Elite Trend Fusion

This indicator combines multiple technical analysis tools to assist traders in identifying trends, support/resistance levels, and potential trading opportunities. Developed by IQ-TRADER with contributions to the Alpha Section by KivancOzbilgic, this script overlays the following components on your chart:

EMA1: A customizable Exponential Moving Average for short-term trend analysis.

SMA Cluster (50, 100, 200): Simple Moving Averages on daily timeframes to identify long-term trends and key support/resistance zones.

Anchored VWAP x2 (VWAPCVD & VWAPARZ): Two Volume Weighted Average Price lines anchored to user-defined dates, providing insights into price levels relative to volume from specific points in time.

AlphaTrend: A custom trend-following indicator based on ATR and MFI, helping to gauge market direction and volatility.

Usage InstructionsInstallation:
Copy and paste the script into the Pine Script editor on TradingView, then add it to your chart.

Customization:Adjust the periods for EMA, SMA50, SMA100, and SMA200 under the "Inputs" tab.

Set the anchor dates for VWAPCVD and VWAPARZ to analyze specific historical periods.

Enable or disable individual components (EMA1, SMA50, SMA100, SMA200, VWAPCVD, VWAPARZ, AlphaTrend) and toggle labels via the settings.

Customize colors and line thickness to suit your preferences.

Modify the AlphaTrend multiplier and period for tailored sensitivity.

Interpretation:
Use the EMA1 for short-term momentum and crossovers with SMAs.
Monitor SMA crossovers (e.g., SMA50 crossing SMA200) for trend changes.
The Anchored VWAPs act as dynamic support/resistance levels based on the selected anchor dates.
AlphaTrend provides a visual guide for trend direction; use it alongside other indicators for confirmation.
Labels on the last bar show the current value and percentage distance from the price for each enabled indicator.

Pine Screener Module Usage:
Add this indicator to the Pine Screener to filter stocks, forex pairs, or other instruments based on the calculated distances (in percentage) between the close price and SMA50, SMA100, SMA200, VWAPCVD, and VWAPARZ.
In the Screener, use the "SMA50 Distance (%)", "SMA100 Distance (%)", "SMA200 Distance (%)", "VWAPCVD Distance (%)", and "VWAPARZ Distance (%)" columns to identify overbought/oversold conditions or potential reversal points.
Example filters: Set conditions like "SMA50 Distance (%) > 5" to find stocks trading significantly above the 50-day SMA, or "VWAPCVD Distance (%) < -2" to spot assets below the anchored VWAP, indicating potential support levels.
Combine multiple conditions (e.g., SMA50 Distance (%) > 5 AND AlphaTrend > previous AlphaTrend) to refine your scan for bullish trends.
Note: Ensure the indicator is applied to the chart or screener with the desired timeframe for accurate results.

Notes
This is an overlay indicator, meaning it plots directly on the price chart.
The script uses daily SMA calculations for consistency across timeframes.
Labels appear only on the last bar and are customizable.
This tool is for educational and informational purposes only. Trading involves risks, and it is recommended to consult a financial advisor before making decisions.

The script is credited to IQ-TRADER with acknowledgment to KivancOzbilgic for the Alpha Section contribution, adhering to intellectual property guidelines.

No Financial Advice: The description explicitly states that the indicator is for educational use and not financial advice, complying with TradingView's policy against promoting trading signals as guarantees.

Clear Usage: Step-by-step instructions are provided to ensure users can apply the indicator effectively, including screener usage.

No External Links or Promotions: No external links or promotional content is included, aligning with platform rules.