OPEN-SOURCE SCRIPT
Smooth Moving Average (SMA) MTF Trend Panel
Description:
The SMA MTF Trend Panel is a multi-timeframe (MTF) trend visualization tool designed to help traders quickly assess market conditions across multiple timeframes based on the Simple Moving Average (SMA). This script calculates the trend direction (Bullish, Bearish, or Neutral) and the trend strength percentage for each selected timeframe. It displays the information in an intuitive panel that is dynamically updated in real-time.
How It Works:
1. SMA Calculation:
• For each timeframe, the script calculates the SMA based on a user-defined length (default: 50).
2. Trend Identification:
• Compares the current price to the SMA and assigns a label: “Bull,” “Bear,” or “Neutral.”
3. Panel Display:
• Displays trends, strengths, and shifts for each timeframe in an interactive table.
4. Real-Time Updates:
• Continuously monitors price movements and updates the panel to reflect the latest data.
Customizable Inputs:
1. Panel Settings:
• Orientation: Choose vertical or horizontal layout.
• Position: Select panel location on the chart.
• Border Width/Color: Adjust panel borders for better visualization.
2. Trend Colors:
• Define custom colors for bullish, bearish, neutral, and shift conditions.
3. SMA Length:
• Adjust the SMA period to suit your trading style (e.g., short-term scalping or long-term trend following).
4. Timeframes:
• Set specific timeframes to analyze based on your trading strategy.
The SMA MTF Trend Panel is a multi-timeframe (MTF) trend visualization tool designed to help traders quickly assess market conditions across multiple timeframes based on the Simple Moving Average (SMA). This script calculates the trend direction (Bullish, Bearish, or Neutral) and the trend strength percentage for each selected timeframe. It displays the information in an intuitive panel that is dynamically updated in real-time.
How It Works:
1. SMA Calculation:
• For each timeframe, the script calculates the SMA based on a user-defined length (default: 50).
2. Trend Identification:
• Compares the current price to the SMA and assigns a label: “Bull,” “Bear,” or “Neutral.”
3. Panel Display:
• Displays trends, strengths, and shifts for each timeframe in an interactive table.
4. Real-Time Updates:
• Continuously monitors price movements and updates the panel to reflect the latest data.
Customizable Inputs:
1. Panel Settings:
• Orientation: Choose vertical or horizontal layout.
• Position: Select panel location on the chart.
• Border Width/Color: Adjust panel borders for better visualization.
2. Trend Colors:
• Define custom colors for bullish, bearish, neutral, and shift conditions.
3. SMA Length:
• Adjust the SMA period to suit your trading style (e.g., short-term scalping or long-term trend following).
4. Timeframes:
• Set specific timeframes to analyze based on your trading strategy.
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 la 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 o de otro tipo proporcionadas o respaldadas por TradingView. 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 la 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 o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.