MTF Confluence Engine is a separate-pane indicator that evaluates trend, momentum, and volatility metrics across the current chart timeframe and two configurable higher timeframes.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
MTF Confluence Engine combines EMA alignment, SuperTrend direction, RSI values, Bollinger and Keltner Squeeze states, and volume moving averages into composite confluence scores. Users can adjust timeframes, weights, and period lengths for each component. Because it reads forming higher-timeframe bars, values on unclosed higher-timeframe periods update in real time.
Multi-timeframe confluence evaluation
Weighted composite trend and momentum scoring
EMA alignment and SuperTrend trend tracking
Bollinger and Keltner squeeze identification
Configurable timeframe weights and component lengths
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Higher TF 1
timeframe
60
htf1
Higher TF 2
timeframe
240
htf2
Chart TF weight
float
0.5
wChart
Higher TF 1 weight
float
0.3
wHtf1
Higher TF 2 weight
float
0.2
wHtf2
Fast EMA
int
3
ema1Len
Signal EMA
int
8
ema2Len
Trend EMA
int
21
ema3Len
Baseline EMA
int
55
ema4Len
ST ATR Length
int
10
stAtrLen
ST Factor
float
3.0
stFactor
RSI Length
int
14
rsiLen
Show all 17 settings
Setting
Type
Default
Variable
BB Length
int
20
bbLen
BB Mult
float
2.0
bbMult
KC Length
int
20
kcLen
KC Mult
float
1.5
kcMult
Volume MA Length
int
20
volLen
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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