This indicator generates trade entry signals and target levels optimized for 1-hour timeframes, designed for external signal extraction. It calculates 7-period and 16-period EMAs alongside 10-period RSI and ATR filters. Long signals occur when the fast EMA cro
Indicator · Pine Script v6 · Own pane
MTF Trend Signals
A separate-pane indicator adapted from the AK MACD Bollinger Bands idea.
GitHub stars1on the repository
Pine versionv6current
Lines of code660
Settings40inputs
LicenceNone stated
Last update2 months ago23 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
MTF Trend Signals draws MACD-based Bollinger bands whose fill colour follows RSI against its moving average and the 55 and 45 levels. Buy and sell markers come from multi-timeframe alignment, using an auto or manual higher and lower timeframe, and from RSI breakouts, optionally gated by an ADX and DI filter with timeframe-based minimums. Extra options include EMA zones and a trade box on the main chart and a message for stronger signals.
- MACD Bollinger Bands with RSI-coloured fill
- Multi-timeframe alignment signals
- RSI breakout signals
- ADX and DI trend filter
- Auto or manual higher timeframe
Details
Published by
vedkanani123 on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| BB Periods | int | 10 | length |
| Deviations | float | 1.0 | dev |
| MACD Fast Length | int | 12 | fastLength |
| MACD Slow Length | int | 26 | slowLength |
| MACD Signal Length | int | 9 | signalLength |
| ADX / DI Length | int | 14 | adxLength |
| ADX Smoothing | int | 14 | adxSmoothing |
| +DI / -DI Threshold | float | 20.0 | diThreshold |
| Use ADX Filter For Trend Signals | bool | true | useAdxFilter |
| Use Auto Shared ADX Minimum By Timeframe | bool | true | useAutoAdxMinimum |
| Lower Timeframe ADX Minimum | float | 12.0 | lowerTimeframeAdxMinimum |
| Mid Timeframe ADX Minimum | float | 12.0 | midTimeframeAdxMinimum |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Higher Timeframe ADX Minimum | float | 12.0 | higherTimeframeAdxMinimum |
| Manual Shared ADX Minimum | float | 12.0 | manualTrendAdxMinimum |
| RSI Length | int | 14 | rsiLength |
| RSI SMA Length | int | 14 | rsiSmaLength |
| Upper RSI Level | float | 55.0 | rsiUpperLevel |
| Lower RSI Level | float | 45.0 | rsiLowerLevel |
| BB Fill Transparency | int | 68 | fillTransparency |
| RSI Above SMA Fill - Red | color | color.rgb(220, 80, 80) | fillRsiAboveSmaColor |
| RSI Below SMA Fill - Green | color | color.rgb(55, 190, 120) | fillRsiBelowSmaColor |
| RSI > 55 And Above SMA Fill - Dark Green | color | color.rgb(0, 110, 55) | fillStrongBullColor |
| RSI < 45 And Below SMA Fill - Dark Red | color | color.rgb(120, 0, 30) | fillStrongBearColor |
| Show MTF Alignment B/S Signals | bool | true | showMtfSignals |
| Show RSI Breakout B/S Signals | bool | true | showRsiBreakoutSignals |
| MTF Timeframe Mode | string | Auto | mtfMode |
| Auto HTF Sensitivity | string | Balanced | autoHtfSensitivity |
| Use Confirmed Higher Timeframe Only | bool | true | useConfirmedHtf |
| Manual Higher Timeframe | timeframe | 10 | manualHtf |
| Manual Lower Timeframe | timeframe | 3 | manualLtf |
| EMA Filter Mode | string | Off | emaFilterMode |
| Manual EMA Filter | string | 9/21/30 Alignment | manualEmaFilter |
| Suppress Repeated RSI Breakout Signals | string | One Signal Per RSI Candle | rsiBreakoutSuppression |
| RSI Breakout Must Happen Within N Bars | int | 1 | rsiBreakoutWindow |
| RSI Breakout Price Test | string | Close Beyond Level | rsiBreakoutPriceMode |
| Require RSI Candle To Close In Signal Direction | bool | true | rsiBreakoutRequireCandleDirection |
| RSI Breakout EMA Stack Filter | string | 9/21 Direction | rsiBreakoutEmaStack |
| RSI Breakout Fan Mode | string | Fresh Fan Only | rsiBreakoutFanMode |
| Require Selected EMA Stack To Fan Out | bool | false | rsiBreakoutRequireEmaDivergence |
| Require EMA Slope Change In Signal Direction | bool | false | rsiBreakoutRequireSlopeChange |
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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