MTF Trend Matrix: Your Watchlist Trend Overview

Related: Exponential Trend Channel Indicator for MT5 - another powerful indicator for MetaTrader 5 traders.

MTF Trend Matrix displays the trend status of your entire watchlist in a compact table, allowing for immediate identification of trending and ranging symbols across different timeframes.

Also recommended: Trend Regime Indicator: Identify Market Trends on Every Bar - similar indicator with strong performance on MetaTrader 5.

Each row represents a trading symbol, and each column represents a timeframe. Every cell indicates the trend direction and the current ADX value, with color intensity signifying trend strength.

By default, it monitors XAUUSD, EURUSD, GBPUSD, USDJPY, and AUDUSD across M5, M15, H1, H4, and D1 timeframes. You can easily add other instruments like oil (e.g., UKOIL, USOIL, XBRUSD, or XTIUSD) or any other desired symbol.



Cell Determination Logic

Direction: The trend is determined by the position of the fast EMA (20) relative to the slow EMA (50). If the fast EMA is above the slow EMA, the direction is considered Up; if below, it is Down.

Trend Strength:
Strong (bright color): The closing price is on the same side of the fast EMA as the prevailing trend.
Weak (dim color): The EMAs indicate a trend, but the price has pulled back across the fast EMA.
Ranging (grey, "Rng"): The ADX value is below the specified threshold (default 20), indicating that the EMA direction is not considered reliable.

"..." indicates that data for that symbol and timeframe is still loading.

The Bias column provides a count of how many timeframes are in agreement, ranging from +N (all timeframes indicate an uptrend) to -N (all timeframes indicate a downtrend). This column turns green or red when all or all but one timeframe are in agreement.



Key Features

Customizable Symbols and Timeframes: Configure any list of symbols (up to 12) and timeframes (up to 9) using comma-separated input.

Current Chart Symbol: The symbol of the current chart is always recognized as "CURRENT" and is highlighted in gold.

Broker Suffix Handling: The indicator automatically accommodates broker-specific suffixes. For example, if your chart symbol is EURUSD.m, the indicator will also attempt to find data for XAUUSD.m.

Chart Switching: Click on a symbol name in the table to instantly switch the main chart to that symbol.

Stable Display: By default, the indicator uses the last closed bar's data, preventing flickering on the current, forming candle.

User Interface: The panel can be positioned in any corner of the chart. Customizable settings include colors, font size, and refresh rate.

Performance: Indicator handles are generated only once at startup, ensuring the indicator remains lightweight even when monitoring numerous cells.

Non-Trading Aid: The indicator solely reads price data and displays information on a panel. It does not open, modify, or close trades, serving strictly as a visual aid and not a signal service.



Input Parameters

Symbols: Comma-separated list of symbols to monitor (default: CURRENT,XAUUSD,EURUSD,GBPUSD,USDJPY,AUDUSD). Missing symbols will be skipped.

Timeframes: Comma-separated list of timeframes (default: M5,M15,H1,H4,D1). Supported timeframes include M1, M5, M15, M30, H1, H4, D1, W1, MN1.

Fast EMA Period: Period for the faster Exponential Moving Average (default: 20).

Slow EMA Period: Period for the slower Exponential Moving Average (default: 50). Must be greater than the Fast EMA Period.

ADX Period: Period for the Average Directional Index calculation (default: 14).

ADX Ranging Threshold: The ADX value below which the trend is considered ranging (default: 20).

Use Last Closed Bar: Set to true to use data from the last completed bar, preventing flickering (default: true). Set to false to use the current, live bar.

Panel Corner: Specifies the corner of the chart where the table will be displayed (default: Top left). Options include Top left, Top right, Bottom left, Bottom right.

X / Y Offset: Pixel offset from the selected corner for the panel's position (default: 10 / 25).

Font Size: Adjusts the size of the text within the table. The table scales accordingly (default: 9).

Refresh Interval: Determines how frequently the cells update, specified in seconds (default: 2 s).

Colors: Allows customization of the background, text, and the five cell colors, with a default dark theme option available.

You may also like: ADX Auto Range: Automated Trend Strength and Consolidation Detection - excellent alternative for indicator users on MetaTrader 5.

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version     "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 0
#property indicator_plots   0
enum ENUM_PANEL_CORNER
  {
   PANEL_TOP_LEFT     = 0,

.......

• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.