mod note:
Instead of tiling 4 different charts across multiple monitors, this study pulls data from higher timeframes and synthesizes it directly onto a single 5-minute chart.
Core Framework
The indicator breaks down market structure across four distinct roles:
---
On-Chart Dashboard Readout
The study generates color-coded labels at the top of your chart that tell you exactly where all timeframes stand in real time:
---
How to Use It
1. Set your chart to a 5-minute timeframe. (If applied to another aggregation period, a yellow warning label will appear).
2. Look at the ACTION label first:
* If it says WAIT, the higher timeframes are in conflict, daily is neutral, or 15m is compressing. Sit on your hands.
* If it says WATCH, you have directional permission from Daily and 15M without running directly into 1H key levels. Wait for a 5M trigger bar.
* If it says CONFIRMED EXECUTE, all four timeframes are aligned, a signal arrow prints, and an alert will trigger (if enabled).
One-Chart Multi-Timeframe Decision Dashboard for thinkScript (5-Min Focus)
For use when trading a multi-timeframe framework.Instead of tiling 4 different charts across multiple monitors, this study pulls data from higher timeframes and synthesizes it directly onto a single 5-minute chart.
Core Framework
The indicator breaks down market structure across four distinct roles:
- Daily Bar = Regime (Directional Permission): Filters trades so you only trade in alignment with daily trend bias (or warns you when the daily chart is in a transition phase).
- 1-Hour Chart = Location: Maps key high/low reference levels from recent 1-hour lookbacks and calculates room to run in ATR. It prevents you from buying directly into 1H resistance or shorting into 1H support.
- 15-Minute Chart = Setup: Tracks EMA separation normalized by 15-minute ATR to determine if the medium-term move is expanding, contracting, building, or compressing.
- 5-Minute Chart = Trigger: Handles execution. Looks for price acceptance relative to VWAP and the 9 EMA, combined with a break of the prior 5-minute bar.
---
On-Chart Dashboard Readout
The study generates color-coded labels at the top of your chart that tell you exactly where all timeframes stand in real time:
| Label | What It Tracks |
|---|---|
| DAILY | Bull Permission, Bear Permission, or Transition / No Bias |
| 1H LOCATION | Shows whether price is at Support, Resistance, Lower Range, Upper Range, or Mid-Range |
| 15M SETUP | Bull/Bear Expanding, Bull/Bear Fading, Building, or Compression |
| 5M TRIGGER | Bull/Bear Break, State Wait, or Not Ready |
| ACTION | CONFIRMED EXECUTE, WATCH (Need 5M Trigger), or WAIT (Conflict/Compression) |
| TARGET | Displays distance to nearest 1H support/resistance target measured in 5M ATR |
---
How to Use It
1. Set your chart to a 5-minute timeframe. (If applied to another aggregation period, a yellow warning label will appear).
2. Look at the ACTION label first:
* If it says WAIT, the higher timeframes are in conflict, daily is neutral, or 15m is compressing. Sit on your hands.
* If it says WATCH, you have directional permission from Daily and 15M without running directly into 1H key levels. Wait for a 5M trigger bar.
* If it says CONFIRMED EXECUTE, all four timeframes are aligned, a signal arrow prints, and an alert will trigger (if enabled).
Code:
# ONE-CHART MULTI-TIMEFRAME DECISION DASHBOARD
# Designed to run on a 5-minute chart
# Daily = regime | 1 Hour = location | 15 Minute = setup | 5 Minute = trigger
# ANTWERKS 08/19/2026
declare upper;
input fastLength = 9;
input slowLength = 34;
input atrLength = 14;
input hourlyLevelLookback = 20;
input meaningfulSeparationATR = 0.15;
input compressionSeparationATR = 0.10;
input hourlyLevelToleranceATR = 0.35;
input showPriorDayLevels = yes;
input showHourlyLevels = yes;
input showSignalArrows = yes;
input showDashboard = yes;
input enableAlerts = no;
Assert(fastLength < slowLength,
"fastLength must be less than slowLength");
Assert(hourlyLevelLookback > 1,
"hourlyLevelLookback must be greater than 1");
def correctChart = GetAggregationPeriod() == AggregationPeriod.FIVE_MIN;
# ============================================================
# DAILY REGIME -- DIRECTIONAL PERMISSION
# Uses the developing daily bar so the label reflects today's movement.
# ============================================================
def dayClose = close(period = AggregationPeriod.DAY);
def dayHigh = high(period = AggregationPeriod.DAY);
def dayLow = low(period = AggregationPeriod.DAY);
def dayFastEMA = ExpAverage(dayClose, fastLength);
def daySlowEMA = ExpAverage(dayClose, slowLength);
def dailyBull =
dayClose > daySlowEMA and
dayFastEMA > daySlowEMA and
daySlowEMA >= daySlowEMA[1];
def dailyBear =
dayClose < daySlowEMA and
dayFastEMA < daySlowEMA and
daySlowEMA <= daySlowEMA[1];
def dailyTransition = !dailyBull and !dailyBear;
plot PriorDayHigh =
if showPriorDayLevels then dayHigh[1] else Double.NaN;
PriorDayHigh.SetDefaultColor(Color.BLUE);
PriorDayHigh.SetStyle(Curve.LONG_DASH);
PriorDayHigh.SetLineWeight(1);
PriorDayHigh.HideBubble();
PriorDayHigh.HideTitle();
plot PriorDayLow =
if showPriorDayLevels then dayLow[1] else Double.NaN;
PriorDayLow.SetDefaultColor(Color.BLUE);
PriorDayLow.SetStyle(Curve.LONG_DASH);
PriorDayLow.SetLineWeight(1);
PriorDayLow.HideBubble();
PriorDayLow.HideTitle();
# ============================================================
# ONE-HOUR LOCATION -- LEVELS AND RANGE POSITION
# Levels exclude the developing hourly candle.
# ============================================================
def hourHigh = high(period = AggregationPeriod.HOUR);
def hourLow = low(period = AggregationPeriod.HOUR);
def hourClose = close(period = AggregationPeriod.HOUR);
def hourATR = WildersAverage(
TrueRange(hourHigh, hourClose, hourLow), atrLength);
def safeHourATR = if hourATR > 0 then hourATR else TickSize();
def hourlyResistance = Highest(hourHigh[1], hourlyLevelLookback);
def hourlySupport = Lowest(hourLow[1], hourlyLevelLookback);
def hourlyMid = (hourlyResistance + hourlySupport) / 2;
def hourlyWidth = hourlyResistance - hourlySupport;
def hourlyRangePosition =
if hourlyWidth > 0
then (close - hourlySupport) / hourlyWidth
else 0.50;
def nearHourlySupport =
close <= hourlySupport + hourlyLevelToleranceATR * safeHourATR;
def nearHourlyResistance =
close >= hourlyResistance - hourlyLevelToleranceATR * safeHourATR;
def lowerHourlyRange =
!nearHourlySupport and !nearHourlyResistance and
hourlyRangePosition < 0.35;
def upperHourlyRange =
!nearHourlySupport and !nearHourlyResistance and
hourlyRangePosition > 0.65;
def middleHourlyRange =
!nearHourlySupport and !nearHourlyResistance and
!lowerHourlyRange and !upperHourlyRange;
plot HourResistance =
if showHourlyLevels then hourlyResistance else Double.NaN;
HourResistance.SetDefaultColor(Color.RED);
HourResistance.SetStyle(Curve.SHORT_DASH);
HourResistance.SetLineWeight(2);
HourResistance.HideBubble();
HourResistance.HideTitle();
plot HourSupport =
if showHourlyLevels then hourlySupport else Double.NaN;
HourSupport.SetDefaultColor(Color.GREEN);
HourSupport.SetStyle(Curve.SHORT_DASH);
HourSupport.SetLineWeight(2);
HourSupport.HideBubble();
HourSupport.HideTitle();
plot HourMidline =
if showHourlyLevels then hourlyMid else Double.NaN;
HourMidline.SetDefaultColor(Color.GRAY);
HourMidline.SetStyle(Curve.POINTS);
HourMidline.SetLineWeight(1);
HourMidline.HideBubble();
HourMidline.HideTitle();
# ============================================================
# FIFTEEN-MINUTE SETUP -- TREND, TRANSITION, OR COMPRESSION
# EMA separation is normalized by the 15-minute ATR.
# ============================================================
def close15 = close(period = AggregationPeriod.FIFTEEN_MIN);
def high15 = high(period = AggregationPeriod.FIFTEEN_MIN);
def low15 = low(period = AggregationPeriod.FIFTEEN_MIN);
def fastEMA15 = ExpAverage(close15, fastLength);
def slowEMA15 = ExpAverage(close15, slowLength);
def atr15 = WildersAverage(TrueRange(high15, close15, low15), atrLength);
def separation15 =
if atr15 > 0 then (fastEMA15 - slowEMA15) / atr15 else 0;
def fifteenCompression =
AbsValue(separation15) <= compressionSeparationATR;
def fifteenBullTrend =
separation15 >= meaningfulSeparationATR and
close15 > slowEMA15;
def fifteenBearTrend =
separation15 <= -meaningfulSeparationATR and
close15 < slowEMA15;
def fifteenBullTransition =
separation15 > compressionSeparationATR and
separation15 < meaningfulSeparationATR;
def fifteenBearTransition =
separation15 < -compressionSeparationATR and
separation15 > -meaningfulSeparationATR;
def fifteenBullExpanding =
separation15 > 0 and separation15 > separation15[1];
def fifteenBullContracting =
separation15 > 0 and separation15 < separation15[1];
def fifteenBearExpanding =
separation15 < 0 and separation15 < separation15[1];
def fifteenBearContracting =
separation15 < 0 and separation15 > separation15[1];
# ============================================================
# FIVE-MINUTE EXECUTION -- CURRENT-CHART TRIGGER
# Trigger requires price acceptance above/below the 9 EMA and VWAP,
# plus a break of the preceding 5-minute candle.
# ============================================================
def fastEMA5 = ExpAverage(close, fastLength);
def slowEMA5 = ExpAverage(close, slowLength);
def sessionVWAP = VWAP();
def atr5 = WildersAverage(TrueRange(high, close, low), atrLength);
def fiveBullState =
close > fastEMA5 and
fastEMA5 > slowEMA5 and
close > sessionVWAP;
def fiveBearState =
close < fastEMA5 and
fastEMA5 < slowEMA5 and
close < sessionVWAP;
def fiveBullTrigger =
fiveBullState and
close > high[1] and
close > open;
def fiveBearTrigger =
fiveBearState and
close < low[1] and
close < open;
# ============================================================
# SYNTHESIS -- REGIME + LOCATION + SETUP + TRIGGER
# Higher-timeframe agreement grants permission; the 5-minute bar executes.
# ============================================================
def longPermission =
dailyBull and
(fifteenBullTrend or fifteenBullTransition) and
!nearHourlyResistance;
def shortPermission =
dailyBear and
(fifteenBearTrend or fifteenBearTransition) and
!nearHourlySupport;
def longExecute = longPermission and fiveBullTrigger;
def shortExecute = shortPermission and fiveBearTrigger;
def longWatch = longPermission and !fiveBullTrigger;
def shortWatch = shortPermission and !fiveBearTrigger;
def longRoomATR =
if atr5 > 0 then (hourlyResistance - close) / atr5 else 0;
def shortRoomATR =
if atr5 > 0 then (close - hourlySupport) / atr5 else 0;
# ============================================================
# SIGNALS
# ============================================================
plot LongArrow =
if showSignalArrows and longExecute and !longExecute[1]
then low - 0.20 * atr5
else Double.NaN;
LongArrow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
LongArrow.SetDefaultColor(Color.GREEN);
LongArrow.SetLineWeight(3);
plot ShortArrow =
if showSignalArrows and shortExecute and !shortExecute[1]
then high + 0.20 * atr5
else Double.NaN;
ShortArrow.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
ShortArrow.SetDefaultColor(Color.RED);
ShortArrow.SetLineWeight(3);
# ============================================================
# DASHBOARD
# ============================================================
AddLabel(showDashboard and !correctChart,
"WARNING: USE ON 5-MINUTE CHART",
Color.YELLOW);
AddLabel(showDashboard,
if dailyBull then "DAILY: BULL PERMISSION"
else if dailyBear then "DAILY: BEAR PERMISSION"
else "DAILY: TRANSITION / NO BIAS",
if dailyBull then Color.GREEN
else if dailyBear then Color.RED
else Color.YELLOW);
AddLabel(showDashboard,
if nearHourlySupport then
"1H LOCATION: SUPPORT " + Round(hourlySupport, 2)
else if nearHourlyResistance then
"1H LOCATION: RESISTANCE " + Round(hourlyResistance, 2)
else if lowerHourlyRange then "1H LOCATION: LOWER RANGE"
else if upperHourlyRange then "1H LOCATION: UPPER RANGE"
else "1H LOCATION: MID-RANGE",
if nearHourlySupport then Color.GREEN
else if nearHourlyResistance then Color.RED
else if lowerHourlyRange or upperHourlyRange then Color.CYAN
else Color.GRAY);
AddLabel(showDashboard,
if fifteenBullTrend and fifteenBullExpanding then
"15M SETUP: BULL EXPANDING"
else if fifteenBullTrend and fifteenBullContracting then
"15M SETUP: BULL FADING"
else if fifteenBearTrend and fifteenBearExpanding then
"15M SETUP: BEAR EXPANDING"
else if fifteenBearTrend and fifteenBearContracting then
"15M SETUP: BEAR FADING"
else if fifteenBullTransition then "15M SETUP: BULL BUILDING"
else if fifteenBearTransition then "15M SETUP: BEAR BUILDING"
else if fifteenCompression then "15M SETUP: COMPRESSION"
else "15M SETUP: MIXED",
if fifteenBullTrend and fifteenBullExpanding then Color.GREEN
else if fifteenBearTrend and fifteenBearExpanding then Color.RED
else if fifteenBullTrend or fifteenBearTrend then Color.YELLOW
else if fifteenBullTransition or fifteenBearTransition then Color.CYAN
else Color.GRAY);
AddLabel(showDashboard,
if fiveBullTrigger then "5M TRIGGER: BULL BREAK"
else if fiveBearTrigger then "5M TRIGGER: BEAR BREAK"
else if fiveBullState then "5M TRIGGER: BULL STATE / WAIT"
else if fiveBearState then "5M TRIGGER: BEAR STATE / WAIT"
else "5M TRIGGER: NOT READY",
if fiveBullTrigger then Color.GREEN
else if fiveBearTrigger then Color.RED
else if fiveBullState or fiveBearState then Color.YELLOW
else Color.GRAY);
AddLabel(showDashboard,
if longExecute then "ACTION: CONFIRMED LONG EXECUTE"
else if shortExecute then "ACTION: CONFIRMED SHORT EXECUTE"
else if longWatch then "ACTION: LONG WATCH - NEED 5M TRIGGER"
else if shortWatch then "ACTION: SHORT WATCH - NEED 5M TRIGGER"
else if dailyTransition then "ACTION: WAIT - DAILY TRANSITION"
else if fifteenCompression then "ACTION: WAIT - 15M COMPRESSION"
else "ACTION: WAIT - TIMEFRAMES CONFLICT",
if longExecute then Color.GREEN
else if shortExecute then Color.RED
else if longWatch or shortWatch then Color.YELLOW
else Color.GRAY);
AddLabel(showDashboard and (longPermission or shortPermission),
if longPermission then
"TARGET: 1H R " + Round(hourlyResistance, 2) +
" | ROOM " + Round(longRoomATR, 1) + " ATR"
else
"TARGET: 1H S " + Round(hourlySupport, 2) +
" | ROOM " + Round(shortRoomATR, 1) + " ATR",
Color.CYAN);
Alert(enableAlerts and longExecute and !longExecute[1],
"CONFIRMED LONG EXECUTE", Alert.BAR, Sound.Ding);
Alert(enableAlerts and shortExecute and !shortExecute[1],
"CONFIRMED SHORT EXECUTE", Alert.BAR, Sound.Ding);
Last edited by a moderator:
