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Aggiornato Score Panel All Indicators (No ADX)
Score Panel Indicator User Guide
This document explains how to use and interpret the custom Pine Script indicator named "Score Panel All Indicators (No ADX)" that you can use on the TradingView platform.
1. Introduction
This indicator combines various technical analysis indicators into a single panel to visualize the overall market strength and direction with a score between 0 and 100. Additionally, it displays this total score as a direction line on the chart and gives special weight to volume movement. Its purpose is to help you make faster and more informed trading decisions by eliminating the need to track multiple indicators simultaneously.
2. Adding the Indicator to TradingView
Open Pine Editor: Click on the "Pine Editor" tab at the bottom of the TradingView screen.
Paste the Code: Paste the Pine Script code provided to you (the code forming the basis of this document) into the Pine Editor.
Add to Chart: Click the "Add to Chart" button in the upper right corner of the editor.
The indicator will now be added to your chart, and a score panel will appear in the upper right corner, along with a direction line on the chart.
3. Parameters (Settings)
You can change the indicator's settings by clicking the gear icon (Settings) next to the indicator's name on the chart. Here are the main parameter groups:
Color Parameters
Red (Below 31): Color to be used when the score is below 31 (Default: Red).
Neutral Gray (31-50): Color to be used when the score is between 31 and 50 (Default: Gray).
Yellow (50-55): Color to be used when the score is between 50 and 55 (Default: Yellow).
Purple (55-65): Color to be used when the score is between 55 and 65 (Default: Purple).
Green (65-75): Color to be used when the score is between 65 and 75 (Default: Green).
Blue (Above 75): Color to be used when the score is above 75 (Default: Blue).
Calculation Periods
Calculation Period (Default): General default calculation period.
EMA/SMA/WMA/HMA Length: Separate period lengths for moving averages.
RSI/CCI/MACD/Stoch Lengths: Periods for momentum indicators (fast, slow, and signal MA lengths for MACD).
ATR/Bollinger Bands/ROC/Momentum Lengths: Periods for volatility and other momentum indicators.
SAR Start AF/Increment AF/Maximum AF: Acceleration factors for Parabolic SAR.
MFI/VWMA/DMI Lengths: Periods for Money Flow Index, Volume Weighted Moving Average, and Directional Movement Index.
Ichimoku Lengths/Displacement: Conversion, base, lagging span2, and displacement lengths for Ichimoku cloud.
KAMA/TEMA Lengths: Periods for Kaufman's Adaptive Moving Average and Triple Exponential Moving Average.
CCI (2)/Fractal/Gann/Force/VWMA (2)/DPO/PSAR (2) Lengths: Periods for additional indicators.
Volume Average Length: Average volume calculation period for the volume score.
Direction Line Smoothing Length: Determines how smooth the direction line will be (higher values mean a smoother line).
4. Interpreting the Score Panel
The panel in the upper right corner summarizes the current market situation:
DIRECTION: The large heading at the top shows the overall market direction:
UP: Uptrend.
DOWN: Downtrend.
WAIT: Neutral or indecisive market.
This direction is primarily determined by the volume score. If the volume score is outside specific thresholds (very high or very low), the direction is directly determined by volume. Otherwise, it is determined by the overall total score.
GROUP / SCORE: These columns categorize indicators into groups and show the average score for each group.
Score between 0-100: Each group's score is between 0 (strong SELL) and 100 (strong BUY).
Color Coding: Each group's score is color-coded according to the color ranges you defined above. This allows you to see at a glance which groups are trending upwards or downwards.
TOTAL SCORE: This is the average of all groups and represents the overall market strength. The background color of this score also changes dynamically according to the f_getColor function.
5. Interpreting the Direction Line
The line drawn on the chart shows the smoothedToplamSkor value. This line is a smoothed version of the total score, reflecting the general trend free from momentary fluctuations.
Line Color: The color of the line changes according to the color ranges you defined based on the smoothedToplamSkor value. This allows you to quickly understand the overall market trend by looking at the line's color.
Horizontal Threshold Lines: The chart includes dashed horizontal lines at levels 10, 35, 50, 65, and 100. These lines help you visually determine which range the score is in and, consequently, the market's direction (BUY, SELL, NEUTRAL).
100 (BUY Max): Maximum BUY level.
65 (BUY Threshold): BUY signal threshold.
50 (Neutral Midpoint): Neutral midpoint.
35 (SELL Threshold): SELL signal threshold.
10 (SELL Min): Minimum SELL level.
6. Customizing Colors and Smoothing
You can go to the indicator settings and select your desired color for each score range from the input.color parameters. Additionally, you can adjust how smooth the direction line will be by changing the Direction Line Smoothing Length parameter. A higher value means a smoother line, while a lower value means more detail.
7. Tips and Best Practices
Timeframe: It is important to adjust the indicator periods according to the timeframe you are using (e.g., 1-hour, 4-hour, daily). Different timeframes may show different market behaviors.
Combination: While this indicator is a powerful tool on its own, I always recommend using it in conjunction with your own trading strategy and other analysis methods.
Observation: Observing how the indicator reacts in different markets and timeframes will help you optimize its use.
Volume Priority: Remember the priority of the volume score on the overall direction. A low-volume decline or rise, even if other indicators signal "BUY" or "SELL," might result in a "WAIT" or opposite direction signal due to volume.
I hope this guide helps you use the indicator more efficiently. I wish you profitable trades!
This document explains how to use and interpret the custom Pine Script indicator named "Score Panel All Indicators (No ADX)" that you can use on the TradingView platform.
1. Introduction
This indicator combines various technical analysis indicators into a single panel to visualize the overall market strength and direction with a score between 0 and 100. Additionally, it displays this total score as a direction line on the chart and gives special weight to volume movement. Its purpose is to help you make faster and more informed trading decisions by eliminating the need to track multiple indicators simultaneously.
2. Adding the Indicator to TradingView
Open Pine Editor: Click on the "Pine Editor" tab at the bottom of the TradingView screen.
Paste the Code: Paste the Pine Script code provided to you (the code forming the basis of this document) into the Pine Editor.
Add to Chart: Click the "Add to Chart" button in the upper right corner of the editor.
The indicator will now be added to your chart, and a score panel will appear in the upper right corner, along with a direction line on the chart.
3. Parameters (Settings)
You can change the indicator's settings by clicking the gear icon (Settings) next to the indicator's name on the chart. Here are the main parameter groups:
Color Parameters
Red (Below 31): Color to be used when the score is below 31 (Default: Red).
Neutral Gray (31-50): Color to be used when the score is between 31 and 50 (Default: Gray).
Yellow (50-55): Color to be used when the score is between 50 and 55 (Default: Yellow).
Purple (55-65): Color to be used when the score is between 55 and 65 (Default: Purple).
Green (65-75): Color to be used when the score is between 65 and 75 (Default: Green).
Blue (Above 75): Color to be used when the score is above 75 (Default: Blue).
Calculation Periods
Calculation Period (Default): General default calculation period.
EMA/SMA/WMA/HMA Length: Separate period lengths for moving averages.
RSI/CCI/MACD/Stoch Lengths: Periods for momentum indicators (fast, slow, and signal MA lengths for MACD).
ATR/Bollinger Bands/ROC/Momentum Lengths: Periods for volatility and other momentum indicators.
SAR Start AF/Increment AF/Maximum AF: Acceleration factors for Parabolic SAR.
MFI/VWMA/DMI Lengths: Periods for Money Flow Index, Volume Weighted Moving Average, and Directional Movement Index.
Ichimoku Lengths/Displacement: Conversion, base, lagging span2, and displacement lengths for Ichimoku cloud.
KAMA/TEMA Lengths: Periods for Kaufman's Adaptive Moving Average and Triple Exponential Moving Average.
CCI (2)/Fractal/Gann/Force/VWMA (2)/DPO/PSAR (2) Lengths: Periods for additional indicators.
Volume Average Length: Average volume calculation period for the volume score.
Direction Line Smoothing Length: Determines how smooth the direction line will be (higher values mean a smoother line).
4. Interpreting the Score Panel
The panel in the upper right corner summarizes the current market situation:
DIRECTION: The large heading at the top shows the overall market direction:
UP: Uptrend.
DOWN: Downtrend.
WAIT: Neutral or indecisive market.
This direction is primarily determined by the volume score. If the volume score is outside specific thresholds (very high or very low), the direction is directly determined by volume. Otherwise, it is determined by the overall total score.
GROUP / SCORE: These columns categorize indicators into groups and show the average score for each group.
Score between 0-100: Each group's score is between 0 (strong SELL) and 100 (strong BUY).
Color Coding: Each group's score is color-coded according to the color ranges you defined above. This allows you to see at a glance which groups are trending upwards or downwards.
TOTAL SCORE: This is the average of all groups and represents the overall market strength. The background color of this score also changes dynamically according to the f_getColor function.
5. Interpreting the Direction Line
The line drawn on the chart shows the smoothedToplamSkor value. This line is a smoothed version of the total score, reflecting the general trend free from momentary fluctuations.
Line Color: The color of the line changes according to the color ranges you defined based on the smoothedToplamSkor value. This allows you to quickly understand the overall market trend by looking at the line's color.
Horizontal Threshold Lines: The chart includes dashed horizontal lines at levels 10, 35, 50, 65, and 100. These lines help you visually determine which range the score is in and, consequently, the market's direction (BUY, SELL, NEUTRAL).
100 (BUY Max): Maximum BUY level.
65 (BUY Threshold): BUY signal threshold.
50 (Neutral Midpoint): Neutral midpoint.
35 (SELL Threshold): SELL signal threshold.
10 (SELL Min): Minimum SELL level.
6. Customizing Colors and Smoothing
You can go to the indicator settings and select your desired color for each score range from the input.color parameters. Additionally, you can adjust how smooth the direction line will be by changing the Direction Line Smoothing Length parameter. A higher value means a smoother line, while a lower value means more detail.
7. Tips and Best Practices
Timeframe: It is important to adjust the indicator periods according to the timeframe you are using (e.g., 1-hour, 4-hour, daily). Different timeframes may show different market behaviors.
Combination: While this indicator is a powerful tool on its own, I always recommend using it in conjunction with your own trading strategy and other analysis methods.
Observation: Observing how the indicator reacts in different markets and timeframes will help you optimize its use.
Volume Priority: Remember the priority of the volume score on the overall direction. A low-volume decline or rise, even if other indicators signal "BUY" or "SELL," might result in a "WAIT" or opposite direction signal due to volume.
I hope this guide helps you use the indicator more efficiently. I wish you profitable trades!
Note di rilascio
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V15Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
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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.