OPEN-SOURCE SCRIPT
Updated Tango Multi-Timeframe Trend Dots
TLDR: When the background is green, favor long. When the background is red, favor short.
By default: Will show 5-minute, 10-minute, 15-minute timeframe.
📈 Tango Multi-Timeframe Trend Dots
Tango Trend Dots is a visual trend-tracking tool that plots clean, color-coded trend signals from up to three different timeframes in a dedicated indicator pane. Each dot represents the trend direction on that timeframe:
🟢 Green = Uptrend
🔴 Red = Downtrend
🟡 Yellow = Trend-MACD conflict (optional MACD filter)
🔧 Features
Multi-Timeframe Support: Configure 3 different timeframes (default: 5m, 10m, 15m)
Color-Coded Trends:
Green = uptrend
Red = downtrend
Yellow = conflicting trend & MACD (if enabled)
MACD Filter (optional): Highlights trend conflicts using MACD histogram
Background Shading: Optional highlight when 2 out of 3 timeframes agree
Customizable UI: Clean labels and visual alignment of all signals
📊 Use Cases
Confirm short-term trades with higher timeframe alignment
Identify conflicting signals using MACD divergence
Spot consensus trends with visual clarity
By default: Will show 5-minute, 10-minute, 15-minute timeframe.
📈 Tango Multi-Timeframe Trend Dots
Tango Trend Dots is a visual trend-tracking tool that plots clean, color-coded trend signals from up to three different timeframes in a dedicated indicator pane. Each dot represents the trend direction on that timeframe:
🟢 Green = Uptrend
🔴 Red = Downtrend
🟡 Yellow = Trend-MACD conflict (optional MACD filter)
🔧 Features
Multi-Timeframe Support: Configure 3 different timeframes (default: 5m, 10m, 15m)
Color-Coded Trends:
Green = uptrend
Red = downtrend
Yellow = conflicting trend & MACD (if enabled)
MACD Filter (optional): Highlights trend conflicts using MACD histogram
Background Shading: Optional highlight when 2 out of 3 timeframes agree
Customizable UI: Clean labels and visual alignment of all signals
📊 Use Cases
Confirm short-term trades with higher timeframe alignment
Identify conflicting signals using MACD divergence
Spot consensus trends with visual clarity
Release Notes
Fix bug causing labels to repeatOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.