INVITE-ONLY SCRIPT

Innotrade ATR & RSI MTF

29
Get an instant, multi-timeframe overview of market volatility (ATR) and momentum (RSI) in a single, clean, and fully customizable dashboard on your chart. Stop switching between timeframes and indicators—see the full picture at a glance!

Key Features:

Unified Dashboard: Combines two of the most powerful indicators, ATR and RSI, into one compact table.

Multi-Timeframe (MTF) Analysis: Monitor up to 6 user-defined timeframes simultaneously, from 1 minute to the daily chart.

Advanced ATR Volatility Analysis:

ATR: The baseline average true range.

Current Range: The real-time range of the current bar.

Range %: The most crucial metric! Instantly see if the current volatility (Range) is exceeding its recent average (ATR). Red indicates expanding volatility, while green shows it's within the norm.

Actionable RSI Momentum Status: This isn't your standard RSI. Instead of just "overbought/oversold," it provides five clear states:

Bull Trend: RSI is above 50 and its SMA (strong upward momentum).

Bear Trend: RSI is below 50 and its SMA (strong downward momentum).

Bullish Cross: RSI has just crossed up through its SMA below 50 (potential reversal signal).

Bearish Cross: RSI has just crossed down through its SMA above 50 (potential reversal signal).

Neutral: The RSI is not in a decisive state.

Fully Customizable:

Choose any 6 timeframes you want to monitor.

Manually change the colors for every RSI status to match your chart theme.

Position the dashboard in any corner of your chart.

Integrated Alerts: Get notified of key market events without staring at the screen. Create alerts for:

Volatility Breakouts: When a timeframe's range exceeds its ATR.

RSI Status Changes: When a timeframe's momentum state shifts (e.g., from "Bear Trend" to "Bullish Cross").

How to Use This Dashboard

This tool is designed to provide high-level context and improve your decision-making. Here are a few ways to use it:

Confluence & High-Probability Setups:
Look for alignment across multiple timeframes. A "Bullish Cross" on the 15M, 30M, and 1H charts is a much more powerful signal than one appearing in isolation.

Volatility Confirmation for Breakouts:
Did you just get a "Bullish Cross" signal? Check the ATR section. If the Range % is also turning red and pushing above 100%, it confirms that volatility is expanding in the direction of your signal, adding conviction to the trade.

Trend-Following & Exit Timing:
If you are in a long trade, you can hold it with more confidence as long as the higher timeframes remain in a "Bull Trend" status. If you start seeing "Bearish Cross" signals appear on your entry timeframe and then on higher ones, it could be an early warning to tighten your stop-loss or take partial profits.

Risk Management:
If you see that the Range % is extremely high (e.g., >200%) across most timeframes, it indicates a period of extreme, unpredictable volatility. This might be a good time to reduce your position size or wait for the market to calm down.

Settings Explained

Display Options: Show/hide the table and choose its location.

Dashboard Settings: Tweak the calculation lengths for both ATR and RSI.

RSI Color Settings: Your personal color palette! Click any color to customize the look of the RSI status cells.

Timeframes: Define the 6 timeframes that are most important to your trading strategy.

Alert Settings: Enable or disable alerts for ATR and RSI, and select which timeframes should trigger them.

Disclaimer: This is an analysis tool, not a financial signal generator. Always use proper risk management and do not trade based solely on the output of one indicator.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。