IQ_Trader's Technical Scoring System With Signals

1 Jul

The IQ Trader's Technical Scoring System is a sophisticated trading indicator designed to assist traders in identifying potential BUY and SELL opportunities using a dynamic scoring mechanism.
By combining traditional technical indicators (SMA, MACD) with a custom Adaptive Gaussian Moving Average (AGMA) and Bayesian trend probability analysis, this indicator provides a comprehensive view of market conditions. It generates multiple signal types to support various trading strategies, including main BUY/SELL signals, additional BUYS/SELLS signals, and STOP/STRONG STOP signals for risk management.

Key Features

Dynamic Scoring System:
The indicator calculates separate Buy and Sell scores based on multiple conditions, including:
Price position relative to daily SMA50 and SMA200.
Price position relative to the Adaptive Gaussian Moving Average (AGMA).
Bayesian trend analysis incorporating RSI, MACD, EMA, ATR, and volume zones.
MACD position and crossover/crossunder events.

Scores are displayed in a table, showing the contribution of each component (e.g., "Price > SMA50: 20") for transparency.

Signal Types:

Main BUY/SELL Signals:
Triggered when the Buy/Sell score falls within user-defined dynamic thresholds (adjustable for above/below SMA50 conditions).
Controlled by an inTrade state to prevent overlapping signals (BUY only when not in a trade, SELL only when in a trade).
Disabled by default; enable via settings ("Enable Main BUY Signals" and "Enable Main SELL Signals").

Additional BUYS/SELLS Signals:
Generated when the Buy score exceeds the Sell score (BUYS) or vice versa (SELLS).
Sequentially alternates (BUYS → SELLS → BUYS) to avoid repetitive signals, using an inBuysState mechanism.
Always enabled for quick trend insights.

STOP/STRONG STOP Signals:
STOP: Triggered when the price is above SMA50 and MACD crosses below the signal line in a lower timeframe.
STRONG STOP: Triggered when the price is above SMA50, MACD is below the signal line, and the price is below AGMA in a lower timeframe.
Disabled by default; enable via settings ("Enable STOP Signals" and "Enable STRONG STOP Signals").
Useful for risk management and exiting positions.

Visual and Customization Options:

Plots: Displays daily SMA50, SMA200, AGMA, MACD, and MACD Signal lines, all toggleable via settings.
Score Table: Shows real-time Buy and Sell score components at the top center of the chart.
Signal Markers:
Main BUY: Green label ("BUY") below the bar.
Main SELL: Red label ("SELL") above the bar.
BUYS: Lime triangle up ("BUYS") below the bar.
SELLS: Fuchsia triangle down ("SELLS") above the bar.
STOP: Orange triangle down ("STOP") above the bar.
STRONG STOP: Red triangle down ("STRONG") above the bar.

Settings: Highly customizable thresholds, enable/disable conditions, and plot visibility.

Alert Support:
Configurable alerts for all signal types (Dynamic BUY, Dynamic SELL, BUYS, SELLS, STOP, STRONG STOP).
Alerts are gated by enable settings for main BUY/SELL and STOP/STRONG STOP signals to prevent unwanted notifications.

How to Use
Add the Indicator:
Apply the indicator to your chart via TradingView’s Pine Editor or Indicator Library.
By default, only the additional BUYS/SELLS signals are active, along with SMA50/200, AGMA, and MACD plots.

Customize Settings:
Thresholds: Adjust buyThresholdLow, buyThresholdHigh, etc., to fine-tune the sensitivity of main BUY/SELL signals.
Enable Signals: Check "Enable Main BUY Signals", "Enable Main SELL Signals", "Enable STOP Signals", or "Enable STRONG STOP Signals" to activate these signals.
Toggle Plots: Use "Show Daily SMA50/200", "Show AGMA", and "Show MACD and Signal Line" to control chart visuals.
Score Conditions: Enable/disable individual score components (e.g., "Price Above Daily SMA50") to focus on specific indicators.

Interpret Signals:
Main BUY/SELL: Use for primary entry (BUY) and exit (SELL) decisions, ideal for swing or trend-following strategies.
BUYS/SELLS: Monitor for early trend changes or confirmation of momentum, suitable for shorter-term trades.
STOP/STRONG STOP: Consider as warnings to tighten stops or exit positions, especially in volatile markets.
Check the score table to understand which conditions are driving the signals.

Set Alerts:
Create alerts for desired signals (e.g., "Dynamic BUY Signal") via TradingView’s alert menu.
Ensure the corresponding signal is enabled in settings to receive alerts.

Notes for Traders
Timeframe Flexibility: The indicator adapts to different timeframes, with lower timeframe MACD and AGMA calculations for STOP signals. Test on your preferred timeframe (e.g., 1H, 4H, 1D).
Risk Management: Always combine signals with proper risk management, such as stop-loss orders, as STOP/STRONG STOP signals are not guaranteed exit points.
Backtesting: Before trading, backtest the indicator on historical data to evaluate performance with your strategy.
Customization: Adjust score weights (e.g., scoreSMA50AbovePrice) or Bayesian conditions to align with specific assets or market conditions.

Why This Indicator?
The IQ Trader's Technical Scoring System SS stands out for its blend of traditional and advanced analytics. The Bayesian trend analysis adds a probabilistic layer to decision-making, while the dynamic scoring system ensures signals are context-aware (above/below SMA50). Whether you're a swing trader, day trader, or risk-conscious investor, this indicator offers actionable insights with customizable controls.
Feedback Welcome: Share your experience or suggestions in the comments to help improve this tool for the TradingView community!

15 Jul

Nota Keluaran

📌 IQ Trader's Technical Scoring System With Signals
The IQ Trader's Technical Scoring System is a sophisticated trading indicator designed to help traders identify potential BUY and SELL opportunities using a dynamic scoring mechanism. By combining traditional technical indicators (SMA, MACD) with a custom Adaptive Gaussian Moving Average (AGMA) and Bayesian trend probability analysis, this tool provides a comprehensive and context-aware view of market conditions.

🔍 Key Features
- Multi-layered Scoring System: Calculates separate Buy and Sell scores based on price position, AGMA slope, MACD behavior, and Bayesian trend probabilities.
- Multiple Signal Types: Includes Main BUY/SELL, Additional BUYS/SELLS, and STOP/STRONG STOP signals for flexible strategy support.
- Customizable Visuals: Toggle plots, score tables, and signal markers to suit your charting preferences.
- Alert Integration: Fully configurable alerts for all signal types, gated by enable settings to prevent noise.

📈 Scoring System Logic
The indicator uses a dual scoring engine—Buy Score and Sell Score—derived from weighted conditions such as:
- Price above Daily SMA50/SMA200
- MACD above Signal Line
- Positive AGMA slope
- Bayesian trend probability exceeding threshold
Each condition contributes a specific score value (e.g., “Price > SMA50: +20”), displayed transparently in a score table. Users can customize weights to adapt the system to different assets or market environments.
🤝 Why These Components Work Together
This system was built to address the limitations of standalone indicators in volatile or uncertain markets. AGMA adapts to price dynamics, offering flexibility beyond static SMAs. Bayesian analysis integrates RSI, MACD, EMA, ATR, and volume zones into a probabilistic framework, enhancing signal reliability and reducing false positives.
🚦 Signal Logic
Signals are generated based on score relationships and user-defined thresholds:
- Main BUY/SELL Signals:
Triggered when scores cross dynamic thresholds. Controlled by an inTrade state to prevent overlapping entries/exits. Disabled by default.
- Additional BUYS/SELLS Signals:
Activated when Buy Score exceeds Sell Score (BUYS) or vice versa (SELLS). Alternates sequentially to avoid repetition. Always enabled.
- STOP/STRONG STOP Signals:
STOP: MACD crosses below signal line while price is above SMA50.
STRONG STOP: Adds condition—price must also be below AGMA.
Designed for risk management. Disabled by default.
All signal types are configurable via settings, and alerts can be set accordingly. The score table helps users interpret which conditions are driving each signal.

⚙️ Customization & Alerts
- Thresholds: Adjust buyThresholdLow, buyThresholdHigh, etc., to fine-tune signal sensitivity.
- Enable Signals: Toggle Main BUY/SELL and STOP/STRONG STOP signals via settings.
- Plot Visibility: Control display of SMA50/200, AGMA, MACD, and signal lines.
- Score Components: Enable/disable individual conditions to focus on specific market factors.
- Alerts: Create alerts for any signal type using TradingView’s alert menu. Ensure the corresponding signal is enabled.

📋 How to Use
- Apply the Indicator:
Add it via Pine Editor or Indicator Library. By default, only BUYS/SELLS signals and core plots are active.
- Customize Settings:
Use the settings panel to adjust thresholds, enable signals, and toggle visuals.
- Interpret Signals:
- Main BUY/SELL: Ideal for swing or trend-following entries/exits
- BUYS/SELLS: Useful for early trend detection or momentum confirmation
- STOP/STRONG STOP: Risk management triggers in volatile conditions
- Backtest & Optimize:
Test across timeframes (e.g., 1H, 4H, 1D) and adjust score weights to align with your strategy.

🔒 Closed-Source Transparency
While the script is protected, its logic is modular and transparent through the score table. Each component contributes meaningfully to the final score. The Bayesian module evaluates momentum divergences and trend continuation probabilities, helping traders understand the rationale behind each signal.

📊 Chart Simplicity
The published chart includes only the outputs of this indicator. No external indicators or unexplained drawings are present. All visual elements—score tables, signal markers, and plots—are generated by the script itself and can be toggled via settings.

🧠 Notes for Traders
- Timeframe Flexibility:
The indicator adapts to various timeframes. STOP signals use lower timeframe MACD and AGMA for precision.
- Risk Management:
Always combine signals with proper stop-loss and position sizing. STOP/STRONG STOP signals are not guaranteed exit points.
- Community Feedback:
Suggestions and feedback are welcome to improve this tool for the TradingView community.