Context MTF [Th16rry]

Context MTF [Th16rry]
A multi-timeframe trend context indicator that overlays an Exponential Moving Average (EMA) and a Weighted Moving Average (WMA) whose look-back periods adapt automatically to your chart’s timeframe. Inspired by Mike Bellafore and Brian Shannon (Multi timeframe analysis)

🔍 Overview

Context MTF helps you quickly gauge the prevailing trend and its strength by plotting two complementary moving averages in a single view:

* EMA (solid line) for smooth, responsive trend direction
* WMA (dotted line) for emphasis on recent price action

By automatically selecting period lengths that reflect meaningful market cycles, Context MTF provides intuitive context at a glance:

| Timeframe | Period | Market Cycle Represented |
| :--------: | :----: | :----------------------: |
| Daily (D) | 63 | Quarterly trend |
| Weekly (W) | 52 | Yearly trend |
| 1H (60) | 126 | Monthly trend |
| 15m (15) | 130 | Weekly trend |
| 5m (5) | 78 | Last 24 hours |

⚙️ How It Works

1. Automatic Period Selection

The script detects your chart’s timeframe and applies the appropriate look-back for both EMA and WMA.

2. Solid vs. Dotted

* EMA is drawn as a continuous solid line.
* WMA is rendered as a dotted line of the same color, highlighting short-term momentum within the broader trend.

3. Visual Trend Context

* Widening Gap: Indicates strengthening trend momentum.
* Convergence/Overlap: Suggests a market in consolidation or range.


🎯 Benefits

* Multi-Timeframe Context in a single pane—no need to switch charts.
* Instant trend strength assessment by comparing EMA vs. WMA divergence.
* Clear identification of range conditions when averages align.
* Fully automated period adjustment—set and forget.

⚙️ Settings

* Color: Shared color for both lines (default blue).
* Line Width: Adjustable via script inputs (default 2).
* Dotted WMA: Simulated using built-in dotted line styling for precise rendering.


Use Context MTF [Th16rry] to enhance trend-based strategies, confirm breakout momentum, or filter ranging markets. Ideal for swing traders, day traders, and anyone who values clear, time-aligned trend information on every timeframe.