Adaptive Consensus Indicator
What This Indicator Does:
This is an advanced version of the Consensus Indicator Lite that automatically adapts to market cycles.
Key Features:
• Analyzes multiple different indicators simultaneously
• Automatically adjusts to changing market conditions.
• The indicator adapts in real-time.
• Shows a single consensus score combining all signals.
• Displays probabilities
Its a adaptive indicator, it trys to adapt to the market cycles.
How to Read It:
• The main line moves between -100 and +100
• Positive values = Bullish consensus
• Negative values = Bearish consensus
• Values above your threshold (default 70%) = Strong buy signal
• Values below negative threshold (default -70%) = Strong sell signal
• Green background = Strong bullish consensus
• Red background = Strong bearish consensus
Information Table:
The table in the top-right corner shows:
• Buy Probability
• Sell Probability
• Neutral Probability
• Number of active indicators
• Current Cycle
Customization:
• Turn any of the indicators on/off
• Adjust the cycle detection parameters
• Customize support/resistance detection sensitivity
• Set your own threshold for strong signals
Alerts:
Built-in alerts trigger when the consensus crosses into strong buy or strong sell territory.
Best Use:
Perfect for traders who want a sophisticated multi-indicator system that adapts to changing market conditions automatically. Ideal for swing trading and position trading across different timeframes and market environments.
Advantages Over Standard Consensus Indicator:
• More indicators
• Automatic adaptation to market cycles
• Support/Resistance level detection
• Better performance in varying market conditions
• No need to manually adjust periods for different timeframes
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact AdarshShrma directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact AdarshShrma directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.