3MA Volume MTF Pro+

📊 3MA Volume MTF Pro+ Indicator Documentation

🔬 Experimental Nature of the Indicator

The 3MA Volume MTF Pro+ is currently in an experimental/testing phase, designed to explore unconventional approaches to volume analysis. While it incorporates proven concepts like moving averages and volume profiling, its unique combination of multi-timeframe volume MAs, day-of-week levels, and trend-strength filters is still being refined.

🧪 Key Experimental Aspects:

1. Novel Volume-Based Signals

• Unlike traditional price-based MAs, this indicator applies MA crossovers directly to volume data, which may produce unconventional but insightful momentum signals.
  
• Hypothesis: Volume MA crossovers could precede price breakouts/reversals.
  

2. Day-of-Week Volume Anomalies

• The "levels" system tests whether historical volume patterns (e.g., high Fridays, low Mondays) repeat predictably.
  
• Caution: Market regimes change—backtest before relying on these patterns.
  

3. Trend Strength via Volume Deviation

• The "strong/weak" trend filter uses volume vs. its moving average, not price. This is experimental but may help filter false breakouts.
  

⚠️ Disclaimer for Users:

• Not a standalone strategy. Use alongside price action, support/resistance, or other confirmations.
  
• Repainting risk: MAs recalculate on new bars—avoid very short timeframes (e.g., 1-minute charts).
  
• Forward-test alerts in a demo account before live trading.
  

🌟 Overview

The 3MA Volume MTF Pro+ is a powerful volume-based indicator designed to analyze trends, detect volume anomalies, and identify recurring patterns across different timeframes. It combines three customizable moving averages (MAs) applied to volume data with day-of-week volume levels, trend strength visualization, and smart alerts.

🛠 Key Features & How It Works

📈 1. Multi-Timeframe Volume MAs

🔹 Three independent MAs (MA1, MA2, MA3) can be applied to volume data, each with:

• 8 MA types: EMA, SMA, RMA, WMA, SMMA, HMA, JMA, TMA.
  
• Adjustable lengths (e.g., 20, 50, 100).
  
• Multi-timeframe support (e.g., MA1 on 1H, MA2 on 4H).
  

🔹 Purpose: Identify volume trends (rising/falling) and crossovers for momentum signals.

📅 2. Day-of-Week Volume Levels

🔹 Calculates historical average volume for each day (Monday–Sunday) over a user-defined period (default: 2 weeks).

🔹 How to use:

• Compare current volume to the day’s average level (dashed lines).
  
• Spikes above/below suggest unusual activity (e.g., high Friday volume = potential breakout).
  

🎨 3. Trend Strength Filter

• Strong Trend (Green): Volume ≥ 120% of its moving average.
  
• Weak Trend (Red): Volume ≤ 80% of its moving average.
  
• Purpose: Visually confirm trend strength alongside MA crossovers.
  

🔔 4. Alerts

• MA Cross Alerts: Notify when MAs intersect (e.g., "MA1 crosses MA2").
  
• Day-Level Alerts: Trigger when volume breaches the current day’s average level.
  

🚀 Practical Applications

✅ Trend Confirmation

• Bullish Signal: MA1 > MA2 + Strong Volume (Green background).
  
• Bearish Signal: MA3 > MA1 + Weak Volume (Red background).
  

✅ Intraday/Weekly Patterns

• Example: If volume consistently peaks on Wednesdays, use levels as reversal/breakout points.
  

✅ Multi-Timeframe Analysis

• Alignment Check: If hourly MA1 rises while daily MA2 flattens, short-term momentum may fade.
  

⚖️ Pros & Cons

✅ Advantages

• Customizable: Tailor MAs to your strategy (e.g., JMA for responsiveness, TMA for smoothness).
  
• Visual Clarity: Color-coded trends and dashed day-levels.
  
• Actionable Alerts: Real-time notifications for crossovers/level breaks.
  

❌ Limitations

• Lagging: Volume-based indicators react slower than price.
  
• Overcrowding: Too many MAs/levels may clutter the chart (disable unused ones).
  

📜 Setup Guide

⚙️ Step 1: Configure MAs

• MA1/2/3 Settings: Enable each MA, select type (e.g., TMA), length (e.g., 20), and timeframe (blank = current).
  
• Example: MA1 = TMA-20 (1H), MA2 = JMA-50 (4H), MA3 = HMA-100 (1D).
  

📅 Step 2: Day-Level Settings

• Show Levels: Toggle visibility.
  
• Weeks to Display: Adjust historical lookback (e.g., 2 weeks).
  

🔔 Step 3: Alerts & Trend Filter

• Alerts: Enable MA crosses/day-level breaches.
  
• Trend Filter: Toggle background colors for strength/weakness.
  

🎨 Visual Examples

🌈 Color Legend

• 🔵 MA1 (Blue): Short-term volume trend.
  
• 🔴 MA2 (Red): Medium-term trend.
  
• 🟢 MA3 (Green): Long-term trend.
  
• Dashed Lines: Day-of-week levels (e.g., purple = Monday, orange = Thursday).
  

📉 Sample Scenario

1. MA1 crosses MA2 upward + Green background = Strong uptrend confirmation.
   
2. Volume exceeds Friday’s level = Potential breakout alert.
   

💡 Pro Tips

• Combine with Price Action: Use levels alongside support/resistance.
  
• Adjust Timeframes: Match MAs to your trading style (scalping = 5M, swings = 1H).
  
• Test Alerts: Ensure triggers align with your strategy.
  

❤️ Support This Project

If you find this indicator helpful and want to support future developments, donations are appreciated at:

USDT (TRC20): THFFLEZSpTqapYF6oj9rmuTCQVUXvuz7VS

Your generosity helps maintain and improve free indicators for the trading community!