Multi-Timeframe Trend MA&BB Suite: 6x Moving Averages by Jenn.io

Multi-Timeframe Trend MA & BB Suite: 6x Moving Averages + 5x MTF View by Jenn.io

Indicator Overview

This indicator is a comprehensive, all-in-one trend and volatility tool designed for traders who rely on Moving Averages (MAs) and Bollinger Bands (BBs). It stands out by allowing users to plot up to six fully customized MAs on the current chart, while simultaneously projecting the values of those same MAs from up to five higher timeframes (MTF).

It's the essential tool for top-down analysis and identifying high-probability confluence zones.

Key Features and Customization

1. The Core: 6x MAs and Bollinger Bands: six Independent MAs: Plot up to six separate Moving Averages on your current chart. Each MA is fully customizable in terms of:

Type: Choose from SMA, EMA, SMMA (RMA), WMA, or VWMA.
Source and Length: Set the calculation source (Close, Open, etc.) and the lookback period.
Style: Customize color, thickness, and line style (Solid, Dashed, Dotted).

Integrated Bollinger Bands (BB): Includes standard Bollinger Bands with customization for length, standard deviation, MA type, and the option to enable or disable the band fill color.

2. Advanced: Multi-Timeframe (MTF) Projection

a. 5x MTF Timeframes: The user can enable and fully customize up to five distinct higher timeframes (e.g., Daily, Weekly, Monthly, 4H, 15m).

b. Dynamic MTF Visualization: The indicator fetches the value of the 6 MAs from these higher timeframes and displays them on the current chart using one of three customizable modes:

Extended Mode: Projects the MTF MA value as a continuous line extending to the right, simulating where the MA is moving on the higher chart.
Floating Segment: Draws a short, visible line segment near the current price action, showing the MA value without cluttering the whole chart.
Floating Label: Displays the MA value as a text label anchored to the right of the current bar, providing clean, non-obtrusive data.

Recommended Usage

1. MTF Confluence: Look for instances where the MTF MA lines align closely with the MAs or BBs of your current timeframe. These areas represent strong support/resistance zones.

2. Trend Filter: Use the Extended Mode MTF lines to quickly determine the higher-timeframe trend without changing your chart. For example, if the Daily 200 EMA is above the current price, the bias is bearish.

3. Precision Entries: Use the Floating Label Mode to see the precise MA value from a higher timeframe. This is useful for placing limit orders near key structural levels.