Octoalgo Multi-Timeframe Screener 1.1
This TradingView script, titled "Octoalgo Screener 1.1," is a versatile indicator designed to analyze multiple financial instruments, including currency pairs, stocks, commodities, and cryptocurrencies, across different time frames. Here are its main features and functionalities:
Ticker Configuration: The script allows users to select four financial instruments through symbol inputs, making it suitable for various markets.
Time Frame Selection: It offers five different time frames by default for analysis (1 minute, 5 minutes, 15 minutes, 120 minutes, and 240 minutes), enabling traders to assess trends over various time horizons. Users can change these time frames as needed.
Moving Averages: Users can choose from different types of moving averages (SMA, EMA, SMMA, WMA, VWMA) and define the length of the slow moving average (default is 200), allowing for customization based on trading strategies.
Ticker Data Calculation: For each selected instrument and time frame, the script retrieves the closing price and calculates the corresponding moving averages, providing a comprehensive view of price action.
In summary, this script serves as a powerful screener tool that helps traders analyze various financial instruments across multiple time frames using moving averages, facilitating informed decision-making regarding market trends in any trading environment.
Instructions :
Trend Analysis Table: The script generates a table in the top right corner of the screen displaying the trend direction for each selected instrument across all time frames. The table cells change color (green for uptrend, red for downtrend, and a neutral color for sideways movement) and can show icons (📈, 📉, 🔄) to indicate the observed trend.