OPEN-SOURCE SCRIPT
Multi Time Score Indicator
Multi Time Score Signal Indicator is a multi-timeframe scoring indicator designed for USDJPY on the 5-minute chart.
The script evaluates price position across multiple timeframes, including 5-minute, 15-minute, 1-hour, 4-hour, daily, and weekly charts. For each timeframe, it calculates where the current price is located within the recent high-low range and converts that position into a score. These scores are then combined using configurable importance weights.
A buy signal is displayed when the weighted total score rises above the sensitivity threshold. A sell signal is displayed when the weighted total score falls below zero.
Default settings:
Symbol: USDJPY
Timeframe: 5 minutes
Sensitivity: 10
Index Period: 20
5M Importance: 1
15M Importance: 2
1H Importance: 4
4H Importance: 7
1D Importance: 9
1W Importance: 10
The indicator displays buy and sell arrows, optional background coloring, alert conditions, and score values in the data window. It is designed for chart analysis and signal monitoring only. It does not place trades or perform backtesting.
This script is intended for chart analysis, backtesting support, research, and educational purposes only.
It does not guarantee future performance and should not be considered financial advice.
Please test carefully before using it in any trading decision.
The script evaluates price position across multiple timeframes, including 5-minute, 15-minute, 1-hour, 4-hour, daily, and weekly charts. For each timeframe, it calculates where the current price is located within the recent high-low range and converts that position into a score. These scores are then combined using configurable importance weights.
A buy signal is displayed when the weighted total score rises above the sensitivity threshold. A sell signal is displayed when the weighted total score falls below zero.
Default settings:
Symbol: USDJPY
Timeframe: 5 minutes
Sensitivity: 10
Index Period: 20
5M Importance: 1
15M Importance: 2
1H Importance: 4
4H Importance: 7
1D Importance: 9
1W Importance: 10
The indicator displays buy and sell arrows, optional background coloring, alert conditions, and score values in the data window. It is designed for chart analysis and signal monitoring only. It does not place trades or perform backtesting.
This script is intended for chart analysis, backtesting support, research, and educational purposes only.
It does not guarantee future performance and should not be considered financial advice.
Please test carefully before using it in any trading decision.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.