Bull/Bear Ownership — MTF Alignment (v6)

Bull/Bear Ownership — MTF Alignment (v6)
Scores who “owns” the market (bulls vs bears) across multiple timeframes and rolls it into a single 0–100 alignment score (50 = neutral). Uses bullish-bar share, body dominance, and regression slope (ATR-normalized). Includes faint MTF trend lines, bar paints, mini table, badge, and 4 alert conditions.

Full description

What it does
This tool measures bull/bear ownership on up to 7 selectable timeframes and combines them into one easy alignment meter.

For each TF it computes:

Share of bullish bars over a lookback (0–1).

Body dominance (−1…+1) = avg(bull bodies) − avg(bear bodies) scaled by total bodies.

Trend slope (−1…+1) = linear regression slope normalized by ATR (dimensionless strength).

These pieces are blended into a per-TF score (−10…+10), weighted by your TF weights, and normalized to a composite 0…100:

Higher = stronger multi-TF bull ownership

Lower = stronger multi-TF bear ownership

50 = neutral / mixed

Visuals

Optional faint regression “trend lines” per TF (green/red by direction).

Bar paints on GO / NO-GO thresholds (default 70 / 30).

Floating badge with the live % and stack state.

Mini table showing each TF’s score % and notes (majority bull/bear, body Δ%, slope×ATR).

Inputs

Timeframes: 7 slots, each with enable + weight (1–5).

Ownership calc: Lookback (bars), slope length, ATR length, blend weights (body vs slope).

Display: trend lines toggle, opacity, bar paints, badge, table, table corner.

Thresholds: GO (bullish) / NO-GO (bearish).

Alerts

GO ✅ (composite ≥ threshold)

NO-GO 🛑 (composite ≤ threshold)

ALL TFs UP ✔ (every enabled TF bullish)

ALL TFs DOWN ✖ (every enabled TF bearish)

Tips

Use a ladder like 60/120/180/240/D (1h/2h/3h/4h/1D).

Give higher TFs more weight for trend trading; raise body dominance weight for “who’s in control,” or slope weight for momentum.

Set ownLen = 1 if you want “who owned the last bar” per TF.

Tune GO/NO-GO for your asset & timeframe; 70/30 is a solid start.

Notes

This is an analysis tool, not financial advice. Backtest and combine with your risk management. uwu 💜