PROTECTED SOURCE SCRIPT
AlphaConsensus Meter - Multi-Timeframe Trend Consensus
🎯 AlphaConsensus Meter
The Problem Every Trader Faces:
You're looking at a 1-hour chart showing strong bullish momentum, but is the daily trend aligned? What about the 4-hour? Most traders guess.
The Solution:
This indicator combines trend strength across 4 customizable timeframes into a single consensus score (0-100). When all your chosen timeframes align above 70, you have maximum confidence. When they conflict, you know to be cautious.
🔥 Key Features:
✅ Fully Customizable Timeframes - Choose ANY 4 timeframes that match your trading style
✅ Multi-Component Analysis - Combines ADX strength, EMA alignment, and momentum slope
✅ Professional Table Display - See individual timeframe scores + overall consensus
✅ Clean Chart Interface - No clutter, just actionable intelligence
✅ Smart Alerts - Get notified when consensus enters key zones
✅ Universal Compatibility - Works on all markets: Forex, Crypto, Stocks, Commodities
📊 How It Works:
The indicator calculates trend consensus using three proven components:
ADX (40%) - Pure trend strength measurement
Trend Direction (40%) - Price vs EMA positioning
Momentum (20%) - Rate of trend acceleration
Each timeframe gets scored 0-100, then combined for your overall consensus reading.
🎨 Color-Coded Zones:
🟢 70-100: STRONG CONSENSUS - High-confidence trend continuation zone
🟡 30-70: MIXED SIGNALS - Conflicting timeframes, trade with caution
🔴 0-30: WEAK CONSENSUS - Low conviction, consider range-bound strategies
💡Tips:
Day Traders: Use 1m, 5m, 15m, 1H timeframes
Swing Traders: Use 1H, 4H, 1D, 1W timeframes
Position Traders: Use 4H, 1D, 1W, 1M timeframes
Best Setups: All 4 timeframes showing 70+ consensus (green)
Avoid: Mixed signals with conflicting colors
⚡ Default Setup:
Timeframe 1: Current chart period
Timeframe 2: 60 minutes
Timeframe 3: 240 minutes (4H)
Timeframe 4: Daily
🚀 Why This Indicator Works:
Most traders focus on single timeframes and miss the bigger picture. This tool gives you the multi-timeframe consensus packaged in a clean, easy-to-read format.
📈 Perfect For:
Confirming trend continuation setups
Identifying high-probability entry zones
Avoiding false breakouts with weak consensus
Building multi-timeframe confluence
⚠️ Disclaimer: This is for educational purposes. Past performance doesn't guarantee future results. Always use proper risk management.
The Problem Every Trader Faces:
You're looking at a 1-hour chart showing strong bullish momentum, but is the daily trend aligned? What about the 4-hour? Most traders guess.
The Solution:
This indicator combines trend strength across 4 customizable timeframes into a single consensus score (0-100). When all your chosen timeframes align above 70, you have maximum confidence. When they conflict, you know to be cautious.
🔥 Key Features:
✅ Fully Customizable Timeframes - Choose ANY 4 timeframes that match your trading style
✅ Multi-Component Analysis - Combines ADX strength, EMA alignment, and momentum slope
✅ Professional Table Display - See individual timeframe scores + overall consensus
✅ Clean Chart Interface - No clutter, just actionable intelligence
✅ Smart Alerts - Get notified when consensus enters key zones
✅ Universal Compatibility - Works on all markets: Forex, Crypto, Stocks, Commodities
📊 How It Works:
The indicator calculates trend consensus using three proven components:
ADX (40%) - Pure trend strength measurement
Trend Direction (40%) - Price vs EMA positioning
Momentum (20%) - Rate of trend acceleration
Each timeframe gets scored 0-100, then combined for your overall consensus reading.
🎨 Color-Coded Zones:
🟢 70-100: STRONG CONSENSUS - High-confidence trend continuation zone
🟡 30-70: MIXED SIGNALS - Conflicting timeframes, trade with caution
🔴 0-30: WEAK CONSENSUS - Low conviction, consider range-bound strategies
💡Tips:
Day Traders: Use 1m, 5m, 15m, 1H timeframes
Swing Traders: Use 1H, 4H, 1D, 1W timeframes
Position Traders: Use 4H, 1D, 1W, 1M timeframes
Best Setups: All 4 timeframes showing 70+ consensus (green)
Avoid: Mixed signals with conflicting colors
⚡ Default Setup:
Timeframe 1: Current chart period
Timeframe 2: 60 minutes
Timeframe 3: 240 minutes (4H)
Timeframe 4: Daily
🚀 Why This Indicator Works:
Most traders focus on single timeframes and miss the bigger picture. This tool gives you the multi-timeframe consensus packaged in a clean, easy-to-read format.
📈 Perfect For:
Confirming trend continuation setups
Identifying high-probability entry zones
Avoiding false breakouts with weak consensus
Building multi-timeframe confluence
⚠️ Disclaimer: This is for educational purposes. Past performance doesn't guarantee future results. Always use proper risk management.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.