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MovTrend Pullback System
What it is: A trend-following 5 minute indicator built around a linear regression trend line ("MovTrend") with ATR-based volatility bands. It generates four distinct signal types, each answering a different question about price action relative to the trend.
Core components
MovTrend Line (MT) — A linear regression line (ta.linreg) plotted over price, colored by direction: green when sloping up, red when sloping down, gray when flat. This is the trend backbone everything else references.
Slope — The MT line's rate of change over a lookback window, plotted as a histogram in the lower pane. Crossing above/below configurable thresholds marks a "confirmed" up or down trend (green/red bars); values between thresholds are a gray "no-trade zone" where the trend isn't strong enough to trust.
ATR Bands — Upper/lower bands plotted around the MT line at a multiple of ATR, representing a "normal" volatility envelope. Price moving outside these bands is considered stretched/overextended relative to the trend.
The four signals
🟢 Buy Dot / 🔴 Sell Dot (Pullback Touch)
Fires when price dips down and touches the MT line during a confirmed uptrend (buy), or pokes up and touches it during a downtrend (sell), then closes back in the trend's favor. This is the core "buy the dip / sell the rip" signal — a shallow pullback to the trend line that holds.
🟡 Stretch Dot (Mean-Reversion Warning)
Fires when price closes outside the ATR bands — i.e., stretched further from the trend line than normal volatility would suggest. Dot size scales with how extreme the stretch is (tiny = mild, small = moderate, orange/normal = extreme), giving you an at-a-glance read on how overextended price is. This isn't a reversal signal on its own — it's a caution flag that price may be due to snap back toward the MT line. It's filtered by:
Volatility regime — suppressed during low-volatility chop, since a "stretch" in dead conditions is less meaningful
FVG confluence — checks if price is near a fair value gap, adding context to the stretch
Volume — requires above-average volume to confirm real participation, not just a thin drift
Slope deceleration — confirms the trend itself is actually losing momentum, not just that price poked outside the band
🔷 Trend Continuation Diamond (cyan up / magenta down)
Fires on a high-volume push with the trend, away from the MT line — meant to catch strong continuation moves the pullback-touch signal misses (since it only fires on touches, not on strength). It's built specifically to avoid firing at exhaustion tops/bottoms by requiring:
Volume that is not the largest in the recent lookback window (avoids climactic blow-off bars)
Slope that's still accelerating, not flattening
A cooldown between diamonds so one strong leg doesn't spam multiple signals
Filters that apply across signals
Session filter — dims the chart and can gate signals outside your configured trading hours, since overnight/thin-liquidity behavior isn't comparable to regular session action
MTF confirmation — optionally requires a higher timeframe's slope to agree before a buy/sell touch fires, filtering out signals that look right locally but fight the bigger picture
Signal conflict resolution — a Trend Continuation diamond won't fire on the same bar as a Buy/Sell touch, avoiding mixed signals
Performance tracking table
How to read it together
The intended workflow: use the MT line + slope histogram to establish trend context, take Buy/Sell touches as primary pullback entries in the direction of that trend, treat Stretch dots as a caution/take-profit signal rather than a new entry, and use Continuation diamonds as confirmation that a trend still has legs when you're already in a position or considering adding.
Core components
MovTrend Line (MT) — A linear regression line (ta.linreg) plotted over price, colored by direction: green when sloping up, red when sloping down, gray when flat. This is the trend backbone everything else references.
Slope — The MT line's rate of change over a lookback window, plotted as a histogram in the lower pane. Crossing above/below configurable thresholds marks a "confirmed" up or down trend (green/red bars); values between thresholds are a gray "no-trade zone" where the trend isn't strong enough to trust.
ATR Bands — Upper/lower bands plotted around the MT line at a multiple of ATR, representing a "normal" volatility envelope. Price moving outside these bands is considered stretched/overextended relative to the trend.
The four signals
🟢 Buy Dot / 🔴 Sell Dot (Pullback Touch)
Fires when price dips down and touches the MT line during a confirmed uptrend (buy), or pokes up and touches it during a downtrend (sell), then closes back in the trend's favor. This is the core "buy the dip / sell the rip" signal — a shallow pullback to the trend line that holds.
🟡 Stretch Dot (Mean-Reversion Warning)
Fires when price closes outside the ATR bands — i.e., stretched further from the trend line than normal volatility would suggest. Dot size scales with how extreme the stretch is (tiny = mild, small = moderate, orange/normal = extreme), giving you an at-a-glance read on how overextended price is. This isn't a reversal signal on its own — it's a caution flag that price may be due to snap back toward the MT line. It's filtered by:
Volatility regime — suppressed during low-volatility chop, since a "stretch" in dead conditions is less meaningful
FVG confluence — checks if price is near a fair value gap, adding context to the stretch
Volume — requires above-average volume to confirm real participation, not just a thin drift
Slope deceleration — confirms the trend itself is actually losing momentum, not just that price poked outside the band
🔷 Trend Continuation Diamond (cyan up / magenta down)
Fires on a high-volume push with the trend, away from the MT line — meant to catch strong continuation moves the pullback-touch signal misses (since it only fires on touches, not on strength). It's built specifically to avoid firing at exhaustion tops/bottoms by requiring:
Volume that is not the largest in the recent lookback window (avoids climactic blow-off bars)
Slope that's still accelerating, not flattening
A cooldown between diamonds so one strong leg doesn't spam multiple signals
Filters that apply across signals
Session filter — dims the chart and can gate signals outside your configured trading hours, since overnight/thin-liquidity behavior isn't comparable to regular session action
MTF confirmation — optionally requires a higher timeframe's slope to agree before a buy/sell touch fires, filtering out signals that look right locally but fight the bigger picture
Signal conflict resolution — a Trend Continuation diamond won't fire on the same bar as a Buy/Sell touch, avoiding mixed signals
Performance tracking table
How to read it together
The intended workflow: use the MT line + slope histogram to establish trend context, take Buy/Sell touches as primary pullback entries in the direction of that trend, treat Stretch dots as a caution/take-profit signal rather than a new entry, and use Continuation diamonds as confirmation that a trend still has legs when you're already in a position or considering adding.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.