OPEN-SOURCE SCRIPT
Dot Trend - Macketing
DOT TRENDS (5x Multi-Timeframe Consensus Filter)
Description:
The DOT TRENDS indicator is a powerful, highly customizable tool designed to provide a clear, aggregated view of trend direction across five distinct timeframes (TFs). It uses an advanced ATR-based trailing mechanism coupled with an optional MACD filter to generate reliable trend signals, making multi-timeframe analysis simple and non-cluttered.
This indicator is ideal for scalpers and day traders who need immediate confirmation that market momentum aligns across various horizons (e.g., 1m, 5m, 15m, 1h).
Key Features:
5-Tier Trend Alignment: Track the trend across five fully customizable timeframes simultaneously (Default: 1m, 5m, 10m, 15m, 60m).
Clean Visual Design: Trends are represented by large, clear dots (Green for Bullish, Red for Bearish) in a dedicated sub-panel, free from chart clutter.
Consensus Row (NEW!): A dedicated bottom row displays the overall consensus. It signals a strong institutional trend (Muted Green/Red) only when 4 out of 5 timeframes agree.
MACD Momentum Filter: An optional feature that detects divergence/weakness. If the primary ATR trend is Bullish, but the MACD Histogram is negative, the dot turns Yellow—warning of a potential reversal or pause.
Dot Plot Frequency Filter: Custom setting (plotFrequency) to reduce visual noise by only drawing dots every N bars, keeping the panel clean when zoomed out.
Companion Chart Markers (Separate Script): A companion script is available to plot visual markers directly onto the main price chart when a perfect 5/5 consensus is reached.
How to Use It:
Green Dot: Strong Bullish Trend on that specific timeframe.
Red Dot: Strong Bearish Trend on that specific timeframe.
Yellow Dot (If Filter Active): Trend is confirmed, but momentum is fading (MACD disagreement).
Consensus Row (Bottom): Use as a primary confirmation filter. Only trade in the direction indicated by the Consensus row's color.
Technical Note:
The core trend logic is a custom, recursive ATR-based mechanism (similar to SuperTrend) known for its stability and lag-free signal generation.
Description:
The DOT TRENDS indicator is a powerful, highly customizable tool designed to provide a clear, aggregated view of trend direction across five distinct timeframes (TFs). It uses an advanced ATR-based trailing mechanism coupled with an optional MACD filter to generate reliable trend signals, making multi-timeframe analysis simple and non-cluttered.
This indicator is ideal for scalpers and day traders who need immediate confirmation that market momentum aligns across various horizons (e.g., 1m, 5m, 15m, 1h).
Key Features:
5-Tier Trend Alignment: Track the trend across five fully customizable timeframes simultaneously (Default: 1m, 5m, 10m, 15m, 60m).
Clean Visual Design: Trends are represented by large, clear dots (Green for Bullish, Red for Bearish) in a dedicated sub-panel, free from chart clutter.
Consensus Row (NEW!): A dedicated bottom row displays the overall consensus. It signals a strong institutional trend (Muted Green/Red) only when 4 out of 5 timeframes agree.
MACD Momentum Filter: An optional feature that detects divergence/weakness. If the primary ATR trend is Bullish, but the MACD Histogram is negative, the dot turns Yellow—warning of a potential reversal or pause.
Dot Plot Frequency Filter: Custom setting (plotFrequency) to reduce visual noise by only drawing dots every N bars, keeping the panel clean when zoomed out.
Companion Chart Markers (Separate Script): A companion script is available to plot visual markers directly onto the main price chart when a perfect 5/5 consensus is reached.
How to Use It:
Green Dot: Strong Bullish Trend on that specific timeframe.
Red Dot: Strong Bearish Trend on that specific timeframe.
Yellow Dot (If Filter Active): Trend is confirmed, but momentum is fading (MACD disagreement).
Consensus Row (Bottom): Use as a primary confirmation filter. Only trade in the direction indicated by the Consensus row's color.
Technical Note:
The core trend logic is a custom, recursive ATR-based mechanism (similar to SuperTrend) known for its stability and lag-free signal generation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.