How to use this indicator depends on you as the trader, how to best utilize this objectively is to apply it as confluence to your analysis.
- Confluence Squares | This is can be used as a way of a trend bias. When both top and bottom have the same color, then look for buy or sell opportunities in the given direction. | Top squares are faster at changing than the bottom
- MTT | MTT is an additional form of current trend analysis. This can be used as a way of trading while following the current trend on whichever timeframe. | If all are green, then we are fully bullish. Vice-versa, if they are blood red, bearish market.
Disclaimer
This by no means is a guaranteed signal. These should be used as confluence to your own technical/ fundamental analysis. Do not rely on this solely unless you know what you are doing.
These indicators were pulled and modified from existing indicators and adjusted to our personal preferences. There are custom inputs for those to adjust to their own liking.
How to Get Access
To get access please send me a private message via TradingView.
הערות שחרור
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{Update}
Fix issues with the timeframe tab not properly matching when switching to different timeframes.
Cleaned up the code even more, also updated the default color scheme.