OPEN-SOURCE SCRIPT
15 SMA Trend-Friend MTF
15 SMA Trend-Friend MTF is a high-level situational awareness tool designed to provide an instant "bird's-eye view" of a stock's trend structure across four critical timeframes: 1 Hour, 4 Hour, Daily, and Weekly.
By pulling real-time data from multiple time horizons into a single, clean table at the top of your chart, this indicator eliminates the need to constantly flip between tabs, allowing you to maintain focus on your primary execution timeframe.
Core Logic:
The dashboard tracks the SMA 15 across all four timeframes. A signal is determined by the relationship between the price and this moving average:
▲ UP (Green): Price has closed above the SMA 15 and is successfully maintaining its position above it. This indicates a confirmed bullish trend on that specific timeframe.
▼ DOWN (Red): Price has closed below the SMA 15 and is maintaining its position beneath it. This indicates a confirmed bearish trend on that specific timeframe.
Why This Is Valuable to Traders:
Trend Confluence: The most powerful moves in the market happen when multiple timeframes align. If the 1H, 4H, and 1D are all showing "UP," you have a high-probability long setup. If they are mixed, you know to expect chop or a potential reversal.
Contextual Awareness: It prevents "tunnel vision." A trader looking at a 5-minute chart might see a buy signal, but the MTF Dashboard will instantly warn them if the Daily and Weekly trends are heavily "DOWN," suggesting they are trading against a massive wall of resistance.
Efficiency: It saves critical seconds during fast-moving market conditions. You can scan through your watchlist and instantly see which stocks have "Full Alignment" (all green or all red) without ever leaving your main chart.
Customizable Visibility: With adjustable text sizes (up to "Huge") and a "Top Padding" feature, the dashboard can be positioned to stay perfectly visible regardless of your screen resolution or TradingView UI layout.
Best Use Case:
Use this as your "Master Filter." Before taking any signal from the Apex Momentum Filter, glance at the MTF Trend Dashboard. If your entry signal aligns with the higher-timeframe trends (Daily and Weekly), your probability of a successful trade increases significantly.
By pulling real-time data from multiple time horizons into a single, clean table at the top of your chart, this indicator eliminates the need to constantly flip between tabs, allowing you to maintain focus on your primary execution timeframe.
Core Logic:
The dashboard tracks the SMA 15 across all four timeframes. A signal is determined by the relationship between the price and this moving average:
▲ UP (Green): Price has closed above the SMA 15 and is successfully maintaining its position above it. This indicates a confirmed bullish trend on that specific timeframe.
▼ DOWN (Red): Price has closed below the SMA 15 and is maintaining its position beneath it. This indicates a confirmed bearish trend on that specific timeframe.
Why This Is Valuable to Traders:
Trend Confluence: The most powerful moves in the market happen when multiple timeframes align. If the 1H, 4H, and 1D are all showing "UP," you have a high-probability long setup. If they are mixed, you know to expect chop or a potential reversal.
Contextual Awareness: It prevents "tunnel vision." A trader looking at a 5-minute chart might see a buy signal, but the MTF Dashboard will instantly warn them if the Daily and Weekly trends are heavily "DOWN," suggesting they are trading against a massive wall of resistance.
Efficiency: It saves critical seconds during fast-moving market conditions. You can scan through your watchlist and instantly see which stocks have "Full Alignment" (all green or all red) without ever leaving your main chart.
Customizable Visibility: With adjustable text sizes (up to "Huge") and a "Top Padding" feature, the dashboard can be positioned to stay perfectly visible regardless of your screen resolution or TradingView UI layout.
Best Use Case:
Use this as your "Master Filter." Before taking any signal from the Apex Momentum Filter, glance at the MTF Trend Dashboard. If your entry signal aligns with the higher-timeframe trends (Daily and Weekly), your probability of a successful trade increases significantly.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.