A Five-Time-Frame Price Comparison Trend Dashboard
Summary
This indicator displays five dots that summarize price direction across five progressively slower candle intervals derived from the chart’s current time frame. For each interval, it compares the current close with a selected reference, such as the open, median price, typical price, total price, or weighted close. A dot is colored to show whether price is above or below that reference. A separate marker summarizes whether all five comparisons agree or are mixed.
When a uniformly colored run gives way to mixed readings, the indicator marks a possible reversal and displays the length of the preceding run. The author presents that count as context for judging the run’s strength or considering position size, not as a confirmed forecast. The individual dots can be hidden to reduce chart clutter, and the comparison reference can be changed in the settings. The document explains the display and includes implementation logic, but provides no backtest or evidence of predictive accuracy; reversal markers should therefore be treated as exploratory signals.
Key ideas
- The dashboard compares the current close with reference prices across five progressively slower candle intervals.
- Dot colors show whether price is above or below each interval’s selected reference.
- A summary marker indicates when all five comparisons agree and uses a distinct symbol when they are mixed.
- A shift from unanimous readings to mixed readings marks a possible reversal and reports the prior run length.
- The document describes an indicator, not a tested strategy, and gives no evidence of signal accuracy.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.