OPEN-SOURCE SCRIPT

Multi-TF EMA 5/8-ChartTicker-Dashboard

46
⚙️ Key Components

Timeframes & Weights

Uses 5 different intraday timeframes: 2m, 5m, 15m, 30m, 60m.

Each TF has a weight:

2m = 1

5m = 2

15m = 4

30m = 8

60m = 16

👉 Higher timeframe signals contribute more to the total.

Signal Logic per Timeframe

For each TF, calculate EMA 5 and EMA 8.

If EMA5 > EMA8 → Buy (B, +1).

If EMA5 < EMA8 → Sell (S, –1).

Total Score Calculation

Each signal (+1 or –1) is multiplied by its timeframe weight.

All weighted signals are summed into a total score.

Positive = bullish bias, negative = bearish bias.

Dashboard Table (top-right corner)

Row 1 (header): Symbol, each timeframe (2m, 5m, 15m, 30m, 60m), Total.

Row 2 (values):

Symbol name.

B (green) or S (red) per timeframe.

Weighted Total score.

🛠️ Overall Function

This indicator is essentially a multi-timeframe EMA trend dashboard that:

Shows Buy/Sell alignment across multiple TFs.

Provides a weighted trend score to quickly assess market bias.

Makes it easy to spot whether short- and long-term signals agree or conflict.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.