OPEN-SOURCE SCRIPT

(Mustang Algo) Trend 5/15/30/1H + EMA Lines + Aligned Signal

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MUSTANG ALGO - MULTI-TIMEFRAME TREND ALIGNMENT
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📊 OVERVIEW:
This indicator analyzes trend alignment across four key timeframes (5m, 15m, 30m, 1H) using customizable moving averages. It helps traders identify high-probability setups when multiple timeframes confirm the same trend direction.

🎯 KEY FEATURES:

✓ Multi-Timeframe Analysis (5m/15m/30m/1H)
- Monitors trend direction on 4 different timeframes simultaneously
- Visual table showing real-time trend status for each period
- Optional price display for each timeframe

✓ Flexible Moving Average System
- Choose from 5 MA types: EMA, SMA, SMMA (RMA), WMA, VWMA
- Customizable Fast MA (default: 20) and Slow MA (default: 50)
- Visual cloud between moving averages (green=bullish, red=bearish)

✓ Alignment Signals
- "4x UP" triangle: All 4 timeframes bullish (strong uptrend)
- "4x DOWN" triangle: All 4 timeframes bearish (strong downtrend)
- Signals appear only when ALL timeframes agree

✓ Visual Enhancements
- MA cloud with transparency for better chart readability
- Optional candle coloring based on local trend
- Clean, customizable dashboard display

✓ Alert System
- Built-in alerts for bullish alignment (4 TF aligned up)
- Built-in alerts for bearish alignment (4 TF aligned down)
- Perfect for automated trading setups

📈 HOW TO USE:

1. **Trend Confirmation**: Wait for alignment signals (triangles) before entering trades
2. **Dashboard Monitoring**: Check the top-right table to see individual TF trends
3. **MA Cloud**: Use the cloud as dynamic support/resistance
4. **Entry Timing**: Enter on local timeframe when higher TFs are aligned

⚙️ CUSTOMIZABLE PARAMETERS:

- Fast MA Length (default: 20)
- Slow MA Length (default: 50)
- MA Type (EMA/SMA/SMMA/WMA/VWMA)
- Toggle dashboard display
- Toggle price display in dashboard
- Toggle MA cloud
- Toggle candle coloring

⚠️ BEST PRACTICES:

- Use on 5m or 15m charts for optimal multi-TF analysis
- Combine with price action and volume for best results
- Alignment signals are rare but highly significant
- Not a standalone system - use as confluence tool

💡 STRATEGY IDEAS:

- Scalping: Enter on local TF when all TFs aligned
- Swing Trading: Hold positions while alignment maintained
- Risk Management: Exit if alignment breaks
- Confluence: Combine with support/resistance levels

📌 NOTES:
- Works on all markets (Crypto, Forex, Stocks, Indices)
- Repaints minimally (only on MA calculations)
- Low resource usage, efficient code

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Created by Mustang Spirit Trading Academy
For educational purposes - Always manage your risk!
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