OPEN-SOURCE SCRIPT
MTF Confluence Engine v5 [Dexter]
What you'll see now, top to bottom:
Pine Script®
Labels on the right edge — W1, D1, H1, M15 tags appear as coloured floating labels so you always know which row is which without guessing by colour alone.
Threshold labels — +70% and -70% floating labels on the dashed lines so the histogram is self-explanatory at a glance.
Dot colours — bull signal = TF's own colour (orange for W1 etc), bear = red shade, neutral = tiny grey dot so the lane never appears empty.
Labels on the right edge — W1, D1, H1, M15 tags appear as coloured floating labels so you always know which row is which without guessing by colour alone.
Threshold labels — +70% and -70% floating labels on the dashed lines so the histogram is self-explanatory at a glance.
Dot colours — bull signal = TF's own colour (orange for W1 etc), bear = red shade, neutral = tiny grey dot so the lane never appears empty.
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.