OPEN-SOURCE SCRIPT
Enhanced Trend & ML Screener
The Enhanced Trend & EMA Screener is a multi-symbol dashboard that aggregates trend, momentum, and structure signals across up to 8 user-defined assets.
Why this script is unique (The Problem & Solution): Traders often struggle to monitor multiple assets for confluence without cluttering their workspace with 8 different charts. Single-metric screeners (like simple EMA crosses) generate too much noise. This script solves this by fusing 5 distinct analytical engines into a single "Confluence Score" for each ticker, allowing you to monitor your entire watchlist from one chart.
How the Confluence Engine Works: Each ticker is analyzed in real-time against five criteria:
EMA Kinetics: Checks for crossovers on 10, 21, 50, and 89-period EMAs.
Ichimoku Structure: Checks if price is above (Bullish) or below (Bearish) the Cloud to ensure trades align with equilibrium.
ADX Strength: Filters out weak trends by comparing +DI and -DI.
ATR Regimes: Analyzes volatility expansion vs contraction. Bullish signals are stronger during volatility expansion.
Linear Regression Slope: Uses the slope of the regression line as a proxy for "predicted persistence."
Dashboard Features:
Symbol Row: Customizable inputs for up to 8 tickers (Default: SPY, QQQ, and Tech Giants).
Sentiment Matrix: Color-coded cells (Green/Red/Gray) for instant trend recognition.
Debug Table: An optional secondary table that shows the raw math (Price vs EMA values) for transparency.
MTF Overlay: Includes a Weekly trend check to ensure Daily signals align with the higher timeframe.
How to Use:
Setup: Add the script to your chart (e.g., SPY Daily).
Customize: Go to settings and input your preferred 8 tickers.
Scan: Look for "Full Green" rows. If a ticker is Bullish on EMA, Ichimoku, and ADX, it is a high-probability setup.
Alerts: The script generates alerts when any of your watched tickers trigger a key EMA crossover.
Disclaimer: The screener uses request.security to fetch data. While lookahead is disabled to prevent repainting, slight data lag may occur depending on the liquidity of the tickers selected.
Why this script is unique (The Problem & Solution): Traders often struggle to monitor multiple assets for confluence without cluttering their workspace with 8 different charts. Single-metric screeners (like simple EMA crosses) generate too much noise. This script solves this by fusing 5 distinct analytical engines into a single "Confluence Score" for each ticker, allowing you to monitor your entire watchlist from one chart.
How the Confluence Engine Works: Each ticker is analyzed in real-time against five criteria:
EMA Kinetics: Checks for crossovers on 10, 21, 50, and 89-period EMAs.
Ichimoku Structure: Checks if price is above (Bullish) or below (Bearish) the Cloud to ensure trades align with equilibrium.
ADX Strength: Filters out weak trends by comparing +DI and -DI.
ATR Regimes: Analyzes volatility expansion vs contraction. Bullish signals are stronger during volatility expansion.
Linear Regression Slope: Uses the slope of the regression line as a proxy for "predicted persistence."
Dashboard Features:
Symbol Row: Customizable inputs for up to 8 tickers (Default: SPY, QQQ, and Tech Giants).
Sentiment Matrix: Color-coded cells (Green/Red/Gray) for instant trend recognition.
Debug Table: An optional secondary table that shows the raw math (Price vs EMA values) for transparency.
MTF Overlay: Includes a Weekly trend check to ensure Daily signals align with the higher timeframe.
How to Use:
Setup: Add the script to your chart (e.g., SPY Daily).
Customize: Go to settings and input your preferred 8 tickers.
Scan: Look for "Full Green" rows. If a ticker is Bullish on EMA, Ichimoku, and ADX, it is a high-probability setup.
Alerts: The script generates alerts when any of your watched tickers trigger a key EMA crossover.
Disclaimer: The screener uses request.security to fetch data. While lookahead is disabled to prevent repainting, slight data lag may occur depending on the liquidity of the tickers selected.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.