Technical Ratings

How it works

The indicator calculates a composite technical rating by analyzing two distinct groups of indicators: moving averages and oscillators. The moving averages group includes 15 components like Simple and Exponential Moving Averages, Hull Moving Average, and Ichimoku.

The oscillators group comprises 11 components such as RSI, Stochastic, MACD, and Williams %R. Each component is evaluated with a +1/0/-1 value representing bullish, neutral, or bearish bias, then averaged to produce an overall rating between +1 and -1

Why it may be useful

This signal provides traders with a comprehensive, multi-dimensional view of market momentum and trend strength. By aggregating multiple technical indicators, it reduces reliance on single-indicator analysis and offers a more robust assessment of market conditions.

The rating helps traders identify potential trend reversals, confirm existing trends, and make more informed trading decisions. Its flexible weighting system allows customization to suit different trading styles and market conditions

When to explore it

The signal is most effective during trending markets with clear directional movement. It works best when used in conjunction with other analysis techniques, such as fundamental research or price action studies.

Traders should be cautious during highly volatile or choppy markets where individual indicators might provide conflicting signals. The indicator is particularly useful for swing traders and day traders seeking a comprehensive market sentiment overview across multiple timeframes

Keep exploring