OPEN-SOURCE SCRIPT
TS-DASH-v3.0 - Signal Arrows
Overview
The TS-DASH-v3.0 - Signal Arrows is a chart overlay indicator designed specifically to act as a visual companion to the 13 - TS-DASH-v3.0 dashboard.
What it Does
It prints clear bullish (green) and bearish (red) signal arrows directly on your price chart to identify potential trade entries. Rather than relying on a single calculation, the indicator acts as a "confluence engine." It continuously evaluates a basket of technical metrics and market internals, generating a signal only when a user-defined minimum number of these forces align in the same direction.
Key Features (High-Level):
Multi-Factor Confluence: It grades market conditions by aggregating data from moving average alignment, momentum flow, trend strength, cumulative volume delta (buying vs. selling pressure), and broader market internals.
Signal Confirmation: To reduce noise and false breakouts, the indicator requires the aligned conditions to hold for a set number of consecutive bars before officially plotting an arrow.
Smart "Kill Switch": A built-in risk management filter that automatically blocks signals during unfavorable or risky trading environments. This includes filtering out choppy times of day, low-volume periods, and adverse macroeconomic environments (such as sudden shifts in volatility structures or bond yields).
Customizable: Traders can toggle individual metrics and safety filters on or off to tailor the strictness of the signals to their personal strategy.
The TS-DASH-v3.0 - Signal Arrows is a chart overlay indicator designed specifically to act as a visual companion to the 13 - TS-DASH-v3.0 dashboard.
What it Does
It prints clear bullish (green) and bearish (red) signal arrows directly on your price chart to identify potential trade entries. Rather than relying on a single calculation, the indicator acts as a "confluence engine." It continuously evaluates a basket of technical metrics and market internals, generating a signal only when a user-defined minimum number of these forces align in the same direction.
Key Features (High-Level):
Multi-Factor Confluence: It grades market conditions by aggregating data from moving average alignment, momentum flow, trend strength, cumulative volume delta (buying vs. selling pressure), and broader market internals.
Signal Confirmation: To reduce noise and false breakouts, the indicator requires the aligned conditions to hold for a set number of consecutive bars before officially plotting an arrow.
Smart "Kill Switch": A built-in risk management filter that automatically blocks signals during unfavorable or risky trading environments. This includes filtering out choppy times of day, low-volume periods, and adverse macroeconomic environments (such as sudden shifts in volatility structures or bond yields).
Customizable: Traders can toggle individual metrics and safety filters on or off to tailor the strictness of the signals to their personal strategy.
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.
Discord: discord.gg/MM7wCHV7gB
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.
Discord: discord.gg/MM7wCHV7gB
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.