Checklist Signals

The Checklist Signals indicator provides a comprehensive dashboard of over 10 essential technical analysis tools organized into a clean, label-based interface. It aims to deliver critical market data—including momentum, trend stacking, and volatility levels—without cluttering the price chart, allowing traders to maintain a "checklist" of conditions for trade entries and exits.

Usage

The indicator organizes information into six rows of labels positioned at the top of the chart. Each label provides real-time data from various technical indicators:

• Row 1 (Trend & Squeeze): Displays ADX and DMI values. Labels highlight when a trend is confirmed (ADX > 20) or when DI+ / DI- are dominant. It also features a Squeeze indicator showing the state (High/Mid/Low compression) and a bar counter for build-up or release.
• Row 2 (Momentum): Displays Fibonacci-based EMA stacking (8, 21, 34, 55, 89, 233). It identifies if the market is in a "Stacked Bull" or "Stacked Bear" configuration. This row also includes Bollinger Band % (BB%), RSI, and Stochastic values.
• Row 3 (Key Levels): Provides the value of the "Mean" (default 21 EMA), the numerical value of one ATR for trade planning, the VIX value, and Ballista oscillator signals.
• Row 4-6 (Volatility Bands): Displays standard deviation levels for ATR and VWAP (Daily, Weekly, or Monthly).

Details

The script uses an ATR-based positioning system to ensure labels hover above the highest price point within a user-defined lookback period. The "Trending" feature applies a moving average to the internal indicator values (like RSI or ADX) to show directional arrows within the labels, indicating if that specific metric is currently increasing or decreasing. The Squeeze logic compares Bollinger Bands to Keltner Channels to identify volatility compression, while the Ballista section tracks momentum inversions.

Settings

Labels Input

• X/Y Axis Starting Point: Adjusts the horizontal and vertical coordinates of the label grid.
• Y Axis Lookback: Sets the number of bars used to determine the highest high for label placement.
• Vertical/Horizontal Label Spread: Controls the spacing between individual labels and rows.
• ATR/VWAP Off: Toggles the visibility of specific volatility band rows.
• Trending On/Lookback: Enables direction arrows within labels based on the specified period.
• Squeeze Settings: Toggles for "Fired", "Build Up", and "Release" counters.
• VWAP Band Resolution: Selects between Daily, Weekly, or Monthly anchors for VWAP calculations.

Technical Parameters

• ADX/DI Length: Sets the smoothing and lookback for trend strength calculations.
• BB% / RSI / Stochastic Length: Individual period settings for each momentum oscillator.
• Mean Length: Defines the period for the primary moving average (The Mean).
• Arrow Lookback: Sets the period for the optional higher-high/lower-low chart arrows.

FAQ

How do I access Checklist Signals?

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

Why are my labels overlapping?

Overlap typically occurs on different timeframes due to price volatility. Adjust the "X Axis Starting Point" or the "Horizontal/Vertical Label Spread" in the settings to resolve this.

What does "Stacked -1" mean in the EMA label?

This indicates that the Fibonacci EMAs are mostly aligned in a trend, but one moving average is out of sequence, suggesting a potential weakening or transition in the trend.