MA Trend Dashboard - Features The MA Trend Dashboard is a versatile and user-friendly indicator designed to provide a comprehensive overview of market trends across multiple timeframes using moving averages (MAs). Here's what this script offers:
1. Dashboard Display A compact and visually appealing dashboard is overlaid on the chart. The dashboard displays the trend direction and deviation percentages for 30-minute, 1-hour, and 4-hour timeframes. Users can position the dashboard in different locations (Top Right, Middle Right, or Bottom Right) and customize the text size (Tiny, Small, Normal).
2. Multi-Timeframe Trend Analysis The script uses the concept of Multi-Timeframe (MTF) analysis to assess trends across: 30-minute (30m) 1-hour (1h) 4-hour (4h) Each timeframe's trend is evaluated using the selected moving average method.
3. Customizable Moving Average Methods Users can choose from various moving average calculation methods: SMA (Simple Moving Average) EMA (Exponential Moving Average) SMMA (Smoothed Moving Average or RMA) WMA (Weighted Moving Average) VWMA (Volume-Weighted Moving Average) This flexibility allows for tailored trend analysis based on the user's preferred methodology.
4. Visual Trend Indicators Clear visual cues indicate the trend direction for each timeframe: ↑ (Up): Bullish trend. ↓ (Down): Bearish trend. ↘ (Weak Up): Mild bullishness. ↗ (Weak Down): Mild bearishness. The background color of each cell dynamically changes based on the trend: Green: Uptrend. Red: Downtrend.
5. Deviation Percentage The dashboard includes the percentage difference between the current price and the moving average for each timeframe. Positive percentages are highlighted in green, and negative percentages in red.
6. Customization Options Text Color: Allows users to adjust the color of the text displayed in the dashboard. MA Length: Users can set the period for the moving averages (default is 50).
7. Dynamic Requests Utilizes TradingView's dynamic_requests feature to ensure accurate real-time data across different timeframes without cluttering the chart.
Usage This indicator is ideal for traders who want a quick and reliable snapshot of market trends across multiple timeframes. It is particularly suited for intraday and swing trading strategies, offering insights into price momentum and potential reversals.
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