OPEN-SOURCE SCRIPT

Multi-TF EMA 5/8-ChartTicker-Dashboard

54
⚙️ 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.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.