7M Multi-Factor Momentum ScoreboardThe 7M Scoreboard is more than just a collection of indicators; it is a Real-Time Scoring Engine designed for momentum traders and quant-focused analysts. While many scripts simply "mash up" indicators, the 7M Dashboard provides a weighted analytical framework that filters market noise into a single, actionable 7M Score.
It evaluates seven distinct dimensions of market health: Price Action, Relative Volume (Time-specific and Daily), Capital Structure (Float), and Multi-timeframe Trend alignment (VWAP, VWMA, MACD).
Make sure to enable Extended Trading Hours in the TradingView settings.
What makes it original?
The core innovation lies in the 7M Scoring & Alerting logic. Instead of a trader manually checking eight different parameters, the script performs a logical "Pass/Fail" assessment on every bar.
Dynamic Time-Anchored Change: Unlike standard change percentages, this script allows you to anchor the "Starting Price" to the Pre-market (4:00 AM), Regular Open (9:30 AM), or Post-market (4:00 PM).
Relative Volume (RVOL) at Time: It compares the current 5-minute volume not just to recent bars, but to the historical average for that specific time of day, filtering out the standard "lunchtime lull."
Capital Structure Integration: It incorporates a "Float" filter, essential for identifying low-float momentum vs. heavy-cap institutional moves.
How it works
The script calculates a total score out of 9 points based on the following criteria:
Momentum: Is price change > X percent from your chosen time anchor?
Liquidity: Is the 5-minute volume > X million?
Relative Strength: Is Daily RVOL and Time-specific RVOL > X?
Trend Alignment: Is price above VWAP and the 20-period VWMA?
Momentum Convergence: Is the MACD histogram positive?
Volatility Health: Is RSI between 30 and 70 (avoiding extreme over-extension)?
Step-by-Step Guide to Use
Set your Market Type: Open the settings and choose your Price Change Anchor.
Use Pre-Market if you trade the morning "Gap and Go."
Use Regular Open if you are a day-trader focused on the 9:30 AM bell.
Configure Thresholds: Set your Min % Move (e.g., 1.5%) and Min 5m Vol.
Monitor the 7M Score: Look at the bottom row.
Score < 5: High-risk, no clear momentum.
Score 7+: High-probability "7M Pass" setup.
Alerts (Great with TV's Watchlist Alerts)
Right-click the chart and "Add Alert." Select the 7M Dashboard and choose the "🚀 7M PASS" condition to be notified the moment a ticker hits your momentum criteria.
Recommended Settings for Different Assets
Small-Cap Momentum Pre-Market - 4.0% (Change) - 500k (5m Vol) - 50M (Float)
Mega-Cap / Tech Regular - 1.0% (Change) - 1.5M (5m Vol) - 30,000M (Float)
Crypto Intraday Regular - 2.5% (Change) - 1M (5m Vol) - 10,000M (Foat)
Technical Details
Pine Script Version: v6
Visuals: Features a high-contrast UI with adaptive text sizing for the final 7M Score.
Alerting: Includes an optimized alert() function for real-time momentum detection.
Disclaimer
The "7M Multi-Factor Momentum Scoreboard" is a technical analysis tool provided for educational and informational purposes only. Nothing contained in this script, its outputs, or the 7M Score constitutes financial, investment, or trading advice. Trading stocks, futures, and cryptocurrencies involves significant risk of loss and is not suitable for every investor.
No Guarantees: Past performance as displayed by historical indicators is not indicative of future results.
Model Limitations: The 7M Score is based on mathematical calculations of price and volume; it does not account for fundamental news, earnings surprises, or broader macroeconomic shifts.
Personal Responsibility: You are solely responsible for your own trading decisions. Always perform your own due diligence and consult with a licensed financial advisor before putting capital at risk.
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VWAP Adaptive (RelVol-Adjusted)This indicator provides an Adaptive VWAP that adjusts volume weighting using RelVol (Relative Volume at Time), offering a more accurate and context-aware price reference during sessions with irregular volume behavior.
Classic VWAP calculates the average price weighted by raw volume, without considering the time of day. This becomes a serious limitation during major market events such as CPI releases, FOMC announcements, NFP, or large-cap earnings. These events often trigger massive volume spikes within one or two candles. As a result, the classic VWAP gets pulled toward those extreme prices and becomes permanently skewed for the rest of the session.
In such conditions, classic VWAP becomes unreliable. It no longer reflects fair value and often misleads traders relying on it for dynamic support, resistance, or reversion signals.
This Adaptive VWAP improves on that by using RelVol, which compares the current volume to the average volume seen at the same time over previous sessions. It gives more weight to price when volume is typical for that moment, and adjusts the influence when volume is statistically abnormal. This reduces the impact of isolated volume spikes and stabilizes the VWAP path, even in high-volatility environments.
For example, on SPY 1-minute or 5-minute charts during a CPI release, a massive spike in volume and price can occur within a single candle. Classic VWAP will immediately anchor itself to that spike. Adaptive VWAP using RelVol softens that effect and maintains a more realistic trajectory.
Key features:
- Adaptive VWAP weighted by time-adjusted Relative Volume (RelVol)
- Designed to maintain VWAP reliability during macroeconomic events
- Flexible anchoring: Session, Week, Month, Quarter, Earnings, etc.
- Optional display of Classic VWAP for comparison
- Up to 3 customizable deviation bands (standard deviation or percentage)
This tool is ideal for intraday traders who need a VWAP that remains usable and unbiased, even in volatile sessions. It adds robustness to VWAP-based strategies by incorporating time-sensitive volume normalization.
