Multi-Indicator Screener: 30 Assets

The Multi-Indicator Screener: 30 Assets tool monitors 30 customizable assets across a single chart panel to classify momentum and market breadth across various technical indicators. It provides a real-time visualization of market-wide sentiment, allowing traders to identify whether broad conditions confirm or diverge from a specific trade thesis.

Usage

The indicator displays 30 horizontal zones, each representing an asset. Users can select one of ten technical indicators (e.g., RSI, MACD, or Supertrend) to be applied across all assets simultaneously. Assets are classified into four states: Strong Bullish, Weak Bullish, Weak Bearish, or Strong Bearish.

Key features include:

• Asset Categories: Instantly switch between Stocks & ETFs, Cryptocurrency, Commodities, Global Indices, or a Custom list.
• Visual System: Color-coded zones indicate momentum intensity based on streak length. Users can choose from different color palettes and styles like "Traffic Light" or "Hue Shift."
• Divergence Highlighting: Assets moving against the aggregate market direction are highlighted in gold to spot potential rotation or outliers.
• Total Market Line: A master line at the top summarizes the aggregate momentum of the entire 30-asset basket.

Details

The script uses various calculations to determine momentum states:

• EMA Slope: Measures the geometric slope angle (in degrees) normalized against the asset’s 200-bar range to classify trend strength.
• OBV Trend: Uses short and long moving averages of On-Balance Volume to detect volume-flow momentum.
• Vol Delta: Approximates institutional buying/selling pressure within each bar by normalizing the relationship between the close and the high-low range.
• RSI & MACD: Employs dual-condition filters (e.g., RSI relative to its SMA and the 50 midline) to reduce false signals.

Settings

• Asset Preset: Select the watchlist category (Stocks, Crypto, etc.) or "Custom" for manual entry.
• Active Indicator: Choose the primary technical metric for the screener logic.
• Indicator Parameters: Individual groups for RSI, MACD, EMA Slope, etc., to tune lengths and thresholds.
• Color Settings: Options for color palettes (including colorblind safe) and styles (Standard, Traffic Light, Hue Shift).
• Display Settings: Adjust zone height, gaps, and labels, or toggle the Dashboard Table and Mini Heatmap.
• Alert Settings: Configure alerts for Strong Bullish/Bearish momentum, sentiment shifts, or extreme market conditions.

FAQ

• How do I access the Multi-Indicator Screener: 30 Assets? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
• Can I monitor my own custom watchlist? Yes, by setting the "Asset Preset" to "Custom," you can manually input up to 30 symbols in the "Custom Assets" settings group.
• Which timeframe is best for this indicator? The screener works on any timeframe. However, settings like VWAP and Vol Delta are most effective on intraday charts (1m to 4H).