HOG Trifecta

HOG Trifecta

📊 Overview
HOG Trifecta is a real-time market monitor that blends three core elements of price action — trend, momentum, and volume positioning — into one clean directional output. Built for tactical traders, it cuts through the noise and highlights when the market is ready to move or stay neutral.

⚙️ How It Works
• Scores five key signals:
  • EMA 9/21 crossover for directional trend
  • RSI > 50 or < 50 for momentum bias
  • MACD histogram for momentum expansion (WAE-style logic)
  • Price relative to EMA 50 as a volume anchor
  • ADX-powered trend strength confirmation
• Combines the signals into a score that determines a single bias:
  BULLISH, NEUTRAL, or BEARISH
• Displays a floating, color-coded label above price for instant clarity
• Optional background shading tied to sentiment (toggleable)

🎯 Inputs
• Show Label — toggle the sentiment word on/off
• Show Background — toggle chart shading based on bias

✅ Benefits
• Monitors trend, momentum, and volume in real time
• Tells you when conditions align for directional setups
• Avoids false signals with NEUTRAL states
• Fully self-contained — no external dependencies
• Lightweight and fast for daily or intraday use

📈 Use Cases
• Entry confirmation in trend strategies
• Swing trade bias filter
• Anchor higher timeframe sentiment for lower timeframe entries

⚠️ Notes
• Score thresholds:
  +2 or more → BULLISH
  −2 or less → BEARISH
  −1 to +1 → NEUTRAL
• Built using only standard Pine Script tools