OPEN-SOURCE SCRIPT

Multi-Timeframe Trend Table

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📊 Indicator Overview:

This is a Multi-Timeframe Trend Analyzer based on:
Short EMA (fast trend)
Long EMA (slow trend)
Across 3 customizable timeframes

It summarizes market direction into a simple table + chart overlay, so you instantly know the market bias.

🧠 Core Logic

The trend is defined using a very clear rule:
📌 Bullish (UP ↗)
Price > Short EMA
Price > Long EMA
📌 Bearish (DOWN ↘)
Price < Short EMA
Price < Long EMA
👉 So you’re basically measuring:
Is price above both momentum layers? → strong bullish
Below both? → strong bearish
⏱️ Multi-Timeframe Analysis

You can choose any 3 timeframes, for example:

15M (entry timing)
1H (intraday trend)
4H (macro bias)

Each timeframe is analyzed independently and displayed in the table.

📋 Trend Table

The indicator draws a table on your chart showing:
🔹 If EMA values are enabled:
| Timeframe | Trend | EMA Short | EMA Long |
🔹 If disabled:
| Timeframe | Trend |

🎯 Signal Meaning
🟢 UP ↗
Price is above both EMAs
Strong bullish bias

🔴 DOWN ↘
Price is below both EMAs
Strong bearish bias

📈 Current Timeframe EMAs

The indicator also plots on your chart:
Short EMA
Long EMA

⚙️ You can enable/disable this from inputs.

👉 This gives you visual confirmation directly on price.

⚙️ Inputs & Customization
🔹 Timeframes

1st TF
2nd TF
3rd TF
(fully customizable)

🔹 EMA Settings
Short EMA length
Long EMA length

🔹 Display Options
Show/hide EMA values in table
Show/hide EMAs on chart

Table position

💡 Practical Trading Use
1️⃣ Trend Filtering (Bias Tool)
All 3 TFs = UP → strong bullish environment
All 3 TFs = DOWN → strong bearish environment
👉 Use it to define market bias before entering
2️⃣ Entry Timing
Example:

4H → UP
1H → UP
15M → Pullback

👉 Look for buy entries on lower timeframe

3️⃣ Avoid Bad Trades

Example:

4H → UP
1H → DOWN

👉 Market is conflicting → stay out

⚠️ Important Notes

- This is not a standalone entry system
- It’s a trend/bias confirmation tool
- EMAs are lagging → signals are slightly delayed

🧩 Final Summary

This indicator simplifies a complex question:
“Is the market aligned across multiple timeframes?”

Aviso legal

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