Triad Macro Gauge

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Introduction
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The Triad Macro Gauge (TMG) is designed to provide traders with a comprehensive view of the macroeconomic environment impacting financial markets. By synthesizing three critical market signals—VIX (volatility), Credit Spreads (credit risk), and the Stocks/Bonds Ratio (SPY/TLT)—this indicator offers a probabilistic assessment of market sentiment, helping traders identify bullish or bearish macro conditions.

• Holistic Macro Analysis: Combines three distinct macroeconomic indicators for multi-dimensional insights.
  
• Customization & Flexibility: Adjust weights, thresholds, lookback periods, and visualization styles.
  
• Visual Clarity: Dynamic table, color-coded plots, and anomaly markers for quick interpretation.
  
• Fully Consistent Scores: Identical values across all timeframes (4H, daily, weekly).
  
• Actionable Signals: Clear bull/bear thresholds and volatility spike detection.
  

Optimized for timeframes ranging from 4 hour to 1 week, the TMG equips swing traders and long-term investors with a robust tool to navigate macroeconomic trends.

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Key Indicators
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• VIX (CBOE:VIX): Measures market volatility (negatively weighted for bearish signals).
  
• Credit Spreads (FRED:BAMLH0A0HYM2EY): Tracks high-yield bond spreads (negatively weighted).
  
• Stocks/Bonds Ratio (SPY/TLT): Evaluates equity sentiment relative to treasuries (positively weighted).
  

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Originality and Purpose
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The TMG stands out by combining VIX, Credit Spreads, and SPY/TLT into a single, cohesive indicator. Its unique strength lies in its fully consistent scores across all timeframes, a critical feature for multi-timeframe analysis.

Purpose: To empower traders with a clear, actionable tool to:

1. Assess macro conditions
   
2. Spot market extremes
   
3. Anticipate reversals
   

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How It Works
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• VIX Z-Score: Measures volatility deviations (inverted for bearish signals).
  
• Credit Z-Score: Tracks credit spread deviations (inverted for bearish signals).
  
• Ratio Z-Score: Assesses SPY/TLT strength (positively weighted for bullish signals).
  
• TMG Score: Weighted composite of z-scores (bullish > +0.30, bearish < -0.30).
  
• Anomaly Detection: Identifies extreme volatility spikes (z-score > 3.0).
  

All calculations are performed using daily data, ensuring that scores remain consistent across all chart timeframes.

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Visualization & Interpretation
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The script visualizes data through:

• A dynamic table displaying TMG Score, VIX Z, Credit Z, Ratio Z, and Anomaly status, with color gradients (green for positive, red for negative, gray for neutral/N/A).
  
• A plotted TMG Score in Area, Histogram, or Line mode, with adaptive opacity for clarity.
  
• Bull/Bear thresholds as horizontal lines (+0.30/-0.30) to signal market conditions.
  
• Anomaly markers (orange circles) for volatility spikes.
  
• Crossover signals (triangles) for bull/bear threshold crossings.
  

The table provides an immediate snapshot of macro conditions, while the plot offers a visual trend analysis. All values are consistent across timeframes, simplifying multi-timeframe analysis.

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Script Parameters
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Extensive customization options:

• Symbol Selection: Customize VIX, Credit Spreads, SPY, TLT symbols
  
• Core Parameters: Adjust lookback periods, weights, smoothing
  
• Anomaly Detection: Enable/disable with custom thresholds
  
• Visual Style: Choose display modes and colors
  

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Conclusion
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The Triad Macro Gauge by Ox_kali is a cutting-edge tool for analyzing macroeconomic trends. By integrating VIX, Credit Spreads, and SPY/TLT, TMG provides traders with a clear, consistent, and actionable gauge of market sentiment.

Recommended for: Swing traders and long-term investors seeking to navigate macro-driven markets.

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Credit & Inspiration
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Special thanks to Caleb Franzen for his pioneering work on macroeconomic indicator blends – his research directly inspired the core framework of this tool.

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Notes & Disclaimer
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This is the initial public release (v2.5.9). Future updates may include additional features based on user feedback.

Please note that the Triad Macro Gauge is not a guarantee of future market performance and should be used with proper risk management. Past performance is not indicative of future results.