OPEN-SOURCE SCRIPT
Telah dikemas kini TPI 15m ONLY
TPI (Trend Power Index) is a multi-factor momentum and structure indicator designed to measure overall market bias using trend structure, momentum, and moving averages.
The script combines six independent components into one normalized score between -1 and +1, giving a quick visual overview of bullish or bearish strength.
The indicator is optimized to work with 15 minute trading, while also incorporating higher timeframe structure.
Core Components
1. Multi-Timeframe Market Structure (BOS / MSB)
The script builds dynamic swing highs and swing lows and detects:
BOS (Break of Structure)
MSB (Market Structure Break)
These signals determine the trend direction on:
4H
1H
15M
Each timeframe contributes to the final trend score.
2. Supertrend Bias (30m)
A 30 minute Supertrend is used as a higher timeframe trend filter.
Price above Supertrend → Bullish score
Price below Supertrend → Bearish score
3. TSI Momentum (15m)
A True Strength Index measures momentum strength.
Conditions used:
TSI above signal line
TSI above or below zero
This creates graded momentum scoring.
4. EMA Structure (15m)
Two EMAs are used:
EMA 18
EMA 36
Scoring depends on:
EMA alignment
Price position relative to both EMAs
This captures short-term directional pressure.
Final TPI Calculation
All components are averaged:
TPI = (4H trend + 1H trend + 15M trend + TSI + EMA + Supertrend) / 6
The result is a continuous score between -1 and +1.
Visualization
The indicator plots colored dots representing trend strength.
Color intensity reflects the magnitude of the TPI score:
Dark Green → Strong bullish alignment
Light Green → Mild bullish bias
Gray → Neutral / mixed signals
Light Red → Mild bearish bias
Dark Red → Strong bearish alignment
Horizontal reference levels:
+1.0 → Maximum bullish alignment
+0.5 → Moderate bullish bias
0.0 → Neutral
-0.5 → Moderate bearish bias
-1.0 → Maximum bearish alignment
Intended Use
TPI is designed to help traders quickly identify:
Market alignment across timeframes
Momentum confirmation
Trend strength
Potential trend transitions
It works well as a trend filter, bias indicator, or confirmation tool for discretionary strategies.
The script combines six independent components into one normalized score between -1 and +1, giving a quick visual overview of bullish or bearish strength.
The indicator is optimized to work with 15 minute trading, while also incorporating higher timeframe structure.
Core Components
1. Multi-Timeframe Market Structure (BOS / MSB)
The script builds dynamic swing highs and swing lows and detects:
BOS (Break of Structure)
MSB (Market Structure Break)
These signals determine the trend direction on:
4H
1H
15M
Each timeframe contributes to the final trend score.
2. Supertrend Bias (30m)
A 30 minute Supertrend is used as a higher timeframe trend filter.
Price above Supertrend → Bullish score
Price below Supertrend → Bearish score
3. TSI Momentum (15m)
A True Strength Index measures momentum strength.
Conditions used:
TSI above signal line
TSI above or below zero
This creates graded momentum scoring.
4. EMA Structure (15m)
Two EMAs are used:
EMA 18
EMA 36
Scoring depends on:
EMA alignment
Price position relative to both EMAs
This captures short-term directional pressure.
Final TPI Calculation
All components are averaged:
TPI = (4H trend + 1H trend + 15M trend + TSI + EMA + Supertrend) / 6
The result is a continuous score between -1 and +1.
Visualization
The indicator plots colored dots representing trend strength.
Color intensity reflects the magnitude of the TPI score:
Dark Green → Strong bullish alignment
Light Green → Mild bullish bias
Gray → Neutral / mixed signals
Light Red → Mild bearish bias
Dark Red → Strong bearish alignment
Horizontal reference levels:
+1.0 → Maximum bullish alignment
+0.5 → Moderate bullish bias
0.0 → Neutral
-0.5 → Moderate bearish bias
-1.0 → Maximum bearish alignment
Intended Use
TPI is designed to help traders quickly identify:
Market alignment across timeframes
Momentum confirmation
Trend strength
Potential trend transitions
It works well as a trend filter, bias indicator, or confirmation tool for discretionary strategies.
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Contact me in private if you need the indicatorSkrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.