Displaying Higher-Timeframe MAMA Trend and Trade Signals
Summary
MAMA_HTF_Signal is a chart indicator that displays the trend state or trading direction produced by a MAMA signal calculated on a selectable timeframe. A right-pointing arrow marks continuation of the current trend; when the trend changes, an arrow indicates the direction of the resulting trade signal. The display uses different colors for uptrends and downtrends and can also issue alerts and audio cues.
Its inputs cover the instrument, calculation timeframe, fast and slow limits, and applied price, alongside settings for signal bar, chart placement, labels, colors, and alert behavior. The description gives a six-hour default timeframe and explains that separate instances on one chart need distinct label names. It describes visualization and configuration, not an entry, exit, or risk-management strategy. No performance data or assessment of signal reliability is provided, and the indicator depends on the underlying MAMA signal implementation.
Key ideas
- The indicator displays MAMA trend direction or a trade-direction change from a chosen timeframe.
- A right arrow represents continuation, while a directional arrow marks a change signal.
- Users can configure the source instrument, timeframe, price input, and MAMA limits.
- Chart appearance and alert behavior have separate settings.
- The document explains indicator operation but provides no evidence of trading performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.