Multi-time Frame Trend Direction

This is a multi-time frame trend direction indicator. It indicates whether the trend is ascending or descending across multiple time frames: 5M, 15M, 30M, 1H, 4H, and Daily.

The logic is based on the positions of EMA12 and EMA26.

These EMAs are smoothed with an SMA.

Why 12 and 26, and why are they smoothed with 9?

As you might surmise, these parameters are derived from the MACD.

I recommend not altering the parameters, but the choice is yours. Enjoy.

Release Notes:

I used 3 trend system:

1. Golden Cross, Ema200 and Ema50
2. Heikinashi trend system by © Dziwne "Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud) by DZIV". I converted and updated.
3. Famous Vegas Trading system. Ema12, Ema144 and Ema169

I used 5 Min, 15Min, 30 Min, 60 Min, 4 Hour and Daily.
I believe it works most of the time.
Enjoy!