MTF Technical Ratings [Anan]

Mohamed3nan Updated   

This indicator is a modified version of "Technical Ratings" v5.0 available in the public library to provide a quick overview of Technical Ratings in 6 optional timeframes.

- Multi-timeframe Table.
- Display Technical Ratings for "MAs" with a percentage.
- Display Technical Ratings for "Oscillators" with a percentage.
- Display Technical Ratings for "All" with a percentage.
- Full control of displaying any row(MAs / Oscillators / All) or any column(Multi-timeframe)
- Full control of Table position and size.
- Full control of displaying any row or column.


This indicator calculates TradingView's well-known "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" states using the aggregate biases of 26 different technical indicators.

The indicator calculates the aggregate value of two groups of indicators: moving averages and oscillators.

The "MAs" group is comprised of 15 different components:
 • Six Simple Moving Averages of periods 10, 20, 30, 50, 100 and 200
 • Six Exponential Moving Averages of the same periods
 • A Hull Moving Average of period 9
 • A Volume-weighed Moving Average of period 20
 • Ichimoku‎

The "Oscillators" group includes 11 components:
 • RSI
 • Stochastic
 • CCI
 • ADX
 • Awesome Oscillator
 • Momentum
 • Stochastic RSI
 • Wiliams %R
 • Bull Bear Power
 • Ultimate Oscillator

The state of each group's components is evaluated to a +1/0/-1 value corresponding to its bull/neutral/bear bias. The resulting value for each of the two groups are then averaged to produce the overall value for the indicator, which oscillates between +1 and -1. The complete conditions used in the calculations are documented in the Help Center.
Release Notes:
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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