OPEN-SOURCE SCRIPT
(Mustang Algo) Trend 5/15/30/1H + EMA Lines + Aligned Signal

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MUSTANG ALGO - MULTI-TIMEFRAME TREND ALIGNMENT
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📊 OVERVIEW:
This indicator analyzes trend alignment across four key timeframes (5m, 15m, 30m, 1H) using customizable moving averages. It helps traders identify high-probability setups when multiple timeframes confirm the same trend direction.
🎯 KEY FEATURES:
✓ Multi-Timeframe Analysis (5m/15m/30m/1H)
- Monitors trend direction on 4 different timeframes simultaneously
- Visual table showing real-time trend status for each period
- Optional price display for each timeframe
✓ Flexible Moving Average System
- Choose from 5 MA types: EMA, SMA, SMMA (RMA), WMA, VWMA
- Customizable Fast MA (default: 20) and Slow MA (default: 50)
- Visual cloud between moving averages (green=bullish, red=bearish)
✓ Alignment Signals
- "4x UP" triangle: All 4 timeframes bullish (strong uptrend)
- "4x DOWN" triangle: All 4 timeframes bearish (strong downtrend)
- Signals appear only when ALL timeframes agree
✓ Visual Enhancements
- MA cloud with transparency for better chart readability
- Optional candle coloring based on local trend
- Clean, customizable dashboard display
✓ Alert System
- Built-in alerts for bullish alignment (4 TF aligned up)
- Built-in alerts for bearish alignment (4 TF aligned down)
- Perfect for automated trading setups
📈 HOW TO USE:
1. **Trend Confirmation**: Wait for alignment signals (triangles) before entering trades
2. **Dashboard Monitoring**: Check the top-right table to see individual TF trends
3. **MA Cloud**: Use the cloud as dynamic support/resistance
4. **Entry Timing**: Enter on local timeframe when higher TFs are aligned
⚙️ CUSTOMIZABLE PARAMETERS:
- Fast MA Length (default: 20)
- Slow MA Length (default: 50)
- MA Type (EMA/SMA/SMMA/WMA/VWMA)
- Toggle dashboard display
- Toggle price display in dashboard
- Toggle MA cloud
- Toggle candle coloring
⚠️ BEST PRACTICES:
- Use on 5m or 15m charts for optimal multi-TF analysis
- Combine with price action and volume for best results
- Alignment signals are rare but highly significant
- Not a standalone system - use as confluence tool
💡 STRATEGY IDEAS:
- Scalping: Enter on local TF when all TFs aligned
- Swing Trading: Hold positions while alignment maintained
- Risk Management: Exit if alignment breaks
- Confluence: Combine with support/resistance levels
📌 NOTES:
- Works on all markets (Crypto, Forex, Stocks, Indices)
- Repaints minimally (only on MA calculations)
- Low resource usage, efficient code
═══════════════════════════════════════════════════════════
Created by Mustang Spirit Trading Academy
For educational purposes - Always manage your risk!
═══════════════════════════════════════════════════════════
MUSTANG ALGO - MULTI-TIMEFRAME TREND ALIGNMENT
═══════════════════════════════════════════════════════════
📊 OVERVIEW:
This indicator analyzes trend alignment across four key timeframes (5m, 15m, 30m, 1H) using customizable moving averages. It helps traders identify high-probability setups when multiple timeframes confirm the same trend direction.
🎯 KEY FEATURES:
✓ Multi-Timeframe Analysis (5m/15m/30m/1H)
- Monitors trend direction on 4 different timeframes simultaneously
- Visual table showing real-time trend status for each period
- Optional price display for each timeframe
✓ Flexible Moving Average System
- Choose from 5 MA types: EMA, SMA, SMMA (RMA), WMA, VWMA
- Customizable Fast MA (default: 20) and Slow MA (default: 50)
- Visual cloud between moving averages (green=bullish, red=bearish)
✓ Alignment Signals
- "4x UP" triangle: All 4 timeframes bullish (strong uptrend)
- "4x DOWN" triangle: All 4 timeframes bearish (strong downtrend)
- Signals appear only when ALL timeframes agree
✓ Visual Enhancements
- MA cloud with transparency for better chart readability
- Optional candle coloring based on local trend
- Clean, customizable dashboard display
✓ Alert System
- Built-in alerts for bullish alignment (4 TF aligned up)
- Built-in alerts for bearish alignment (4 TF aligned down)
- Perfect for automated trading setups
📈 HOW TO USE:
1. **Trend Confirmation**: Wait for alignment signals (triangles) before entering trades
2. **Dashboard Monitoring**: Check the top-right table to see individual TF trends
3. **MA Cloud**: Use the cloud as dynamic support/resistance
4. **Entry Timing**: Enter on local timeframe when higher TFs are aligned
⚙️ CUSTOMIZABLE PARAMETERS:
- Fast MA Length (default: 20)
- Slow MA Length (default: 50)
- MA Type (EMA/SMA/SMMA/WMA/VWMA)
- Toggle dashboard display
- Toggle price display in dashboard
- Toggle MA cloud
- Toggle candle coloring
⚠️ BEST PRACTICES:
- Use on 5m or 15m charts for optimal multi-TF analysis
- Combine with price action and volume for best results
- Alignment signals are rare but highly significant
- Not a standalone system - use as confluence tool
💡 STRATEGY IDEAS:
- Scalping: Enter on local TF when all TFs aligned
- Swing Trading: Hold positions while alignment maintained
- Risk Management: Exit if alignment breaks
- Confluence: Combine with support/resistance levels
📌 NOTES:
- Works on all markets (Crypto, Forex, Stocks, Indices)
- Repaints minimally (only on MA calculations)
- Low resource usage, efficient code
═══════════════════════════════════════════════════════════
Created by Mustang Spirit Trading Academy
For educational purposes - Always manage your risk!
═══════════════════════════════════════════════════════════
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.