Technicals Rating Strategy v420

The Technicals Rating Strategy v420 indicator is a comprehensive trading system that aggregates signals from multiple technical indicators—including Ichimoku, Hull Moving Averages, RSI, Stochastic, CCI, and MACD—to generate directional trade entries based on a combined rating score.

Usage

The strategy functions by assigning numerical values to the state of various technical indicators. These values are summed to create a "Total Rating." When this rating exceeds a user-defined threshold, the script executes long or short entries.

• Trend Following: The strategy is designed to capture significant market moves by requiring alignment across multiple timeframe-compatible indicators.
• Filtering: Users can choose to operate in "Only Buy" or "Only Sell" modes to align with a higher-timeframe bias.
• Risk Management: The tool includes an integrated ATR-based Stop Loss and Take Profit mechanism to manage volatility and protect capital.
• Multi-Timeframe Analysis: Using the timeframe input, you can calculate the technical ratings based on a different timeframe than the current chart (e.g., viewing 1H ratings on a 15m chart).

Details

The script evaluates two main categories of indicators:

1. Moving Averages (MA): This category includes several Hull Moving Averages (HMA 10, 20, 30, 50, 100, 200) and the Ichimoku Cloud components. These evaluate the price relative to smoothed averages.
2. Oscillators: This category includes RSI (oversold/overbought momentum), Stochastic (K/D crossovers), CCI (trend strength), and MACD (signal line crossovers).

The final trade signal is a composite of the average rating of both categories. A signal is generated only when the combined strength surpasses the "Minimum Signal Strength" input, ensuring that only high-confluence setups are traded.

Settings

General Settings

• Indicator Timeframe: Sets the timeframe from which technical indicators calculate their values.
• Period Length: Adjusts the lookback period for the primary Hull Moving Average calculations.
• Minimum Signal Strength: The threshold required to trigger a trade (0.0 to 2.0). Higher values require more indicators to agree.
• Price Source: Determines the price data (Open, High, Low, Close) used for calculations.

Strategy Modes

• Use ONLY BUY mode: Restricts the strategy to only taking long positions.
• Use ONLY SELL mode: Restricts the strategy to only taking short positions.
• Use ATR for TP & SL: Enables automated risk management using Average True Range.

Indicator Toggles

• Use Ichimoku / Hull MA / RSI / Stoch / CCI / MacD: These toggles allow users to include or exclude specific indicators from the final rating calculation.

FAQ

How do I access Technicals Rating Strategy v420?

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

Can I use this for automated trading?

Yes, the script is designed as a strategy and includes alert functionality that can be connected to third-party bridge services for automated execution.

Why does the strategy have a lower win rate?

The strategy is optimized to capture "big moves" or trends. In trend-following systems, it is common to have a lower win rate offset by a high reward-to-risk ratio on winning trades.