Smart Trading Dashboard

Study Material for Smart Trading Dashboard (Educational Use)
________________________________________
1. Introduction
The Smart Trading Dashboard is a multi-parameter technical analysis tool built in TradingView.
It combines several important market factors—trend, volume, momentum, open interest (OI), risk/reward, and option ratios—into a single visual dashboard table.
⚠️ This script is not a buy/sell machine. It is for learning market observation and developing discipline in technical analysis.
________________________________________
2. Main Components & Logic
🔹 Supertrend (Trend + Signals)
• Uses ATR (Average True Range) and a multiplier to plot dynamic support/resistance lines.
• Buy signal: Price crosses above supertrend.
• Sell signal: Price crosses below supertrend.
• Dashboard shows "LONG", "SHORT", or "WAIT".
👉 Learning: Students can observe how supertrend filters trends and compare it with sideways markets.
________________________________________
🔹 Entry, Stop Loss & Targets
• Once a signal appears, the script marks levels automatically:
o Entry: Closing price when signal generated.
o Stoploss (SL): % below (for long) or above (for short).
o Targets: 3 stepwise profit levels (10%, 20%, 30% by default).
• Also calculates Risk-Reward Ratio (RR).
👉 Learning: Students practice comparing SL vs. TP. A high RR (≥2) is safer than low RR.
________________________________________
🔹 Volume Analysis
• Uses 20-bar moving average to compare current volume.
• Shows Volume Ratio (Current ÷ Average).
o 1.5 = High volume.
o Around 1 = Normal.
o <1 = Weak.
• Volume Progress % compares today’s traded volume vs. past average.
👉 Learning: Helps understand how strong or weak a move is.
E.g., Price breakout + High Volume Ratio → Valid.
Breakout + Low Volume → Risky.
________________________________________
🔹 PCR (Put-Call Ratio)
• Simulated from 60-minute put/call volumes.
• PCR > 1.2 = Bearish bias (puts dominant).
• PCR < 0.8 = Bullish bias (calls dominant).
• Between 0.8 – 1.2 = Neutral.
👉 Learning: Students see how option traders’ positioning affects market sentiment.
________________________________________
🔹 OI Trend (Open Interest)
• Compares current hour vs. previous hour OI and price.
• Interprets into market behavior:
o Long Buildup → OI ↑ + Price ↑
o Short Buildup → OI ↑ + Price ↓
o Long Unwinding → OI ↓ + Price ↓
o Short Covering → OI ↓ + Price ↑
• Extra cases: Long Accumulation, Bearish Weakness.
👉 Learning: Beginners can observe if positions are being added or exited.
________________________________________
🔹 RSI Momentum
• RSI < 30 → Market oversold (Bullish momentum).
• RSI > 70 → Market overbought (Bearish momentum).
• Else → Neutral.
👉 Learning: Track momentum alignment with signals.
________________________________________
🔹 PDC (Previous Day Close levels)
• If price > yesterday’s high → Bullish.
• If price < yesterday’s low → Bearish.
• Else Neutral.
👉 Learning: Simple method to check if the market is breaking out of yesterday’s range.
________________________________________
🔹 Dashboard Table (Dark Theme)
The script creates a professional black-themed dashboard on the chart with:
1. Signal & Momentum → LONG/SHORT/WAIT + RSI condition.
2. Trend → Bullish/Bearish/Neutral.
3. Volume % & Buy/Sell Bias.
4. Price, Entry, SL, Targets, RR.
5. Performance metrics: Profit %, OI status, Day Range, etc.
6. Volume details: Today’s Volume, Avg Volume, Put/Call Vol, PCR, ATM Strike.
👉 Learning: Students can read multiple factors in one glance instead of switching indicators.
________________________________________
🔹 Alerts
The script can trigger alerts for:
• Buy/Sell signals.
• High volume spikes.
• Profit target achievements (5%, 10%).
👉 Learning: Students practice monitoring without staring at charts all the time.
________________________________________
3. How Students Should Use It
1. Observation First, No Trading:
Track how signals behave across trends, ranges, and news events.
2. Journal Keeping:
Note signal type, SL, RR, volume strength, and actual market result.
3. Focus on Risk/Reward:
Avoid setups where RR < 1.
4. Combine With Candlestick Study:
Look for patterns (Doji, Engulfing) near signal levels.
5. Timeframe Adaptation:
Short timeframes = noisy signals. Higher = more reliable.
________________________________________
4. Common Beginner Mistakes
• Blindly following "LONG" or "SHORT" without checking volume & OI confirmation.
• Ignoring Stop Loss (most critical).
• Trading every signal (overtrading).
• Assuming 100% accuracy.
• Not adjusting parameters (ATR, RR) for different assets.
________________________________________
5. Educational Value
By practicing with this dashboard, a student learns:
• How trend, volume, OI, momentum interact.
• Why confirmation from multiple indicators is stronger than one.
• How to think in probabilities, not certainties.
________________________________________
6. Disclaimer
This script is developed for educational purposes only under TradingView study guidelines.
• It is not financial advice.
• Past performance ≠ future results.
• Misuse for blind speculation can lead to financial loss.
• Always apply risk management and consult a certified advisor for actual trading.
________________________________________
✅ With this dashboard, students can train their market eye:
• See when signals succeed/fail.
• Understand market psychology behind OI & PCR.
• Build patience and discipline instead of chasing trades.

Disclaimer from aiTrendview
This script and its trading signals are provided for training and educational purposes only. They do not constitute financial advice or a guaranteed trading system. Trading involves substantial risk, and there is the potential to lose all invested capital. Users should perform their own analysis and consult with qualified financial professionals before making any trading decisions. aiTrendview disclaims any liability for losses incurred from using this code or trading based on its signals. Use this tool responsibly, and trade only with risk capital.