OPEN-SOURCE SCRIPT
Aggiornato SOL Technical Confluence Dashboard
How to Use This Confluence Dashboard
Setup Instructions:
Use the other script published as the 1 of 2 scripts to add to your 4-hour SOL chart.
What You'll See:
1. RSI Panel with Enhancements
Colored RSI line (Green = oversold, Red = overbought)
Divergence detection (triangles mark divergences)
Background color changes on strong signals
2. Confluence Table (Top Right)
Shows real-time status of:
RSI: Current value and signal
MACD: Trend direction
Volume: Spike detection and relative volume
Divergence: Bull/Bear divergence alerts
Confluence Scores: 0-10 scale for bull/bear strength
Overall Signal: STRONG BUY/SELL, BUY/SELL, or WAIT
3. Net Confluence Histogram (Bottom)
Green bars = Bullish confluence
Red bars = Bearish confluence
Height = Strength of signal
How It Works with Elliott Waves:
Scenario 1: Wave 5 Top Detection
Elliott Wave shows Wave 5 approaching 261.8%
Confluence Dashboard shows:
RSI: 78 (overbought) ❌
MACD: Bearish cross ❌
Volume: Declining ❌
Divergence: Bearish ❌
Signal: STRONG SELL 🔴
Scenario 2: Wave 2 Bottom
Elliott Wave shows Wave 2 at 61.8% retracement
Confluence Dashboard shows:
RSI: 28 (oversold) ✅
MACD: Bullish cross ✅
Volume: Spike ✅
Divergence: Bullish ✅
Signal: STRONG BUY 🟢
Confluence Scoring System:
The script uses a weighted scoring system:
Divergences: 3 points (most reliable)
RSI extremes: 2 points
Volume spikes: 2 points
MACD signals: 1.5 points
Price action: 1 point
Signals:
Score ≥ 5 = STRONG signal
Score ≥ 3 = Moderate signal
Score < 3 = WAIT
Pro Tips for Maximum Accuracy:
Best Setups: When Elliott Wave completion aligns with STRONG signals
Avoid: Taking trades when confluence is mixed
Volume Confirmation: Always check if volume supports the move
Divergence Priority: RSI divergence at wave endpoints is highly reliable
Alerts Available:
Strong Bullish Confluence
Strong Bearish Confluence
Bullish Divergence
Bearish Divergence
This gives you a complete technical analysis suite that works seamlessly with your Elliott Wave indicator. The combination significantly improves accuracy by confirming wave counts with momentum, volume, and divergence analysis!
Setup Instructions:
Use the other script published as the 1 of 2 scripts to add to your 4-hour SOL chart.
What You'll See:
1. RSI Panel with Enhancements
Colored RSI line (Green = oversold, Red = overbought)
Divergence detection (triangles mark divergences)
Background color changes on strong signals
2. Confluence Table (Top Right)
Shows real-time status of:
RSI: Current value and signal
MACD: Trend direction
Volume: Spike detection and relative volume
Divergence: Bull/Bear divergence alerts
Confluence Scores: 0-10 scale for bull/bear strength
Overall Signal: STRONG BUY/SELL, BUY/SELL, or WAIT
3. Net Confluence Histogram (Bottom)
Green bars = Bullish confluence
Red bars = Bearish confluence
Height = Strength of signal
How It Works with Elliott Waves:
Scenario 1: Wave 5 Top Detection
Elliott Wave shows Wave 5 approaching 261.8%
Confluence Dashboard shows:
RSI: 78 (overbought) ❌
MACD: Bearish cross ❌
Volume: Declining ❌
Divergence: Bearish ❌
Signal: STRONG SELL 🔴
Scenario 2: Wave 2 Bottom
Elliott Wave shows Wave 2 at 61.8% retracement
Confluence Dashboard shows:
RSI: 28 (oversold) ✅
MACD: Bullish cross ✅
Volume: Spike ✅
Divergence: Bullish ✅
Signal: STRONG BUY 🟢
Confluence Scoring System:
The script uses a weighted scoring system:
Divergences: 3 points (most reliable)
RSI extremes: 2 points
Volume spikes: 2 points
MACD signals: 1.5 points
Price action: 1 point
Signals:
Score ≥ 5 = STRONG signal
Score ≥ 3 = Moderate signal
Score < 3 = WAIT
Pro Tips for Maximum Accuracy:
Best Setups: When Elliott Wave completion aligns with STRONG signals
Avoid: Taking trades when confluence is mixed
Volume Confirmation: Always check if volume supports the move
Divergence Priority: RSI divergence at wave endpoints is highly reliable
Alerts Available:
Strong Bullish Confluence
Strong Bearish Confluence
Bullish Divergence
Bearish Divergence
This gives you a complete technical analysis suite that works seamlessly with your Elliott Wave indicator. The combination significantly improves accuracy by confirming wave counts with momentum, volume, and divergence analysis!
Note di rilascio
Developed by ITECS, this system allows us to combine multiple indicators and aggregate those metrics into visual displays, which can then be fed to an AI agent that understands and breaks down the market conditions into an executive summary.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.
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.
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.