OPEN-SOURCE SCRIPT
Weather Score 444 — 4 Families × 4 Variants (v6)
Weather Score 444 — 4 Families × 4 Variants (v6)
What it is
A fast, lightweight market “weather” meter. It evaluates 4 core indicator families, each with 4 parameter variants, normalizes their signals, and aggregates them to a composite 0 → 444 readiness score with GO / NO-GO alerts, a badge, painted bars, and a mini table.
Families (each scaled 0–111):
Trend (EMAs): Price vs fast/slow EMAs, stack (fast > slow), and short/long slope checks.
RSI: 4 lengths normalized around the 40–60 balance zone (momentum/mean-reversion context).
MACD (hist z-score): 4 classic MACD sets; histogram is standardized by its own stdev.
ATR %: Current ATR vs its own range/percentile (expansion vs contraction).
Scoring
Each family builds 4 sub-scores (0–10 each) → summed and scaled to 0–111.
Composite = sum of enabled families → 0–444 max.
Signals & visuals
GO ✅ when composite ≥ your threshold (default 80% of max).
NO-GO 🛑 when composite ≤ your threshold (default 20%).
Optional painted bars (soft lime/red).
Badge shows per-family scores + total; Mini Table adds color heat and short notes.
How to use
Add WS444 to your chart, keep defaults for a few sessions to learn the rhythm.
Treat GO as “conditions favorable,” not an auto-entry—confirm with your own triggers (S/R, structure, pullbacks).
Works on any symbol/timeframe; higher TFs produce smoother, more stable scores.
Tuning tips
Raise GO (e.g., 0.85–0.90) for stricter conditions; lower to ~0.70 for more opportunities.
Lower NO-GO to exit faster in poor regimes.
Trend-following? Emphasize Trend + MACD, watch ATR% for expansions. Mean-reversion? Watch RSI behavior around 40–60 and soft ATR%.
Why it’s robust
Multiple variants per family reduce single-setting bias.
Manual MACD and careful normalization keep it Pine v6-friendly and consistent across markets.
No volume dependency—works on crypto, FX, indices, equities, anything.
Notes
Needs some lookback to warm up the longest windows.
Educational tool only — not financial advice.
What it is
A fast, lightweight market “weather” meter. It evaluates 4 core indicator families, each with 4 parameter variants, normalizes their signals, and aggregates them to a composite 0 → 444 readiness score with GO / NO-GO alerts, a badge, painted bars, and a mini table.
Families (each scaled 0–111):
Trend (EMAs): Price vs fast/slow EMAs, stack (fast > slow), and short/long slope checks.
RSI: 4 lengths normalized around the 40–60 balance zone (momentum/mean-reversion context).
MACD (hist z-score): 4 classic MACD sets; histogram is standardized by its own stdev.
ATR %: Current ATR vs its own range/percentile (expansion vs contraction).
Scoring
Each family builds 4 sub-scores (0–10 each) → summed and scaled to 0–111.
Composite = sum of enabled families → 0–444 max.
Signals & visuals
GO ✅ when composite ≥ your threshold (default 80% of max).
NO-GO 🛑 when composite ≤ your threshold (default 20%).
Optional painted bars (soft lime/red).
Badge shows per-family scores + total; Mini Table adds color heat and short notes.
How to use
Add WS444 to your chart, keep defaults for a few sessions to learn the rhythm.
Treat GO as “conditions favorable,” not an auto-entry—confirm with your own triggers (S/R, structure, pullbacks).
Works on any symbol/timeframe; higher TFs produce smoother, more stable scores.
Tuning tips
Raise GO (e.g., 0.85–0.90) for stricter conditions; lower to ~0.70 for more opportunities.
Lower NO-GO to exit faster in poor regimes.
Trend-following? Emphasize Trend + MACD, watch ATR% for expansions. Mean-reversion? Watch RSI behavior around 40–60 and soft ATR%.
Why it’s robust
Multiple variants per family reduce single-setting bias.
Manual MACD and careful normalization keep it Pine v6-friendly and consistent across markets.
No volume dependency—works on crypto, FX, indices, equities, anything.
Notes
Needs some lookback to warm up the longest windows.
Educational tool only — not financial advice.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.