OPEN-SOURCE SCRIPT

Multi-Timeframe EMA Trend Dashboard with Volume and RSI Filters

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MULTI-TIMEFRAME EMA TREND DASHBOARD
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OVERVIEW

This indicator provides a comprehensive view of trend direction across multiple timeframes using the classic EMA 20/50 crossover methodology, enhanced with volume confirmation and RSI filtering. It aggregates trend information from six timeframes into a single dashboard for efficient market analysis.

The indicator is designed for educational purposes and to assist traders in identifying potential trend alignments across different time horizons.


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FEATURES
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MULTI-TIMEFRAME ANALYSIS
• Monitors 6 timeframes simultaneously: 1m, 5m, 15m, 1H, 4H, 1D
• Each timeframe analyzed independently using request.security()
• Non-repainting implementation with proper lookahead settings
• Calculates overall trend strength as percentage of bullish timeframes

EMA CROSSOVER SYSTEM
• Fast EMA (default: 20) and Slow EMA (default: 50)
• Bullish: Fast EMA > Slow EMA
• Bearish: Fast EMA < Slow EMA
• Neutral: Fast EMA = Slow EMA (rare condition)
• Visual EMA plots with optional fill area

VOLUME CONFIRMATION
• Optional volume filter for crossover signals
• Compares current volume against moving average (default: 20-period SMA)
• Categorizes volume as: High (>1.5x average), Normal (>average), Low (<average)
• Helps reduce false signals in low-liquidity conditions

RSI INTEGRATION
• Standard RSI calculation (default: 14-period)
• Displays overbought (>70), oversold (<30), and neutral zones
• Used in quality score calculation
• Optional display toggle

SUPPORT & RESISTANCE DETECTION
• Automatic detection using highest/lowest over lookback period (default: 50 bars)
• Plots resistance (red), support (green), and mid-level (gray)
• Step-line style for clear visualization
• Optional display toggle

QUALITY SCORING SYSTEM
• Rates trade setups from 1-5 stars
• Considers: MTF alignment, volume confirmation, RSI positioning
• 5 stars: 4+ timeframes aligned + volume confirmed + RSI 50-70
• 4 stars: 4+ timeframes aligned + volume confirmed
• 3 stars: 3+ timeframes aligned
• 2 stars: Exactly 3 timeframes aligned
• 1 star: Other conditions

VISUAL DASHBOARD
• Clean table display (position customizable)
• Color-coded trend indicators (green/red/yellow)
• Extended statistics panel (toggleable)
• Shows: Trends, Strength, Quality, RSI, Volume, Price Distance


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TECHNICAL SPECIFICATIONS
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CALCULATIONS

Trend Determination per Timeframe:
• request.security() fetches EMA values with gaps=off, lookahead=off
• Compares Fast EMA vs Slow EMA
• Returns: 1 (bullish), -1 (bearish), 0 (neutral)

Trend Strength:
• Counts number of bullish timeframes
• Formula: (bullish_count / 6) × 100
• Range: 0% (all bearish) to 100% (all bullish)

Price Distance from EMA:
• Formula: ((close - EMA) / EMA) × 100
• Positive: Price above EMA
• Negative: Price below EMA
• Warning when absolute distance > 5%

ANTI-REPAINTING MEASURES
• All request.security() calls use lookahead=barmerge.lookahead_off
• Dashboard updates only on barstate.islast
• Historical bars remain unchanged
• Crossover signals finalize on bar close


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USAGE GUIDE
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INTERPRETING THE DASHBOARD

Timeframe Rows:
• Each row shows individual timeframe trend status
• Look for alignment (multiple timeframes same direction)
• Higher timeframes generally more significant

Strength Indicator:
• >66.67%: Strong bullish (4+ timeframes bullish)
• 33.33-66.67%: Mixed/choppy conditions
• <33.33%: Strong bearish (4+ timeframes bearish)

Quality Score:
• Higher stars = better confluence of factors
• 5-star setups have strongest multi-factor confirmation
• Lower scores may indicate weaker or conflicting signals

SUGGESTED APPLICATIONS

Trend Confirmation:
• Check if multiple timeframes confirm current chart trend
• Higher agreement = stronger trend confidence
• Use for position sizing decisions

Entry Timing:
• Wait for EMA crossover on chart timeframe
• Confirm with higher timeframe alignment
• Volume above average preferred
• RSI not in extreme zones

Divergence Detection:
• When lower timeframes diverge from higher
• May indicate trend exhaustion or reversal
• Requires additional confirmation

CUSTOMIZATION

EMA Settings:
• Adjust Fast/Slow lengths for different sensitivities
• Shorter periods = more responsive, more signals
• Longer periods = smoother, fewer signals
• Common alternatives: 10/30, 12/26, 50/200

Volume Filter:
• Enable for higher-quality signals (fewer false positives)
• Disable in always-liquid markets or for more signals
• Adjust MA length based on typical volume patterns

Display Options:
• Toggle EMAs, S/R levels, extended stats as needed
• Choose dashboard position to avoid chart overlap
• Adjust colors for visibility preferences


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ALERTS
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AVAILABLE ALERT CONDITIONS

1. Bullish EMA Cross (Volume Confirmed)
2. Bearish EMA Cross (Volume Confirmed)
3. Strong Bullish Alignment (4+ timeframes)
4. Strong Bearish Alignment (4+ timeframes)
5. Trend Strength Increasing (>16.67% jump)
6. Trend Strength Decreasing (>16.67% drop)
7. Excellent Trade Setup (5-star rating)

Alert messages use standard placeholders:
• {{ticker}} - Symbol name
• {{close}} - Current close price
• {{time}} - Bar timestamp


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LIMITATIONS & CONSIDERATIONS
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KNOWN LIMITATIONS

• Lower timeframe data may not be available on all symbols
• 1-minute data typically limited to recent history
• request.security() subject to TradingView data limits
• Dashboard requires screen space (may overlap on small screens)
• More complex calculations may affect load time on slower devices

NOT SUITABLE FOR

• Highly volatile/illiquid instruments (many false signals)
• News-driven markets during announcements
• Automated trading without additional filters
• Markets where EMA strategies don't perform well

DOES NOT PROVIDE

• Exact entry/exit prices
• Stop-loss or take-profit levels
• Position sizing recommendations
• Guaranteed profit signals
• Market predictions


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BEST PRACTICES
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RECOMMENDED USAGE

✓ Combine with price action analysis
✓ Use appropriate risk management
✓ Backtest on historical data before live use
✓ Adjust settings for specific market characteristics
✓ Wait for higher-quality setups in important trades
✓ Consider overall market context and fundamentals

NOT RECOMMENDED

✗ Using as standalone trading system without confirmation
✗ Trading every signal without discretion
✗ Ignoring risk management principles
✗ Trading without understanding the methodology
✗ Applying to unsuitable markets/timeframes


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EDUCATIONAL BACKGROUND
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EMA CROSSOVER STRATEGY

The Exponential Moving Average crossover is a classical trend-following technique:
• Golden Cross: Fast EMA crosses above Slow EMA (bullish signal)
• Death Cross: Fast EMA crosses below Slow EMA (bearish signal)
• Widely used since the 1970s in various markets
• More responsive than SMA due to exponential weighting

MULTI-TIMEFRAME ANALYSIS

Analyzing multiple timeframes helps traders:
• Identify alignment between short and long-term trends
• Reduce false signals from single-timeframe noise
• Understand market context across different horizons
• Make informed decisions about trade duration

VOLUME ANALYSIS

Volume confirmation adds reliability:
• High volume suggests institutional participation
• Low volume signals may indicate false breakouts
• Volume precedes price in many market theories
• Helps distinguish genuine moves from noise


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TECHNICAL IMPLEMENTATION
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CODE STRUCTURE

• Organized in clear sections with proper commenting
• Uses explicit type declarations (int, float, bool, color, string)
• Constants defined at top (BULLISH=1, BEARISH=-1, etc.)
• Functions documented with Function, param, Returns
• Follows PineCoders naming conventions (camelCase variables)

PERFORMANCE OPTIMIZATION

• var keyword for table (created once, not every bar)
• Calculations cached where possible
• Dashboard updates only on last bar
• Minimal redundant security() calls

SECURITY IMPLEMENTATION

• Proper gaps and lookahead parameters
• No future data leakage
• Signals finalize on bar close
• Historical bars remain static


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VERSION INFORMATION
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Current Version: 2.0
Pine Script Version: 5
Last Updated: 2024

Developed by: Zakaria Safri


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SETTINGS REFERENCE
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EMA SETTINGS
• Fast EMA Length: 1-500 (default: 20)
• Slow EMA Length: 1-500 (default: 50)

VOLUME & MOMENTUM
• Use Volume Confirmation: true/false (default: true)
• Volume MA Length: 1-500 (default: 20)
• Show RSI Levels: true/false (default: true)
• RSI Length: 1-500 (default: 14)

PRICE ACTION FEATURES
• Show Price Distance: true/false (default: true)
• Show Key Levels: true/false (default: true)
• S/R Lookback Period: 10-500 (default: 50)

DISPLAY SETTINGS
• Show EMAs on Chart: true/false (default: true)
• Fast EMA Color: customizable (default: cyan)
• Slow EMA Color: customizable (default: orange)
• EMA Line Width: 1-5 (default: 2)
• Show Fill Between EMAs: true/false (default: true)
• Show Crossover Signals: true/false (default: true)

DASHBOARD SETTINGS
• Position: Top Left/Right, Bottom Left/Right
• Show Extended Statistics: true/false (default: true)

ALERT SETTINGS
• Alert on Multi-TF Alignment: true/false (default: true)
• Alert on Trend Strength Change: true/false (default: true)


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RISK DISCLAIMER
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This indicator is provided for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell any security.

IMPORTANT NOTICES:

• Past performance does not indicate future results
• All trading involves risk of capital loss
• No indicator guarantees profitable trades
• Always conduct independent research and analysis
• Use proper risk management and position sizing
• Consult a qualified financial advisor before trading
• The developer assumes no liability for trading losses

By using this indicator, you acknowledge that you understand these risks and accept full responsibility for your trading decisions.


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SUPPORT & CONTRIBUTIONS
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FEEDBACK WELCOME

• Constructive comments appreciated
• Bug reports help improve the indicator
• Feature suggestions considered for future versions
• Share your experience to help other users

OPEN SOURCE

This code is published as open source for the TradingView community to:
• Learn from the implementation
• Modify for personal use
• Understand multi-timeframe analysis techniques

If you find this indicator useful, please consider:
• Leaving a thoughtful review
• Sharing with other traders who might benefit
• Following for future updates and releases


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ADDITIONAL RESOURCES
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RECOMMENDED READING

• TradingView Pine Script documentation
• PineCoders community resources
• Technical analysis textbooks on moving averages
• Multi-timeframe trading strategy guides
• Risk management principles

RELATED CONCEPTS

• Trend following strategies
• Moving average convergence/divergence
• Multiple timeframe analysis
• Volume-price relationships
• Momentum indicators


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Thank you for using this indicator. Trade responsibly and continue learning!

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