MTF Candle Direction Forecast + Breakdown

🧭 MTF Candle Direction Forecast + Breakdown 🔥📈🔼
This script is a multi-timeframe (MTF) price action dashboard that helps traders assess real-time directional bias across five customizable timeframes — with a focus on candle behavior, trend alignment, and confidence strength.

📌 What It Does
For each timeframe, this dashboard summarizes:

• Current direction → Bullish, Bearish, or Neutral
  
• Confidence score (0–100) → How strongly price is likely to continue in that direction
  
• Candle strength → 🔥 icon appears if the current candle has a large body relative to its range
  
• Trend alignment:
  📈 = EMA9 is above EMA20
  🔼 = Price is above VWAP
  
• Color-coded background to visually reinforce directional state
  

Each row gives you a visual “at-a-glance” readout of what price is doing right now — not in the past.

💡 Why It’s Useful
✅ Direction forecasting based on price action

• Instead of lagging indicators, this script prioritizes:
  
• Candle body-to-range ratio (momentum)
  
• Real-time VWAP/EMA structure
  
• Immediate price positioning
  

✅ Confidence is quantified
The score (0–100) helps you judge how reliable each directional signal is:

• 90+ → Strong conviction
  
• 50–70 → Mixed but potentially valid
  
• <40 → Weak move or early signal
  

✅ Timeframe confluence at a glance
See whether multiple timeframes are aligning directionally — helpful for scalping, day trading, or waiting for multi-timeframe breakout setups.

✅ Visual & intuitive
Icons, colors, and layout make it easy to scan your dashboard instead of deciphering charts or code.

🛠️ Adjustable Settings
Setting Description

• Timeframe 1–5 Choose any timeframes to monitor (e.g., 5m, 15m, 1h, 4h)
  
• Candle Display Mode Show trend color via emoji (🟢/🔴) or background shading
  
• Strong Candle Threshold Adjust the body-to-range % needed to trigger 🔥 strength
  
• Bullish/Bearish Background Customize label color coding
  
• Neutral Background (opacity) Set transparency or styling for flat/consolidating zones
  
• Table Location Place the dashboard anywhere on the chart
  

🎯 Use Cases

1. Scalpers: Confirm trend across 1m/5m/15m before entering
   
2. Day Traders: Use confidence score to avoid low-momentum setups
   
3. Swing Traders: Monitor higher timeframes for trend shifts while tracking intraday noise
   
4. VWAP/EMA traders: Quickly see when price is reclaiming or losing critical trend levels
   

🧠 What Makes It Unique?

1. Unlike generic trend meters or mashups of standard indicators, this script:
   
2. Uses live candle dynamics (not just closes or lagging values)
   
3. Computes directional bias and confidence together
   
4. Visualizes strength and structure in a compact, readable interface
   
5. Let’s you filter by price action, not just indicator alignment
   

💥 Why Traders Love Will Love It

• ✅ Instant clarity on which timeframes agree
  
• ✅ No more guessing candle strength or trend health
  
• ✅ Confidence score keeps you out of weak trades
  
• ✅ Works with any strategy — trend following, VWAP reclaim, EMA scalps, even breakouts
  
• ✅ Keeps your chart clean — all the context, none of the clutter
  

⚠️ Transparency🧬 Under the Hood

• Powered by live candle body analysis, trend structure (EMA9 vs EMA20), and VWAP placement.
  
• All scores are generated in real-time — No repainting or lookahead bias: all values are computed with

  lookahead=barmerge.lookahead_on

• Confidence scores reflect the current candle only — they do not predict future moves but measure momentum and alignment in real-time
  
• Labels update per bar and respond to subtle shifts in candle structure and trend indicators
  

✅ MTF Trend Snapshot (Live Output Example Shown in Chart Above)
This dashboard gives you a fast, visual summary of market trend and momentum across 5 timeframes. Here's what it's telling you right now:

🕔 5 Minute (5m)

• 📉 EMA Trend: Down
  
• 🔼 Price: Above VWAP
  
• Direction: Bearish (42)
  
• 🟥 Weak bearish bias. Short-term pullback against a stronger trend. Use caution — lower confidence and mixed structure.
  

⏱️ 15 Minute (15m)

• 📈 EMA Trend: Up
  
• 🔼 Price: Above VWAP
  
• Direction: Bullish (73)
  
• 🟩 Clean bullish structure with growing momentum. Solid for intraday confirmation.
  

🕧 30 Minute (30m)

• 📈 EMA Trend: Up
  
• 🔼 Price: Above VWAP
  
• Direction: Bullish (77)
  
• 🟩 Stronger trend forming. Above VWAP and EMAs — building conviction.
  

🕐 1 Hour (1h)

• 📈 EMA Trend: Up
  
• 🔼 Price: Above VWAP
  
• Direction: Bullish (70)
  
• 🟩 Confident, clean trend. Good alignment across indicators. Ideal timeframe for swing entries.
  

🕓 4 Hour (4h)

• 🔥 Strong Candle
  
• 📈 EMA Trend: Up
  
• 🔼 Price: Above VWAP
  
• Direction: Bullish (100)
  
• 🟩 Full trend alignment with max momentum. Strong body candle + structure — high confidence continuation.
  

🧠 Quick Takeaway

1. 🔻 5m is pulling back short term
   
2. ✅ 15m through 4h are fully aligned Bullish
   
3. 🔥 4h has max confidence — big-picture trend is intact
   
4. 📈 Ideal setup for momentum traders looking to ride trend with multi-timeframe confirmation
   

Try pinning this dashboard to your chart during live trading to read price like a story across timeframes, and filter out weak setups with low-confidence noise.