How to Create a Simple MTF Trend Dashboard with EMA and SMA

This indicator builds a compact multi-timeframe (MTF) dashboard that shows whether price is trading above or below a long-term moving average on several timeframes at once. It helps you quickly align trend bias across 5M, 15M, 1H, 4H, and Daily without switching charts.

//————————————————————–//
// INDICATOR: MTF_Trend_Dashboard
//————————————————————–//
DEFPARAM DrawOnLastBarOnly = true
// 1. DATA COLLECTION FROM MULTIPLE TIMEFRAMES
// Timeframe 1: 5 Minutes
TIMEFRAME(5 minutes)
sma5M = Average[200](close)
cond5M = close > sma5M

// Timeframe 2: 15 Minutes
TIMEFRAME(15 minutes)
sma15M = Average[200](close)
cond15M = close > sma15M

// Timeframe 3: 1 Hour
TIMEFRAME(1 hour)
sma1H = Average[200](close)
cond1H = close > sma1H

// Timeframe 4: 4 Hours
TIMEFRAME(4 hours)
sma4H = Average[200](close)
cond4H = close > sma4H

// Timeframe 5: Daily
TIMEFRAME(daily)
sma1D = Average[200](close)
cond1D = close > sma1D

Timeframe(default)
// 2. DASHBOARD RENDERING (Only on the last bar)
IF IsLastBarUpdate THEN
// Table Headers
//——————————————————————————————————————–
drawrectangle(-250,0,-10,-40) anchor(TopRight) coloured("LightGray") bordercolor("Black")
drawtext (" 5M | 15M | 1H | 4H | 1D ", -130,-10, SansSerif, Bold, 12) anchor(TopRight) coloured("Black")
//——————————————————————————————————————–
// Status Indicators (Row 1: Price vs 200 SMA)
// 5M
IF cond5M THEN
DRAWTEXT(" BULL ", -215, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Green")
ELSIF Not cond5M THEN
DRAWTEXT(" BEAR ", -215, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Red")
ENDIF
//
// 15M
IF cond15M THEN
DRAWTEXT(" BULL ", -170, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Green")
ELSIF Not cond15M THEN
DRAWTEXT(" BEAR ", -170, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Red")
ENDIF
//
// 1H
IF cond1H THEN
DRAWTEXT(" BULL ", -125, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Green")
ELSIF Not cond1H THEN
DRAWTEXT(" BEAR ", -125, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Red")
ENDIF
//
// 4H
IF cond4H THEN
DRAWTEXT(" BULL ", -80, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Green")
ELSIF Not cond4H THEN
DRAWTEXT(" BEAR ", -80, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Red")
ENDIF
//
// 1D
IF cond1D THEN
DRAWTEXT(" BULL ", -35, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Green")
ELSIF Not cond1D THEN
DRAWTEXT(" BEAR ", -35, -25, SansSerif, Bold, 10) anchor(TopRight) coloured("Red")
ENDIF
ENDIF
RETURN

Code Logic

• DEFPARAM DrawOnLastBarOnly = true: Limits drawing operations to the most recent bar, reducing clutter and improving performance for dashboard-style overlays.
• TIMEFRAME(5 minutes) … TIMEFRAME(daily): Switches the data context so each moving average and condition is calculated using that timeframe’s candles (not the chart’s current timeframe).
• sma5M, sma15M, sma1H, sma4H, sma1D: Each variable stores a 200-period simple moving average computed with Average[200](close) in its respective timeframe.
• cond5M, cond15M, cond1H, cond4H, cond1D: Boolean flags that evaluate trend bias as price above the 200 SMA (bullish) or not (bearish).
• Timeframe(default): Returns the script to the chart’s original timeframe so the drawing coordinates and update cycle are handled in the main context.
• IF IsLastBarUpdate THEN: Ensures the dashboard is rendered only when the last bar is updating, avoiding repeated historical drawing and keeping the panel stable.
• drawrectangle(…): Creates the dashboard background panel; anchor(TopRight) pins it to the top-right of the chart window.
• drawtext(…) (header): Prints the timeframe labels in a single row to align with the status cells below.
• DRAWTEXT(” BULL “) / DRAWTEXT(” BEAR “): Displays a green bullish label when the corresponding cond* is true, otherwise a red bearish label; each label uses different X offsets to form columns.
• RETURN: Ends the indicator after drawing the dashboard (there are no plotted lines in this script).

Notes and Practical Use

This dashboard is a quick trend filter: for example, you can require multiple timeframes to show BULL before taking long setups, or treat mixed readings as a consolidation/range warning. Although the title mentions EMA, the provided implementation uses a 200-period SMA via Average[200]; you can add EMA logic separately if you want a dual-meter display.*

Interpretation tip: A common approach is to prioritize higher timeframes (4H, 1D) for directional bias, and use lower timeframes (5M, 15M) for timing entries in the same direction.