MTRA Pro+

Momentum - Trend - Range - ATR Dashboard!

MTRA Pro+ is a comprehensive multi-timeframe analysis tool designed to provide traders with critical market structure information across six different timeframes. This indicator consolidates momentum direction, trend analysis, range relationships, and volatility metrics into a single, customizable dashboard.

Core Features:

Multi-Timeframe Dashboard

Simultaneous analysis across Daily, 24H, Weekly, Monthly, Quarterly, and Yearly timeframes
Customizable display options to focus on relevant timeframes for your trading style
Professional dashboard with adjustable positioning, colors, and sizing

Momentum & Trend Analysis

Real-time momentum direction based on 5-period SMA slope analysis
Short-term trend direction using 10-period SMA slope analysis
Configurable sensitivity settings to filter out market noise
Color-coded visual representation for quick interpretation

Range Relationship Analysis

Current bar analysis relative to previous period (Inside, Outside, 2Up, 2Dn)
Three-period historical view showing recent price action patterns
Immediate identification of breakout and consolidation scenarios
Context for potential continuation or reversal setups

ATR-Based Volatility Analysis

Real-time ATR percentage calculations showing current range relative to average
Visual distinction between normal (<100% ATR) and extended (>100% ATR) conditions
Identification of potential exhaustion zones when price extends beyond typical volatility
Context for position sizing and risk management decisions

Daily ATR Level Visualization

Dynamic support and resistance levels based on current daily ATR
Real-time upper and lower boundaries for intraday trading
Customizable line styles and positioning options
Price scale integration for easy reference

Comprehensive Alert System

Momentum direction changes across all timeframes
Trend direction changes for longer-term position management
Range relationship status changes for breakout/breakdown alerts
ATR percentage threshold crossings for volatility-based signals

Practical Applications:

Market Context Assessment Quickly assess whether the market is trending, consolidating, or experiencing unusual volatility across multiple timeframes. This context helps inform position sizing, entry timing, and exit strategies.

Exhaustion Detection When ATR percentages exceed 100%, price may be overextended relative to typical volatility, potentially signaling pullback opportunities or areas to reduce position size.

Confluence Analysis Identify high-probability setups when multiple timeframes align in momentum and trend direction, or spot potential reversal zones when shorter timeframes diverge from longer-term trends.

Risk Management Enhancement Use ATR-based levels for dynamic stop placement and the dashboard's range analysis to understand current market structure before entering positions.

Breakout Confirmation Range relationship analysis helps distinguish between false breakouts and genuine momentum shifts by providing context about recent price action patterns.

Configuration Options:

Visual Customization

Full dashboard positioning control (9 positions available)
Customizable colors for all elements
Adjustable text size and border styling
Toggle individual timeframes on/off

Technical Parameters

Adjustable ATR periods for each timeframe
Configurable momentum sensitivity thresholds
ATR level display options with margin controls
Multiple line style choices for level visualization

Who Benefits from MTRA Pro+:

Swing Traders: Multi-timeframe trend and momentum alignment for position entries
Day Traders: Real-time ATR levels and range analysis for intraday decision-making
Position Traders: Longer timeframe context for strategic position management
Risk Managers: Volatility-based metrics for dynamic position sizing

Important Notes:

This indicator provides market structure analysis and context - it does not generate specific buy/sell signals. Success depends on combining this information with your trading methodology, proper risk management, and market experience. The tool is designed to enhance decision-making by providing objective market structure data across multiple timeframes.

MTRA Pro+ transforms complex multi-timeframe analysis into an accessible, visual format that helps traders stay informed about market conditions without the need to manually switch between charts and timeframes.