OPEN-SOURCE SCRIPT
TRADION Multi Trend Engine
TRADION Multi Trend Engine
TRADION Multi Trend Engine is a multi-layer trend-following indicator designed to measure the overall market direction and trend strength by combining multiple trend analysis methods into a single consensus-based system.
The indicator evaluates Classic Trend Structure, Linear Regression, Logarithmic Trend, SuperTrend, and Hull Moving Average simultaneously. Each enabled method contributes bullish or bearish signals, which are combined into an overall trend consensus.
Trend Analysis Methods
Classic Trend
Analyzes price structure using confirmed pivot highs and pivot lows.
Higher lows indicate a bullish trend.
Lower highs indicate a bearish trend.
Confirmed structures are displayed as dynamic trend lines on the chart.
Linear Regression
Calculates the linear price trend over the selected period.
In addition to the regression line, the indicator plots upper and lower deviation bands based on the standard deviation.
Price above a rising regression line indicates a bullish trend.
Price below a falling regression line indicates a bearish trend.
Logarithmic Trend
Evaluates price movements using a logarithmic scale, providing a more balanced trend analysis, especially for long-term charts or assets with significant percentage price changes.
SuperTrend
Uses ATR-based volatility calculations to determine the primary market trend.
Green SuperTrend: Bullish trend
Red SuperTrend: Bearish trend
Hull Trend
Uses the Hull Moving Average to identify market direction with reduced lag.
Rising Hull MA with price above the average indicates a bullish trend.
Falling Hull MA with price below the average indicates a bearish trend.
Consensus Scoring System
Each enabled trend method independently contributes either a bullish or bearish score.
The indicator calculates an overall consensus and classifies the market into one of the following conditions:
STRONG BUY – Bullish consensus of 80% or higher
BUY – Bullish consensus between 60% and 79%
READY BUY – Bullish consensus between 50% and 59%
STRONG SELL – Bearish consensus of 80% or higher
SELL – Bearish consensus between 60% and 79%
READY SELL – Bearish consensus between 50% and 59%
WAIT – No clear directional consensus
The dashboard located in the upper-right corner displays the Bull Score, Bear Score, and the current status of every active trend method.
Buy & Sell Signals
The BUY and SELL labels are generated when both the Linear Regression and Logarithmic Trend confirm the same directional breakout.
BUY Signal
Generated when price moves above both the Linear Regression line and the Logarithmic Trend line for the first time.
SELL Signal
Generated when price moves below both the Linear Regression line and the Logarithmic Trend line for the first time.
Signals are generated only on the initial breakout. As long as price remains within the same trend region, no additional labels are created.
Dashboard
The built-in dashboard displays:
Overall Trend Status
Bull Score
Bear Score
Classic Trend Direction
Linear Regression Direction
Logarithmic Trend Direction
SuperTrend Direction
Hull Trend Direction
The dashboard supports a compact mobile mode, and both text and background colors can be customized.
Alert Conditions
The indicator includes the following alert conditions:
TRADION Strong Buy
TRADION Strong Sell
TRADION Buy
TRADION Sell
To reduce temporary intrabar signals, it is recommended to configure PulseWire alerts using the "Once Per Bar Close" option.
Recommended Usage
TRADION Multi Trend Engine is designed as a trend confirmation and market analysis tool, rather than a standalone automated trading system.
For better decision-making, signals should be combined with:
Support and Resistance
Volume Analysis
Market Structure
Momentum Analysis
Proper Risk Management
Lower timeframes may produce more market noise and a higher number of signals, while medium and higher timeframes generally provide more reliable trend identification.
Technical Note
The Classic Trend module is based on confirmed pivot highs and lows. Since pivot confirmation requires future bars, trend lines are plotted only after the selected pivot sensitivity has been confirmed.
Disclaimer
This indicator is intended for technical analysis and educational purposes only. It does not provide financial or investment advice and should not be interpreted as a recommendation to buy or sell any financial instrument.
Past performance does not guarantee future results. Always conduct your own analysis and apply appropriate risk management, position sizing, and stop-loss strategies before making trading decisions.
TRADION Multi Trend Engine is a multi-layer trend-following indicator designed to measure the overall market direction and trend strength by combining multiple trend analysis methods into a single consensus-based system.
The indicator evaluates Classic Trend Structure, Linear Regression, Logarithmic Trend, SuperTrend, and Hull Moving Average simultaneously. Each enabled method contributes bullish or bearish signals, which are combined into an overall trend consensus.
Trend Analysis Methods
Classic Trend
Analyzes price structure using confirmed pivot highs and pivot lows.
Higher lows indicate a bullish trend.
Lower highs indicate a bearish trend.
Confirmed structures are displayed as dynamic trend lines on the chart.
Linear Regression
Calculates the linear price trend over the selected period.
In addition to the regression line, the indicator plots upper and lower deviation bands based on the standard deviation.
Price above a rising regression line indicates a bullish trend.
Price below a falling regression line indicates a bearish trend.
Logarithmic Trend
Evaluates price movements using a logarithmic scale, providing a more balanced trend analysis, especially for long-term charts or assets with significant percentage price changes.
SuperTrend
Uses ATR-based volatility calculations to determine the primary market trend.
Green SuperTrend: Bullish trend
Red SuperTrend: Bearish trend
Hull Trend
Uses the Hull Moving Average to identify market direction with reduced lag.
Rising Hull MA with price above the average indicates a bullish trend.
Falling Hull MA with price below the average indicates a bearish trend.
Consensus Scoring System
Each enabled trend method independently contributes either a bullish or bearish score.
The indicator calculates an overall consensus and classifies the market into one of the following conditions:
STRONG BUY – Bullish consensus of 80% or higher
BUY – Bullish consensus between 60% and 79%
READY BUY – Bullish consensus between 50% and 59%
STRONG SELL – Bearish consensus of 80% or higher
SELL – Bearish consensus between 60% and 79%
READY SELL – Bearish consensus between 50% and 59%
WAIT – No clear directional consensus
The dashboard located in the upper-right corner displays the Bull Score, Bear Score, and the current status of every active trend method.
Buy & Sell Signals
The BUY and SELL labels are generated when both the Linear Regression and Logarithmic Trend confirm the same directional breakout.
BUY Signal
Generated when price moves above both the Linear Regression line and the Logarithmic Trend line for the first time.
SELL Signal
Generated when price moves below both the Linear Regression line and the Logarithmic Trend line for the first time.
Signals are generated only on the initial breakout. As long as price remains within the same trend region, no additional labels are created.
Dashboard
The built-in dashboard displays:
Overall Trend Status
Bull Score
Bear Score
Classic Trend Direction
Linear Regression Direction
Logarithmic Trend Direction
SuperTrend Direction
Hull Trend Direction
The dashboard supports a compact mobile mode, and both text and background colors can be customized.
Alert Conditions
The indicator includes the following alert conditions:
TRADION Strong Buy
TRADION Strong Sell
TRADION Buy
TRADION Sell
To reduce temporary intrabar signals, it is recommended to configure PulseWire alerts using the "Once Per Bar Close" option.
Recommended Usage
TRADION Multi Trend Engine is designed as a trend confirmation and market analysis tool, rather than a standalone automated trading system.
For better decision-making, signals should be combined with:
Support and Resistance
Volume Analysis
Market Structure
Momentum Analysis
Proper Risk Management
Lower timeframes may produce more market noise and a higher number of signals, while medium and higher timeframes generally provide more reliable trend identification.
Technical Note
The Classic Trend module is based on confirmed pivot highs and lows. Since pivot confirmation requires future bars, trend lines are plotted only after the selected pivot sensitivity has been confirmed.
Disclaimer
This indicator is intended for technical analysis and educational purposes only. It does not provide financial or investment advice and should not be interpreted as a recommendation to buy or sell any financial instrument.
Past performance does not guarantee future results. Always conduct your own analysis and apply appropriate risk management, position sizing, and stop-loss strategies before making trading decisions.
Open-source script
In true PulseWire 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.
Telegram Grup :
X :@GokkurtSeyit
Öğrenmek için asla geç değildir.
Malcolm Forbes
X :@GokkurtSeyit
Öğrenmek için asla geç değildir.
Malcolm Forbes
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 PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire 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.
Telegram Grup :
X :@GokkurtSeyit
Öğrenmek için asla geç değildir.
Malcolm Forbes
X :@GokkurtSeyit
Öğrenmek için asla geç değildir.
Malcolm Forbes
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 PulseWire. Read more in the Terms of Use.