OPEN-SOURCE SCRIPT
MTF Confluence Dashboard (EMA + RSI + Volume)
A multi-timeframe confluence scoring system designed for futures (built and tested on MNQ). Instead of generating signals from a single indicator on a single timeframe, it scores 4 timeframes independently and only flags Buy/Sell when they align.
How it works
Each timeframe (3m, 5m, 15m, 30m) is scored on three components:
EMA Ribbon (7/13/20/50) — bullish when stacked up, bearish when stacked down
RSI (13-period) — bullish above 60, bearish below 40
Volume — confirms direction when volume spikes above 1.5× the 20-bar average
Each component scores +1, 0, or -1, giving each timeframe a score from -3 to +3. The four timeframe scores are summed into a total confluence score from -12 to +12.
Signal logic:
ALIGNED BUY / SELL labels print on the chart when the confluence score crosses ±5
The dashboard table on the right shows live signals for each timeframe, macro trend (above/below 200 EMA), and the overall confluence
A built-in whipsaw filter prevents Buy → Sell → Buy flip-flops by requiring the score to reset to neutral before allowing opposite signals
Built-in features:
Customizable EMA, RSI, and volume settings
Adjustable confluence thresholds
Toggleable EMA plotting on chart
Four alert conditions (Aligned Buy/Sell, Lean Buy/Sell)
Repaint-safe (uses confirmed higher-timeframe data only)
Best used as:
A confluence checker, not an autopilot. ALIGNED signals tell you when multiple timeframes agree on direction — strongest in trending markets, weakest in chop. Pair with your own price action read and risk management.
Notes:
Works best on futures or exchange-traded instruments where volume data is real
Default settings tuned for MNQ on the 5m chart but adjustable for any market/timeframe
MADE USING CLAUDE AI
How it works
Each timeframe (3m, 5m, 15m, 30m) is scored on three components:
EMA Ribbon (7/13/20/50) — bullish when stacked up, bearish when stacked down
RSI (13-period) — bullish above 60, bearish below 40
Volume — confirms direction when volume spikes above 1.5× the 20-bar average
Each component scores +1, 0, or -1, giving each timeframe a score from -3 to +3. The four timeframe scores are summed into a total confluence score from -12 to +12.
Signal logic:
ALIGNED BUY / SELL labels print on the chart when the confluence score crosses ±5
The dashboard table on the right shows live signals for each timeframe, macro trend (above/below 200 EMA), and the overall confluence
A built-in whipsaw filter prevents Buy → Sell → Buy flip-flops by requiring the score to reset to neutral before allowing opposite signals
Built-in features:
Customizable EMA, RSI, and volume settings
Adjustable confluence thresholds
Toggleable EMA plotting on chart
Four alert conditions (Aligned Buy/Sell, Lean Buy/Sell)
Repaint-safe (uses confirmed higher-timeframe data only)
Best used as:
A confluence checker, not an autopilot. ALIGNED signals tell you when multiple timeframes agree on direction — strongest in trending markets, weakest in chop. Pair with your own price action read and risk management.
Notes:
Works best on futures or exchange-traded instruments where volume data is real
Default settings tuned for MNQ on the 5m chart but adjustable for any market/timeframe
MADE USING CLAUDE AI
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.