Market Strength Dashboard

🚀 What It Does:
The indicator gives you a real-time dashboard showing three things:

✅ Trend Direction
Uses EMA 50 vs EMA 200.

Bullish: EMA 50 is above EMA 200 → Price favors upside swing.

Bearish: EMA 50 is below EMA 200 → Price favors downside swing.

Neutral: EMAs are equal → No clear trend.

✅ Momentum Strength
Uses RSI (Relative Strength Index).

Strong Bullish: RSI > 55 → Buyers in control.

Strong Bearish: RSI < 45 → Sellers in control.

Neutral: RSI between 45–55 → No strong momentum, usually sideways or uncertain.

✅ Volatility State (Expansion/Consolidation)
Uses Bollinger Band Width.

Measures if price is:

Expanding: BB Width increasing → Market opening up, volatility rising, often precedes large moves or breakouts.

Contracting: BB Width shrinking → Market compressing, often leads to tight ranges or consolidation.

Stable: No change in BB Width → Range behavior or calm trend.

🔥 How It Works Behind the Scenes:
EMA Cross Check:
→ Looks at whether the faster EMA (50) is above or below the slower EMA (200).

RSI Scan:
→ Reads current RSI level to determine momentum strength.

Bollinger Band Width Scan:
→ Calculates the distance between the upper and lower Bollinger Bands to detect if price is expanding or compressing.

Dashboard Output:
→ Combines all this into a floating label on the chart like:
“Trend: Bullish | Momentum: Strong Bullish | Volatility: Expanding”

🏆 How to Use It — Simple Rules for Swing or Day Trading:
🔥 Ideal Swing Trade Setup:
→ ✅ Trend: Bullish
→ ✅ Momentum: Strong Bullish
→ ✅ Volatility: Expanding
→ → Take long setups → pullbacks to EMA50 or previous highs → ride the trend.

→ ❌ If Trend is Neutral or Volatility is Contracting, skip the trade — market is chopping.

🔥 Ideal Day Trade Setup:
Look for Volatility Expanding → confirms active session/move.

Pair it with either Trend Bullish + Momentum Bullish for longs
→ Or Trend Bearish + Momentum Bearish for shorts.

🔥 When Not to Trade:
Trend Neutral + Momentum Neutral + Contracting Volatility → Sideways chop → No trade zone.

🔥 Breakout Watch Strategy:
When volatility shifts from Contracting → Expanding, expect a breakout.
→ Look for the first candle that pushes away from the Bollinger squeeze.

📊 How To Combine With Other Setups:
→ ✅ Add this dashboard to any chart to instantly know:

Should I be thinking up, down, or neither?

Is this market about to move big or stay stuck?

Pair it with:

Your price action entries.

Support/resistance levels.

Candle patterns.

Trendline or liquidity breaks.

🧠 Bottom Line:
→ This is a market condition scanner, not a signal generator.
→ It tells you: “Should I trade? What’s the direction? Is the market moving or stuck?”
→ You still choose the entry — this tool tells you when conditions are ideal or not.