OPEN-SOURCE SCRIPT
ATK / DEF MTF Analysis Chameleon Combo Session
ATK / DEF MTF Analysis Chameleon Combo Session is a multi-timeframe market observation and visualization tool designed to examine the broader market environment through several independent analytical dimensions.
Unlike traditional single-indicator analysis, this framework combines **MTF Process, MTF Radar, Test Depth Matrix, MTF Direction, and an independent Chameleon MA** into one structured dashboard.
### Core Components
**MTF Process**
Observes changes in higher-timeframe ADX and RSI conditions and classifies the current market process into different states, from accelerating conditions to sideways or declining conditions.
**MTF Radar**
Combines ADX, RSI, and relative ATR to describe the current level of market activity and volatility.
**Test Depth Matrix**
Divides the selected MTF price range into five relative zones:
* Deep Water
* Mid Water
* Shallow Water
* Shallows
* Dry Zone
This provides a visual representation of where the observed market environment is positioned within its selected range.
**MTF Direction**
Uses EMA structure together with DI+ / DI− relationships to classify the directional condition of the selected timeframe.
**Chameleon MA**
The Chameleon component is independently configured and is **not tied to the MTF timeframe setting**. Its moving-average line changes visual state according to its position within the Test Depth Matrix, creating a dynamic zone-based visual layer.
**MTF Final Result**
Combines the independent MTF Process, Radar, Test Depth, and Direction classifications into a normalized composite score for observing the overall market state.
### Multi-Level Market Observation
The framework separates the market into different analytical levels rather than relying on a single indicator reading.
It allows the user to observe:
**Direction → Process → Activity → Depth → Chameleon State → Composite Market State**
The purpose is to provide a broader contextual view of market conditions and how different analytical dimensions interact with each other.
### User Configuration
The indicator is intentionally configurable.
Users must define their own:
* MTF Timeframe
* Chameleon MA Period
* Test Depth Zone Period
* Display settings
The Chameleon parameters are independent from the MTF configuration, allowing the two analytical layers to be adjusted separately.
Different parameter settings can produce different market classifications, so there is no single configuration intended for all symbols or market conditions.
### Important
This indicator is designed **only for market observation, analysis, and visualization**.
It does not provide tadn recommendations, ent or eit instructions, fiial advice, or forts.
The displayed scores and classifications are mathtical representations based on market data and use-selected parameters.
The indicator does not determine what action should be taken.
Use are responsible for selecting and configuring the relevant parameters for their own analysis.
Unlike traditional single-indicator analysis, this framework combines **MTF Process, MTF Radar, Test Depth Matrix, MTF Direction, and an independent Chameleon MA** into one structured dashboard.
### Core Components
**MTF Process**
Observes changes in higher-timeframe ADX and RSI conditions and classifies the current market process into different states, from accelerating conditions to sideways or declining conditions.
**MTF Radar**
Combines ADX, RSI, and relative ATR to describe the current level of market activity and volatility.
**Test Depth Matrix**
Divides the selected MTF price range into five relative zones:
* Deep Water
* Mid Water
* Shallow Water
* Shallows
* Dry Zone
This provides a visual representation of where the observed market environment is positioned within its selected range.
**MTF Direction**
Uses EMA structure together with DI+ / DI− relationships to classify the directional condition of the selected timeframe.
**Chameleon MA**
The Chameleon component is independently configured and is **not tied to the MTF timeframe setting**. Its moving-average line changes visual state according to its position within the Test Depth Matrix, creating a dynamic zone-based visual layer.
**MTF Final Result**
Combines the independent MTF Process, Radar, Test Depth, and Direction classifications into a normalized composite score for observing the overall market state.
### Multi-Level Market Observation
The framework separates the market into different analytical levels rather than relying on a single indicator reading.
It allows the user to observe:
**Direction → Process → Activity → Depth → Chameleon State → Composite Market State**
The purpose is to provide a broader contextual view of market conditions and how different analytical dimensions interact with each other.
### User Configuration
The indicator is intentionally configurable.
Users must define their own:
* MTF Timeframe
* Chameleon MA Period
* Test Depth Zone Period
* Display settings
The Chameleon parameters are independent from the MTF configuration, allowing the two analytical layers to be adjusted separately.
Different parameter settings can produce different market classifications, so there is no single configuration intended for all symbols or market conditions.
### Important
This indicator is designed **only for market observation, analysis, and visualization**.
It does not provide tadn recommendations, ent or eit instructions, fiial advice, or forts.
The displayed scores and classifications are mathtical representations based on market data and use-selected parameters.
The indicator does not determine what action should be taken.
Use are responsible for selecting and configuring the relevant parameters for their own analysis.
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.
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.
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.