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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Comments

Hello Bhaskar! Good Work!
I have a couple of questions , Hope you can help?
1. Does the Signal repaint? For Example Today is Friday and the market has closed down.
On Monday the market opens gap up 500 Points.
Will all the red dots that were shown on Friday Disappear?

2. What is the best way to avoid repainting if any?

Thanks!
+6 Reply
This is an upper echelon “near-holy grail” signal provider. If interpreted corrected and followed systematically, it will produce a minimum of 3.00 profit factor on daily time frames on many different markets. Absolute simplistic genious. Thank Mr. dude from India for sharing (for free!!) to the public. You will make me many thousands of USD 😁
+5 Reply
Does this repaint?....I see security function
+3 Reply
Hi, is it possible that there are signals that show up that weren't there before?
+2 Reply
woooow, you are awesome
+2 Reply
If I'm correct, this is similar to Multi Time Frame (MTF) & HOLB/LOHB at Simpler Trading? This looks really good. I will be trying it out this week. What is your average success rate with this? Anyone else who want to post their results feel free. Great job!
+1 Reply
Do you know if this would work on thinkorswim to screen stocks?
+1 Reply
Greetings ,,

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

Many thanks
+1 Reply
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
+1 Reply
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