MTF Stat

23. Juni

MTF Stat - Multi-Timeframe Statistical Levels Indicator

Overview
MTF Stat is a powerful multi-timeframe analysis tool that automatically calculates and displays statistical price levels based on historical session ranges (HSR). This indicator helps traders identify key manipulation, distribution, and expansion levels across multiple timeframes simultaneously.
Key Features
📊 Multi-Timeframe Analysis

6 Standard Timeframes: M30, H1, H4, H8, Daily, and Weekly
4 Custom Sessions: Define your own trading sessions with specific time ranges
View multiple timeframe levels on a single chart for confluence analysis

📈 Statistical Level Types

Manipulation Levels (±25%): Key areas where price often tests before reversing
Exaggeration Levels (±50%): Extended move targets during trending conditions
Distribution Levels (±75%): Common profit-taking and reversal zones
Extended Distribution (±100%): Extreme move targets based on full HSR

⚡ Dynamic ATR Mode

Switch between Historical Session Range (HSR) and Average True Range (ATR) calculations
ATR mode adapts to current volatility during expansion phases
Ideal for identifying targets when price is trending strongly
Each timeframe can be individually configured for HSR or ATR mode

🎨 Customization Options

Visual Settings: Adjustable line styles, widths, and colors for each timeframe
Label Display: Show/hide labels with customizable positioning and sizing
Historical Lines: Option to display previous session levels for backtesting
Time Zone Selection: Match your chart's timezone for accurate session calculations

How It Works
The indicator calculates the average range of previous sessions (default: 14 sessions) for each selected timeframe. It then projects statistical levels above and below the session open price based on percentages of this historical range.
HSR Mode: Uses the average of previous session ranges to create consistent, reliable levels based on historical price behavior.
ATR Mode: Dynamically adjusts levels based on current volatility, making it ideal for expansion phases and trending markets.
Use Cases

Support/Resistance Identification: Statistical levels often act as key S/R zones
Target Setting: Use distribution levels for profit targets during trends
Risk Management: Manipulation levels help identify potential stop areas
Multi-Timeframe Confluence: Identify areas where multiple timeframe levels align
Session Analysis: Custom sessions allow tracking of specific market hours (London, NY, Asia, etc.)

Best Practices

Use HSR mode during consolidation or ranging markets for stable levels
Switch to ATR mode during strong trends or expansion phases
Look for confluence between multiple timeframe levels
Combine with your existing strategy for enhanced decision-making
Adjust the HSR lookback period based on market conditions (default: 14)

Settings Guide
Timeframe Selection: Enable/disable individual timeframes based on your trading style
Custom Sessions: Set up to 4 custom trading sessions with specific time ranges and labels
ATR Settings: Toggle ATR mode for each timeframe when trading expansion moves
Level Display: Choose which statistical levels to display (25%, 50%, 75%, 100%)
Visual Settings: Customize appearance to match your chart setup

Note: This indicator is for educational and informational purposes only. Always combine with proper risk management and your own analysis.

17. Juli

Versionshinweise

New Features Added:
📏 Custom Line Extension Toggle

Added option to limit how far lines extend into the future
Instead of extending across the entire session/timeframe, lines can now extend a custom number of bars from the current candle
Default: 5 bars (adjustable from 1-500)
Makes it easier to see relevant levels on larger timeframe charts

🛑 Stop at Session End Toggle

When using custom extension, lines can now stop extending once their session ends
Prevents historical session lines from continuing to update after the session is complete
Particularly useful for custom sessions (IB, RTH, etc.)
Default: Enabled