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Multi-Indicator Scoring Table

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This indicator is a comprehensive technical analysis system designed to quantify market sentiment and visualize key dynamic levels. It aggregates signals from 9 different technical indicators into a single "Total Score" while simultaneously plotting a complete roadmap of Support and Resistance levels on your chart.

By combining Trend Following (EMAs, PSAR), Momentum (MACD, RSI), and Volatility (Bollinger Bands) metrics, this tool provides traders with an immediate snapshot of market confluence.

snapshot

Above: A clear example of a Strong Bullish Trend (Total Score: 10). Notice how the price is riding above all EMAs, which are acting as dynamic support levels.

How It Works

The script performs two main functions: it scores the current price action against a basket of technical indicators, and it visualizes these indicators as dynamic interaction zones.

1. Dynamic Support & Resistance
Unlike static horizontal lines, this script plots moving averages and volatility bands that adapt to price action.

Resistance: Any plotted line (EMA, Bollinger Band, or PSAR) located above the current price acts as a potential Resistance level. These are areas where price may struggle to break through.
Support: Any plotted line located below the current price acts as a potential Support level. These are areas where price may find a "floor" and bounce.

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Above: A Bearish Scenario (Total Score: -10). The EMAs and Bollinger Bands are now above the price, acting as layers of resistance. The table confirms the negative sentiment with red scores.

2. Strategic Application: Adding Liquidity
This tool is particularly useful for traders looking to scale into positions (add liquidity) rather than entering all at once.

Buying the Dip: When the Total Score is positive, traders can look at the plotted EMAs below the price as "Buy Zones." If the price retraces to the EMA 30 or EMA 65, it may act as dynamic support.
Selling the Rip: When the Total Score is negative, the lines above the price act as resistance. A rally back up to the EMA 15 or the Bollinger Basis can be viewed as an opportunity to add to a short position.

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Above: The "Dist %" column in action. This column calculates exactly how far away the price is from these Support/Resistance levels, helping you gauge if a breakout or a rejection is imminent.

3. The Scoring Logic
The dashboard assigns a weighted numerical score to each indicator based on specific bullish or bearish conditions. The Total Score ranges from -10 (Maximum Bearishness) to +10 (Maximum Bullishness).

Bollinger Bands: ±2 Points for Reversion (Overbought/Oversold), ±1 Point for Trend (Above/Below Basis).
RSI: ±2 Points based on the 50 level.
MACD: ±1 Point based on Signal Line crossover.
Parabolic SAR: ±1 Point based on trend direction.
EMAs: ±1 Point for each of the 5 EMAs (Default: 9, 15, 30, 65, 200).

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Above: A transitional market phase. The score is mixed (Yellow/Orange), indicating the market is consolidating or reversing. This warns the trader to be cautious.

4. The Dashboard (Table Breakdown)
The on-chart table provides a real-time data feed with three columns:

Indicator: The name of the tool. EMA labels update dynamically based on your settings.
Score: The current contribution of that indicator (Green for Bullish, Red for Bearish).
Dist % / Value: Displays the % distance to Support/Resistance or the raw value for oscillators like RSI/MACD.

snapshot

Above: A long-term view (Weekly/Monthly) showing how the indicator helps visualize macro trends and major support levels like the 200 EMA.

Settings & Customization
The script is fully modular. You can adjust every parameter via the settings menu, organized into specific groups:

Bollinger Bands: Adjust Length, Multiplier, and Source.
MACD: Tune Fast, Slow, and Signal lengths.
RSI: Change Length and Source.
Parabolic SAR: Modify Start, Increment, and Max values.
EMAs: Individually configure the lengths of all 5 Moving Averages.

Disclaimer
This tool is for informational purposes only and DOES NOT constitute financial advice. Always manage your risk.

Wyłączenie odpowiedzialności

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