The MTF Price Action Indicator Set displays smoothed price action lines for multiple timeframes simultaneously directly on your TradeStation chart. Two visual properties encode everything you need to know at a glance: color shows trend direction (green = uptrend, red/magenta = downtrend), and line width shows momentum conviction (thick = strong, thin = weak, invisible = transition). No chart switching, no manual analysis across multiple windows — the full multi-timeframe picture is on the chart in front of you.

The set includes 10 indicators covering every chart type and trading style — intraday time-based charts, 1–3 minute scalping charts, hourly charts with multi-day periods, daily charts, tick/volume/range charts, and RadarScreen scanning. Two indicators also support RadarScreen for watchlist-level trend scanning with color-coded strength readouts.

How the Price Action Line Works

Every price action line is built using the SP+Harmony scoring system. Five Super Smoother calculations — at Fibonacci lengths of 13, 21, 34, 55, and 89 bars — are applied simultaneously to the price series. Each is compared to its prior value to determine direction: rising = +1, falling = −1. The five signals are summed into a composite SP_Dir score from −5 to +5, which directly controls the line's width:

• ±5 (maximum width) — all five lengths agree; strong, high-conviction trend
• ±3 to ±4 — most lengths agree; solid trend, good trading conditions
• ±1 to ±2 (thin) — only a bare majority agree; weak, tentative momentum — use as a caution signal
• 0 (invisible) — the five lengths are split; the market is in transition between trends. Wait for a direction to establish before trading.

The color changes when SP_Dir crosses zero. Width changes continuously as the score moves — so you can see momentum building or fading in real time, before the trend is obvious from price alone.

Gapless Price Correction

Overnight gaps distort smoothed values on intraday charts, particularly for stocks. The gapless indicators remove this distortion by accumulating the overnight gap each session and subtracting it from the close series before the Super Smoother is applied. The result is a cleaner, more stable price action line that reflects intraday momentum without gap artifacts.

The standard indicators use adaptive gapless correction: if an overnight gap moves price against the current trend (a gap-up when price is below the trend line), correction is suppressed for approximately 80 bars. This prevents over-correcting for gaps that represent genuine trend changes rather than noise.

What Is Included — The 10 Indicators

Single-timeframe indicators (any chart type):

• CT_Price_Action — single price action line, adaptive gapless correction, chart only
• CT_Price_Action_Dual — fast line (Speed 120) + slow line (Speed 20) on the same chart; crossover, trend pullback, and momentum setup alerts; chart and RadarScreen
• CT_Price_Action_Gapless — single line with full array-based gapless correction; six-level color-coded strength readout on RadarScreen (Green/Cyan/DarkGreen/DarkRed/Magenta/Red); chart and RadarScreen

Multi-timeframe chart indicators:

• CT_MTF_Price_Action — up to 8 lines from current interval through Daily; intraday time-based charts; lower-interval plots automatically hidden on higher-interval charts
• CT_MTF_Price_Gapless — same as above with full array-based gapless correction; 5–60 minute charts
• CT_MTF_Price_Action_Gapless_1-3_min — 9 lines including a 6-minute level; 1, 2, and 3-minute charts only
• CT_MTF_Price_Gapless_Hourly — 7 lines from 60-minute through 20-Day; 60-minute charts only; 480-minute plot suppressed automatically for equities
• CT_MTF_Price_Gapless_Daily — daily line plus 7 higher-period lines at configurable day-count multiples (default: 5, 10, 15, 20, 25, 30, 35 days); daily charts only
• CT_MTF_Price_Gapless_Multiple — works on any bar type including tick, volume, and range charts; Fibonacci-based default multiples (3×, 5×, 8×, 13×, 21×, 34×, 55×); fully configurable
• CT_OOEL_MTF_Price_Action — uses TradeStation's OOEL PriceSeriesProvider to subscribe directly to real data feeds for each timeframe (5, 15, 20, 30, 60, 120, 240-min, Daily); no bar synthesis — guaranteed real timeframe data regardless of chart interval

Who Is This Indicator Set For

The MTF Price Action Indicator Set is for TradeStation traders who want to see trend direction and momentum across multiple timeframes without switching charts. Specifically:

• Scalpers on 1–3 minute charts who need rapid multi-timeframe confirmation before entering — use CT_MTF_Price_Action_Gapless_1-3_min for the 6-minute level not available in other indicators
• Day traders on 5–60 minute charts who want to confirm intraday trades align with the 60-minute, 120-minute, and daily trend — use CT_MTF_Price_Action or CT_MTF_Price_Gapless
• Swing traders on hourly charts who need multi-day context — use CT_MTF_Price_Gapless_Hourly for lines out to 20-Day
• Position traders and stock investors on daily charts — use CT_MTF_Price_Gapless_Daily for weekly and monthly perspective
• Tick and range chart traders — use CT_MTF_Price_Gapless_Multiple, the only indicator in the set that works on non-time-based charts
• Traders who scan watchlists in RadarScreen — use CT_Price_Action_Dual or CT_Price_Action_Gapless for color-coded trend strength across symbols

Works on any TradeStation instrument: E-mini S&P 500 (ES), Nasdaq 100 (NQ), crude oil (CL), gold (GC), forex currency pairs, and individual stocks and ETFs.

What Is Included in the Download

• All 10 MTF Price Action indicators as EasyLanguage (.eld) files for TradeStation
• Step-by-step installation guide (PDF)
• Chart setup instructions and recommended settings by trading style
• Indicator selection guide — which indicator to use for each chart type and timeframe
• Access to our Learning Center video walkthrough
• Email support from our team

System Requirements

• TradeStation 10 or later (including TradeStation Web Trading)
• Compatible with TradeStation Global
• Most MTF indicators require intraday time-based charts — CT_MTF_Price_Gapless_Multiple works on tick, volume, and range charts
• CT_OOEL_MTF_Price_Action requires TradeStation's OOEL data subscription
• Higher-timeframe plots require approximately 150 bars of chart history to stabilize

Frequently Asked Questions

What is the difference between the indicators in the set — which one should I start with?
If you trade intraday time-based charts (5–60 minute), start with CT_MTF_Price_Action or CT_MTF_Price_Gapless — they display up to 8 lines from your current interval through Daily. If you trade 1–3 minute charts, use CT_MTF_Price_Action_Gapless_1-3_min, which adds a 6-minute level. For tick, volume, or range charts, use CT_MTF_Price_Gapless_Multiple, the only indicator in the set that works on non-time-based charts.

What does line width tell me that color alone does not?
Color tells you direction — whether the trend is bullish or bearish. Width tells you how much internal agreement there is. A thick green line (SP_Dir = +5) means all five Super Smoother lengths are rising simultaneously — maximum conviction. A thin green line (SP_Dir = +1 or +2) means only a bare majority are rising — a tentative, fragile trend. The width is your confidence filter: enter on thick lines, stand aside on thin or invisible lines.

What does it mean when the line disappears?
When SP_Dir = 0, the five Super Smoother lengths are evenly split between rising and falling. The line width is set to 0 and the plot disappears. This is a caution signal — the market is in transition between trends. Wait for the line to reappear with a consistent direction before trading.

Do these indicators repaint?
No. Calculations are based on confirmed closed bars. The current forming bar on each timeframe will update in real time until it closes — this is standard real-time behavior, not repainting. Once a bar closes, the SP_Dir score for that bar is fixed.

Which indicators support RadarScreen?
Only CT_Price_Action_Dual and CT_Price_Action_Gapless support RadarScreen. All other indicators in the set are chart-only. On RadarScreen, CT_Price_Action_Gapless displays six color-coded strength levels (Green, Cyan, DarkGreen, DarkRed, Magenta, Red) indicating direction and conviction for each symbol in your watchlist.

Can I use this alongside the Fractal Channel Indicator?
Yes — this is the recommended approach. The MTF Price Action Indicator Set provides directional bias and momentum across timeframes; the Fractal Channel Indicator identifies the structural support and resistance levels within that trend. When the price action lines are thick green and price is above the fractal support level, you have a high-conviction long setup. Both are included in the Pro Traders Toolkit.

How do I install the indicator set in TradeStation?
After purchase you will receive EasyLanguage (.eld) files. Import them via File > Import/Export > Import EasyLanguage. Full step-by-step instructions are included. Most traders are up and running in under 15 minutes.

What is your refund policy?
All sales are final. We encourage you to review our Learning Center videos before purchasing so you can see exactly how the indicators perform. If you have a technical issue after purchase, our support team is here to help.