Tradingview - Screener Ratings

The Tradingview - Screener Ratings indicator provides a visual representation of the technical analysis ratings used in the standard TradingView Screener, offering a consolidated view of market sentiment based on multiple technical indicators.

Usage

The Usage section allows traders to monitor the aggregate rating of a security without opening the screener panel. The indicator outputs three primary lines:

• Moving Averages Rating: An aggregate score based on various EMAs, SMAs, VWMA, and Hull Moving Averages.
• Oscillators Rating: An aggregate score derived from RSI, Stochastic, CCI, ADX, Momentum, MACD, and more.
• Rating (Total): The final average of both the Moving Averages and Oscillators ratings.

The output is mapped to a scale between -1 and 1:

• Strong Buy: 0.5 to 1.0
• Buy: 0.1 to 0.5
• Neutral: -0.1 to 0.1
• Sell: -0.1 to -0.5
• Strong Sell: -0.5 to -1.0

Details

The script calculates ratings by evaluating individual indicator conditions. For moving averages, it compares the current price to the average (Bullish if price is above, Bearish if below). For oscillators, it looks for specific conditions such as crossovers, overbought/oversold reversals (e.g., RSI or Stochastics), or momentum shifts (e.g., MACD or Awesome Oscillator).

The calculation uses request.security to fetch data based on the user-defined "Resolution" setting, allowing you to track higher timeframe ratings on lower timeframe charts.

Settings

General

• Resolution (minutes): Determines the timeframe used for the technical calculations (e.g., 1, 5, 15, 60, or 240 minutes).

Moving Averages

• EMA/SMA Lengths: Adjust the periods for the 10, 20, 30, 50, 100, and 200 Moving Averages.
• VWMA 20: The length for the Volume Weighted Moving Average.
• HMA 9: The length for the Hull Moving Average.

Oscillators

• RSI Length: Period for the Relative Strength Index.
• STOCH K/D/Smooth: Parameters for the Stochastic Oscillator.
• CCI Length: Period for the Commodity Channel Index.
• Momentum Length: Period for the Momentum indicator.
• MACD Fast/Slow: Periods for the MACD EMA lines.
• ADX/DI Length: Smoothing and period settings for the Average Directional Index.
• BBP EMA Length: Period for the Bull Bear Power calculation.
• William Perc Range Length: Period for the WPR.
• UO Length 7/14/28: Periods for the Ultimate Oscillator.

FAQ

How do I access Tradingview - Screener Ratings? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Why does the rating differ from the default Screener? The rating might differ slightly if your chart resolution or the "Resolution" setting in the indicator does not match the Screener's timeframe, or if specific indicator lengths have been customized.

Can I use this for alerts? Yes, the script is optimized for alerts based on the cross of specific rating thresholds like "Strong Buy" or "Strong Sell".