PROTECTED SOURCE SCRIPT
checklist by jaehee

Checklist by Jaehee
This indicator displays a real-time checklist label on the chart, summarizing key market conditions in a compact, actionable format. It does not produce buy/sell signals but instead functions as a **decision support tool** for active traders.
### Included Metrics
- ADX Value: Current trend strength based on ADX(14)
- EMA Structure: Detects trend alignment across 5 key EMAs (5, 20, 60, 120, 240)
→ Output: `Uptrend`, `Downtrend`, or `Mixed`
- Volatility Condition: Measures current ATR(14) vs 20-period average ATR
→ Output: `High`, `Normal`, or `Low`
- Volume Analysis: Compares current volume to 20-bar average
→ Output: `High`, `Normal`, or `Low` with spike ratio
- RSI Value: Standard RSI(14) reading
- Price Zone: Where current price is relative to recent 20-bar high/low
→ Output: `Near High`, `Mid`, `Near Low`
- MACD Momentum Slope: Slope direction of MACD histogram
→ Output: `Rising`, `Falling`, or `Flat`
### Use Case
This tool is designed for traders who prefer to make manual decisions based on multiple factors. Instead of cluttering the chart with individual indicators, **all essential metrics are consolidated into a single floating label** that updates in real time.
The checklist provides a snapshot of:
- Trend direction and strength
- Volatility regime
- Relative price level
- Momentum direction
- Volume dynamics
It is particularly useful for:
- Evaluating market context before entering a trade
- Filtering out suboptimal setups
- Enhancing discretionary trading frameworks
### Notes
- No signals, no repainting
- Purely visual and informational
- Fully customizable if extended
This indicator displays a real-time checklist label on the chart, summarizing key market conditions in a compact, actionable format. It does not produce buy/sell signals but instead functions as a **decision support tool** for active traders.
### Included Metrics
- ADX Value: Current trend strength based on ADX(14)
- EMA Structure: Detects trend alignment across 5 key EMAs (5, 20, 60, 120, 240)
→ Output: `Uptrend`, `Downtrend`, or `Mixed`
- Volatility Condition: Measures current ATR(14) vs 20-period average ATR
→ Output: `High`, `Normal`, or `Low`
- Volume Analysis: Compares current volume to 20-bar average
→ Output: `High`, `Normal`, or `Low` with spike ratio
- RSI Value: Standard RSI(14) reading
- Price Zone: Where current price is relative to recent 20-bar high/low
→ Output: `Near High`, `Mid`, `Near Low`
- MACD Momentum Slope: Slope direction of MACD histogram
→ Output: `Rising`, `Falling`, or `Flat`
### Use Case
This tool is designed for traders who prefer to make manual decisions based on multiple factors. Instead of cluttering the chart with individual indicators, **all essential metrics are consolidated into a single floating label** that updates in real time.
The checklist provides a snapshot of:
- Trend direction and strength
- Volatility regime
- Relative price level
- Momentum direction
- Volume dynamics
It is particularly useful for:
- Evaluating market context before entering a trade
- Filtering out suboptimal setups
- Enhancing discretionary trading frameworks
### Notes
- No signals, no repainting
- Purely visual and informational
- Fully customizable if extended
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
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 protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
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.