MTF Custom Synthetic Index

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MTF Custom Synthetic Index - Ultimate Index Creation Tool

🎯 What is this indicator?

The MTF Custom Synthetic Index is a powerful, fully customizable indicator that allows you to create your own synthetic index using up to 6 different instruments of your choice. Unlike traditional indices, this tool gives you complete control over instrument selection, weightings, and calculation methodology.

⭐ Key Features
🔧 Complete Customization

Choose ANY instruments: Forex pairs, stocks, commodities, indices, cryptocurrencies, bonds, etc.
Manual weight control: Set exact percentage weights for each instrument (must total 100%).
Flexible instrument direction: Ability to invert enabled instruments that move opposite to your desired index direction (i.e. you can use instruments that are negatively correlated).

📊 Multi-Timeframe Analysis

Simultaneous monitoring: View index strength across up to 3 additional timeframes.
Strength rating system: Automatic classification (Very Strong, Strong, Neutral, Weak, Very Weak).
Normalization options: Z-Score, Min-Max, or Percentage methods for timeframe comparison.
Visual summary table: Real-time strength ratings for all timeframes.

🎨 Professional Visualization

Clean chart display: Smooth index strength line with customizable styling.
Dynamic labelling: Real-time value display with strength ratings.
Color-coded indicators: Visual strength representation with intuitive colour schemes.

💡 Use Cases
🌍 Currency Strength Analysis

USD Index: Combine EURUSD (inverted), USDJPY, AUDUSD (inverted), etc.
EUR Index: Combine EURUSD, EURGBP, EURJPY, etc.
Multi-currency baskets: Track regional currency performance.

📈 Sector/Industry Tracking

Technology sector: Combine AAPL, MSFT, GOOGL with custom weights.
Energy sector: Combine oil, gas, and energy stocks.
Precious metals: Combine gold, silver, platinum with custom allocations.

🏛️ Macro Economic Indices

Interest rate sensitivity: Combine bonds, currency pairs, and rate-sensitive stocks.
Inflation hedges: Combine commodities, TIPS, and inflation-sensitive assets.
Risk appetite: Combine safe havens vs. risk assets.

💰 Portfolio Replication

Custom benchmarks: Create indices that match your specific portfolio allocation.
Strategy testing: Build theoretical indices to test investment strategies.

🔥 Key Benefits
✅ Precision Control

Exact weight specifications with mandatory 100% total.
Choose instruments that matter to your trading strategy.
Advanced ADX/DI calculation methodology with configurable parameters.

✅ Versatile Application

Works with any asset class available on TradingView.
Suitable for scalping, day trading, swing trading, and long-term analysis.
Perfect for both retail and institutional approaches.

✅ Multi-Timeframe Insights

Quickly and easily pot divergences between timeframes.
Confirm trends across multiple time horizons.
Make better-informed trading decisions.

⚙️ Technical Specifications
Calculation Method

Base algorithm: Advanced ADX (Average Directional Index) with Directional Indicators.
Bias calculation: Normalized or raw DI difference with ADX weighting.
Smoothing options: Configurable periods for DI calculation and ADX smoothing.

Validation & Safety

Weight validation: Must total exactly 100% - prevents calculation errors.
Data integrity: Handles missing data and invalid symbols gracefully.
Timeframe validation: Prevents duplicate or invalid timeframe selections.

🚀 Perfect For

Currency traders seeking custom dollar/euro/yen/etc strength indices.
Commodity traders seeking custom precious metal/energy/etc strength indices.
Portfolio managers needing custom benchmark creation.
Macro traders building economic strength indicators.
Systematic traders requiring precise, repeatable index calculations.

📋 Quick Start

Add the indicator to your chart
Configure instruments: Select your desired symbols and weights (must total 100%).
Set timeframes: Choose additional timeframes for multi-timeframe analysis.
Customize display: Adjust colors, labels, and table settings to your preference.
Start trading: Use the index strength readings to guide your trading decisions.

⚠️ Important Notes

Weights must total exactly 100%: The indicator will show an error if weights don't add up correctly.
Data requirements: All selected instruments must have available data for the calculation to work.
Timeframe selection: Multi-timeframe analysis requires different timeframes from your main/selected chart.


Transform your trading with the power of custom index creation. Take control of your analysis and build indices that truly matter to your trading strategy.

4 thg 8

Phát hành các Ghi chú

- Fixed a bug that was causing the index label for the current timeframe to retain historical versions of the label. Now only the current (most up-to-date) label is displayed.

17 thg 8

Phát hành các Ghi chú

Fixed a bug.