OPEN-SOURCE SCRIPT
LK Ultimate 5m Master PRO
A 5-minute execution indicator built for structured intraday trading. This script combines a true 5-minute opening range, higher-timeframe trend context, a 15-minute setup filter, a configurable moving average filter, and an optional UT Bot confirmation module into one clean workflow.
What it does
Captures the true 5-minute opening range and plots its high/low as support and resistance.
Reads the 1-hour regime to identify bullish expansion, bearish expansion, or compression.
Evaluates the last closed 15-minute candle for setup quality.
Uses a single configurable moving average for execution filtering, with 20 SMA as the default.
Includes an optional UT Bot filter that can be used either as confirmation or as a standalone signal engine.
Displays a compact dashboard so the chart stays clean.
Uses simple visual outputs such as lines, bar colors, and small signal markers.
How to use it
Apply the script to a 5-minute chart.
Keep the default 20 SMA unless you want a faster or smoother filter.
Watch the ORB levels after the opening range is locked.
Use the 1H regime and 15M setup rows in the dashboard to judge whether conditions support long or short execution.
Use UT Bot in Confirm mode if you want extra filtering.
Longs are strongest when price is above the MA, above ORB resistance, and the higher-timeframe conditions are aligned.
Shorts are strongest when price is below the MA, below ORB support, and the higher-timeframe conditions are aligned.
Notes
Best used for intraday execution on the 5-minute chart.
The script is designed to reduce clutter by keeping most information in the dashboard rather than plotting many indicators directly on the chart.
Test settings on your market and session before relying on them live.
What it does
Captures the true 5-minute opening range and plots its high/low as support and resistance.
Reads the 1-hour regime to identify bullish expansion, bearish expansion, or compression.
Evaluates the last closed 15-minute candle for setup quality.
Uses a single configurable moving average for execution filtering, with 20 SMA as the default.
Includes an optional UT Bot filter that can be used either as confirmation or as a standalone signal engine.
Displays a compact dashboard so the chart stays clean.
Uses simple visual outputs such as lines, bar colors, and small signal markers.
How to use it
Apply the script to a 5-minute chart.
Keep the default 20 SMA unless you want a faster or smoother filter.
Watch the ORB levels after the opening range is locked.
Use the 1H regime and 15M setup rows in the dashboard to judge whether conditions support long or short execution.
Use UT Bot in Confirm mode if you want extra filtering.
Longs are strongest when price is above the MA, above ORB resistance, and the higher-timeframe conditions are aligned.
Shorts are strongest when price is below the MA, below ORB support, and the higher-timeframe conditions are aligned.
Notes
Best used for intraday execution on the 5-minute chart.
The script is designed to reduce clutter by keeping most information in the dashboard rather than plotting many indicators directly on the chart.
Test settings on your market and session before relying on them live.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.