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MTF ATR Wave (5m, 15m, 30m) by ogudora
█ MTF ATR Wave (5m, 15m, 30m) by ogudora
A minute-timeframe ATR Supertrend companion indicator, designed to work alongside "MTF ATR (1H, 4H, 1D, 1W, 1M) with databox" — filling the gap between intraday micro-structure and higher-timeframe trend analysis.
█ WHAT IT DOES
This indicator plots ATR-based Supertrend lines for 5-minute, 15-minute, and 30-minute timeframes simultaneously on a single chart. It uses a gradient color system where shorter timeframes appear lighter and longer timeframes appear darker, giving you an instant visual read on how momentum is building — or fading — across minute-level structure.
█ WHY "WAVE"?
After a sell-off, recovery doesn't happen all at once. It cascades: the 5m Supertrend flips up first, then the 15m follows, and finally the 30m confirms. Watching these layers light up in sequence — like a wave rolling in — tells you whether a bounce has real traction or is just a dead cat.
█ KEY FEATURES
◆ Gradient Supertrend Lines
5m (lightest) → 15m (medium) → 30m (darkest). Uptrend linewidth=2, downtrend linewidth=1, so the indicator stays visually subordinate to the parent 1H/4H/1D lines.
◆ Trend-Change Circles (●)
A small dot appears at the exact price level where each timeframe's Supertrend flips direction.
◆ Warning / Break Signals (⚠️ / ⚡)
⚠️ Warning: Price breaks below an uptrend Supertrend line (potential trend failure).
⚡ Break: Price breaks above a downtrend Supertrend line (potential trend reversal).
Cooldown timers and daily count limits prevent signal spam.
◆ Reba Monitor (Recovery Progress Scorecard)
A table (top-left, off by default) scoring recovery health out of 9 points:
• ATR Score (0–3): How many of the 3 minute-TF Supertrends are in uptrend
• MA Score (0–6): Whether price is above the 20/50/200 EMA on 1-minute and 5-minute charts
Judgment labels: 🔴 Reba Fail → ⚪ Neutral → 🟡 Signs → 🟢 In Progress → 🟢 Confirmed
◆ Status Table (Databox)
Top-right table (off by default) showing for each timeframe:
TF | ↑↓ | Line Value | Deviation % | 100-Share Loss | Frozen Support | Missed-Move %
◆ 4 Color Presets
Switch the entire color scheme with one dropdown:
1. Green × Red (default)
2. Red × Blue (fully separates from the parent indicator's green/red)
3. White × Black (monochrome, zero interference with any overlay)
4. Cyan × Magenta
◆ Plot-Budget Optimised
Uses only 31 plot calls, leaving ample headroom to run alongside the parent indicator (which uses ~33) within TradingView's 64-plot limit.
█ HOW TO USE
1. Add this indicator alongside "MTF ATR (1H, 4H, 1D, 1W, 1M) with databox"
2. On a 1-minute or 5-minute chart, you'll see layered Supertrend lines cascading from 5m (closest to price) to 30m (furthest)
3. After a sell-off, watch the gradient flip from red to green — 5m first, then 15m, then 30m
4. Enable the Reba Monitor (Master Control) to get a numerical score confirming whether the bounce is holding above key EMAs
5. If the parent indicator's highlighter washes out the colors, try switching to the "Red × Blue" or "Cyan × Magenta" preset for contrast
█ RECOMMENDED SETTINGS
• Best viewed on 1m or 5m charts
• Pair with the parent indicator for full multi-timeframe coverage (1m → 1M)
• Status Table and Reba Monitor are OFF by default to keep the chart clean — enable when needed
• Individual colors and transparency can be fine-tuned via TradingView's style settings (gear icon → each plot line)
█ ALERTS
• 5m / 15m / 30m Warning and Break alerts
• Reba Score ≥ 7 (strong recovery signal)
• Reba Score = 9 (full confirmation)
• Reba Score ≤ 1 (recovery failure)
A minute-timeframe ATR Supertrend companion indicator, designed to work alongside "MTF ATR (1H, 4H, 1D, 1W, 1M) with databox" — filling the gap between intraday micro-structure and higher-timeframe trend analysis.
█ WHAT IT DOES
This indicator plots ATR-based Supertrend lines for 5-minute, 15-minute, and 30-minute timeframes simultaneously on a single chart. It uses a gradient color system where shorter timeframes appear lighter and longer timeframes appear darker, giving you an instant visual read on how momentum is building — or fading — across minute-level structure.
█ WHY "WAVE"?
After a sell-off, recovery doesn't happen all at once. It cascades: the 5m Supertrend flips up first, then the 15m follows, and finally the 30m confirms. Watching these layers light up in sequence — like a wave rolling in — tells you whether a bounce has real traction or is just a dead cat.
█ KEY FEATURES
◆ Gradient Supertrend Lines
5m (lightest) → 15m (medium) → 30m (darkest). Uptrend linewidth=2, downtrend linewidth=1, so the indicator stays visually subordinate to the parent 1H/4H/1D lines.
◆ Trend-Change Circles (●)
A small dot appears at the exact price level where each timeframe's Supertrend flips direction.
◆ Warning / Break Signals (⚠️ / ⚡)
⚠️ Warning: Price breaks below an uptrend Supertrend line (potential trend failure).
⚡ Break: Price breaks above a downtrend Supertrend line (potential trend reversal).
Cooldown timers and daily count limits prevent signal spam.
◆ Reba Monitor (Recovery Progress Scorecard)
A table (top-left, off by default) scoring recovery health out of 9 points:
• ATR Score (0–3): How many of the 3 minute-TF Supertrends are in uptrend
• MA Score (0–6): Whether price is above the 20/50/200 EMA on 1-minute and 5-minute charts
Judgment labels: 🔴 Reba Fail → ⚪ Neutral → 🟡 Signs → 🟢 In Progress → 🟢 Confirmed
◆ Status Table (Databox)
Top-right table (off by default) showing for each timeframe:
TF | ↑↓ | Line Value | Deviation % | 100-Share Loss | Frozen Support | Missed-Move %
◆ 4 Color Presets
Switch the entire color scheme with one dropdown:
1. Green × Red (default)
2. Red × Blue (fully separates from the parent indicator's green/red)
3. White × Black (monochrome, zero interference with any overlay)
4. Cyan × Magenta
◆ Plot-Budget Optimised
Uses only 31 plot calls, leaving ample headroom to run alongside the parent indicator (which uses ~33) within TradingView's 64-plot limit.
█ HOW TO USE
1. Add this indicator alongside "MTF ATR (1H, 4H, 1D, 1W, 1M) with databox"
2. On a 1-minute or 5-minute chart, you'll see layered Supertrend lines cascading from 5m (closest to price) to 30m (furthest)
3. After a sell-off, watch the gradient flip from red to green — 5m first, then 15m, then 30m
4. Enable the Reba Monitor (Master Control) to get a numerical score confirming whether the bounce is holding above key EMAs
5. If the parent indicator's highlighter washes out the colors, try switching to the "Red × Blue" or "Cyan × Magenta" preset for contrast
█ RECOMMENDED SETTINGS
• Best viewed on 1m or 5m charts
• Pair with the parent indicator for full multi-timeframe coverage (1m → 1M)
• Status Table and Reba Monitor are OFF by default to keep the chart clean — enable when needed
• Individual colors and transparency can be fine-tuned via TradingView's style settings (gear icon → each plot line)
█ ALERTS
• 5m / 15m / 30m Warning and Break alerts
• Reba Score ≥ 7 (strong recovery signal)
• Reba Score = 9 (full confirmation)
• Reba Score ≤ 1 (recovery failure)
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.