Skip to content
All library documents

A Multi-Timeframe Trend Score Using SMAs and the Accelerator Oscillator

Article ProRealCode

Summary

This indicator compares trend conditions across 15-minute, 1-hour, and 4-hour charts. On each timeframe, it scores the direction of five simple moving averages with periods 5, 8, 13, 21, and 34. It also calculates the Accelerator Oscillator from median prices and gives its directional signal three times the weight of an individual moving average. Bullish and bearish points are converted to percentages, then combined into a net score ranging from negative to positive 100.

The display plots one line per timeframe, colors lines by direction, and shades periods when all three agree. It labels the setup as buy or sell when all timeframes exceed the specified directional thresholds, with a stronger label at higher thresholds; otherwise it shows a wait state. The document explains the calculation and chart setup but provides no performance testing. These fixed thresholds and directional rules are indicator design choices, not evidence of profitability, and the chart must use a base timeframe below the lowest analyzed timeframe.

Key ideas

  • The indicator scores five moving-average slopes and the Accelerator Oscillator separately on three timeframes.
  • The oscillator receives three times the weight of any single moving average.
  • A net score summarizes bullish versus bearish points for each timeframe.
  • Buy or sell labels require directional agreement across all three timeframes.
  • The description provides no backtest evidence for the thresholds or signals.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.