Scoring Development Sample [BigBitsIO]

This script shows a sample of how to do confidence weighted scoring indicators and for loops with Pine. This indicator may or may not be found useful, it's intent is to provide a sample on how to create such an indicator and use certain Pine features.

- Defined points based on the confidence of RSI and Stochastic indicator
- Defined points based on candle color and sma trend direction

- For loops used to calculate bonus points for "extended periods" of confidence.

*** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
Like and follow!

💻 Website:
📺 YouTube:
🎮 Discord:
🐦 Twitter:
💸 Save $30 on TradingView Paid Plan: