Trend Strength Matrix [JOAT]

Trend Strength Matrix — Multi-Timeframe Trend Health Dashboard

Trend Strength Matrix provides a comprehensive view of trend health across multiple timeframes and indicators. It combines RSI, MACD, ADX, and moving average alignment into a single heatmap-style dashboard with an overall strength score—giving you a complete picture of trend quality at a glance.

What Makes This Indicator Unique

Unlike single-indicator trend tools, Trend Strength Matrix:

• Analyzes four different indicators simultaneously (RSI, MACD, ADX, MA)
  
• Evaluates up to four timeframes at once for multi-timeframe confluence
  
• Presents everything in an intuitive color-coded heatmap
  
• Calculates a weighted composite score for overall trend assessment
  
• Marks trend shifts directly on the chart
  

What This Indicator Does

• Calculates trend scores from four different indicators
  
• Analyzes up to four timeframes simultaneously
  
• Creates a color-coded heatmap showing strength across all components
  
• Generates a weighted composite score for overall trend assessment
  
• Marks bullish and bearish trend shifts on the chart
  
• Displays a trend-following moving average on the price chart
  

Component Scores Explained

Each indicator contributes a normalized score from -1 (strongly bearish) to +1 (strongly bullish):

• RSI Score — (RSI - 50) / 50
  - RSI of 70 = +0.4 (bullish)
  - RSI of 30 = -0.4 (bearish)
  - RSI of 50 = 0 (neutral)
  
  
• MACD Score — MACD line normalized by its standard deviation
  - Positive MACD = positive score
  - Negative MACD = negative score
  - Magnitude reflects strength
  
  
• ADX Score — ADX strength multiplied by DI direction
  - High ADX with DI+ > DI- = strong positive
  - High ADX with DI- > DI+ = strong negative
  - Low ADX = weak score regardless of direction
  
  
• MA Score — Price position relative to moving average
  - Price above MA = positive
  - Price below MA = negative
  - Distance from MA affects magnitude
  

Multi-Timeframe Analysis

The indicator analyzes multiple timeframes with weighted importance:

// Weighted MTF composite score
mtfScore = composite1 * 0.40 +  // Current TF (40% weight)
           composite2 * 0.25 +  // TF2, e.g., 1H (25% weight)
           composite3 * 0.20 +  // TF3, e.g., 4H (20% weight)
           composite4 * 0.15    // TF4, e.g., Daily (15% weight)

Higher timeframes provide context and trend direction, while lower timeframes provide timing and entry signals.

Dashboard Layout

The matrix displays a grid with:

• Rows — Each timeframe (current, TF2, TF3, TF4)
  
• Columns — Each indicator (RSI, MACD, ADX, MA, Score)
  
• Cell Colors:
  - Bright green: Score > 0.5 (strongly bullish)
  - Faded green: Score 0.2 to 0.5 (moderately bullish)
  - Gray: Score -0.2 to 0.2 (neutral)
  - Faded red: Score -0.5 to -0.2 (moderately bearish)
  - Bright red: Score < -0.5 (strongly bearish)
  
• Overall Row — Shows weighted composite with trend classification
  

Trend Classifications

Based on the overall MTF score:

• STRONG BULL — Score > 50%
  
• BULLISH — Score 20% to 50%
  
• NEUTRAL — Score -20% to 20%
  
• BEARISH — Score -50% to -20%
  
• STRONG BEAR — Score < -50%
  

Visual Features

• Trend Moving Average — Optional MA line on price chart colored by trend direction
  
• Trend Background — Subtle background tint showing overall trend direction
  
• Trend Shift Labels — "BULL" and "BEAR" labels when trend direction changes
  
• Heatmap Dashboard — Color-coded matrix showing all components and timeframes
  

Color Scheme

• Bullish Color — Default: #00E676 (bright green)
  
• Bearish Color — Default: #FF5252 (red)
  
• Neutral Color — Default: #9E9E9E (gray)
  
• Dashboard Header — #2962FF (blue)
  

Inputs Overview

Calculation Settings:

• RSI Length — Period for RSI (default: 14, range: 5-30)
  
• MACD Fast — Fast EMA period (default: 12, range: 5-30)
  
• MACD Slow — Slow EMA period (default: 26, range: 10-50)
  
• MACD Signal — Signal line period (default: 9, range: 3-20)
  
• ADX Length — Period for ADX/DI (default: 14, range: 5-30)
  
• MA Length — Period for trend MA (default: 50, range: 20-200)
  

Multi-Timeframe:

• Enable Multi-Timeframe — Toggle MTF analysis (default: on)
  
• Timeframe 2 — Second timeframe (default: 60 = 1 hour)
  
• Timeframe 3 — Third timeframe (default: 240 = 4 hours)
  
• Timeframe 4 — Fourth timeframe (default: D = Daily)
  

Visual Settings:

• Bullish/Bearish/Neutral Colors — Customizable color scheme
  
• Show Trend MA — Toggle moving average on price chart
  
• Show Dashboard — Toggle the heatmap matrix
  
• Dashboard Position — Choose corner placement (Top Right, Top Left, Bottom Right, Bottom Left)
  

How to Use It

For Trend Confirmation:

• All green cells = strong bullish alignment across indicators and timeframes
  
• All red cells = strong bearish alignment
  
• Mixed colors = consolidation or transition period
  
• Wait for alignment before entering trend trades
  

For Multi-Timeframe Analysis:

• Higher timeframes (TF3, TF4) show the "big picture" trend
  
• Lower timeframes (current, TF2) show immediate momentum
  
• Best signals occur when all timeframes align
  
• Divergence between timeframes suggests caution
  

For Entry Timing:

• Enter when trend shifts from neutral to bullish/bearish
  
• Look for "BULL" or "BEAR" labels on chart
  
• Confirm with dashboard showing alignment
  
• Use the trend MA as a trailing stop reference
  

Alerts Available

• TSM Bullish Shift — Trend shifted from neutral/bearish to bullish
  
• TSM Bearish Shift — Trend shifted from neutral/bullish to bearish
  
• TSM Strong Bull — Score crossed above 50% (strong bullish)
  
• TSM Strong Bear — Score crossed below -50% (strong bearish)
  

Best Practices

• Wait for multiple timeframes to align before entering
  
• Strong trends show green (or red) across all cells
  
• Mixed colors suggest waiting for clarity
  
• Use the overall score percentage to gauge conviction
  

— Made with passion by officialjackofalltrades