OPEN-SOURCE SCRIPT
StackLight MTF | MTF Momentum Stack + Stochastic Confluence
The strategy only fires a signal when three timeframes of your choosing — fast, medium, and slow — all agree on direction. Each timeframe is scored bullish, bearish, or neutral using either RSI or EMA slope, and displayed as a live 3-light traffic signal in the corner of your chart. Green means go, red means no — and when all three lights match, the strategy arms itself for entry.
Once the stack is aligned, entries are triggered by a stochastic %K/%D crossover on your chart timeframe, confirmed by a linreg-smoothed stochastic on your slowest timeframe — so you're not just trading a momentum cross in isolation, you're trading one that's backed by higher-timeframe agreement.
Risk is handled with ATR-based stops and targets, and position size adjusts automatically so every trade risks a fixed percentage of your account — no more, no less — regardless of how wide or tight the current stop distance is. An optional "stack flip" exit closes trades early if the multi-timeframe alignment breaks down before your stop is hit, cutting losers faster than a static stop alone.
Features
Once the stack is aligned, entries are triggered by a stochastic %K/%D crossover on your chart timeframe, confirmed by a linreg-smoothed stochastic on your slowest timeframe — so you're not just trading a momentum cross in isolation, you're trading one that's backed by higher-timeframe agreement.
Risk is handled with ATR-based stops and targets, and position size adjusts automatically so every trade risks a fixed percentage of your account — no more, no less — regardless of how wide or tight the current stop distance is. An optional "stack flip" exit closes trades early if the multi-timeframe alignment breaks down before your stop is hit, cutting losers faster than a static stop alone.
Features
- 3-light traffic signal table — instant visual read of alignment across your fast/medium/slow timeframes
- Dual momentum modes — RSI (with adjustable neutral band to reduce flip-flopping) or EMA slope
- Linreg-smoothed MTF stochastic — filters out the staircase artifact from pulling higher-timeframe data
- Bias label — STRONG BULL / BULL LEAN / NEUTRAL / BEAR LEAN / STRONG BEAR at a glance
- Background tint + bar coloring — full-chart visual confirmation, not just the indicator pane
- Risk-based position sizing — fixed % equity risk per trade, auto-scaled to current ATR
- ATR stop/target + stack-flip early exit — two independent exit mechanisms
- Built-in alert conditions for long/short signals — ready for automation
- Long-only, short-only, or both — directional bias control in one input
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.