Premium Direction Estimator
Premium Universal Direction Estimator
The Universal Direction Estimator V1 is a Pine Script v6 indicator for TradingView that blends three independent signals—Trend, Momentum, and Structure—into a single, normalized direction score from −1 to +1. It optionally incorporates higher-timeframe (HTF) confirmation and a custom Wilder-style ADX confidence boost to clarify when conditions are supportive. The tool can color candles by direction, plot a smoothed “direction trail,” and mark flips with arrows. A compact status table summarizes the live direction (UP/DOWN/NEUTRAL), total score, component contributions, ADX reading, and HTF alignment.
The TradingView Pine Script 6 scripts provided by TradingScript Solutions, LLC are for informational and educational purposes only and do not constitute financial advice. All scripts, indicators, and tools are provided "as is" without warranties of any kind, express or implied, including accuracy, reliability, or fitness for a particular purpose. Users assume full responsibility for their use of the scripts and any trading decisions made. TradingScript Solutions, LLC is not liable for any losses, damages, or risks arising from the use of our products. Trading involves significant risk, and users should consult a qualified financial advisor before making investment decisions.
Features
- Three-Pillar Model: Weighted Trend (EMA spread), Momentum (ROC), and Structure (new HH/LL vs window) blended into one score.
- Custom Wilder-Style ADX: Internal DI/DX/ADX pipeline for a confidence boost without relying on ta.adx.
- Direction Trail & Flips: Plots the raw score and a smoothed trail; triangle arrows mark UP/DOWN flips.
- Candle Coloring: Optional barcolor mirrors current direction with a neutral zone to reduce whipsaw tinting.
- Status Table: Live direction, signed score %, component contributions, ADX reading, and HTF align flag.
