OPEN-SOURCE SCRIPT
Actualizado 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.
Notas de prensa
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
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.