MTF WaveTrend Opportunity Hunter

Features

• Confluence pane: net score histogram (−100…+100, green/red) with ±60 strong-confluence reference lines
• Heat ribbons: Regime / Opportunity / Timing / Quality as color strips (green = long-side dominance, red = short-side, gray = neutral) plus a Noise ribbon (green = unusually clean tape, orange = unusually noisy) — the “why (no) signal” view over the full history
• Confluence Rotation Map (RRG-inspired): quadrant inset right of the last bar — x = net confluence, y = confluence momentum — with a curved polyline trail. Quadrants: LEADING (+/+), WEAKENING (+/−), LAGGING (−/−), IMPROVING (−/+). A clockwise rotation through IMPROVING → LEADING is the classic early-entry path
• Ultimate Smoother core (John Ehlers, TASC 04/2024): optional zero-lag replacement for the EMA core of WaveTrend (default on) — earlier crosses at the same length, less whipsaw than shortening the EMA
• Entropy noise floor: Shannon sign-entropy of the Trigger TF, percentile-ranked over a lookback window — self-calibrating per instrument, weighted into Quality (20%)
• Slim gate (three conditions instead of five thresholds):
  1. Regime bias — Regime score ≥ minimum on the Regime TF (default Daily)
  2. Setup pullback — Opportunity score ≥ minimum on the Setup TF (default 4H)
  3. Trigger — WaveTrend cross on the Trigger TF (default 1H)
• Quality as grade, not gate: signals are labeled A or B based on the Quality score (Efficiency Ratio, ATR band, optional RS filter, JMA acceleration) — no signal is blocked by it
• Persistent TP/SL zones on the price chart (force_overlay): risk box (entry→SL, red), first-target box (entry→TP1, green), TP2/TP3 as dashed/dotted lines; zones extend while the trade is active and freeze on exit warning
• Pivot reference (control overlay, never a gate): confirmed swing highs/lows (ta.pivothigh/ta.pivotlow, configurable left/right bars) plotted as triangles at the actual pivot bar. On a signal, a dotted connector runs from the current swing extreme (low for long, high for short) to the entry, and the label prints distance, proximity and the driving scores (ΔLow 3b / 0.8R · P68 / O62 R71 T80 Q58) — small distance = signal fired close to the swing. The reference is the live current-leg extreme, so a fresh unconfirmed low is used instead of a stale pivot; a ⚠K flag marks knife-catches (entry below the last confirmed swing low). The pivot is by nature lagging and is used only to review accuracy — it does not influence which signals fire
• Exit warnings gated to active trades: orange × only after a signal, when trend health drops below 45 or WT crosses back
• ARMED state: dashboard shows when Regime + Opportunity pass and only the WT cross is missing — a cross on the next bars would fire
• JMA smoothing: Everget-style JMA (phase −100…+100, power 1.0–4.0), consistent with the repo’s other indicators
• Alerts: long/short signal, long/short Grade A signal, long/short exit warning

Scoring layers

All four layers are computed for both sides (0–100 each); the ribbons show the net (long − short).

Regime (Regime TF)

Component	Points
WT1 above signal line	25
WT1 rising	20
Close > EMA50 > EMA200 (bull) / inverse (bear)	30
ADX ≥ minimum	15
WT histogram rising/falling	10

Opportunity (Setup TF)

• Pullback depth vs. JMA in ATR units (45%)
• WT extreme proximity (35%)
• WT turning in signal direction (+20)

Timing (Trigger TF — display context; the gate is the cross itself)

• WT cross (35) + WT momentum (30) + JMA structure (25) + Setup-TF WT direction (10)

Quality (Trigger TF — grades A/B)

• Efficiency Ratio (30%) + ATR within 0.7×–2.2× of its 20-bar SMA (20%) + optional RS slope vs. benchmark (15%) + JMA acceleration (15%) + entropy noise floor (20%, inverted percentile rank — clean tape scores high)

Reading the pane

• Histogram crossing above +60 with all ribbons green — strong long confluence
• Three ribbons green, Timing gray — ARMED: waiting for the trigger cross
• Regime ribbon flips while in a trade — expect an exit warning
• Histogram near zero, ribbons mixed — no edge, stand aside
• Noise ribbon orange — tape unusually noisy for this instrument; expect grade B signals
• Rotation dot in IMPROVING moving toward LEADING — confluence building; in WEAKENING — long confluence stalling even if the histogram is still positive

Final score weights (display only)

Regime 35% + Opportunity 30% + Timing 25% + Quality 10% — shown in the dashboard and as the histogram, not used as a gate.