Trend Catcher with HTF Filter

🔷 Trend Catcher with HTF Filter
Overview
“Trend Catcher with HTF Filter” is a dynamic trend detection tool designed to identify clear directional bias and help traders stay aligned with the prevailing momentum. It uses a dual-timeframe approach that combines ATR-based volatility analysis and trend confirmation logic to avoid noise and false flips.

This script is particularly useful for trend-following, swing trading, or tactical scalping, depending on the timeframe used. It's not a strategy script, but a visual tool that enhances your decision-making.

🧠 How It Works (Simplified Logic)
This indicator identifies trends by comparing price to a dynamic stop level derived from ATR (Average True Range). When price breaks above/below that level and remains there for a configurable number of bars (flip sensitivity), the trend is considered to have shifted.

🔹 Core Logic (Lower Timeframe)
ATR stop: Calculated using ATR Length and Multiplier.

Trend detection: When price remains above/below the ATR stop for X bars, the trend "flips."

Labels: When the trend flips, labels (🔼 or 🔽) are shown on the chart.

🔹 Higher Timeframe (HTF) Filter (Optional)
When enabled, this adds a higher timeframe ATR-based filter.

You can choose to:

Only visualize HTF background (green/red).

Or restrict flips on the lower timeframe based on HTF trend direction.

This lets you avoid entering against the broader trend and filters out noise in lower timeframes.

🧾 Flip Sensitivity
Set how many bars must confirm the trend direction before a flip is declared.

Helps avoid whipsaws in volatile conditions.

📋 Real-Time Info Table
A small table at the top-right of your chart shows key values like:

Current ATR value

Trend direction

HTF trend direction

Price level of trend stop

Flip sensitivity

🛡️ Why This Script Is Unique
While many scripts use ATR-based logic or multi-timeframe filters, this script stands out for:

✅ Combining real-time LTF and HTF ATR trend zones

✅ A labeling system that clearly marks confirmed flips (based on multiple bar confirmation)

✅ A user-friendly real-time dashboard with essential metrics

✅ Optional trend-based access control, only allowing flips in HTF-aligned directions (when enabled)

This design is intended to help traders visually stay on the right side of the trend while giving them flexibility in configuration.

⚠️ No Unrealistic Claims
This script does not promise profits, signals, or backtested results. It’s a visual tool to assist discretionary traders in identifying trend shifts. There are no buy/sell signals, and it does not predict the future.