Strategy · Pine Script v5 · On the chart

MTF trend alignment

by broomva

This strategy plots the same-length exponential moving average on the chart and on two higher timeframes.

View on GitHub

GitHub stars5on the repository
Pine versionv5runs as is
Lines of code69
Settings6inputs
LicenceMIT
Last updatetoday28 Oct 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

69 lines of Pine Script v5 from skills/finance/investment-management/services/tradingview-bridge/strategies/pine/05-multi-timeframe-trend.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

05-multi-timeframe-trend.pine
//@version=5
// Multi-timeframe EMA alignment — fires only when 3 timeframes agree.
// Long: current TF EMA > higher TF EMA > even higher TF EMA (uptrend confluence).
// Short: inverse alignment.
// Lower trade frequency, higher win rate. Default tuned for crypto on 1h
// chart with 4h + 1D confluence.
//
// Schema target: TVAlert (services/tradingview-bridge/src/tradingview_bridge/schemas.py)

strategy(
     title="bridge/05 - MTF trend alignment",
     shorttitle="05-MTF",
     overlay=true,
     default_qty_type=strategy.percent_of_equity,
     default_qty_value=15,
     initial_capital=10000,
     commission_type=strategy.commission.percent,
     commission_value=0.10)

// === Inputs ===
ema_length = input.int(50, "EMA length",        minval=2)
htf_1      = input.timeframe("240", "Higher TF 1", tooltip="Default 240 = 4h")
htf_2      = input.timeframe("D",   "Higher TF 2", tooltip="Default D = daily")

ASSET_CLASS   = input.string("crypto", "Asset class",
     options=["stock", "etf", "bond", "fx", "crypto", "prediction"])
STRATEGY_NAME = input.string("mtf-trend-alignment", "Strategy name (for journal)")
SECRET        = input.string("REPLACE_WITH_YOUR_TVBRIDGE_TV_WEBHOOK_SECRET", "Webhook shared secret")

// === EMAs across 3 timeframes ===
ema_ltf = ta.ema(close, ema_length)
ema_h1  = request.security(syminfo.tickerid, htf_1, ta.ema(close, ema_length), lookahead=barmerge.lookahead_off)
ema_h2  = request.security(syminfo.tickerid, htf_2, ta.ema(close, ema_length), lookahead=barmerge.lookahead_off)

plot(ema_ltf, "EMA (chart)", color=color.new(color.blue,   0))
plot(ema_h1,  "EMA (HTF1)",  color=color.new(color.orange, 30))
plot(ema_h2,  "EMA (HTF2)",  color=color.new(color.red,    50))

// === Alignment ===
bullish_align = ema_ltf > ema_h1 and ema_h1 > ema_h2 and close > ema_ltf
bearish_align = ema_ltf < ema_h1 and ema_h1 < ema_h2 and close < ema_ltf

bgcolor(bullish_align ? color.new(color.green, 92) : bearish_align ? color.new(color.red, 92) : na)

// Trigger on transition into aligned state (avoids re-firing each bar)
long_signal  = bullish_align and not bullish_align[1]
short_signal = bearish_align and not bearish_align[1]

// === Alert message ===
build_alert(action) =>
    '{' +
      '"alert_id":"' + STRATEGY_NAME + '-' + str.tostring(time, "yyyyMMdd-HHmm") + '-' + action + '",' +
      '"secret":"'        + SECRET        + '",' +
      '"strategy_name":"' + STRATEGY_NAME + '",' +
      '"asset_class":"'   + ASSET_CLASS   + '",' +
      '"symbol":"{{ticker}}",' +
      '"action":"'        + action        + '",' +
      '"size":"{{strategy.position_size}}",' +
      '"size_type":"units",' +
      '"price_hint":"{{close}}",' +
      '"order_type":"market",' +
      '"time":"{{time}}",' +
      '"metadata":{"htf1":"' + htf_1 + '","htf2":"' + htf_2 + '"}' +
    '}'

if long_signal
    strategy.entry("L", strategy.long,  alert_message=build_alert("buy"))
if short_signal
    strategy.entry("S", strategy.short, alert_message=build_alert("sell"))

Overview

MTF trend alignment enters long when the chart average is above the first higher-timeframe average, that average is above the second, and price is above the chart average. It enters short on the inverse alignment, only when the state newly begins. Defaults use a 50-period length, a four-hour and a daily timeframe, and fifteen percent of equity. There is no stop loss, take profit, or exit rule. Alerts send a JSON webhook message. It draws the averages and a faint background on the price chart.

Details

Published by

broomva on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Category

Trend, Moving averages

Markets

Crypto

Timeframes

M15-H1, H4 and above

Risk Notes

  • The strategy enters trades without a stop loss

Topics

agent-skillsai-agentsclaude-codemcpremotionskillsskills-shbstack-researchagentskillsanthropic

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
EMA lengthint50ema_length
Higher TF 1timeframe240htf_1
Higher TF 2timeframeDhtf_2
Asset classstringcryptoASSET_CLASS
Strategy name (for journal)stringmtf-trend-alignmentSTRATEGY_NAME
Webhook shared secretstringREPLACE_WITH_YOUR_TVBRIDGE_TV_WEBHOOK_SECRETSECRET
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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