Trend Strength Indicator
For Tradingview
PREMIUM INDICATOR
This is a Trend Strength indicator for Tradingview that shows you the immediate trend across 7 timeframes. Keep these timeframes set to higher time frames than your chart so you can trade in the direction of the overall trend. It shows the strength of each timeframe by showing a red or green dot based on where price is at compared to the last higher timeframe candle. The brighter red or green the dot is, the stronger the trend is on that timeframe.
The colors and timeframes can be customized to suit your preference and you can also turn off as many timeframes as you’d like if you want less time frames to show up on the indicator. It also includes alerts for when all timeframes are bullish or all timeframes are bearish.
Bullish Scoring & Colors
If the current candle close is above the midline of the higher time frame candle, it is given a score of 1 and a dark green dot. If the current candle close is above the higher timeframe candle body, then it is given a score of 2 and a medium green dot. If the current candle close is above the high of the higher time frame candle, it is given a score of 3 and a bright green dot.
Bearish Scoring & Colors
If the current candle close is below the midline of the higher timeframe candle, it is given a score of -1 and a dark red dot. If the current candle close is below the higher timeframe candle body, then it is given a score of -2 and a medium red dot. If the current candle close is below the low of the higher timeframe candle, it is given a score of -3 and a bright red dot.
Total Score Display
On the right side of the indicator pane, there is a table that displays the total bullish and bearish scores so you can easily tell the overall strength of the trend in each direction. Wait for the trend score to be at least 75% of the possible score to trade so you can ensure you are only trading very strong trends and increase your probability of winning your trade. The total score will update according to how many timeframes you have enabled in the settings.
Alerts
You can set alerts for when all timeframes are bullish or when all timeframes are bearish. If you have some time frames turned off at the time of creating your alerts, then it will only require all timeframes that are on to be all bullish or bearish to generate an alert. Make sure to set your alerts to once per bar close to ensure you don’t get premature alerts that aren’t yet valid.
Backtesting
This indicator allows you to backtest how price reacts to the trend across all time frames. Make sure you look back at a lot of historical data to see how price moves when trend changes take place and how well price continues in each direction compared to the overall trend. This will help you gain confidence in reading the indicator and using it to your advantage when trading.
Best Way To Use The Indicator
For best results, make sure you wait for the trend to show all bullish or all bearish at the same time. If you can be patient enough to do that, you will increase the probability of winning your trade because you are trading with the direction of the overall trend.
If you are scalping, you can turn off the quarterly and yearly timeframes and just use the 1 hour through 1 month or 1 week. This won’t be as reliable as using all timeframes and waiting for them to align, but it is suitable for scalping quick intraday movements.
Other Indicators To Pair This With
Use this in combination with our Support and Resistance indicator and our Breakout Scanner indicator so you can visualize all of these levels and get a good idea of what is going on with each chart very quickly as well as be aware of other tickers that may be good for a momentum trade.
Release Notes
10/31/2024: Added timeframes 1min – 3min for the very short term scalpers per user request.
6/12/2025: Switched the order of timeframes shown in the graph to timeframe 1 at the top to timeframe 7 at the bottom so that the top of the graph shows the lower timeframes and is easier to read.
Added a new trend mode setting that offers trend scoring using Above/Below Midline or Open, High, Low, Close + Midline. Above/Below Midline is the new default setting as it makes the trend strength score graph easier to read and eliminates uncertainty from having multiple strength values like the other mode. This is the recommended mode for ease of use and identifying trends early. Open, High, Low, Close + Midline gives you a more detailed look at the overall trend strength, but due to having multiple strength values in each direction, can lead to uncertainty when making trading decisions.
Added trend score signal to send to external indicators. This parameter does not show on the chart, but is available in the data window to be used as a trend filter for external indicators. This will send a 1 value when all timeframes that are turned on are bullish, -1 value when all timeframes that are turned on are bearish and a 0 value when there are mixed timeframe trend directions. Set the indicator to the timeframes you want to be matching in trend for trading and then use this value as a source on another external indicator to filter what the other indicator can do based on the direction of the trend from this indicator.
At the bottom of the settings panel, there is a setting called Trend Score Threshold For External Indicators. This setting is the score threshold that all timeframes will need to meet to allow a trend strength signal to go through. So if set to 1, then all timeframes must be 1 or higher for bullish or -1 or lower for bearish. If set to 2, then all timeframes must be 2 or higher for bullish or -2 or lower for bearish. If set to 3, then all timeframes must be 3 for bullish or -3 for bearish. If all timeframes have met this threshold, then a bullish or bearish signal can be sent to your external indicator as a trend filter.