Multi Time Frame - Trade Setup ( MTF-TS )

This is Beta version of the Indicator and works on Multi Time Frame Analysis with Hybrid Moving Averages and RSI

Applicability : Index Trading / Equities and on proper analysis you may use it for Option Trading also.

As part of the Indicator there are 4 Choices that the user can opt for

Show Intraday Trades - This works for Intraday Trades - when the resolution is kept to less than 1 hour ( Say 3 , 5 , 10 , 15 Mins)

Show Short Term Trades - This works well when the resolution is kept to 1 Day - Good for Swing Trades spanning over a few days

Show Long Term Trades - This works well when the resolution is kept to 1 Day or Week - Good for Investments

Show Trend Line - Will show the user the Simple Moving Average 20 based on the resolution selected , The Trend Line Is a repainted based on the hybrid RSI Logic

The Trend Line would show in three colours

Green : The Setup is in Up Trend- Try to take the trade as closer to the band as possible and when it continues to be in green ( and recommended when it would have just crossed from Red/Yellow to Green )
Red : The Setup is in Down Trend - Try to take the trade as closer to the band as possible and when it continues to be in red ( and recommended when it would have just crossed from Green/Yellow to Red )
Yellow : The Setup in sideways Trend

Visual Checks - It is always recommended to enter/exit the trade it it touches crosses over the Trend Line from one side to the other
When closer to the support resistance bands , wait for a confirmation candle to determine if you are getting resistance breakout / support or breakdown

Stop Loss - That should be done by following ones risk appetite , Ideally the open/close of the previous candle should be the stop loss for the buy/sell
but everyone has their own Risk Management Strategies based on the capital deployed.

Disclaimer : There could be scenarios when the breakout/breakdown candle is rejected , especially when it is long one
so it is always recommended to have a confirmation candle that open-closes above the breakout candle / open-closes below the breakdown candle

If you like it and find it useful or if you find a defect or bug , Please let us know in the comments .. that would encouraging !! for us to develop it further

Thank you and have a beautiful trading session !

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Update in Settings :

As part of the Indicator settings there are 4 Choices that the user can opt for

Show Intraday SR - This works for Intraday Trades - when the resolution is kept to less than 1 hour ( Say 3 , 5 , 10 , 15 Mins)
The Support and Resistance Zone are shown at the Intraday levels

Show Short Term SR - This works well when the resolution is kept to 1 Day - Good for Swing Trades spanning over a few days
The Support and Resistance Zone are shown at the Short Term levels

Show Long Term SR - This works well when the resolution is kept to 1 Day or Week - Good for Investments
The Support and Resistance Zone are shown at the Long Term levels

Show Trend Line - Will show the user the Simple Moving Average 20 based on the resolution selected , The Trend Line Is a repainted based on the hybrid RSI Logic

The Trend Line would show in three colours

Green : The Setup is in Up Trend- Try to take the trade as closer to the band as possible and when it continues to be in green ( and recommended when it would have just crossed from Red/Yellow to Green )
Red : The Setup is in Down Trend - Try to take the trade as closer to the band as possible and when it continues to be in red ( and recommended when it would have just crossed from Green/Yellow to Red )
Yellow : The Setup in sideways Trend

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Cosmetic Fixes. Label Updates

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Version Update :

Remove the Invalid Settings on Plot Section

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Updated Fixes On Plots based on feedback

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Updated to the Plot Logic

Addition of the Execution Key

Update the Codebase to V4

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Release Notes : 30th Aug 2020
Updated Plot Settings and Duration
Cosmetic Changes

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Version Update : Updated Settings