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 Trend detects Supertrend direction flips on the chart timeframe and confirms them against a higher timeframe Supertrend. Optional filters require an ADX strength threshold and a volume expansion condition relative to a simple moving average. The indicator draws Supertrend lines, entry shape labels, and bar colors directly on the price chart. It also features a real-time status dashboard displaying current chart trend, higher timeframe direction, ADX values, and volume state.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
ATR length
int
10
atrLen
ATR mult
float
2.0
atrMult
HTF confirmation
timeframe
240
htf
Require ADX trend
bool
true
useAdx
ADX length
int
14
adxLen
ADX min
float
22
adxMin
Require volume expansion
bool
false
useVol
Volume SMA length
int
20
volLen
Shade trend
bool
true
showZone
Show dashboard
bool
true
showTbl
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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