ALIGN // Cross-Asset Context Dashboard [Compact ICS]

The ALIGN // Cross-Asset Context Dashboard [Compact ICS] indicator provides a comprehensive overview of market conditions by analyzing the relationship between the current asset and broader market indices. It utilizes a proprietary Intermarket Conviction Score (ICS) to help traders determine if the broader market, specific sectors, and risk factors are supporting or fighting their current trade setup.

Usage

The ALIGN dashboard acts as a high-level trade filter, allowing you to gauge the quality of the environment before entering a position. It is designed to answer whether the market environment is "Exceptional," "Noisy," or "Fragile."

• Trade Confirmation: Use the ICS score (ranging from -100 to +100) to confirm trade direction. Positive scores indicate bullish alignment, while negative scores suggest bearish alignment.
• Environment Grading: Review the Grade (A+ through F) to quickly assess the clarity and stability of the current market context.
• Action Guidance: Follow the "Action" suggestions (e.g., Full Long, Selective Long, Reduce/Selective) to adjust your position sizing based on environmental risk.
• History Strip: Monitor the color-coded history strip to see if market conditions are improving (turning green) or deteriorating (turning red) over the recent session.

Details

The core of the indicator is the Intermarket Conviction Score (ICS). Unlike standard indicators that only look at price action on the current chart, ALIGN executes multi-symbol calculations to derive context from:

• Direction: The underlying trend of broader indices.
• Clarity: A proprietary metric that penalizes "choppy" or noisy price action.
• Persistence: Measures how long a specific market state has been held to avoid reacting to temporary flips.
• Dominance: Determines how much weight an external asset (like the VIX or TNX) should have based on its current correlation with your chart.
• Cohesion: Evaluates whether multiple signals (Market, Sector, Risk) are in agreement.

Settings

Core Settings

• Profile: Select between "Scalp," "Balanced," or "Swing" to adjust the internal sensitivity and smoothing of the ICS calculation.
• Broad Market Symbol: The primary index used for general market health (default is SPY).
• Sector ETF: The specific sector fund related to the asset being traded (e.g., XLK for technology).
• Use QQQ / Use TNX: Toggles for including growth/tech context or interest rate pressure in the final score.
• Context TF: The timeframe used for calculating the background market data.

Display

• Show Panel: Toggles the visibility of the main dashboard.
• Show History: Displays or hides the recent trend history strip.
• History Bars: Sets the number of historical lookback bars shown in the history strip.
• Show Status Label: Toggles a simplified status label on the chart.

FAQ

How do I interpret the Action guidance?

The Action field provides a suggestion based on the ICS. "Full Long" implies strong multi-asset alignment, while "Reduce / Selective" suggests that the environment is noisy or conflicting, and it may be better to stay sidelined or reduce risk.

What do the MKT, SEC, and RSK rows mean?

MKT represents overall market support (usually SPY), SEC represents the strength of the chosen Sector ETF, and RSK represents risk pressure derived from volatility (VIX) and rates (TNX).

How do I get access to ALIGN // Cross-Asset Context Dashboard [Compact ICS]?

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