Simple Moving Averages MTF

Simple Moving Averages MTF

This indicator plots Simple Moving Averages (SMAs) from multiple timeframes—intraday, daily, weekly, and monthly—right on your chart. It’s built for traders who want a clear, adaptable way to spot trends, whether trading short-term or holding long-term positions.

Key Features:
- Multi-Timeframe SMAs: View intraday, daily, weekly, and monthly SMAs in one place.
- Fully Customizable: Set lengths and colors for each SMA.
- Toggle On/Off: Show or hide SMAs to keep your chart clean.
- Quick Setup: Adjust settings inline with ease.

How to Use:

1. Add the indicator to your chart.
   
2. Open settings and pick a timeframe group (e.g., "Intraday Timeframes").
   
3. Enable/disable SMAs, tweak lengths and colors.
   
4. Hit "OK" to see it in action.
   

Interpretation:
- Support/Resistance: SMAs serve as dynamic levels for price reactions.
- Trend Signals: Rising SMAs indicate bullish momentum; falling SMAs suggest bearish.
- Crossovers: Short SMA crossing above a long SMA may signal a buy; below, a sell.
- Divergence: Price diverging from SMAs can hint at reversals.

Why Use It?
"Simple Moving Averages MTF" is a versatile, no-fuss tool for trend analysis. Use it solo or pair it with other indicators to match your trading style. Get multi-timeframe insights, simplified.