I don't know if you are aware that the 1954 truck offered a cup type turn signal switch assembly instead of the clamp on type.
Also there is single indicator light socket that goes between the 0 mph and the 90 mph numbers on the speedometer.
1954 was the first year that Chevrolet offered this type of turn signal for their trucks.
It is the same cup turn signal switch assembly that is used on the 53-54 Chevrolet passenger car.
Below link is the wiring diagram for the cup type turn signal switch assembly.
1954 Truck Directional SignalsIllustration
Group # 6.512 cover Where to Find
(1954-56) Turnsignal Cup Assembly xfiles