OPEN-SOURCE SCRIPT
Supertrend Alignment Score — MTF Stack (v6)
Supertrend Alignment Score — MTF Stack (v6)
Aggregates up to 7 Supertrends across custom timeframes, weights them, and converts the stack into a single 0–100 alignment score (50 = neutral). Includes faint MTF ST lines, GO/NO-GO bar paints, a per-TF mini table, a live score badge, and “All TFs Up/Down” stamps. Four alert conditions included.
How it works
Pulls Supertrend from up to 7 selectable TFs (e.g., 5/15/30/60/120/240/D).
For each TF it computes:
dir = ST direction (+1 bull, −1 bear)
prox = (close − ST) / ATR (distance in ATRs)
Per-TF score = dir * (0.7 + 0.3 * clamp01(dir*prox)) * 10 → −10…+10
Scores are weighted by your TF weights (1–5), summed, then normalized to 0…100.
All TFs Up/Down triggers when every enabled TF agrees.
Visuals
Optional faint ST lines per TF (color-coded by direction).
Bar paints on GO/NO-GO thresholds (defaults: GO ≥ 70, NO-GO ≤ 30).
Badge showing live composite % and stack state.
Mini table listing each TF’s score % and note (↑/↓ plus ATR proximity).
Inputs
Supertrend: Factor & ATR Length
7 TF slots with enable toggles & weights
Display toggles: bar paints, badge, table, ST lines, line opacity
GO / NO-GO thresholds (editable)
Alerts
GO (score ≥ threshold)
NO-GO (score ≤ threshold)
ALL TFs UP
ALL TFs DOWN
(Also posts a bar-close alert message with the current %.)
Tips
Use a logical TF ladder (e.g., 5m/15m/30m/1h/2h/4h/1D).
Give higher TFs more weight if you’re trend-following.
Tune GO/NO-GO to your market & timeframe; 70/30 is a solid starting point.
Consider confluence with volume/structure before entries.
Notes
This is an analysis tool, not financial advice. Backtest & validate before live use.
Requires real-time data on higher TFs for timely MTF updates.
Aggregates up to 7 Supertrends across custom timeframes, weights them, and converts the stack into a single 0–100 alignment score (50 = neutral). Includes faint MTF ST lines, GO/NO-GO bar paints, a per-TF mini table, a live score badge, and “All TFs Up/Down” stamps. Four alert conditions included.
How it works
Pulls Supertrend from up to 7 selectable TFs (e.g., 5/15/30/60/120/240/D).
For each TF it computes:
dir = ST direction (+1 bull, −1 bear)
prox = (close − ST) / ATR (distance in ATRs)
Per-TF score = dir * (0.7 + 0.3 * clamp01(dir*prox)) * 10 → −10…+10
Scores are weighted by your TF weights (1–5), summed, then normalized to 0…100.
All TFs Up/Down triggers when every enabled TF agrees.
Visuals
Optional faint ST lines per TF (color-coded by direction).
Bar paints on GO/NO-GO thresholds (defaults: GO ≥ 70, NO-GO ≤ 30).
Badge showing live composite % and stack state.
Mini table listing each TF’s score % and note (↑/↓ plus ATR proximity).
Inputs
Supertrend: Factor & ATR Length
7 TF slots with enable toggles & weights
Display toggles: bar paints, badge, table, ST lines, line opacity
GO / NO-GO thresholds (editable)
Alerts
GO (score ≥ threshold)
NO-GO (score ≤ threshold)
ALL TFs UP
ALL TFs DOWN
(Also posts a bar-close alert message with the current %.)
Tips
Use a logical TF ladder (e.g., 5m/15m/30m/1h/2h/4h/1D).
Give higher TFs more weight if you’re trend-following.
Tune GO/NO-GO to your market & timeframe; 70/30 is a solid starting point.
Consider confluence with volume/structure before entries.
Notes
This is an analysis tool, not financial advice. Backtest & validate before live use.
Requires real-time data on higher TFs for timely MTF updates.
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.
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.
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.