Fib and Slope Trend Detector [EWT] + MTF Dashboard

🚀 Overview

The Momentum Structure Trend Detector is a sophisticated trend-following tool that combines Price Velocity (Slope) with Market Structure (Fibonacci) to identify high-probability trend reversals and continuations.

Unlike traditional indicators that rely heavily on lagging moving averages, this script analyzes the speed of price action in real-time. It operates on the core principle of market structure: Impulse moves are fast and steep, while corrections are slow and shallow.

🧠 The Logic: Physics Meets Market Structure

This indicator determines the trend direction by calculating the Slope (Velocity) of price swings.

1. ZigZag Calculation: It first identifies market swings (Highs and Lows) using a standard pivot detection algorithm.
   
2. Slope Calculation: It calculates the velocity of every completed leg using the formula: $Slope = \frac{|Price Change|}{|Time Duration|}$.
   
3. Trend Definition:
   Uptrend: If the previous Up-move was fast (Impulse) and the subsequent Down-move is slower (Correction), the market is primed for an uptrend.
   Downtrend: If the previous Down-move was fast (Impulse) and the subsequent Up-move is slower (Correction), the market is primed for a downtrend.
   

🔥 Key Features

1. Aggressive Real-Time Detection (No Lag)
Most structure indicators wait for a "Higher High" to confirm a trend, which often leads to late entries. This script uses an Aggressive Live Slope calculation:

It compares the current developing slope of the live price action against the slope of the previous completed leg.

Result: As soon as the current move becomes "steeper" (faster) than the previous correction, the trend flips immediately. This allows you to catch the "meat" of the move before a new pivot is even confirmed.

2. Fibonacci Validity Filter
Momentum alone isn't enough; we need structural integrity.

The script calculates the 78.6% Retracement level of the impulse leg.

If a correction moves deeper than this Fibonacci limit (on a closing basis), the trend structure is considered "broken" or "invalid," and the indicator switches to a Neutral state. This filters out choppy/ranging markets.

3. Multi-Timeframe (MTF) Dashboard
A customizable dashboard on the chart allows for fractal analysis. You can view the trend state (UP/DOWN/NEUTRAL) across 9 different timeframes (1m to 1M) simultaneously.

Green Row: Uptrend

Red Row: Downtrend

Gray: Neutral/Indeterminate

4. Smart Visuals
Background Color: Changes dynamically (Teal for Bullish, Red for Bearish, Gray for Neutral) to give you an instant read of the market state.

Slope Labels: Displays the calculated numeric slope on the chart, helping you visualize the momentum difference between impulse and corrective waves.

Invalidation Levels: Automatically plots the invalidation line (Stop Loss level) based on the market structure.

🛠️ Settings & Inputs
Strategy Settings

Pivot Deviation Length: Sensitivity of the ZigZag calculation (Default: 5). Lower numbers = more sensitive to small swings.

Max Retracement %: The Fibonacci limit for a valid correction (Default: 78.6%).

Min Bars for Live Calc: To prevent noise, the script waits for this many bars after a pivot before calculating the "Live Slope" (Default: 3).

Dashboard Settings

Show Dashboard: Toggle the table on/off.

Timeframe Toggles: Enable/Disable specific timeframes (1m, 5m, 15m, 30m, 1H, 4H, 1D, 1W, 1M) to suit your trading style.

🎯 How to Use
Wait for Background Change: When the background turns Teal, it indicates that a corrective pullback has ended and a new impulse with high velocity has begun.

Check Invalidation: Look at the plotted Stop Loss Level. If price closes below this line, the trade idea is invalid.

Confirm with Dashboard: Use the table to ensure the higher timeframes (e.g., 1H, 4H) align with your current chart's direction for higher probability setups.

Disclaimer: This tool is designed for trend analysis and educational purposes. Past performance (momentum) is not indicative of future results. Always manage your risk.