A multi-timeframe trend indicator using SMEMA that calculates market direction and strength across six timeframes, providing comprehensive trend analysis with adaptable weighting profiles.
Explore complementary indicator rolesHow it works
The indicator calculates trend strength by using a unique SMEMA (Simple Moving Average of an Exponential Moving Average) across six different timeframes: 1H, 4H, 1D, 3D, 1W, and 1M. For each timeframe, it generates a score between -10 and +10 by measuring the price's distance from the SMEMA, counting price deviations, and analyzing the SMEMA's slope.
These individual timeframe scores are then combined into a Global Score using weighted averages, with three different weighting profiles available: Long Term, Swing Trading, and Short Term. This approach allows traders to customize the indicator's sensitivity based on their specific trading style and time horizon.
Why it may be useful
The multi-timeframe approach provides traders with a comprehensive view of market trends, reducing the risk of making decisions based on limited perspective. By aggregating signals across different timeframes, the indicator offers a more robust and nuanced understanding of market direction, helping traders identify consistent trends and filter out noise.
The flexible weighting system allows traders to adapt the indicator to their specific trading strategy, whether they are focused on long-term investments, swing trading, or short-term movements. This adaptability makes the indicator a versatile tool for traders seeking objective, trend-based decision-making support.
When to explore it
This indicator is most effective in markets with clear trending characteristics, where price movements show consistent directional momentum across multiple timeframes. It is particularly useful for traders looking to validate trends and assess their strength before entering or exiting positions.
The indicator works best when combined with other technical analysis tools and fundamental research, providing a comprehensive approach to market analysis. Traders should pay special attention to moments when the global trend score shows significant alignment or divergence across different timeframes, as these can signal potential trading opportunities.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
