OPEN-SOURCE SCRIPT
Macd and RSI % Change Signals MTF
MACD & RSI % Change Signals + MTF Open Confirmation
Advanced momentum indicator combining Logarithmic RSI % Change, modified MACD, and Multi-Timeframe Open Price Confirmation.
This indicator detects high-probability entries by filtering custom MACD and RSI-based signals with strict multi-timeframe price action confirmation.
How It Works
1. Dual Signal Engine
Logarithmic RSI % Change System:
Uses RSI calculated on logarithmic scale (high, low, close) to generate more sensitive momentum signals.
Multiple bullish and bearish crossover levels (C20, C10, L20 for longs / L20, C20, C10 for shorts).
Modified MACD System:
Special MACD built with RSI applied to the oscillator for smoother and more responsive signals.
Multiple threshold levels (M2, M3, M4, M5) for both long and short entries.
2. MTF Open Price Confirmation (Core Filter)
Checks current price against the opening price of 4 customizable timeframes (default: 5m, 15m, 60m, 240m).
Long Signal is only valid if price is above the open on all selected timeframes.
Short Signal is only valid if price is below the open on all selected timeframes.
This powerful filter ensures you only trade in the direction of the current multi-timeframe bias.
3. Visual Elements
Clear triangle signals with labels (C20L, M5S, etc.) for easy identification.
Pullback Levels: Automatically plots the most recent confirmed signal’s high/low as dynamic support/resistance.
Live MTF Status Table: Shows current Open prices of all timeframes and overall market bias (LONG / SHORT / NEUTRAL).
Key Features
Log RSI % Change signals (highly responsive)
Modified MACD with multiple confirmation levels
Strict 4-Timeframe Open Price Confirmation Filter
Pullback level plotting for better risk management
Real-time MTF Open Status Panel
Fully customizable timeframes
Multiple alert conditions
Best Used For
Intraday & Scalping on lower timeframes (5m, 15m)
Swing Trading on 1H and 4H charts
Filtering false MACD/RSI signals in choppy markets
Trading with the dominant multi-timeframe momentum
This system significantly reduces whipsaws by combining powerful momentum oscillators with a strict higher-timeframe open price alignment filter.
Advanced momentum indicator combining Logarithmic RSI % Change, modified MACD, and Multi-Timeframe Open Price Confirmation.
This indicator detects high-probability entries by filtering custom MACD and RSI-based signals with strict multi-timeframe price action confirmation.
How It Works
1. Dual Signal Engine
Logarithmic RSI % Change System:
Uses RSI calculated on logarithmic scale (high, low, close) to generate more sensitive momentum signals.
Multiple bullish and bearish crossover levels (C20, C10, L20 for longs / L20, C20, C10 for shorts).
Modified MACD System:
Special MACD built with RSI applied to the oscillator for smoother and more responsive signals.
Multiple threshold levels (M2, M3, M4, M5) for both long and short entries.
2. MTF Open Price Confirmation (Core Filter)
Checks current price against the opening price of 4 customizable timeframes (default: 5m, 15m, 60m, 240m).
Long Signal is only valid if price is above the open on all selected timeframes.
Short Signal is only valid if price is below the open on all selected timeframes.
This powerful filter ensures you only trade in the direction of the current multi-timeframe bias.
3. Visual Elements
Clear triangle signals with labels (C20L, M5S, etc.) for easy identification.
Pullback Levels: Automatically plots the most recent confirmed signal’s high/low as dynamic support/resistance.
Live MTF Status Table: Shows current Open prices of all timeframes and overall market bias (LONG / SHORT / NEUTRAL).
Key Features
Log RSI % Change signals (highly responsive)
Modified MACD with multiple confirmation levels
Strict 4-Timeframe Open Price Confirmation Filter
Pullback level plotting for better risk management
Real-time MTF Open Status Panel
Fully customizable timeframes
Multiple alert conditions
Best Used For
Intraday & Scalping on lower timeframes (5m, 15m)
Swing Trading on 1H and 4H charts
Filtering false MACD/RSI signals in choppy markets
Trading with the dominant multi-timeframe momentum
This system significantly reduces whipsaws by combining powerful momentum oscillators with a strict higher-timeframe open price alignment filter.
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.