Trend Probabilty Indicator - MultiTimeFrame (MTF TPI)

Thank you @lukas.nie and DerozBeats for your help with stacking the library!

The Ultimate TPI

the FINAL TPI SCORE is plotted on the chart (Between -1 and 1). (Small number on the right hand side).

Shows the aggregated score of 3 different timeframes plus the total score of all 3 in the Total TPI Score Table Cell.

There has been a lot of mods to this, and the description is roughly accurate. Check it out and learn how it works. If you have any questions hit me up.

LFG!!!

Notes de version

Updated some plotting and calculation issues. Next up: Calibrating time coherency for optimal results.

Notes de version

Updates to allow the indicator to choose between the chart ticker or the ticker in the user settings.

Timeframe is always FIXED at 1D, 2D, 4D for each respective table.

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Code Cleanup...thank you Back

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Updated signals. Less quick, more coherent.

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Updated to allow for customizable Timeframes.

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If an Indicator returns a NaN instead of a value, it produces a score of 0.

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Added a RoC plot for previous day's candle vs current, with a user setting to remove the plot if wanted.

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Updated to the TITS!

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Inspiration from Koro and Investingmaster's "Ultimate System"

TPI FINAL PLOT includes the total TPI AVG, averaged alongside salxx's EMA Bands and Back's VWMA.

Final plot is now a histogram of RoC. the RoC tables are calculated from final plot and not total TPI score.

Includes the option to add correlation to the final TPI score. Correlation has 3 timeframes and 5 tickers. Fuck around and find out.

FINAL TPI Score is weighted like this: TPIx2. EMAx1. VWMAx1. Correlationx1 (if turned on).

This TPI also includes an RSI for Relative Strength, Volume and Sentiment. It has a sentiment zone oscillator built in for a general sentiment reading. A Volume Trend Indicator built in for general volume reading. The 9 and 21 day EMA bands are calculated as the distance between each other compared to the overall asset price. This is plotted in the Relative Strength % Table Cell. Use this number to compare against other assets to determine relative strength. The higher the number, the higher the relative strength.

Notes de version

Now you can choose what factors to include into the final score.

You can also set your own weightings for each factor.

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Updated Library.

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Fixed RoC calculations.

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Fixed some color coded plotting issues

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Updated with the ability to add weightings to each table. Disable or enable any indicators, and add weighting to the oscillators. Removed the EMA, SMA and VWMA indicators from the final TPI value. It is now strictly an MTF TPI with customizable weightings and enablers. Still kept the dashboard that displays Relative Strength, Volume, Sentiment and RoC as a visual aid.

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Fixed repainting issue.

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Script open-source

Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.

RWCS_LTD

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Script open-source

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