OPEN-SOURCE SCRIPT
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)
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.