MTF MA Chaser

30 ene 2024

This is my own Moving Averages analysis tool, if anyone else will find it useful.

How It Works:

Upon adding the indicator to the chart, it calculates the selected Moving Averages for the defined timeframes. The main chart will display these MAs according to the user's chosen timeframe and type (default is the chart timeframe). Simultaneously, a table is generated on the chart, showcasing the percentage difference of the current price from these MAs across various timeframes. This table is color-coded to indicate different market states, such as proximity to MA/price crossovers.

Key Features:

• Multi-Timeframe Analysis: Users can view Moving Average data from different timeframes (5m, 15m, 1H, 4H, 1D, 1W) on their current chart. This allows for quick and efficient analysis without the need to switch between different timeframe charts.
  
  
• Variety of Moving Averages: The indicator supports different types of MAs, including EMA (Exponential Moving Average), SMA (Simple Moving Average), and others, providing flexibility in analysis.
  
  
• Realtime Data Option: Users can choose to display real-time data for MAs, enabling them to make timely trading decisions based on the most current market information.
  
  
• Customizable Display: The indicator features a customizable table that displays the MA values and their differences from the current price in percentages. Users can show or hide this table and adjust its position and text size according to their preference.
  

Limited Timeframe Support: The indicator is designed to work on equal or higher timeframes relative to the current chart's timeframe. It specifically supports 5-minute (5m), 15-minute (15m), 1-hour (1H), 4-hour (4H), 1-day (1D), and 1-week (1W) timeframes. This means if your current chart is set to a 1-hour timeframe, the indicator will only show MA data for 1-hour and longer timeframes (4H, 1D, 1W), but not for shorter ones like 5m or 15m.

Yet, you can go down to a 1 - 4 minute chart for scalping purposes if necessary.

hace 10 horas

Notas de prensa

Indicator now runs on Pine Script v6 and pulls tools from ZenLibrary v10, so the code is future-proofed and compatible with the rest of the repo’s standards. The built-in overview explains exactly how it works, which helps anyone loading the script for the first time understand what they are seeing.

- Table settings expanded – along with the existing show/hide and realtime toggle, you can choose whether the table always displays every timeframe (5m → 1W) or only those equal to or higher than the chart you are on. Table position and text size are still adjustable from the same group.
- Custom proximity thresholds – each timeframe now has its own warning and crossing percentages. You can fine-tune how close price needs to be to each MA before the cell turns into a warning or “crossing” color, instead of relying on hardcoded thresholds.
- Directional colors – colors are now split for approaching from above vs below, and for warning vs crossing. This makes it obvious whether price is testing an MA as support or resistance.
- Cleaner bias icons and formatting** – the bias column uses consistent arrow icons, percent formatting, and the new helper functions make sure realtime vs historical data stays non-repainting.
- Table rendering logic – every cell uses the selected thresholds and directional colors, and the table respects the “show all timeframes” switch, so you only see the rows that matter.

Overall, nothing about the workflow changed: pick up to five MA types/lengths, plot them, and read the table.