MTF Trend Heatmap (EMA + MACD) by PierreK

MTF Trend Heatmap (EMA + MACD) by PierreK

This indicator offers a compact and clear heatmap that visualizes the current trend status of an instrument across multiple key timeframes. Based on the combination of the EMA 50 and EMA 200, as well as the MACD indicator, the heatmap shows whether the trend is bullish (green dot) or bearish (red dot) on the 1-minute, 5-minute, 15-minute, 1-hour, 4-hour, and 1-day timeframes.
Highlights:

• Multi-timeframe analysis at a glance - perfect for traders who want to keep an eye on multiple timeframes.
• Clearly defined trend logic: EMA 50 > EMA 200 and MACD above signal and zero line.
‣ Simple color scheme for quick trend decisions.
Optimized for all markets and assets (forex, stocks, cryptocurrencies, etc.).
• Chart overload - heatmap as a separate, clearly positioned table.
Ideal for day traders, swing traders, and anyone who needs quick trend overviews for their trading.

FAQ
Q. Which markets is the indicator suitable for?
A: The indicator works universally on forex, stocks, cryptocurrencies, and other TradingView symbols.

Q: Can I add additional timeframes?
A: Currently, 1m, 5m, 15m, 1h, 4h, and 1d are preset. Adjustments are possible in the code if you are familiar with Pine Script.

Q: How accurate is the trend determination?
A: The trend is determined very reliably using the combination of the EMA 50/200 and MACD (via the signal line and the zero line).

Q: Can I use alerts with this indicator?
A: Alerts are not included in the standard script, but can be added individually.