ZenTrading MTFA Trend Territory

Betaversion

This is a multiple timeframe analysis script using ichimoku that checks where price (close) is on different timeframes.

Green : Price is in bullish territory
Orange : Price is in consolidation
Red: Price is in bearish territory.

The script looks at 15 min, 1 Hr, 4 HR, D, W, M timeframes. Not all will be relevant (depending on trading timeframe and on asset).
Possible to toggle timeframes on and off (15 min and M timeframes may not be relevant for the asset or timeframe you trade on, switch them off for a cleaner chart)