Strength Indicator Panel

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The Strength Indicator Panel is packed with features designed to provide a robust and customizable analysis experience:

1. Multi-Indicator Strength Calculation: The panel assesses the strength of several key technical indicators, including:

• TREND: Evaluates the market's directional bias based on Exponential Moving Averages (EMAs).

• VOLUME: Measures the intensity of price movements by analyzing volume against its moving average.

• RSI (Relative Strength Index): Gauges overbought or oversold conditions and the momentum of price changes.

• STOCHASTIC: Compares a security's closing price to its price range over a given period to identify momentum and potential reversals.

• ADX (Average Directional Index): Determines the strength of a trend, regardless of its direction.

• MACD (Moving Average Convergence Divergence): Identifies trend changes, momentum, and potential buy/sell signals through the relationship between two moving averages of a security's price.

• OVERALL: A composite strength score derived from a weighted average of all individual indicator strengths, providing a holistic market view.

2. Intuitive Visual Representation: The strength of each indicator is displayed in a dynamic table with a gradient background, ranging from green (strong bullish/positive) to red (strong bearish/negative). This visual cue allows for immediate interpretation of market conditions.

• Directional Symbols: Each indicator's strength is further clarified with directional symbols:

• ▲ (Solid Up Arrow): Indicates strong bullish momentum or high strength.

• △ (Hollow Up Arrow): Suggests weak bullish momentum or moderate strength.

• ▼ (Solid Down Arrow): Points to strong bearish momentum or low strength.

• ▽ (Hollow Down Arrow): Implies weak bearish momentum or moderate weakness.
For the TREND indicator, these arrows specifically denote the direction of the trend (up or down) combined with its strength.

3. Customizable Table Settings: Users can tailor the panel's appearance to their preferences:

• Chart Theme: Automatically adjusts to your TradingView chart's theme (Light or Dark) or allows manual selection.

• Table Size: Choose between 'Small' or 'Large' to fit your chart layout.

• Chart Box Style: Select between a 'Diagonal' (▩) or 'Solid' (■) style for the background cells, offering visual flexibility.

4. Adjustable Indicator Parameters: The script provides extensive input options to fine-tune the calculation of each underlying indicator, allowing users to adapt the panel to different trading strategies, timeframes, and asset classes. These parameters include:

• EMA lengths for TREND calculation.

• Percentile Rank length for various strength calculations.

• Volume Moving Average length.

• RSI and Stochastic lengths.

• ADX DI and Smoothing lengths.

• MACD Fast, Slow, and Signal lengths.

A few example using the indicator as below:

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Sürüm Notları

The Strength Indicator Panel is packed with features designed to provide a robust and customizable analysis experience:

1. Multi-Indicator Strength Calculation: The panel assesses the strength of several key technical indicators, including:

• TREND: Evaluates the market's directional bias based on Exponential Moving Averages (EMAs).

• VOLUME: Measures the intensity of price movements by analyzing volume against its moving average.

• RSI (Relative Strength Index): Gauges overbought or oversold conditions and the momentum of price changes.

• STOCHASTIC: Compares a security's closing price to its price range over a given period to identify momentum and potential reversals.

• ADX (Average Directional Index): Determines the strength of a trend, regardless of its direction.

• MACD (Moving Average Convergence Divergence): Identifies trend changes, momentum, and potential buy/sell signals through the relationship between two moving averages of a security's price.

• OVERALL: A composite strength score derived from a weighted average of all individual indicator strengths, providing a holistic market view.

2. Intuitive Visual Representation: The strength of each indicator is displayed in a dynamic table with a gradient background, ranging from green (strong bullish/positive) to red (strong bearish/negative). This visual cue allows for immediate interpretation of market conditions.

• Directional Symbols: Each indicator's strength is further clarified with directional symbols:

• ▲ (Solid Up Arrow): Indicates strong bullish momentum or high strength.

• △ (Hollow Up Arrow): Suggests weak bullish momentum or moderate strength.

• ▼ (Solid Down Arrow): Points to strong bearish momentum or low strength.

• ▽ (Hollow Down Arrow): Implies weak bearish momentum or moderate weakness.
For the TREND indicator, these arrows specifically denote the direction of the trend (up or down) combined with its strength.

3. Customizable Table Settings: Users can tailor the panel's appearance to their preferences:

• Chart Theme: Automatically adjusts to your TradingView chart's theme (Light or Dark) or allows manual selection.

• Table Size: Choose between 'Small' or 'Large' to fit your chart layout.

• Chart Box Style: Select between a 'Diagonal' (▩) or 'Solid' (■) style for the background cells, offering visual flexibility.

4. Adjustable Indicator Parameters: The script provides extensive input options to fine-tune the calculation of each underlying indicator, allowing users to adapt the panel to different trading strategies, timeframes, and asset classes. These parameters include:

• EMA lengths for TREND calculation.

• Percentile Rank length for various strength calculations.

• Volume Moving Average length.

• RSI and Stochastic lengths.

• ADX DI and Smoothing lengths.

• MACD Fast, Slow, and Signal lengths.

A few example using the indicator as below:

https://www.tradingview.com/x/doGcAoQF/

Updated:
1. RSI and STOCHASTIC RSI to give more accurate result.