Composite Buy/Sell Score [-100 to +100] by LM

Composite Buy/Sell Score [-100 to +100] (Stabilized + Sensitivity) by LM

Description:
This indicator calculates a composite trend strength score ranging from -100 to +100 by combining multiple popular technical indicators into a single, smoothed metric. It is designed to give traders a clear view of bullish and bearish trends, while filtering out short-term noise.

The score incorporates signals from:

PPO (Percentage Price Oscillator) – measures momentum via the difference between fast and slow EMAs.

ADX (Average Directional Index) – detects trend strength.

RSI (Relative Strength Index) – identifies short-term momentum swings.

Stochastic RSI – measures RSI momentum and speed of change.

MACD (Moving Average Convergence Divergence) – detects momentum shifts using EMA crossovers.

Williams %R – highlights overbought/oversold conditions.

Each component is weighted, smoothed, and optionally confirmed across a configurable number of bars, producing a stabilized composite score that reacts more reliably to significant trend changes.

Key Features:

Smoothed Composite Score

The final score is smoothed using an EMA to reduce volatility and emphasize meaningful trends.

A Sensitivity Multiplier allows traders to exaggerate the score for stronger trend signals or dampen it for quieter markets.

Customizable Inputs

You can adjust each indicator’s parameters, smoothing lengths, and confirm bars to suit your preferred timeframe and trading style.

The sensitivity multiplier allows fine-tuning the responsiveness of the trend line without changing underlying indicator calculations.

Visual Representation

Score Line: Green for positive (bullish) trends, red for negative (bearish) trends, gray near neutral.

Reference Lines:

0 = neutral

+100 = maximum bullish

-100 = maximum bearish

Adaptive Background: Optionally highlights the background intensity proportional to trend strength. Strong green for bullish trends, strong red for bearish trends.

Multi-Indicator Integration

Combines momentum, trend, and overbought/oversold signals into a single metric.

Helps identify clear entry/exit trends while avoiding whipsaw noise common in individual indicators.

Recommended Use:

Trend Identification: Look for sustained movement above 0 for bullish trends and below 0 for bearish trends.

Exaggerated Trends: Use the Sensitivity Multiplier to emphasize strong trends.

Filtering Noise: The smoothed score and confirmBars settings help reduce false signals from minor price fluctuations.

Inputs Overview:
Input Purpose
PPO Fast EMA / Slow EMA / Signal Controls PPO momentum sensitivity
ADX Length / Threshold Detects trend strength
RSI Length / Overbought / Oversold Measures short-term momentum
Stoch RSI Length / %K / %D Measures speed of RSI changes
MACD Fast / Slow / Signal Measures momentum crossover
Williams %R Length Detects overbought/oversold conditions
Final Score Smoothing Length EMA smoothing for final composite score
Confirm Bars for Each Signal Number of bars used to confirm individual indicator signals
Sensitivity Multiplier Scales the final composite score for exaggerated trend response
Highlight Background by Trend Strength Enables adaptive background coloring

This indicator is suitable for traders looking for a single, clear trend metric derived from multiple indicators. It can be applied to any timeframe and can help identify both strong and emerging trends in the market.