#TheStrat Multi-Timeframe In-Force Signals, Failed 2's, and FTFC

5 gün önce

This indicator combines #TheStrat concepts of bar combinations, in-force signals, and timeframe continuity with 'Failed 2's' which can be early indication of a trend reversal.
It’s designed to help identify the prevailing trend but also reversal points when timeframe-based ranges are reclaimed because a signal failed or went out-of-force.

Core Concepts

1. TheStrat Bar Types
• 1 (Inside Bar): High ≤ previous high and Low ≥ previous low.
• 2U (Two Up): High > previous high and Low ≥ previous low.
• 2D (Two Down): Low < previous low and High ≤ previous high.
• 3 (Outside Bar): High > previous high and Low < previous low.

2. Failed 2’s — Definition & Detection

A Failed 2 occurs when a directional break (2U or 2D) reverses before following through.
This script lets you choose from four failure-definition modes:
1. Open — A 2U fails if last price is below open; a 2D fails if last price is above open.
2. Reclaim — A 2U or 2D fails if last price is within the previous bar’s range.
3. Both — Both of the above conditions must be met.
4. Either — Either condition must be met.

Failed 2U setups are bearish; Failed 2D setups are bullish.
You can also enable FTFC Override, which ignores reclaim-type failures when all higher timeframes are in full agreement with the current trend.

3. Timeframe Continuity (TFC)

TFC measures directional agreement across multiple timeframes.
• Full TFC (FTFC) Up: All selected timeframes above their opens.
• Full TFC (FTFC) Down: All selected timeframes below their opens.
• Mixed or neutral conditions are also displayed.
The indicator tracks classic TFC and supports trend-flip alerts when full agreement changes direction.

Features
• Customizable TFC table showing bar types, failed status, in-force status, reclaims, and direction arrows.
• Automatic bar coloring for TFC alignment, failed-2 transitions, or neutral states.
• Alerts for TFC trend flips.
• Multi-timeframe scanning with selectable intervals.
• Option to highlight bars that trigger a TFC flip due to failed-2 events.

Use Cases
• Quickly gauge market bias across multiple timeframes
• Identify failed 2 reversals against higher timeframes
• Spot potential turning points when trend flips occur

Limitations

1. This is a tool which can give earlier indication of trend reversals but is highly dependent on selected timeframes. This is discretionary, but having a range of higher and lower timeframes works best. In many cases, it will give the same trend 'flip' that classic FTFC would (based on open).
   
   1. Ranges are based on timeframes, not swing highs and lows. The selected timeframes must capture the swing high or low to show a 'range' reclaim.
      
      1. Timeframes lower than the display timeframe cannot be accurately shown due to PineScript limitations. They are 'greyed out' and not included in calculations or displays.
         
      
      
      This script is based on the FTFC indicator by TradeForOpportunity [TFO] with deep gratitude. It has been modified and expanded with permission under MPL 2.0.

16 saat önce

Sürüm Notları

Fixed row display issues:

• Rows weren't being created consistently for all timeframes, now every enabled timeframe gets a cell in every row (empty cells for timeframes below chart timeframe)
  
• Fixed the table cell coordinates to work properly in both horizontal and vertical modes
  
• Reorganized the row order for better logical flow
  

Updated the script name to:

• Full name: "#TheStrat Multi-Timeframe In-Force Signals, Failed 2's and Timeframe Continuity"
  
• Short name: "#TheStrat MTF Panel"