OPEN-SOURCE SCRIPT
已更新 TPI 15m ONLY
TPI (Trend Power Index) is a multi-factor momentum and structure indicator designed to measure overall market bias using trend structure, momentum, and moving averages.
The script combines six independent components into one normalized score between -1 and +1, giving a quick visual overview of bullish or bearish strength.
The indicator is optimized to work with 15 minute trading, while also incorporating higher timeframe structure.
Core Components
1. Multi-Timeframe Market Structure (BOS / MSB)
The script builds dynamic swing highs and swing lows and detects:
BOS (Break of Structure)
MSB (Market Structure Break)
These signals determine the trend direction on:
4H
1H
15M
Each timeframe contributes to the final trend score.
2. Supertrend Bias (30m)
A 30 minute Supertrend is used as a higher timeframe trend filter.
Price above Supertrend → Bullish score
Price below Supertrend → Bearish score
3. TSI Momentum (15m)
A True Strength Index measures momentum strength.
Conditions used:
TSI above signal line
TSI above or below zero
This creates graded momentum scoring.
4. EMA Structure (15m)
Two EMAs are used:
EMA 18
EMA 36
Scoring depends on:
EMA alignment
Price position relative to both EMAs
This captures short-term directional pressure.
Final TPI Calculation
All components are averaged:
TPI = (4H trend + 1H trend + 15M trend + TSI + EMA + Supertrend) / 6
The result is a continuous score between -1 and +1.
Visualization
The indicator plots colored dots representing trend strength.
Color intensity reflects the magnitude of the TPI score:
Dark Green → Strong bullish alignment
Light Green → Mild bullish bias
Gray → Neutral / mixed signals
Light Red → Mild bearish bias
Dark Red → Strong bearish alignment
Horizontal reference levels:
+1.0 → Maximum bullish alignment
+0.5 → Moderate bullish bias
0.0 → Neutral
-0.5 → Moderate bearish bias
-1.0 → Maximum bearish alignment
Intended Use
TPI is designed to help traders quickly identify:
Market alignment across timeframes
Momentum confirmation
Trend strength
Potential trend transitions
It works well as a trend filter, bias indicator, or confirmation tool for discretionary strategies.
The script combines six independent components into one normalized score between -1 and +1, giving a quick visual overview of bullish or bearish strength.
The indicator is optimized to work with 15 minute trading, while also incorporating higher timeframe structure.
Core Components
1. Multi-Timeframe Market Structure (BOS / MSB)
The script builds dynamic swing highs and swing lows and detects:
BOS (Break of Structure)
MSB (Market Structure Break)
These signals determine the trend direction on:
4H
1H
15M
Each timeframe contributes to the final trend score.
2. Supertrend Bias (30m)
A 30 minute Supertrend is used as a higher timeframe trend filter.
Price above Supertrend → Bullish score
Price below Supertrend → Bearish score
3. TSI Momentum (15m)
A True Strength Index measures momentum strength.
Conditions used:
TSI above signal line
TSI above or below zero
This creates graded momentum scoring.
4. EMA Structure (15m)
Two EMAs are used:
EMA 18
EMA 36
Scoring depends on:
EMA alignment
Price position relative to both EMAs
This captures short-term directional pressure.
Final TPI Calculation
All components are averaged:
TPI = (4H trend + 1H trend + 15M trend + TSI + EMA + Supertrend) / 6
The result is a continuous score between -1 and +1.
Visualization
The indicator plots colored dots representing trend strength.
Color intensity reflects the magnitude of the TPI score:
Dark Green → Strong bullish alignment
Light Green → Mild bullish bias
Gray → Neutral / mixed signals
Light Red → Mild bearish bias
Dark Red → Strong bearish alignment
Horizontal reference levels:
+1.0 → Maximum bullish alignment
+0.5 → Moderate bullish bias
0.0 → Neutral
-0.5 → Moderate bearish bias
-1.0 → Maximum bearish alignment
Intended Use
TPI is designed to help traders quickly identify:
Market alignment across timeframes
Momentum confirmation
Trend strength
Potential trend transitions
It works well as a trend filter, bias indicator, or confirmation tool for discretionary strategies.
版本注释
.版本注释
Contact me in private if you need the indicator版本注释
Contact me in private if you need the indicator开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。