OPEN-SOURCE SCRIPT
已更新 MTF Trend + Pressure
MTF Trend + Pressure is a multi-timeframe indicator designed to measure trend direction, market pressure, and momentum strength. It automatically analyzes several timeframes, combines an ADX filter, a composite oscillator, and TPX net pressure to show whether buyers, sellers, or the market is in balance.
How It Works
The indicator:
- identifies the trend across multiple timeframes;
- measures trend strength using ADX;
- combines signals from RSI, MACD, and Stochastic into one oscillator;
- displays net market pressure through the TPX line;
- filters weak moves so signals better reflect the real trend.
What It Shows
- Trend strength — how strongly the market leans bullish or bearish.
- Pressure meter — buyer vs seller dominance.
- Composite oscillator — momentum and balance of force.
- TPX line — changes in market control and pressure.
## How to Read It
- Bullish readings suggest buyer dominance and possible continuation upward.
- Bearish readings suggest seller dominance and possible continuation downward.
- Strong ADX means the trend is more reliable.
- Weak ADX often indicates a ranging market, where signals may be less reliable.
- If the oscillator and TPX line** move in the same direction, momentum is usually stronger.
- If the higher timeframe confirms the direction**, signals on the lower timeframe are generally stronger.
## Practical Use
For best results:
1. check the overall MTF direction first;
2. confirm there is enough trend strength with ADX;
3. look for entries only when pressure, oscillator, and TPX are aligned.
How It Works
The indicator:
- identifies the trend across multiple timeframes;
- measures trend strength using ADX;
- combines signals from RSI, MACD, and Stochastic into one oscillator;
- displays net market pressure through the TPX line;
- filters weak moves so signals better reflect the real trend.
What It Shows
- Trend strength — how strongly the market leans bullish or bearish.
- Pressure meter — buyer vs seller dominance.
- Composite oscillator — momentum and balance of force.
- TPX line — changes in market control and pressure.
## How to Read It
- Bullish readings suggest buyer dominance and possible continuation upward.
- Bearish readings suggest seller dominance and possible continuation downward.
- Strong ADX means the trend is more reliable.
- Weak ADX often indicates a ranging market, where signals may be less reliable.
- If the oscillator and TPX line** move in the same direction, momentum is usually stronger.
- If the higher timeframe confirms the direction**, signals on the lower timeframe are generally stronger.
## Practical Use
For best results:
1. check the overall MTF direction first;
2. confirm there is enough trend strength with ADX;
3. look for entries only when pressure, oscillator, and TPX are aligned.
版本注释
Visual Updates-Added a panel with trend strength and pressure readings.
-Users can change the panel size.
-Users can adjust the panel position on the chart.
-Improved the oscillator display for clearer signal reading.
-Added the TPX Net Pressure Line to visualize market pressure.
-Supports smoothing for a cleaner and more readable line appearance.
Setting Updates
Automatic timeframe mapping without manual selection.
-Maps the current chart timeframe into 4 levels:
-Entry
-Gate
-Trend
-Bias
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。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
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。