OPEN-SOURCE SCRIPT
B-Xtrender MTF Companion (custom colors + zero)
B-Xtrender MTF Companion (Custom Colors + Zero)
This indicator is a multi-timeframe companion tool for the B-Xtrender system, designed to track momentum shifts across your current chart timeframe and up to two higher timeframes — all in one panel.
Key Features:
Multi-Timeframe Momentum: Plots histogram + signal line for current TF, HTF-1, and HTF-2, with independent color/offset settings for easy visual stacking.
Custom Styling: Full color and width control for bullish/bearish histograms, signal lines, and the zero line.
Smoothing Options: Choose between EMA or T3 smoothing for cleaner signals.
Momentum Flip Alerts: Built-in alert conditions for bullish or bearish flips on each timeframe.
Zero Line Control: Toggle, recolor, and restyle the zero reference line.
How It Works:
The B-Xtrender MTF Companion calculates the difference between two EMAs, applies RSI normalization, and then plots it as a centered oscillator. The signal line slope and histogram color indicate momentum direction, while higher-timeframe signals help confirm trend strength and avoid false entries.
Best Use:
Pair with price action or your primary B-Xtrender setup for trend confirmation.
Monitor higher timeframe momentum while trading intraday.
Combine alert flips with your entry rules for more timely trade triggers.
This indicator is a multi-timeframe companion tool for the B-Xtrender system, designed to track momentum shifts across your current chart timeframe and up to two higher timeframes — all in one panel.
Key Features:
Multi-Timeframe Momentum: Plots histogram + signal line for current TF, HTF-1, and HTF-2, with independent color/offset settings for easy visual stacking.
Custom Styling: Full color and width control for bullish/bearish histograms, signal lines, and the zero line.
Smoothing Options: Choose between EMA or T3 smoothing for cleaner signals.
Momentum Flip Alerts: Built-in alert conditions for bullish or bearish flips on each timeframe.
Zero Line Control: Toggle, recolor, and restyle the zero reference line.
How It Works:
The B-Xtrender MTF Companion calculates the difference between two EMAs, applies RSI normalization, and then plots it as a centered oscillator. The signal line slope and histogram color indicate momentum direction, while higher-timeframe signals help confirm trend strength and avoid false entries.
Best Use:
Pair with price action or your primary B-Xtrender setup for trend confirmation.
Monitor higher timeframe momentum while trading intraday.
Combine alert flips with your entry rules for more timely trade triggers.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Bullish above, bearish below. No thinking.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Bullish above, bearish below. No thinking.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.