OPEN-SOURCE SCRIPT

Market X-Ray Dashboard: Trend, Momentum & Volume [THF]

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This script is designed to solve a common problem for traders: "Analysis Paralysis." Instead of cluttering the chart with multiple oscillators and indicators, the Market X-Ray Dashboard aggregates key market data into a clean, scannable table. It provides a real-time confluence check by combining Trend, Momentum, and Volume analysis.
​How it Works (The Logic)
The dashboard monitors four distinct technical factors and assigns a status based on specific thresholds. Here is the mathematical breakdown of the components:
​1. RSI (Relative Strength Index)
​Period: 14 (Default)
​Logic: Measures the speed and change of price movements.
​Overbought (>70): High probability of reversal (Bearish).
​Bullish Zone (<45): Indicates potential upside room.
​Oversold (<30): Strong potential for a bounce.
​2. MACD (Moving Average Convergence Divergence)
​Settings: 12, 26, 9
​Logic: Used for trend following.
​Buy Signal: MACD Line crosses above Signal Line + Histogram is increasing.
​Sell Signal: MACD Line crosses below Signal Line + Histogram is decreasing.
​3. Stochastic RSI
​Settings: 14, 14, 3, 3
​Logic: A more sensitive momentum indicator to catch short-term pivots.
​Uses smoothed K and D lines to filter out noise.
​Identifies "Strong Buy" zones when the oscillator is below 20 and "Strong Sell" when above 80.
​4. Volume Analysis (New Feature)
​Logic: Volume is the fuel of the market. This component compares the current volume bar against a 20-period Simple Moving Average (SMA).
​High Vol Alert: If the current volume exceeds the average by 1.5x (customizable), it triggers a "High Vol 🔥" alert.
​Color Coding: The volume cell adapts to the candle color. High volume on a green candle suggests strong buying pressure, while high volume on a red candle suggests strong selling pressure.
​The "Overall" Confluence Algorithm
The final row provides an algorithmic summary based on the confluence of the above indicators:
​Uptrend 🚀: Triggered when at least 2 out of 3 momentum indicators (RSI, MACD, Stoch) align on a Buy signal.
​Downtrend 🔻: Triggered when at least 2 out of 3 indicators align on a Sell signal.
​Neutral/Ranging: When signals are conflicting (e.g., RSI is overbought but MACD is bullish).
​Features & Settings
​Fully Customizable Colors: Users can change the colors for Strong Buy, Buy, Neutral, Sell, and Strong Sell to fit their chart theme (Dark/Light mode).
​Adjustable Thresholds: All lengths (RSI, MACD, Volume SMA) are adjustable in the settings menu.
​Volume Multiplier: Users can define what constitutes "High Volume" (default is 1.5x the average).
​How to Use This Tool
This dashboard should be used as a confirmation tool.
​Trend Confirmation: Do not trade blindly. If the "Overall" status says "Uptrend," look for price action setups (like support bounces) to go long.
​Volume Validation: Use the Volume row to validate breakouts. A breakout with "Low Vol" is likely a fake-out.
​Divergence Spotting: If the price is making a new high but the Dashboard shows RSI entering "Strong Sell," be cautious of a reversal.
​Disclaimer:
This tool is for informational purposes only and does not guarantee profits. Technical analysis works best when combined with risk management and fundamental analysis.

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