This script follows the idea of popular "Technical Analysis Summary" on Tradingview. A lot of different Exchanges and Platforms uses the same approach too. tradingview.com/symbols/BTCUSDT/technicals/
I have also coded optimizers to find profitable settings faster.
Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals.
Calculations These are the criteria used to determine the rating of the individual indicators used. Note that changes from the last bar are used to determine falling or rising states. Please turn on recalculate after every tick in Properties tab, to use this strategy as indicator and see indicator working in real time - without waiting for a bar close.
All Moving Averages Buy — MA value < price Sell — MA value > price Neutral — MA value = price
Ichimoku Cloud Buy — base line < price and conversion line crosses price from below and lead line 1 > price and lead line 1 > lead line 2 Sell — base line > price and conversion line crosses price from above and lead line 1 < price and lead line 1 < lead line 2 Neutral — neither Buy nor Sell
Relative Strength Index Buy — indicator < 30 and rising Sell — indicator > 70 and falling Neutral — neither Buy nor Sell
Stochastic Buy — main line < 20 and main line crosses over the signal line Sell — main line > 80 and main line crosses under the signal line Neutral — neither Buy nor Sell
Commodity Channel Index Buy — indicator < -100 and rising Sell — indicator > 100 and falling Neutral — neither Buy nor Sell
Average Directional Index Buy — indicator > 20 and +DI line crosses over -DI line Sell — indicator > 20 and +DI line crosses under -DI line Neutral — neither Buy nor Sell
Awesome Oscillator Buy — saucer and values are greater than 0, or cross over the zero line Sell — saucer and values are lower than 0, or cross under the zero line Neutral — neither Buy nor Sell
Momentum Buy — indicator values are rising Sell — indicator values are falling Neutral — neither Buy nor Sell
Williams Percent Range Buy — indicator < lower band and rising Sell — indicator > upper band and falling Neutral — neither Buy nor Sell
Bulls and Bears Power Buy — uptrend and BearPower < zero and BearPower is rising Sell — downtrend and BullPower > zero and BullPower is falling Neutral — neither Buy nor Sell
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The numerical value of the Sell rating is -1, Neutral is 0 and Buy is 1. The group and overall ratings are calculated as the average of the ratings of the individual indicators.
Recommendations for the group or overall ratings are based on this numerical rating value and determined according to the following criteria:
— Strong Sell — Sell — Neutral — Buy — Strong Buy Background color is displayed for Buy or Sell based on your Buy Score input and Sell Score input value.
Release Notes
New Andean Oscillator + modified other Oscillators to make them smarter with additional rules.
Release Notes
Updated tooltip of used indicators.
Release Notes
Swing Trade/One Way Mode way of trading available.
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