OPEN-SOURCE SCRIPT

Michael Lipsius

206
Title: Michael Multi-Timeframe Trend Dashboard (HTF Bias & LTF Execution)

Description:

Overview This indicator is a specialized Top-Down Analysis tool designed to assist traders in identifying the dominant market direction across multiple timeframes instantly. Built around the principles of Michael's Trading Strategy and institutional trend following, this dashboard eliminates the noise and provides a clear, color-coded directional bias (Prognosis) for both High Time Frame (HTF) structure and Low Time Frame (LTF) momentum.

Core Functionality The dashboard generates a real-time matrix displayed directly on the chart, analyzing price action relative to the 50-period Exponential Moving Average (EMA). This specific metric is chosen to filter out minor fluctuations and reveal the true institutional flow of money.

1. High Time Frame (HTF) Prognosis – The "Compass" The indicator monitors the Daily (D1) and 4-Hour (H4) timeframes to establish the macro trend.

Bullish 🟢: Price is holding above the 50 EMA. This indicates that Smart Money is accumulating, and traders should focus primarily on Long setups.

Bearish 🔴: Price is trading below the 50 EMA. This suggests institutional distribution, meaning Short setups have a higher probability of success.

Purpose: The HTF modules act as your safety filter. By respecting the D1/H4 signals, you avoid trading against the major trend, significantly reducing the risk of being stopped out by macro flows.

2. Low Time Frame (LTF) Execution – The "Trigger" Simultaneously, the indicator analyzes the 1-Hour (H1) and 15-Minute (M15) timeframes.

These timeframes are crucial for timing entries and managing intraday volatility.

Conflict Warning: If the HTF is Bullish (Green) but the LTF is Bearish (Red), the market is likely in a pullback phase. This warns the trader to wait for the LTF to realign with the HTF before entering.

How to Use This Tool This dashboard is designed to be the first step in your trading routine:

Check Confluence: Look for a "Full Green" or "Full Red" board. When D1, H4, and H1 align, the probability of a successful trade increases exponentially.

Identify Pullbacks: If D1/H4 are Green, but M15 is Red, do not sell. Instead, treat this as a discount phase and wait for the M15 to flip back to Green for a high-precision entry.

Risk Management: Use the HTF bias to determine your risk exposure. Trade with full risk only when HTF and LTF are aligned.

Settings & Customization

Table Position: Fully adjustable (Top Right, Bottom Right, etc.) to fit your workspace.

EMA Period: Default is set to 50 (Standard Michael Strategy), but can be adjusted to fit other strategies.

Visuals: Clean, non-intrusive design with clear color coding for instant readability.

Disclaimer This tool is for informational purposes only and serves as a trend-confirmation aid. It should be used in conjunction with price action analysis, key levels, and proper risk management.

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