OPEN-SOURCE SCRIPT
Aura Matrix Pro Dashboard
The Aura Matrix Pro is a high-precision trend-following system designed to filter out market noise and identify high-probability entries. By combining an advanced Exponential Hull Moving Average (EHMA) with real-time Multi-Timeframe (MTF) analysis, this indicator provides a complete "Control Center" directly on your chart.
Key Features
Dual-Line Confirmation: Uses a thick EHMA (50) for the main trend and a thin HMA (20) for entry confirmation. When price clears both, the trend is confirmed.
Aura Matrix Dashboard: A live monitor of 5m, 15m, 30m, and 1h timeframes.
Momentum Engine: The EHMA changes color (Green/Red) only when trend and price momentum (ROC) align. Gray bars signify "No-Trade" zones.
Volatility Bands (ATM): Integrated ATR channels that show the "stretch" of the market.
Understanding the Dashboard Metrics
1. Trend & Power (1-10)
Trend: Shows the bullish or bearish bias per timeframe.
Power: A custom scale derived from the ADX. A value above 5 indicates a healthy trend. Values 8-10 represent an explosive move.
2. ADX (Trend Strength)
The ADX column is your primary filter for sideways markets:
ADX < 20: The market is ranging. Avoid trend-following trades.
ADX > 25 (Purple): A strong trend is confirmed. This is the "Green Light" for traders.
3. Vol % (Relative Volume) – The "Truth" Filter
This is perhaps the most critical part of the dashboard. It compares current volume to the 20-period average:
Below 100% (e.g., 80%): Weak interest. The move is likely a "fakeout" or lacks institutional backing. Be cautious.
100% - 130%: Healthy volume. The trend is supported by steady participation.
Above 150% (Dark Blue): Institutional Pressure. Big players are moving the market. This is the highest confirmation for any trend breakout.
How to Trade with Aura Matrix Pro
Check the Matrix: Look for at least 3 timeframes to agree (e.g., all Green).
Verify ADX & Volume: Ensure ADX is > 25 and Vol % is > 100%.
The Entry: Wait for the price to be above the Green EHMA and the White HMA line.
The Exit: Exit when the EHMA turns Gray or the Power drops significantly below 4.
Key Features
Dual-Line Confirmation: Uses a thick EHMA (50) for the main trend and a thin HMA (20) for entry confirmation. When price clears both, the trend is confirmed.
Aura Matrix Dashboard: A live monitor of 5m, 15m, 30m, and 1h timeframes.
Momentum Engine: The EHMA changes color (Green/Red) only when trend and price momentum (ROC) align. Gray bars signify "No-Trade" zones.
Volatility Bands (ATM): Integrated ATR channels that show the "stretch" of the market.
Understanding the Dashboard Metrics
1. Trend & Power (1-10)
Trend: Shows the bullish or bearish bias per timeframe.
Power: A custom scale derived from the ADX. A value above 5 indicates a healthy trend. Values 8-10 represent an explosive move.
2. ADX (Trend Strength)
The ADX column is your primary filter for sideways markets:
ADX < 20: The market is ranging. Avoid trend-following trades.
ADX > 25 (Purple): A strong trend is confirmed. This is the "Green Light" for traders.
3. Vol % (Relative Volume) – The "Truth" Filter
This is perhaps the most critical part of the dashboard. It compares current volume to the 20-period average:
Below 100% (e.g., 80%): Weak interest. The move is likely a "fakeout" or lacks institutional backing. Be cautious.
100% - 130%: Healthy volume. The trend is supported by steady participation.
Above 150% (Dark Blue): Institutional Pressure. Big players are moving the market. This is the highest confirmation for any trend breakout.
How to Trade with Aura Matrix Pro
Check the Matrix: Look for at least 3 timeframes to agree (e.g., all Green).
Verify ADX & Volume: Ensure ADX is > 25 and Vol % is > 100%.
The Entry: Wait for the price to be above the Green EHMA and the White HMA line.
The Exit: Exit when the EHMA turns Gray or the Power drops significantly below 4.
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.