OPEN-SOURCE SCRIPT
Stock Scoring System
The EMA Scoring System is designed to help traders quickly assess market trend strength and decide portfolio allocation. It compares price vs. key EMAs (21, 50, 100) and also checks the relative strength between EMAs. Based on these conditions, it assigns a score (-6 to +6) and a corresponding allocation percentage.
+6 Score = 100% allocation (strong bullish trend)
-6 Score = 10% allocation (strong bearish trend)
Scores in between represent intermediate trend strength.
📌 Key Features
✅ Scoring Model: Evaluates price vs. EMA alignment and EMA cross relationships.
✅ Allocation % Display: Converts score into suggested portfolio allocation.
✅ Background Highlighting: Green shades for bullish conditions, red shades for bearish.
✅ Customizable Table Position: Choose between Top Right, Top Center, Bottom Right, or Bottom Center.
✅ Toggleable EMAs: Show/Hide 21 EMA, 50 EMA, and 100 EMA directly from indicator settings.
✅ Simple & Intuitive: One glance at the chart tells you trend strength and suggested allocation.
📈 How It Works
Score Calculation:
Price above an EMA = +1, below = -1
Faster EMA above slower EMA = +1, else -1
Maximum score = +6, minimum = -6
Allocation Mapping:
+6 → 100% allocation
+4 to +5 → 100% allocation
+2 to +3 → 75% allocation
0 to +1 → 50% allocation
-1 to -2 → 30% allocation
-3 to -4 → 20% allocation
-5 to -6 → 10% allocation
Visual Output:
Table shows SCORE + Allocation %
Background color shifts with score (green for bullish, red for bearish)
⚠️ Disclaimer
This indicator is for educational purposes only. It does not constitute financial advice. Always backtest and combine with your own analysis before making trading decisions.
+6 Score = 100% allocation (strong bullish trend)
-6 Score = 10% allocation (strong bearish trend)
Scores in between represent intermediate trend strength.
📌 Key Features
✅ Scoring Model: Evaluates price vs. EMA alignment and EMA cross relationships.
✅ Allocation % Display: Converts score into suggested portfolio allocation.
✅ Background Highlighting: Green shades for bullish conditions, red shades for bearish.
✅ Customizable Table Position: Choose between Top Right, Top Center, Bottom Right, or Bottom Center.
✅ Toggleable EMAs: Show/Hide 21 EMA, 50 EMA, and 100 EMA directly from indicator settings.
✅ Simple & Intuitive: One glance at the chart tells you trend strength and suggested allocation.
📈 How It Works
Score Calculation:
Price above an EMA = +1, below = -1
Faster EMA above slower EMA = +1, else -1
Maximum score = +6, minimum = -6
Allocation Mapping:
+6 → 100% allocation
+4 to +5 → 100% allocation
+2 to +3 → 75% allocation
0 to +1 → 50% allocation
-1 to -2 → 30% allocation
-3 to -4 → 20% allocation
-5 to -6 → 10% allocation
Visual Output:
Table shows SCORE + Allocation %
Background color shifts with score (green for bullish, red for bearish)
⚠️ Disclaimer
This indicator is for educational purposes only. It does not constitute financial advice. Always backtest and combine with your own analysis before making trading decisions.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Algogram
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Algogram
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.