OPEN-SOURCE SCRIPT
MTF Andean Oscillator
MTF Andean Oscillator is a Multi Timeframe version of the popular Andean Oscillator that allows traders to view oscillator data from another selected timeframe while staying on the current chart.
This helps traders align entries with higher timeframe trend strength or monitor lower timeframe momentum without switching charts.
How It Works:
The script uses the standard Andean Oscillator formula and imports values from a user selected timeframe using multi timeframe logic.
Example:
Stay on 5 Minute chart and view 1 Hour Andean trend
Stay on 15 Minute chart and view 4 Hour Andean trend
Stay on Daily chart and view 4 Hour momentum shifts
Features:
• Standard Andean Oscillator calculation
• External timeframe selector
• Bull line shown in green
• Bear line shown in red
• Signal line shown in orange
• Separate oscillator pane for clean viewing
• Optional show or hide lines
• Real time multi timeframe updates
• Current selected timeframe display panel
Best Use Cases:
• Scalping with higher timeframe confirmation
• Intraday trading with trend alignment
• Spotting pullbacks inside larger trends
• Avoiding trades against dominant momentum
• Multi timeframe confluence setups
Reading the Oscillator:
Bull line above Bear line may indicate stronger bullish momentum.
Bear line above Bull line may indicate stronger bearish momentum.
Signal line can help identify momentum shifts and transitions.
Examples:
5 Minute chart + 1 Hour external timeframe for scalping
15 Minute chart + 4 Hour external timeframe for intraday trend trades
1 Hour chart + Daily external timeframe for swing bias
Important Note:
This tool is designed for analysis support and should be used together with price action, structure, volume, and risk management.
No indicator guarantees future movement.
This helps traders align entries with higher timeframe trend strength or monitor lower timeframe momentum without switching charts.
How It Works:
The script uses the standard Andean Oscillator formula and imports values from a user selected timeframe using multi timeframe logic.
Example:
Stay on 5 Minute chart and view 1 Hour Andean trend
Stay on 15 Minute chart and view 4 Hour Andean trend
Stay on Daily chart and view 4 Hour momentum shifts
Features:
• Standard Andean Oscillator calculation
• External timeframe selector
• Bull line shown in green
• Bear line shown in red
• Signal line shown in orange
• Separate oscillator pane for clean viewing
• Optional show or hide lines
• Real time multi timeframe updates
• Current selected timeframe display panel
Best Use Cases:
• Scalping with higher timeframe confirmation
• Intraday trading with trend alignment
• Spotting pullbacks inside larger trends
• Avoiding trades against dominant momentum
• Multi timeframe confluence setups
Reading the Oscillator:
Bull line above Bear line may indicate stronger bullish momentum.
Bear line above Bull line may indicate stronger bearish momentum.
Signal line can help identify momentum shifts and transitions.
Examples:
5 Minute chart + 1 Hour external timeframe for scalping
15 Minute chart + 4 Hour external timeframe for intraday trend trades
1 Hour chart + Daily external timeframe for swing bias
Important Note:
This tool is designed for analysis support and should be used together with price action, structure, volume, and risk management.
No indicator guarantees future movement.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。