Trend and Momentum Dashboard

The Trend and Momentum Dashboard indicator provides a comprehensive visual overview of price action across up to 13 different assets, utilizing Fibonacci-based sentiment analysis to determine market breadth and individual security strength. This tool allows traders to quickly identify which market segments are outperforming or underperforming by consolidating multiple tickers into a single, color-coded dashboard.

Usage

The dashboard is designed to be versatile across various timeframes and asset classes. Traders can use it to monitor sector rotation, correlate crypto assets, or gauge overall market sentiment.

• Market Breadth Analysis: The top line of the dashboard represents a cumulative score of all tracked assets. If the majority of assets are in bullish Fibonacci zones, the top line turns green; if they are bearish, it turns red.
• Long-Term Trend: On daily or weekly timeframes, use the dashboard to identify "hot" sectors or assets. A consistently blue/green display across multiple assets suggests a robust market-wide uptrend.
• Short-Term Momentum: On lower timeframes (e.g., 1h or 15m), the dashboard helps identify immediate directional shifts during market opens or news events.
• Color Coding (5-Color Mode):
  • Dark Green/Blue: Strong uptrend area.
  • Light Green/Blue: Prudent buyers area.
  • Gray: Neutral center area.
  • Light Red: Prudent sellers area.
  • Dark Red: Strong downtrend area.

Details

The indicator calculates Fibonacci levels based on a dynamic lookback period that adjusts according to the chart's timeframe. It identifies where the current price sits relative to these historical ranges (0.236, 0.382, 0.618, and 0.786 retracement levels).

By using request.security calls, the script fetches data for up to 13 user-defined tickers. It then assigns a score to each asset based on its position within the Fibonacci range. These scores are aggregated to create the "Total Fib Score," which determines the color of the top trend line and the optional background highlighting.

Settings

General Settings

• Linewidth: Adjusts the thickness of the horizontal status lines in the dashboard.
• 5 color vs 3 color: Toggles between a detailed 5-color sentiment gradient and a simplified 3-color (Bullish/Neutral/Bearish) mode.
• Background - last bar in period vs trading zones: Controls the background highlighting. It can either highlight the end of a specific time period or reflect the aggregate market trend.
• Bullish/Bearish threshold: Sets the sensitivity of the aggregate trend line. A higher threshold requires more assets to be bullish to flip the top line green.

Tickers and Descriptions

• Tickers (0-12): Input the symbol for each asset you wish to track (e.g., SPY, BTCUSD, AAPL).
• Descriptions (0-12): Custom labels that will appear next to each asset's status line for easy identification.

FAQ

How do I change the assets displayed in the dashboard?

You can modify the tickers in the indicator settings menu. Simply type the ticker symbol (e.g., "TSLA" or "ETHUSD") into any of the 13 ticker input slots.

Can I use this for crypto and forex?

Yes, the dashboard is asset-agnostic. You can input any symbol available on TradingView, including cryptocurrencies, forex pairs, commodities, and individual stocks.

How do I access Trend and Momentum Dashboard?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.