TSD Trend Dots

This script is a modified version of the original “Trend Strength Directional (TSD)” by Trebor_Namor. All core logic, idea, and inspiration come from Trebor_Namor’s work – this version simply adds a clearer alert framework.

TSD combines a wave-based momentum filter with a custom MFI to show the strength and direction of money flow. The “black” wave tracks price momentum, while the MFI color shows whether capital is flowing into (green) or out of (red) the market.

In this edition, the dots are separated into explicit signals:

Green Dot – bullish cross (momentum turning up, potential buy/entry area).

Red Dot – bearish cross (momentum turning down, potential take-profit/exit area).

Separate alertcondition events are provided for Green and Red dots so traders can set individual alerts for long and short bias, while still respecting the original TSD concept. This script is for educational and research purposes only – always combine it with your own analysis and risk management.