Period: Sets the lookback period for the Relative Strength Index calculation.

Visuals & Dashboard

• Label Customization: Options to adjust the position, color, transparency, and size of the on-chart trend labels.
• Show Trend/RSI Table: Toggles the visibility of the on-chart dashboard.
• Table Position: Determines which corner of the chart the dashboard is anchored to.

FAQ

How do I access the Multi-timeframe Trend & Momentum Dashboard?

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

Can I change the moving average types used for trend detection?

Yes, the settings allow you to toggle between EMA (Exponential Moving Average) and SMA (Simple Moving Average) for both the fast and slow inputs.

What does the yellow flashing cell in the RSI column mean?

A flashing yellow cell indicates a divergence between the trend and momentum. For example, it flashes if the trend is bearish but the RSI is above 50, suggesting a potential loss in bearish momentum.