Indicator Description
The "Combined CAW & MTF SMC Dashboard with Dynamic Risk Management" is a powerful, multi-functional TradingView indicator designed to provide traders with a comprehensive view of market trends. It seamlessly blends two analytical approaches:
Custom Action Wave (CAW):
Utilizes a Hull Moving Average (HMA) determine the primary trend, applying dynamic candle coloring and an HMA trend line for clear visual cues.
Multi-Timeframe (MTF) Smart Money Concept (SMC) Dashboard:
Aggregates trend bias, RSI, volume, OBV, and MFI data across multiple timeframes, displaying the information in a customizable table. This multi-timeframe analysis helps confirm market sentiment and identify potential trend changes.
When a new trend change is detected, the indicator highlights the shift with a simple, persistent label stating either "Trend Change: Bullish" or "Trend Change: Bearish." The chart background also adjusts based on the current SMC bias, providing an at-a-glance view of overall market conditions.
Key Features:
Multi-Timeframe Analysis:
Displays critical metrics (trend bias, RSI, volume, OBV, MFI) across nine different timeframes.
Customizable Dashboard:
Choose which rows to display in the table and customize label sizes, positions, and colors to match your trading style.
Visual Clarity:
A dynamic HMA trend line and candle coloring system provide immediate insight into the market’s direction, while background highlights further emphasize the prevailing trend.
Simple Trend Change Alerts:
A persistent trend change label appears when the market’s bias shifts, ensuring you never miss a key transition.
Versatile Across Markets:
Whether you're trading stocks, forex, or cryptocurrencies, this indicator works on any asset class, making it a versatile tool for all types of traders.
This indicator is ideal for traders seeking a robust, visually intuitive tool that combines trend analysis with multi-timeframe market data to make informed trading decisions across various markets.