SOL Technical Confluence Dashboard

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How to Use This Confluence Dashboard

Setup Instructions:

Use the other script published as the 1 of 2 scripts to add to your 4-hour SOL chart.

What You'll See:
1. RSI Panel with Enhancements

Colored RSI line (Green = oversold, Red = overbought)
Divergence detection (triangles mark divergences)
Background color changes on strong signals

2. Confluence Table (Top Right)
Shows real-time status of:

RSI: Current value and signal
MACD: Trend direction
Volume: Spike detection and relative volume
Divergence: Bull/Bear divergence alerts
Confluence Scores: 0-10 scale for bull/bear strength
Overall Signal: STRONG BUY/SELL, BUY/SELL, or WAIT

3. Net Confluence Histogram (Bottom)

Green bars = Bullish confluence
Red bars = Bearish confluence
Height = Strength of signal

How It Works with Elliott Waves:
Scenario 1: Wave 5 Top Detection

Elliott Wave shows Wave 5 approaching 261.8%
Confluence Dashboard shows:

RSI: 78 (overbought) ❌
MACD: Bearish cross ❌
Volume: Declining ❌
Divergence: Bearish ❌
Signal: STRONG SELL 🔴



Scenario 2: Wave 2 Bottom

Elliott Wave shows Wave 2 at 61.8% retracement
Confluence Dashboard shows:

RSI: 28 (oversold) ✅
MACD: Bullish cross ✅
Volume: Spike ✅
Divergence: Bullish ✅
Signal: STRONG BUY 🟢



Confluence Scoring System:
The script uses a weighted scoring system:

Divergences: 3 points (most reliable)
RSI extremes: 2 points
Volume spikes: 2 points
MACD signals: 1.5 points
Price action: 1 point

Signals:

Score ≥ 5 = STRONG signal
Score ≥ 3 = Moderate signal
Score < 3 = WAIT

Pro Tips for Maximum Accuracy:

Best Setups: When Elliott Wave completion aligns with STRONG signals
Avoid: Taking trades when confluence is mixed
Volume Confirmation: Always check if volume supports the move
Divergence Priority: RSI divergence at wave endpoints is highly reliable

Alerts Available:

Strong Bullish Confluence
Strong Bearish Confluence
Bullish Divergence
Bearish Divergence

This gives you a complete technical analysis suite that works seamlessly with your Elliott Wave indicator. The combination significantly improves accuracy by confirming wave counts with momentum, volume, and divergence analysis!

semalam

Nota Keluaran

Developed by ITECS, this system allows us to combine multiple indicators and aggregate those metrics into visual displays, which can then be fed to an AI agent that understands and breaks down the market conditions into an executive summary.