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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.