A Configurable Framework for Multi-Timeframe Oscillator Signals
Summary
This indicator is a reusable framework for applying a user-defined oscillator calculation across chart, medium, and higher timeframes. Its example signal is directional true range, while the code invites users to substitute their own calculation or supply an alternate input series. Users can select how timeframes are derived, choose moving-average smoothing, weight the timeframe values, and display individual or aggregate lines. Coloring options compare signals with a centerline, recent channel extremes, divergence levels, or other timeframe values; the framework also includes volatility filters, markers, alerts, and divergence displays.
The code exposes repainting choices separately for chart and higher-timeframe calculations, making signal timing an important configuration decision. It also warns when the selected chart resolution is not below the higher resolutions. This is primarily an implementation and visualization template, not a defined trading system: it provides no entry-and-exit rules, backtest, or evidence that the example signal predicts returns. Users need to supply and validate their own oscillator logic and assess how timeframe aggregation and repainting affect results.
Key ideas
- The framework lets users substitute an oscillator calculation and apply it across three timeframes.
- Timeframes can be selected by stepped, multiple, or fixed-resolution rules.
- Signals can be smoothed, weighted, colored, and compared with several reference conditions.
- Repainting settings affect whether chart and higher-timeframe values may change before confirmation.
- The example is a coding framework rather than a tested trading strategy.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.