OPEN-SOURCE SCRIPT

MTF Bias Dashboard

MTF Bias Dashboard

MTF Bias Dashboard is a multi-timeframe trend and confluence dashboard for traders who want fast directional context across liquid markets. It is designed to answer one question quickly:

Is this symbol aligned enough to trade, or should I wait?

The indicator combines 1m, 5m, 15m, 30m, 1H, 4H, and 1D trend data on the active chart symbol, so you can see whether a short-term move is likely part of the bigger trend, a pullback, or a lower-quality conflict.

The Dashboard: Read It From Top To Bottom

ACTION - This is the first cell to read. It gives the current bias state: NO TRADE, WAIT, LONG WATCH, SHORT WATCH, LONG ONLY, SHORT ONLY, LONG BIAS, or SHORT BIAS.
WHY - Explains the main reason behind the action, such as H1/4H disagree, Low volatility, HTF risk, Strong bull confluence, or Bear regime only.
TF Rows - These are diagnostics for each timeframe. Use them to see which timeframe agrees or disagrees.
SESSION - Shows London, New York, London/New York overlap, Asia, or off-hours, plus the session multiplier.

How To Decide If It Is A Good Time To Enter

Start with ACTION.
If ACTION says NO TRADE, do not enter. The dashboard is blocking the setup.
If ACTION says WAIT, there is no clean edge yet.
If ACTION says LONG WATCH or SHORT WATCH, the intraday regime is starting to lean one way, but confluence is not strong enough yet.
If ACTION says LONG ONLY or SHORT ONLY, only look for your own setups in that direction. Do not chase immediately unless your execution plan confirms.
If ACTION says LONG BIAS or SHORT BIAS, confluence is strong in that direction, but entries are still discretionary.
Check WHY before entering. If it says H1/4H disagree, Low volatility, HTF risk, or No clean setup, the trade quality is weaker.
Use the 5m, 15m, 30m, and 1H rows to confirm your entry chart agrees with the active intraday direction.

Dashboard Terms

SCORE - A confluence score from -100 to +100. Positive favors long bias. Negative favors short bias.
H1+4H BULL - 1H and 4H are both bullish enough to prefer long setups.
H1+4H BEAR - 1H and 4H are both bearish enough to prefer short setups.
H1/4H CONFLICT - 1H and 4H disagree. In Aggressive and Balanced presets this is a context warning; in Conservative preset it blocks trades.
HTF RISK - The active intraday direction is fighting 4H or 1D context.
LIVE - Preview score from the currently forming candle. It can change before that timeframe closes.
ATR / EMA - Shows volatility condition and whether that timeframe's EMA stack is bullish, bearish, or mixed.

Chart Lines
The indicator can plot local and higher-timeframe moving averages. These are visual context lines, not automatic entry signals.

Local EMA 9 - Cyan. Fast current-chart momentum.
Local EMA 21 - Yellow. Short-term pullback/momentum guide.
Local EMA 50 - White. Current-chart trend guide.
1H EMA 50 - Orange. 1-hour dynamic support/resistance.
1H EMA 200 - Dark orange. Major 1-hour structure level.
4H EMA 50 - Magenta. 4-hour dynamic support/resistance.
4H EMA 200 - Purple. Major 4-hour structure level.

Practical use: if the dashboard is bearish and price bounces into a level you care about, such as a fib zone or moving average area, the dashboard helps confirm whether the broader intraday context still supports short-only thinking. The same applies in reverse for bullish pullbacks.

How The Trend Score Works
Each timeframe is scored using:

EMA stack alignment.
EMA slope normalized by ATR.
RSI regime and RSI direction.
Price location versus the EMA band.
VWAP location when available.
Volatility quality using ATR versus its baseline.

Bias Presets And Default Weighting

Aggressive - Prioritizes 5m, 15m, 30m, and 1H. 4H is light context.
Balanced - Default. Uses 15m, 30m, and 1H as the main intraday stack, with 4H as context.
Conservative - Requires stronger 1H/4H agreement and gives 4H more influence.
1D - Shown as regime context only. It is not part of the confluence weight.

Confirmed vs Live Preview
The main ACTION, WHY, SCORE, and alerts use confirmed multi-timeframe values to reduce repainting. The LIVE column is only an early preview and can change before the candle closes.

Session Weighting
London, New York, and the London/New York overlap receive higher confidence. Asia and off-hours receive lower confidence because intraday conditions can be less reliable.

Alerts Included

Strong Long Bias
Strong Short Bias
HTF Conflict / No-Trade Warning

Important Notes

This is an indicator, not an automated strategy.
Use it with your own risk management and execution rules.
The dashboard shows multi-timeframe bias and context. It does not mark exact entries.
The cleanest intraday setups usually come when 5m, 15m, 30m, and 1H agree, then price pulls back into a meaningful zone and stalls according to your own execution plan.
4H and 1D are context layers. In Aggressive and Balanced presets they warn about regime risk instead of automatically blocking every trade.
For the cleanest alerts, keep "Alerts only on confirmed chart bars" enabled.

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

igaudette

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Script open-source

igaudette