OPEN-SOURCE SCRIPT
Multi Time Frame - VH
Updated
Identify strong uptrends across multiple timeframes (weekly, daily, hourly).
Combine momentum (MACD), trend (Supertrend), and volume analysis.
Use the hourly Supertrend as the final confirmation for entry.
Exit when the hourly trend reverses (hourly close below Supertrend).
Timeframes: The code now incorporates weekly, daily, and hourly timeframes, fulfilling the first goal.
Indicators: It uses MACD, Supertrend, and volume, fulfilling the second goal.
Hourly Confirmation: The hourly Supertrend crossover is used as the final entry trigger, fulfilling the third goal.
Exit: The sell condition is triggered when the hourly close crosses below the Supertrend, fulfilling the fourth goal.
Combine momentum (MACD), trend (Supertrend), and volume analysis.
Use the hourly Supertrend as the final confirmation for entry.
Exit when the hourly trend reverses (hourly close below Supertrend).
Timeframes: The code now incorporates weekly, daily, and hourly timeframes, fulfilling the first goal.
Indicators: It uses MACD, Supertrend, and volume, fulfilling the second goal.
Hourly Confirmation: The hourly Supertrend crossover is used as the final entry trigger, fulfilling the third goal.
Exit: The sell condition is triggered when the hourly close crosses below the Supertrend, fulfilling the fourth goal.
Release Notes
Initial GoalsIdentify strong uptrends across multiple timeframes (weekly, daily, hourly).
Combine momentum (MACD), trend (Supertrend), and volume analysis.
Use the hourly Supertrend as the final confirmation for entry.
Exit when the hourly trend reverses (hourly close below Supertrend).
Analysis of the Current Code
Timeframes: The code now incorporates weekly, daily, and hourly timeframes, fulfilling the first goal.
Indicators: It uses MACD, Supertrend, and volume, fulfilling the second goal.
Hourly Confirmation: The hourly Supertrend crossover is used as the final entry trigger, fulfilling the third goal.
Exit: The sell condition is triggered when the hourly close crosses below the Supertrend, fulfilling the fourth goal.
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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