Multi-Factor Volume & RSI Screener

📊 Multi-Factor Volume & RSI Screener

What it Does: The Multi-Factor Volume & RSI Screener is a specialized dashboard designed for high-efficiency market analysis. It continuously scans up to 16 assets for high-probability setups, enabling traders to efficiently identify momentum and trend shifts without constant chart flipping.



Key Features & Customization:

Timeframe Flexibility: You can select any desired timeframe (e.g., 5-minute, 1-hour, 4-hour, etc.) for the scanner engine to base its calculations on, allowing it to adapt to various trading styles.



Custom Watchlist: The script allows you to configure and monitor a diversified portfolio of up to 15 assets alongside your current chart asset.



🔬 Proprietary Two-Tier Logic (Justifying Value): This closed-source indicator uses a unique, proprietary two-tier logic to generate filtered signals, providing original value by separating high-volume breakouts from pure trend flow:

✅ Tier 1: High-Confidence Signals (Volume Assets): For assets with reliable volume data (e.g., Stocks, Crypto), the script combines Relative Volume and RSI direction to identify high-momentum breakouts (labeled as BIG BUY or BIG SELL). This isolates movements that are statistically significant, providing cleaner entry points.

📈 Tier 2: Trend-Only Signals (Non-Volume Assets): For instruments lacking volume feeds (e.g., certain Forex pairs), the logic intelligently pivots to a purely RSI-based trend analysis to flag periods of strong directional movement (TREND UP or TREND DN), effectively separating trending markets from ranging chop.


Value to the Trader: This dual-logic system ensures comprehensive signal coverage regardless of the asset type. It allows the user to monitor a diversified portfolio of indices, FX, commodities, and stocks all from a single, organized table, thereby enhancing market breadth analysis.



Disclaimer: Trading involves substantial risk. All outputs are for informational and educational purposes only and are not financial advice.