OPEN-SOURCE SCRIPT
Macro Dashboard V5
Macro Dashboard V5 is a macro sentiment indicator for TradingView that combines multiple markets into one dashboard.
It analyzes relationships between:
Bitcoin
U.S. Dollar Index (DXY)
S&P 500 (SPX)
CBOE Volatility Index (VIX)
The panel displays trend, Daily/Weekly bias, liquidity sweeps, correlations, and calculates a Confluence Score (0-100) to identify high-probability trading setups.
When strong market alignment occurs, the indicator triggers a High Probability Setup alert.
Macro Dashboard V5 is a macro analysis panel that combines multiple markets to determine risk sentiment and trading bias.
The indicator analyzes the relationship between:
Bitcoin
U.S. Dollar Index (DXY)
S&P 500 (SPX)
CBOE Volatility Index (VIX)
It generates a Confluence Score (0-100) to identify high probability setups.
Dashboard Components
Trend
Trend is determined using EMA crossover:
EMA 20
EMA 50
Interpretation:
Status Meaning
Bull bullish trend
Bear bearish trend
Daily
Shows if price is:
Above Daily Open → bullish bias
Below Daily Open → bearish bias
This is one of the most important intraday levels.
Weekly
Displays the relation to the Weekly Open.
Useful for mid-term market bias.
Liquidity
Detects liquidity sweeps:
High Sweep – break of Previous Day High
Low Sweep – break of Previous Day Low
Often followed by strong reversals or expansions.
Correlation
Displays BTC correlation with:
Asset Interpretation
DXY usually inverse
SPX usually positive
VIX inverse correlation
Risk Engine
Defines the market regime:
Regime Conditions
Risk ON SPX up, DXY down, VIX down
Risk OFF SPX down, DXY up, VIX up
Interpretation:
Risk ON → look for longs
Risk OFF → look for shorts
Confluence Score
Score is calculated using multiple conditions:
Condition Points
BTC above Daily Open +20
BTC above Weekly Open +20
SPX bullish +20
DXY bearish +20
VIX bearish +20
Score Interpretation
Score Meaning
80-100 High probability setup
60-80 Bullish bias
40-60 Neutral
0-40 Bearish bias
Alerts
The indicator triggers an alert:
High Probability Setup
when:
Score ≥ 80
This indicates strong market alignment.
It analyzes relationships between:
Bitcoin
U.S. Dollar Index (DXY)
S&P 500 (SPX)
CBOE Volatility Index (VIX)
The panel displays trend, Daily/Weekly bias, liquidity sweeps, correlations, and calculates a Confluence Score (0-100) to identify high-probability trading setups.
When strong market alignment occurs, the indicator triggers a High Probability Setup alert.
Macro Dashboard V5 is a macro analysis panel that combines multiple markets to determine risk sentiment and trading bias.
The indicator analyzes the relationship between:
Bitcoin
U.S. Dollar Index (DXY)
S&P 500 (SPX)
CBOE Volatility Index (VIX)
It generates a Confluence Score (0-100) to identify high probability setups.
Dashboard Components
Trend
Trend is determined using EMA crossover:
EMA 20
EMA 50
Interpretation:
Status Meaning
Bull bullish trend
Bear bearish trend
Daily
Shows if price is:
Above Daily Open → bullish bias
Below Daily Open → bearish bias
This is one of the most important intraday levels.
Weekly
Displays the relation to the Weekly Open.
Useful for mid-term market bias.
Liquidity
Detects liquidity sweeps:
High Sweep – break of Previous Day High
Low Sweep – break of Previous Day Low
Often followed by strong reversals or expansions.
Correlation
Displays BTC correlation with:
Asset Interpretation
DXY usually inverse
SPX usually positive
VIX inverse correlation
Risk Engine
Defines the market regime:
Regime Conditions
Risk ON SPX up, DXY down, VIX down
Risk OFF SPX down, DXY up, VIX up
Interpretation:
Risk ON → look for longs
Risk OFF → look for shorts
Confluence Score
Score is calculated using multiple conditions:
Condition Points
BTC above Daily Open +20
BTC above Weekly Open +20
SPX bullish +20
DXY bearish +20
VIX bearish +20
Score Interpretation
Score Meaning
80-100 High probability setup
60-80 Bullish bias
40-60 Neutral
0-40 Bearish bias
Alerts
The indicator triggers an alert:
High Probability Setup
when:
Score ≥ 80
This indicates strong market alignment.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.