AllFramesTrend
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This tool is designed to provide traders with a multi-timeframe trend analysis directly on their charts. Its primary purpose is to verify if the market is moving in a consistent direction across several different time intervals simultaneously, helping to filter out "noise" and identify stronger market trends.
How it Works
The script analyzes various timeframes—ranging from 1-minute (M1) up to Daily (D1) charts. For each timeframe you choose to include, the tool looks at a specific moving average (a smoothed average of price). It then compares the current value of that moving average against its previous value to determine the immediate "slope" or direction of the trend for that specific timeframe.
Key Features and Logic
- Multi-Timeframe Alignment: Instead of just looking at your current chart, the script checks multiple timeframes at once (e.g., M1, M5, M15, M30, H1, H4, and D1).
- Trend Filtering: The tool acts as a "gatekeeper." It only validates a trend if all active timeframes agree with each other.
- If the moving averages on all selected timeframes are pointing upward, the tool confirms an Upward Trend.
- If the moving averages on all selected timeframes are pointing downward, the tool confirms a Downward Trend.
- Visual Representation: The results are displayed on your chart using two distinct lines (Blue and Red).
- The Blue line appears when the logic confirms a bullish (upward) alignment across the required timeframes.
- The Red line appears when the logic confirms a bearish (downward) alignment.
- Customizable Parameters: You can toggle which timeframes the script should listen to and adjust the specific settings (like the smoothing period and calculation method) for each individual timeframe to match your personal trading style.
Summary for the Trader
Essentially, this script prevents you from taking a trade that might look good on a 5-minute chart but is actually moving against the larger daily or hourly trend. By requiring "consensus" across multiple timeframes, it helps ensure that you are trading in harmony with the broader market movement.
Indicators Used
Miscellaneous
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AllFramesTrend
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_width1 3
#property indicator_width2 3
//extern int period = 5;
extern int method = 3;
extern int price = 5;
extern int M1 = 0;
extern int M1_per = 5;
extern int M5 = 1;
extern int M5_per = 5;
extern int M15 = 1;
extern int M15_per = 5;
extern int M30 = 1;
extern int M30_per = 5;
extern int H1 = 0;
extern int H1_per = 5;
extern int H4 = 0;
extern int H4_per = 5;
extern int D1 = 0;
extern int D1_per = 5;
double buffer0[];
double buffer1[];
double current;
int ExtCountedBars = 0;
int init()
{
IndicatorShortName("AllFramesTrend");
SetIndexStyle(0, DRAW_LINE);
SetIndexStyle(1, DRAW_LINE);
SetIndexDrawBegin(0, 1);
SetIndexDrawBegin(1, 1);
SetIndexBuffer(0, buffer0);
SetIndexBuffer(1, buffer1);
return(0);
}
int start()
{
ExtCountedBars = IndicatorCounted();
if (ExtCountedBars < 0) return(-1);
if (ExtCountedBars > 0) ExtCountedBars--;
int pos = Bars - 1;
if(ExtCountedBars > 2) pos = Bars - ExtCountedBars - 1;
double M1_cur, M1_prev, M5_cur, M5_prev, M15_cur, M15_prev, M30_cur, M30_prev, H1_cur, H1_prev, H4_cur, H4_prev, D1_cur, D1_prev;
int shift;
while(pos >= 0)
{
if(M1 == 1)
{
shift = iBarShift(NULL, PERIOD_M1, Time[pos])+1;
M1_cur = iMA(NULL, PERIOD_M1, M1_per, 0, method, price, shift);
M1_prev = iMA(NULL, PERIOD_M1, M1_per, 0, method, price, shift+1);
}
if(M5 == 1)
{
shift = iBarShift(NULL, PERIOD_M5, Time[pos])+1;
M5_cur = iMA(NULL, PERIOD_M5, M5_per, 0, method, price, shift);
M5_prev = iMA(NULL, PERIOD_M5, M5_per, 0, method, price, shift+1);
}
if(M15 == 1)
{
shift = iBarShift(NULL, PERIOD_M15, Time[pos])+1;
M15_cur = iMA(NULL, PERIOD_M15, M15_per, 0, method, price, shift);
M15_prev = iMA(NULL, PERIOD_M15, M15_per, 0, method, price, shift+1);
}
if(M30 == 1)
{
shift = iBarShift(NULL, PERIOD_M30, Time[pos])+1;
M30_cur = iMA(NULL, PERIOD_M30, M30_per, 0, method, price, shift);
M30_prev = iMA(NULL, PERIOD_M30, M30_per, 0, method, price, shift+1);
}
if(H1 == 1)
{
shift = iBarShift(NULL, PERIOD_H1, Time[pos])+1;
H1_cur = iMA(NULL, PERIOD_H1, H1_per, 0, method, price, shift);
H1_prev = iMA(NULL, PERIOD_H1, H1_per, 0, method, price, shift+1);
}
if(H4 == 1)
{
shift = iBarShift(NULL, PERIOD_H4, Time[pos])+1;
H4_cur = iMA(NULL, PERIOD_H4, H4_per, 0, method, price, shift);
H4_prev = iMA(NULL, PERIOD_H4, H4_per, 0, method, price, shift+1);
}
if(D1 == 1)
{
shift = iBarShift(NULL, PERIOD_D1, Time[pos])+1;
D1_cur = iMA(NULL, PERIOD_D1, D1_per, 0, method, price, shift);
D1_prev = iMA(NULL, PERIOD_D1, D1_per, 0, method, price, shift+1);
}
shift = iBarShift(NULL, 0, Time[pos]);
if(Period() == 1) current = iMA(NULL, 0, M1_per, 0, method, price, shift);
if(Period() == 5) current = iMA(NULL, 0, M5_per, 0, method, price, shift);
if(Period() == 15) current = iMA(NULL, 0, M15_per, 0, method, price, shift);
if(Period() == 30) current = iMA(NULL, 0, M30_per, 0, method, price, shift);
if(Period() == 60) current = iMA(NULL, 0, H1_per, 0, method, price, shift);
if(Period() == 240) current = iMA(NULL, 0, H4_per, 0, method, price, shift);
if(Period() == 1440) current = iMA(NULL, 0, D1_per, 0, method, price, shift);
//current = iMA(NULL, 0, "M" + Period() + "_per", 0, method, price, shift);
if(((M1_cur > M1_prev) || M1 == 0) && ((M5_cur > M5_prev) || M5 == 0) && ((M15_cur > M15_prev) || M15 == 0) && ((M30_cur > M30_prev) || M30 == 0) && ((H1_cur > H1_prev) || H1 == 0) && ((H4_cur > H4_prev) || H4 == 0) && ((D1_cur > D1_prev) || D1 == 0)) buffer0[pos] = current;
if(((M1_cur < M1_prev) || M1 == 0) && ((M5_cur < M5_prev) || M5 == 0) && ((M15_cur < M15_prev) || M15 == 0) && ((M30_cur < M30_prev) || M30 == 0) && ((H1_cur < H1_prev) || H1 == 0) && ((H4_cur < H4_prev) || H4 == 0) && ((D1_cur < D1_prev) || D1 == 0)) buffer1[pos] = current;
pos--;
}
return(0);
}
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