n.bhaskar1993

MTF Trend Based on Price Action

Multi-Timeframe Trend indicator identifies the trend based on pure Price Action.

If the market makes higher lows and higher highs, the indicator plots a blue dot (indicating UP Trend).
And if the market makes lower lows and lower highs, the indicator plots a black dot (indicating DOWN Trend).
MTF Trend indicator plots instantaneous trend of 10 different time-frames. It divides the timeframe bands into Short, Medium and Long Term trends.
The indicator plots a signal cross below their respective trend bands when all timeframes in their band synchronize.
If all the three bands, short-medium-long, synchronize, the indicator plots a signal circle below the in indicator.
The topmost line plots the trend in the current chart.

Good Luck Trend Traders...
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Do you know if this would work on thinkorswim to screen stocks?
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Greetings ,,

How can i add an alert once the bottom signal is green

Many thanks
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n.bhaskar1993 AliAjlouni
@AliAjlouni, Hi,
Regarding Alerts for MTF Trend based on Price action, add the following script to the indicator script.

alertcondition(signal==1, title='Up Trend Signal', message='Price making Higher Highs in all time frames - Uptrend' )
alertcondition(signal==2, title='Down Trend Signal', message='Price making Lower Lows in all time frames - Downtrend' )


After adding the script, save the indicator and apply it to chart.
Now you can add alerts to MTF Trend indicator.

(You have to manually set the alerts)
Good Luck
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why is it that the indicator takes long to load?
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n.bhaskar1993 joeycognata
@joeycognata, It has to load data from different timeframes. So it takes some time.
+2 Reply
joeycognata n.bhaskar1993
@n.bhaskar1993, thank you for the reply
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Hi, are we able to screen with this script? So like we can scan when the circles go green?
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n.bhaskar1993 joeycognata
@joeycognata, Screening is not possible for this script.
+1 Reply
woooow, you are awesome
+2 Reply
This indicator is the sh*t, i use it while trading nadex, nothing but profit
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