TC Chart Score 1.3 BETA — Indicator by TheTomikazi

trendanalysis tc chart score

In version 1.3 I am switching it back to a study.

We have changed the formula for calculating the score with 9 buy conditions, each one allowing 1 point.

The idea is to predict a strong bullish reversal

To use this combine it with bullish candles ideally to confirm a buy signal.

This combines momentum, volume, money flow, and other indicators to show the strength of reversal probability.

Strongest possible score is 9.

I added a slow and fast moving SMA as well to smooth the score.

Release Notes:

Made the buy conditions much more conservative

Added an option to increase the aggressiveness
To do this remove keltner channels

Also added in sell signal conditions which we will work to improve

All setting are customizable

This was designed on a 15 min time frame.

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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