OPEN-SOURCE SCRIPT
OT MTF Trend Dashboard 1.0
OT MTF Trend Dashboard 1.0, is a sophisticated trend-following system designed to filter out "market noise" and focus on high-probability entries by aligning multiple technical factors across various timeframes.
Here is a breakdown of its logic and how to trade with it.
1. The Core Components (The Logic)
The script relies on a "triple-filter" logic to generate signals:
A. OT Bot (Sensitivity Filter)
This is a custom volatility-based trailing stop (similar to a Supertrend). It uses a "Key Value" (Sensitivity) and ATR to determine the immediate trend direction.
Heikin Ashi Option: It can use Heikin Ashi candles to smooth out price action, reducing "fake-outs."
SMA 17: A yellow Simple Moving Average acts as a secondary visual baseline for the short-term trend.
B. Supertrend (Main Trend Filter)
This acts as the "Master Trend." For a signal to be valid:
Buy signals only occur when the Supertrend is in a Bullish state (Price above the line).
Sell signals only occur when the Supertrend is in a Bearish state (Price below the line).
C. ADX Filter (Strength Filter)
The Average Directional Index (ADX) measures trend strength, not direction.
Active Range: The script only triggers signals when the ADX is between 15 and 45.
Logic: If ADX < 15, the market is too flat (choppy). If ADX > 45, the trend might be overextended and due for a reversal.
2. The Multi-Timeframe (MTF) Dashboard
The table on your screen is a Confirmation Hub. It looks at timeframes from 1 minute (1m) to 1 week (1W) using the following logic:
Trend Column: Uses EMA 20 and EMA 50 crossovers combined with price slope.
Green (Up): Fast EMA > Slow EMA + Positive Slope.
Red (Down): Fast EMA < Slow EMA + Negative Slope.
Gray (Side): No clear trend or low momentum.
ADX Column: Shows the trend strength for each specific timeframe.
Green: Trending (15–45).
Red: Not trending (below 15 or above 45).
3. How to Trade with this Indicator
Buying Strategy (Long)
Wait for the 'Buy' Label: This appears when the OT Bot flips bullish, the Supertrend is already bullish, and the ADX is in the "Goldilocks" zone (15–45).
Dashboard Confirmation: Look at the MTF Dashboard. Ideally, the AVG (Average) row and the timeframes higher than your current chart should be Green (Up).
Entry: Enter on the close of the candle where the "Buy" label appears.
Stop Loss: Place your stop loss slightly below the Supertrend Line or the OT Trailing Stop line.
Selling Strategy (Short)
Wait for the 'Sell' Label: This appears when the OT Bot flips bearish, the Supertrend is already bearish, and ADX is between 15–45.
Dashboard Confirmation: Ensure the MTF Dashboard shows Red (Down) on higher timeframes and the AVG row.
Entry: Enter on the close of the candle where the "Sell" label appears.
Stop Loss: Place your stop loss slightly above the Supertrend Line.
4. Pro-Tips for Success
The Power of "AVG": Never trade against the AVG Trend on the dashboard. If you are on a 5m chart but the AVG Trend is "Down," skip the "Buy" signals.
Confluence is King: The best trades happen when the Trend color and the ADX color on the dashboard are both Green across multiple timeframes.
Avoid "Side" Markets: If the dashboard is mostly Gray (Side), the market is ranging. This is where most trend-following indicators lose money. Wait for the dashboard to show a clear direction.
Yellow Line (SMA 17): Use this as a trailing exit. If price closes significantly on the "wrong" side of the yellow line, it may be time to take profits before the main signal flips.
Here is a breakdown of its logic and how to trade with it.
1. The Core Components (The Logic)
The script relies on a "triple-filter" logic to generate signals:
A. OT Bot (Sensitivity Filter)
This is a custom volatility-based trailing stop (similar to a Supertrend). It uses a "Key Value" (Sensitivity) and ATR to determine the immediate trend direction.
Heikin Ashi Option: It can use Heikin Ashi candles to smooth out price action, reducing "fake-outs."
SMA 17: A yellow Simple Moving Average acts as a secondary visual baseline for the short-term trend.
B. Supertrend (Main Trend Filter)
This acts as the "Master Trend." For a signal to be valid:
Buy signals only occur when the Supertrend is in a Bullish state (Price above the line).
Sell signals only occur when the Supertrend is in a Bearish state (Price below the line).
C. ADX Filter (Strength Filter)
The Average Directional Index (ADX) measures trend strength, not direction.
Active Range: The script only triggers signals when the ADX is between 15 and 45.
Logic: If ADX < 15, the market is too flat (choppy). If ADX > 45, the trend might be overextended and due for a reversal.
2. The Multi-Timeframe (MTF) Dashboard
The table on your screen is a Confirmation Hub. It looks at timeframes from 1 minute (1m) to 1 week (1W) using the following logic:
Trend Column: Uses EMA 20 and EMA 50 crossovers combined with price slope.
Green (Up): Fast EMA > Slow EMA + Positive Slope.
Red (Down): Fast EMA < Slow EMA + Negative Slope.
Gray (Side): No clear trend or low momentum.
ADX Column: Shows the trend strength for each specific timeframe.
Green: Trending (15–45).
Red: Not trending (below 15 or above 45).
3. How to Trade with this Indicator
Buying Strategy (Long)
Wait for the 'Buy' Label: This appears when the OT Bot flips bullish, the Supertrend is already bullish, and the ADX is in the "Goldilocks" zone (15–45).
Dashboard Confirmation: Look at the MTF Dashboard. Ideally, the AVG (Average) row and the timeframes higher than your current chart should be Green (Up).
Entry: Enter on the close of the candle where the "Buy" label appears.
Stop Loss: Place your stop loss slightly below the Supertrend Line or the OT Trailing Stop line.
Selling Strategy (Short)
Wait for the 'Sell' Label: This appears when the OT Bot flips bearish, the Supertrend is already bearish, and ADX is between 15–45.
Dashboard Confirmation: Ensure the MTF Dashboard shows Red (Down) on higher timeframes and the AVG row.
Entry: Enter on the close of the candle where the "Sell" label appears.
Stop Loss: Place your stop loss slightly above the Supertrend Line.
4. Pro-Tips for Success
The Power of "AVG": Never trade against the AVG Trend on the dashboard. If you are on a 5m chart but the AVG Trend is "Down," skip the "Buy" signals.
Confluence is King: The best trades happen when the Trend color and the ADX color on the dashboard are both Green across multiple timeframes.
Avoid "Side" Markets: If the dashboard is mostly Gray (Side), the market is ranging. This is where most trend-following indicators lose money. Wait for the dashboard to show a clear direction.
Yellow Line (SMA 17): Use this as a trailing exit. If price closes significantly on the "wrong" side of the yellow line, it may be time to take profits before the main signal flips.
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ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
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สคริปต์โอเพนซอร์ซ
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน