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MTF ATR Wave (5m, 15m, 30m) by ogudora
█ MTF ATR Wave (5m, 15m, 30m) by ogudora
A minute-timeframe ATR Supertrend companion indicator, designed to work alongside "MTF ATR (1H, 4H, 1D, 1W, 1M) with databox" — filling the gap between intraday micro-structure and higher-timeframe trend analysis.
█ WHAT IT DOES
This indicator plots ATR-based Supertrend lines for 5-minute, 15-minute, and 30-minute timeframes simultaneously on a single chart. It uses a gradient color system where shorter timeframes appear lighter and longer timeframes appear darker, giving you an instant visual read on how momentum is building — or fading — across minute-level structure.
█ WHY "WAVE"?
After a sell-off, recovery doesn't happen all at once. It cascades: the 5m Supertrend flips up first, then the 15m follows, and finally the 30m confirms. Watching these layers light up in sequence — like a wave rolling in — tells you whether a bounce has real traction or is just a dead cat.
█ KEY FEATURES
◆ Gradient Supertrend Lines
5m (lightest) → 15m (medium) → 30m (darkest). Uptrend linewidth=2, downtrend linewidth=1, so the indicator stays visually subordinate to the parent 1H/4H/1D lines.
◆ Trend-Change Circles (●)
A small dot appears at the exact price level where each timeframe's Supertrend flips direction.
◆ Warning / Break Signals (⚠️ / ⚡)
⚠️ Warning: Price breaks below an uptrend Supertrend line (potential trend failure).
⚡ Break: Price breaks above a downtrend Supertrend line (potential trend reversal).
Cooldown timers and daily count limits prevent signal spam.
◆ Reba Monitor (Recovery Progress Scorecard)
A table (top-left, off by default) scoring recovery health out of 9 points:
• ATR Score (0–3): How many of the 3 minute-TF Supertrends are in uptrend
• MA Score (0–6): Whether price is above the 20/50/200 EMA on 1-minute and 5-minute charts
Judgment labels: 🔴 Reba Fail → ⚪ Neutral → 🟡 Signs → 🟢 In Progress → 🟢 Confirmed
◆ Status Table (Databox)
Top-right table (off by default) showing for each timeframe:
TF | ↑↓ | Line Value | Deviation % | 100-Share Loss | Frozen Support | Missed-Move %
◆ 4 Color Presets
Switch the entire color scheme with one dropdown:
1. Green × Red (default)
2. Red × Blue (fully separates from the parent indicator's green/red)
3. White × Black (monochrome, zero interference with any overlay)
4. Cyan × Magenta
◆ Plot-Budget Optimised
Uses only 31 plot calls, leaving ample headroom to run alongside the parent indicator (which uses ~33) within TradingView's 64-plot limit.
█ HOW TO USE
1. Add this indicator alongside "MTF ATR (1H, 4H, 1D, 1W, 1M) with databox"
2. On a 1-minute or 5-minute chart, you'll see layered Supertrend lines cascading from 5m (closest to price) to 30m (furthest)
3. After a sell-off, watch the gradient flip from red to green — 5m first, then 15m, then 30m
4. Enable the Reba Monitor (Master Control) to get a numerical score confirming whether the bounce is holding above key EMAs
5. If the parent indicator's highlighter washes out the colors, try switching to the "Red × Blue" or "Cyan × Magenta" preset for contrast
█ RECOMMENDED SETTINGS
• Best viewed on 1m or 5m charts
• Pair with the parent indicator for full multi-timeframe coverage (1m → 1M)
• Status Table and Reba Monitor are OFF by default to keep the chart clean — enable when needed
• Individual colors and transparency can be fine-tuned via TradingView's style settings (gear icon → each plot line)
█ ALERTS
• 5m / 15m / 30m Warning and Break alerts
• Reba Score ≥ 7 (strong recovery signal)
• Reba Score = 9 (full confirmation)
• Reba Score ≤ 1 (recovery failure)
A minute-timeframe ATR Supertrend companion indicator, designed to work alongside "MTF ATR (1H, 4H, 1D, 1W, 1M) with databox" — filling the gap between intraday micro-structure and higher-timeframe trend analysis.
█ WHAT IT DOES
This indicator plots ATR-based Supertrend lines for 5-minute, 15-minute, and 30-minute timeframes simultaneously on a single chart. It uses a gradient color system where shorter timeframes appear lighter and longer timeframes appear darker, giving you an instant visual read on how momentum is building — or fading — across minute-level structure.
█ WHY "WAVE"?
After a sell-off, recovery doesn't happen all at once. It cascades: the 5m Supertrend flips up first, then the 15m follows, and finally the 30m confirms. Watching these layers light up in sequence — like a wave rolling in — tells you whether a bounce has real traction or is just a dead cat.
█ KEY FEATURES
◆ Gradient Supertrend Lines
5m (lightest) → 15m (medium) → 30m (darkest). Uptrend linewidth=2, downtrend linewidth=1, so the indicator stays visually subordinate to the parent 1H/4H/1D lines.
◆ Trend-Change Circles (●)
A small dot appears at the exact price level where each timeframe's Supertrend flips direction.
◆ Warning / Break Signals (⚠️ / ⚡)
⚠️ Warning: Price breaks below an uptrend Supertrend line (potential trend failure).
⚡ Break: Price breaks above a downtrend Supertrend line (potential trend reversal).
Cooldown timers and daily count limits prevent signal spam.
◆ Reba Monitor (Recovery Progress Scorecard)
A table (top-left, off by default) scoring recovery health out of 9 points:
• ATR Score (0–3): How many of the 3 minute-TF Supertrends are in uptrend
• MA Score (0–6): Whether price is above the 20/50/200 EMA on 1-minute and 5-minute charts
Judgment labels: 🔴 Reba Fail → ⚪ Neutral → 🟡 Signs → 🟢 In Progress → 🟢 Confirmed
◆ Status Table (Databox)
Top-right table (off by default) showing for each timeframe:
TF | ↑↓ | Line Value | Deviation % | 100-Share Loss | Frozen Support | Missed-Move %
◆ 4 Color Presets
Switch the entire color scheme with one dropdown:
1. Green × Red (default)
2. Red × Blue (fully separates from the parent indicator's green/red)
3. White × Black (monochrome, zero interference with any overlay)
4. Cyan × Magenta
◆ Plot-Budget Optimised
Uses only 31 plot calls, leaving ample headroom to run alongside the parent indicator (which uses ~33) within TradingView's 64-plot limit.
█ HOW TO USE
1. Add this indicator alongside "MTF ATR (1H, 4H, 1D, 1W, 1M) with databox"
2. On a 1-minute or 5-minute chart, you'll see layered Supertrend lines cascading from 5m (closest to price) to 30m (furthest)
3. After a sell-off, watch the gradient flip from red to green — 5m first, then 15m, then 30m
4. Enable the Reba Monitor (Master Control) to get a numerical score confirming whether the bounce is holding above key EMAs
5. If the parent indicator's highlighter washes out the colors, try switching to the "Red × Blue" or "Cyan × Magenta" preset for contrast
█ RECOMMENDED SETTINGS
• Best viewed on 1m or 5m charts
• Pair with the parent indicator for full multi-timeframe coverage (1m → 1M)
• Status Table and Reba Monitor are OFF by default to keep the chart clean — enable when needed
• Individual colors and transparency can be fine-tuned via TradingView's style settings (gear icon → each plot line)
█ ALERTS
• 5m / 15m / 30m Warning and Break alerts
• Reba Score ≥ 7 (strong recovery signal)
• Reba Score = 9 (full confirmation)
• Reba Score ≤ 1 (recovery failure)
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.