$29.80

[Tradingview Indicator]12 Multi Time Frame Moving Average on specific timeframe

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[Tradingview Indicator]12 Multi Time Frame Moving Average on specific timeframe

$29.80

Summary

This indicator shows 12 sets of multi time frame moving average(MTF MA) from different timeframes which is weekly, daily, 4 hour and 1 hour to lower timeframes.



Purpose

This indicator has been developed to show higher timeframe’s moving average as they are expected to work as support and resistance.


How is it different from other MTF MA indicators?

Problems with other conventional MTF MA indicators are;

  • If you set higher timeframe MA, it will also be shown on further higher timeframes.
    e.g. If you set 4hour chart MA on 1 hour or lower timeframe charts, it will also appear on daily and weekly chart, which is unnecessary and become noise on your chart.
  • One indicator displays one MTF MA only which impacts the number of indicators that you can set.(depending on your account plan)


To tackle these problems, this indicator has incorporated functions below.

  • Control timeframes where MTF MA is displayed to eliminate unnecessary information.

One indicator contains 12 MTF MA in which 3 MTF MA from weekly chart, 3 MTF MA from daily chart, 3 MTF MA from 4 hour chart and 3 MTF MA from 1 hour chart. Thus, this contributes to save the number of indicators that you can set.

These are the value added on this indicator.


TradingView Script Page is here.


Spec

This indicator shows weekly MTF MA, daily MTF MA, 4 hour MTF MA and 1 hour MTF MA.

To be clear, daily MTF MA means that moving average created based on daily chart, which can be shown on daily chart and lower timeframes.

Each MTF MA will be shown as follows based on timeframes that you select.

1. Weekly MTF MA: Shown on weekly, daily, 4hour, 1 hour, 30M, 15M and 5M chart(Monthly chart does not show MTF MA)

1. Daily MTF MA: Shown on daily, 4hour, 1 hour, 30M, 15M and 5M chart(Weekly and Monthly chart does not show MTF MA)

2. 4hour MTF MA: Shown on 4hour, 1 hour, 30M, 15M and 5M chart(Daily, Weekly and Monthly chart does not show MTF MA)

3. 1hour MTF MA: Shown on 1 hour, 30M, 15M and 5M chart(4hour, Daily, Weekly and Monthly chart does not show MTF MA)

Each MTF MA can be enabled and disabled by ticking checkbox.


Sample chart with the indicator

Sample parameters setting

2 MA from weekly timeframe and 3 MA from daily timeframe set as follows.


Here is how MAs are displayed.


Monthly chart

It does not show anything.


Weekly chart

Only 2 MA from weekly timeframe are shown. MA from daily timeframe are not appeared. This is the difference between this indicator and other conventional MTF MA indicators.


Daily chart

You can see 5 MAs, which are 2 MA from weekly timeframe and 3 MA from daily timeframe.


4hour chart 


15M chart 


Parameters

Please see attached the screenshots.


What you will get

You will get the right to use this indicator. Source code will not be disclosed.


Process to use indicator

This indicator is provided for invited users only.

Please contact me on TradingView via private chat, Gumroad with license key to be issued upon purchase on Gumroad and your TradingView account so that I can authorize your access to the indicator.

Refund is not accepted as this is a digital product.


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