MTFT Full Time Frame Continuity Table TheStrat Suite(2of5)

13 thg 9, 2022

[u]Multi Time Frame Tools[/u]

Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.

All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.

Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime

Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac

All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.

Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.

Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.

[u]MTFT TheStrat Suite (5 Scripts)[/u]
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.

1. MTFT Patterns Pro/Noob
*2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
4. MTFT Actionable Signal Targets
5. MTFT Reversal Lines

MTFT Full Time Frame Continuity Table, TheStrat Suite (2of5)
Full timeframe continuity observes what direction different timeframes are pointed at, red or green. This gives you a bias when evaluating a trade. Image below shows 3 instances of the script to outline the max capacity of the script.

Features includes:
1. Four user selected TFs, with 20 different TF to pick from per script instance. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), 2-Week(2W), Weekly(W), 3-Day(3D), Daily(D), 12 hour, 8 hour, 6 hour, 4 hour, 3 hour, 2 hour, 1 hour, 30 min, 15 min, 10 min, 5 min. The first row on the table cell will show the text for the selected timeframe.
2. Color text Green/Red timeframe based on candlestick status for the selected timeframe. Entire Table Cell text will be colored in this color. These can be customized to user preference.
3. Absolute Truth for most recently closed candlestick, plus the active candlestick. This will be displayed in the second row of the table cell. The value inside the brackets ‘[]’ is used for the previous closed candlestick. The value outside the brackets is for the active candlestick.
4. Label pattern if it’s “in force” or not. This only applies for the active candlestick absolute truth value. Note, ‘i’ means the absolute truth is in force. ‘x’ means the absolute truth is not in force.
5. Actionable Signal indication at bottom. If there is an inside candlestick, a hammer or a shooter, the script will display [in], [Hm], and [Ss] respectively at the bottom on the third row.
6. Auto-hide Lower Timeframes. When the table cell value is smaller than the selected timeframe this timeframe will be hidden. This is done because their will be errors in calculations.
7. Customizable Table Cell Width for use in the different platforms, desktop/mobile. For desktop I use the setting.
[u]IMPORTANT NOTE for TradingView admin:[/u] One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” along with this indicator showing several other larger timeframes Red/Green depending on the direction of the actionable signal.
The Image below shows what this would look like with this indicator. The selected candlestick is the Week, it shows a confirmed closed Shooting Star Actionable signal and below the table shows that the Current Week(W), Month(M), Quarter(Q), and Year(Y) are all Red. This actionable signal would be played for SHORTS. If the low is breached than you would enter a short. For targets you would look at the previous pivots, for this example all targets were hit. This wont always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.