Dynamic Dots Dashboard (a Cloud/ZLEMA Composite)

The Dynamic Dots Dashboard (a Cloud/ZLEMA Composite) indicator provides a binary visualization of price relative to key dynamic supports and resistances, helping traders identify market cycles without cluttering the main chart. By tracking the relationship between price and multiple trend-following tools, it plots dots in dedicated support (green) or resistance (red) zones based on whether the price is above or below specific levels.

Usage

The dashboard is split into two primary sections: the top (Red) for resistances and the bottom (Green) for supports.

• Dot Heatmap: When a dynamic level is above the current price, a dot appears in the red resistance box. When price is above the level, the dot shifts to the green support box.
• Market Cycle Detection: High density in the resistance zone suggests a bearish cycle. A shift where dots transition from the resistance zone to the support zone indicates a potential "flipping" of levels and the start of a bullish cycle.
• Histogram: The central histogram summarizes the total count of supports vs. resistances, providing a quick read on overall trend strength.
• Bar Coloring: When enabled, the chart candles will change color based on the aggregate dot density, providing a visual cue for trend shifts directly on the price action.

Details

The tool utilizes a composite of six dynamic levels to determine the market state:

• Ichimoku Cloud components: Tenkan-Sen, Kijun-Sen, Senkou Span A, and Senkou Span B.
• Moving Averages: Two selectable moving averages (defaulting to 99 and 200 length ZLEMAs). The dashboard uses dashed lines to separate these categories within the UI: Cloud indicators are positioned above the dashed lines, while the Moving Averages are positioned below them. This separation allows traders to see specifically which type of dynamic level is being respected or broken.

Settings

Visual Settings

• Show Histogram?: Toggles the visibility of the central summation histogram.
• Show Colored Bars?: Enables bar coloring based on the current support/resistance density.
• Show Dots?: Toggles the main dot dashboard display.
• Histogram Line Width: Adjusts the thickness of the histogram bars.

Cloud Settings

• Use Ichimoku Cloud?: Enables or disables the Ichimoku components in the calculation.
• Conversion Line Periods: Length for the Tenkan-Sen.
• Base Line Periods: Length for the Kijun-Sen.
• Lagging Span 2 Periods: Length for the Senkou Span B.
• Displacement: The lookback/offset for cloud calculations.

MA Settings

• Moving Average Type: Select between ZLEMA, EMA, SMA, or Hull MA.
• MA 1/2 length: Sets the periods for the two moving average dots (defaulted to 99 and 200).

FAQ

How do I interpret the density of the dots?

High density in the green zone indicates strong dynamic support across multiple time-sensitive levels, whereas high density in the red zone indicates significant overhead resistance.

Can I use this for scalping or long-term investing?

Yes, the indicator is effective on all assets and timeframes. However, higher timeframes generally provide more reliable signals for market cycle transitions.

How do I access Dynamic Dots Dashboard (a Cloud/ZLEMA Composite)?

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