EDGE MTF ATR Bias Matrix

EDGE MTF ATR BIAS MATRIX - User Guide & Documentation
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OVERVIEW

The EDGE MTF ATR Bias Matrix is a multi-timeframe directional bias indicator
that displays dynamic support and resistance levels across six timeframes in a
compact corner panel. It uses ATR-based trailing bands to determine trend
direction and highlights key levels you should be watching for potential
entries, exits, or reversals.

Think of it as your "compass" — at a glance, you can see which direction the
market is pointing on the 5m, 15m, 30m, 1H, 4H, and Daily timeframes, along
with the critical price level to watch on each.

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HOW IT WORKS

The indicator uses a dual-band trailing stop system on each timeframe:

INNER BAND (Tighter/Faster)
• Calculated as: HL2 ± (Inner Multiplier × ATR)
• Default multiplier: 3.0
• Reacts more quickly to price changes
• Defines the "active" trend direction

OUTER BAND (Wider/Slower)
• Calculated as: HL2 ± (Outer Multiplier × ATR)
• Default multiplier: 6.0
• Provides a buffer zone / "cloud" between signals
• Represents major support/resistance levels

The two bands create a "cloud" structure:
• When Inner > Outer → Bullish Cloud (uptrend structure)
• When Inner < Outer → Bearish Cloud (downtrend structure)

Signal Logic:
▲ BULLISH (Green): Price is ABOVE the inner band in a bullish cloud
▼ BEARISH (Red): Price is BELOW the inner band in a bearish cloud
◆ NEUTRAL (Gray): Price is inside the cloud or at an inflection point

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READING THE PANEL

The panel displays three columns:

TF │ Level │ Δ
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Daily │ 4,125.50 │
4H │ 4,118.25 │ 3.25
1H │ 4,115.00 │
30m │ 4,112.75 │ 1.50
15m │ 4,110.50 │
5m │ 4,108.25 │ 0.75

COLUMN 1 - TF (Timeframe)
The timeframe being analyzed

COLUMN 2 - Level
The key support/resistance level to watch
• Color indicates bias: Green = Bullish, Red = Bearish, Gray = Neutral
• This is the trailing band level that price is respecting

COLUMN 3 - Δ (Delta/Proximity)
Distance from current price to the key level
• Only appears when price is within the Proximity Threshold
• Yellow color draws attention to nearby levels
• Helps you spot imminent tests of support/resistance

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WHAT TO LOOK FOR

1. CONFLUENCE OF BIAS
When multiple timeframes show the same color (all green or all red), the
directional bias is strong. Trade with the trend.

Example: Daily, 4H, 1H, and 30m all GREEN = Strong bullish environment
→ Look for long entries on pullbacks to the displayed levels

2. DIVERGENCE BETWEEN TIMEFRAMES
When higher timeframes disagree with lower timeframes, expect choppy
conditions or potential reversals.

Example: Daily RED but 15m and 5m GREEN = Short-term bounce in downtrend
→ Approach longs with caution; these may be counter-trend trades

3. PROXIMITY ALERTS (Δ Column)
When you see a value in the Δ column, price is close to that timeframe's
key level. This is where you should pay attention for:
• Bounces (level holds = continuation)
• Breaks (level fails = potential reversal or acceleration)

4. LEVEL CLUSTERING
When multiple timeframe levels are near each other, that zone becomes
significant. Price often reacts strongly at these areas.

Example: If 1H shows 4,115 and 30m shows 4,114, that 4,114-4,115 zone
is a high-probability reaction area.

5. TREND ALIGNMENT FOR ENTRIES
For highest-probability trades:
• Ensure at least the 1H and 4H (or Daily) agree on direction
• Use lower timeframe (5m/15m) levels for entry timing
• Place stops beyond the next timeframe's level

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CONFIGURABLE SETTINGS

═══ Color Theme ═══

Bullish Default: Green (#4CAF50, 30% transparency)
Color used when bias is bullish

Bearish Default: Red (#F44336, 0% transparency)
Color used when bias is bearish

Neutral Default: Gray (#ECEFF1, 30% transparency)
Color used when price is in the cloud/neutral zone


═══ Display Settings ═══

Panel Location Default: Top Right
Choose where the panel appears on your chart
Options: Top Left, Top Center, Top Right,
Bottom Left, Bottom Center, Bottom Right

Sort Highest Default: ON (checked)
TF First When ON: Daily at top, 5m at bottom
When OFF: 5m at top, Daily at bottom
Choose based on your trading style preference

Proximity Default: 10.5
Threshold How close price must be to a level before the Δ column
shows the distance
• For index futures (ES, NQ): 10-15 points works well
• For forex: 0.0010-0.0050 (10-50 pips)
• For stocks: Adjust based on typical ATR
• Set to 0 to disable proximity alerts

Text Size Default: Small
Options: Tiny, Small, Normal, Large
Adjust based on your screen size and preference


═══ Algorithm Parameters ═══

ATR Lookback Default: 10
Number of bars used to calculate ATR
• Lower values (5-8): More reactive to recent volatility
• Higher values (14-20): Smoother, less reactive
Range: 1-50

Inner Band Default: 3.0
Multiplier Controls the tighter/faster trailing band
• Lower values: Tighter stops, more signals, more whipsaws
• Higher values: Wider stops, fewer signals, smoother trends
Range: 0.5-10.0 (step 0.5)

Outer Band Default: 6.0
Multiplier Controls the wider/slower trailing band
• Should always be larger than Inner Multiplier
• Creates the "buffer zone" between trend states
• Larger values = bigger neutral zones
Range: 1.0-20.0 (step 0.5)

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RECOMMENDED CONFIGURATIONS

FOR SCALPING (Fast/Aggressive):
• ATR Lookback: 7
• Inner Multiplier: 2.0
• Outer Multiplier: 4.0
• Proximity Threshold: 5.0

FOR DAY TRADING (Balanced):
• ATR Lookback: 10 (default)
• Inner Multiplier: 3.0 (default)
• Outer Multiplier: 6.0 (default)
• Proximity Threshold: 10.5 (default)

FOR SWING TRADING (Smooth/Patient):
• ATR Lookback: 14
• Inner Multiplier: 4.0
• Outer Multiplier: 8.0
• Proximity Threshold: 20.0

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TIPS FOR BEST RESULTS

1. Use this indicator as a BIAS tool, not an entry signal
It tells you which direction to favor — you still need price action,
order flow, or another method to time entries.

2. Respect higher timeframe bias
Even if 5m and 15m turn bullish, if Daily is bearish, those longs are
counter-trend. Size smaller and take profits quicker.

3. Watch for color changes on your trading timeframe
A flip from green to gray (or red) is an early warning that momentum
may be shifting.

4. The displayed levels are dynamic
They trail price during trends but lock in during pullbacks. This is
by design — the levels only move in the direction of the trend.

5. Combine with volume or momentum
This indicator shows structure. Pair it with volume analysis or a
momentum oscillator to confirm strength of moves.

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TIMEFRAMES ANALYZED

The indicator automatically pulls data from these fixed timeframes regardless
of what chart timeframe you're viewing:

• 5 Minute (5m) — Micro structure, scalp timing
• 15 Minute (15m) — Intraday swings
• 30 Minute (30m) — Intraday trend
• 1 Hour (1H) — Day trading bias
• 4 Hour (4H) — Swing trading bias
• Daily (1D) — Overall trend direction

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TROUBLESHOOTING

Panel not showing?
→ Make sure you're viewing on a timeframe equal to or lower than 5m
→ Check that the panel location isn't obscured by other indicators

All levels showing gray/neutral?
→ This can happen during ranging/consolidating markets
→ The multipliers may need adjustment for the instrument's volatility

Levels seem too far from price?
→ Reduce the Inner and Outer Multipliers
→ The defaults work well for index futures but may need tuning for
lower-volatility instruments

Proximity column never shows values?
→ Increase the Proximity Threshold setting
→ Current default (10.5) may be too tight for your instrument