OPEN-SOURCE SCRIPT
Technical Strength Gauge [HexaTrades]
Most traders watch a handful of indicators and weigh them by gut feel. Technical Strength Meter does this objectively and at scale: It evaluates 74 indicator votes across 34 technical indicator families, turns each into a single Buy / Neutral / Sell vote, and aggregates those votes into three colour-graded strength gauges, each scored 0-100: Leading, Lagging, and an overall Summary. On top sits an analytics row that translates the raw votes into market context: regime, trend strength, volatility, confidence, probability and an A+ to D quality grade.
HOW IT WORKS - THE VOTING ENGINE
Each indicator votes: All 74 indicators are evaluated, and each casts exactly one vote:
+1 Buy (its bullish condition is met)
0 Neutral (no clear signal)
-1 Sell (its bearish condition is met)
The voting rule is matched to the indicator's nature:
• Oscillators vote by mean reversion, e.g. RSI must be below the oversold level AND turning back up to vote Buy; above the overbought level AND turning down to vote Sell; otherwise Neutral. The same "stretched, then turning" logic drives Stochastic, CCI, Williams %R, MFI, Ultimate, Stochastic RSI, TSI, Fisher and CMO.
• Moving averages vote by price location: close above the MA = Buy, below = Sell. This repeats for 10 MA families across 5 lengths (50 votes in total).
• Trend tools vote on their own state: Supertrend direction, price vs the Ichimoku cloud, +DI vs -DI, Parabolic SAR side, Linear-Regression slope, Vortex, and so on.
Votes are grouped & averaged : The votes split into a Leading set (early movers) and a Lagging set (trend confirmers). Each set is averaged into one number from -1 to +1, and the Summary is the average of the two halves.
Weighting & exclusions: By default every vote counts equally, but each gauge is a weighted average: you can scale whole categories (Oscillators / MAs / Trend) up or down, or switch any indicator off. A disabled indicator (weight 0) is dropped from both the average and the counts; it is NOT silently counted as Neutral. On symbols with no volume data, volume-based votes (VWMA, MFI) are auto-excluded the same way, so they don't dilute the score.
Score & verdict : Each -1…+1 average is rescaled to a 0-100 score and mapped to a five-step verdict:
0-25 Strong Sell · 25-45 Sell · 45-55 Neutral · 55-75 Buy · 75-100 Strong Buy
(Internally: rating <= -0.5 = Strong Sell, <= -0.1 = Sell, between = Neutral, >= 0.1 = Buy, >= 0.5 = Strong Buy.)
⭐️THREE GAUGES
• LEADING (16 indicators) momentum / early-mover tools that tend to turn before price: RSI, Stochastic, CCI, Williams %R, MFI, ROC, Momentum, Ultimate Oscillator, Awesome Oscillator, Stochastic RSI, TSI, Fisher Transform, CMO, plus Bollinger, Donchian and Aroon.
• LAGGING (58 indicators): trend-followers that confirm an established move: MACD histogram, 50 moving-average votes (10 MA types EMA, SMA, VWMA, WMA, HMA, RMA, ALMA, DEMA, TEMA, KAMA across 5 lengths), and Supertrend, ADX, Ichimoku, Parabolic SAR, Linear Regression, Vortex and DMI.
• SUMMARY: the balance of the Leading and Lagging halves; your one-number bias.
When the two halves agree, conviction is high; when Leading leads Lagging, a turn may be forming.
⭐️ANALYTICS ROW
• MARKET REGIME : Strong Bull / Bull / Sideways / Bear / Strong Bear. Combines five trend engines (Supertrend, Ichimoku, DMI, stacked-MA alignment, LinReg slope) into a directional bias, then gates it with ADX: low ADX = Sideways; high ADX + strong bias = a "Strong" trend.
• TREND STRENGTH % : how strong and aligned the trend is, blending the size of that directional bias with ADX magnitude.
• VOLATILITY : Low / Normal / High / Extreme, from the percentile rank of Bollinger Band width over the last 100 bars (so it adapts to each symbol).
• CONFIDENCE % : how trustworthy the current reading is: a blend of decisiveness (how far Summary is from neutral), Leading–Lagging agreement, and vote consistency.
• BULL / BEAR PROBABILITY % : the weighted balance of all votes, always summing to 100.
• SIGNAL-QUALITY GRADE : A+ to D, a composite of Confidence, Trend Strength and favourable volatility, for a quick "is this a clean setup?" read.
⭐️ SETTINGS GUIDE
Layout : anchor position, total width, summary size, height, compact mode, per-gauge show/hide, the five MA lengths, and toggles for the analytics row and breakdown table.
Signals & timeframe: analysis timeframe (MTF), confirm-on-close, Strong and normal Buy/Sell arrows, the signal trigger levels, the ADX whipsaw filter, background tint and the volatility alert.
Indicator periods : lengths for RSI, Stochastic, CCI, MFI, Williams %R, ROC, Momentum, ADX/DMI, Bollinger and MACD.
Overbought / Oversold: the OB/OS thresholds for RSI, Stochastic, MFI, Ultimate Oscillator, CCI and Williams %R.
Analytics thresholds: the ADX bands for regime and the percentile bands for volatility.
Weights & toggles: category weights (Oscillators / MAs / Trend) and an on/off switch for all 34 named indicators.
Colors: the full Strong-Sell to Strong-Buy palette and table colours.
Signals are calculated using closed-bar data when "Confirm on Close" is enabled. The indicator does not intentionally use future data or repaint historical signals.
⭐️How to use
Context first: read Market Regime and Volatility. "Strong" regimes favour trend-following; "Sideways" favours mean-reversion or standing aside; "Extreme" volatility means wider stops and more false breaks.
Bias: read the Summary gauge and its 0–100 score: your single-number lean.
Alignment:compare Leading vs Lagging. Both same side = confirmed conviction; Leading
ahead of Lagging = possible early turn; disagreement = mixed/choppy, so smaller size or wait.
Quality: check Confidence % and the A+…D Grade. An A-grade Strong Buy in a Strong Bull regime ≠ a borderline Buy in chop.
Execute: use the Buy/Sell arrows as visual triggers, or attach the built-in alerts.
Make it yours: shorter periods/lower triggers for scalping, longer/higher for swing; re-weight or disable indicators you don't trust; set an Analysis timeframe to read a higher TF from a lower chart.
⭐️ BEST USE CASES
Best suited for:
• Trend confirmation and trend-following strategies
• Market regime analysis (Bull, Bear, Sideways)
• Multi-indicator consensus and bias assessment
• Swing trading and position trading
• Day trading and intraday market analysis
• Higher-timeframe directional bias and confirmation
• Identifying alignment between momentum and trend indicators
Not designed for:
• Standalone trade entries without additional analysis
• Predicting exact tops, bottoms, or reversals
• Guaranteed market forecasts or future price predictions
• Fully automated trading systems without validation
• Replacing risk management, position sizing, or trading plans
Technical Strength Meter combines the signals of 74 widely used technical indicators into a single, transparent decision-support framework. By separating indicators into Leading and Lagging categories, the indicator helps traders identify potential turning points, confirm established trends, and understand the overall market bias at a glance. Rather than relying on a single indicator, it provides a structured consensus view supported by market regime, volatility, confidence, probability, and signal-quality analysis. Whether used for scalping, day trading, or swing trading, the goal is to simplify complex technical data into actionable market context while keeping every vote visible and explainable.
We would love to hear your suggestions. If you have ideas for new features, indicators, analytics, or improvements, please share your feedback. Your input helps guide future updates and improve the indicator for all traders.
For educational and informational purposes only. This indicator is designed to assist technical analysis and should not be considered financial, investment, or trading advice.
HOW IT WORKS - THE VOTING ENGINE
Each indicator votes: All 74 indicators are evaluated, and each casts exactly one vote:
+1 Buy (its bullish condition is met)
0 Neutral (no clear signal)
-1 Sell (its bearish condition is met)
The voting rule is matched to the indicator's nature:
• Oscillators vote by mean reversion, e.g. RSI must be below the oversold level AND turning back up to vote Buy; above the overbought level AND turning down to vote Sell; otherwise Neutral. The same "stretched, then turning" logic drives Stochastic, CCI, Williams %R, MFI, Ultimate, Stochastic RSI, TSI, Fisher and CMO.
• Moving averages vote by price location: close above the MA = Buy, below = Sell. This repeats for 10 MA families across 5 lengths (50 votes in total).
• Trend tools vote on their own state: Supertrend direction, price vs the Ichimoku cloud, +DI vs -DI, Parabolic SAR side, Linear-Regression slope, Vortex, and so on.
Votes are grouped & averaged : The votes split into a Leading set (early movers) and a Lagging set (trend confirmers). Each set is averaged into one number from -1 to +1, and the Summary is the average of the two halves.
Weighting & exclusions: By default every vote counts equally, but each gauge is a weighted average: you can scale whole categories (Oscillators / MAs / Trend) up or down, or switch any indicator off. A disabled indicator (weight 0) is dropped from both the average and the counts; it is NOT silently counted as Neutral. On symbols with no volume data, volume-based votes (VWMA, MFI) are auto-excluded the same way, so they don't dilute the score.
Score & verdict : Each -1…+1 average is rescaled to a 0-100 score and mapped to a five-step verdict:
0-25 Strong Sell · 25-45 Sell · 45-55 Neutral · 55-75 Buy · 75-100 Strong Buy
(Internally: rating <= -0.5 = Strong Sell, <= -0.1 = Sell, between = Neutral, >= 0.1 = Buy, >= 0.5 = Strong Buy.)
⭐️THREE GAUGES
• LEADING (16 indicators) momentum / early-mover tools that tend to turn before price: RSI, Stochastic, CCI, Williams %R, MFI, ROC, Momentum, Ultimate Oscillator, Awesome Oscillator, Stochastic RSI, TSI, Fisher Transform, CMO, plus Bollinger, Donchian and Aroon.
• LAGGING (58 indicators): trend-followers that confirm an established move: MACD histogram, 50 moving-average votes (10 MA types EMA, SMA, VWMA, WMA, HMA, RMA, ALMA, DEMA, TEMA, KAMA across 5 lengths), and Supertrend, ADX, Ichimoku, Parabolic SAR, Linear Regression, Vortex and DMI.
• SUMMARY: the balance of the Leading and Lagging halves; your one-number bias.
When the two halves agree, conviction is high; when Leading leads Lagging, a turn may be forming.
⭐️ANALYTICS ROW
• MARKET REGIME : Strong Bull / Bull / Sideways / Bear / Strong Bear. Combines five trend engines (Supertrend, Ichimoku, DMI, stacked-MA alignment, LinReg slope) into a directional bias, then gates it with ADX: low ADX = Sideways; high ADX + strong bias = a "Strong" trend.
• TREND STRENGTH % : how strong and aligned the trend is, blending the size of that directional bias with ADX magnitude.
• VOLATILITY : Low / Normal / High / Extreme, from the percentile rank of Bollinger Band width over the last 100 bars (so it adapts to each symbol).
• CONFIDENCE % : how trustworthy the current reading is: a blend of decisiveness (how far Summary is from neutral), Leading–Lagging agreement, and vote consistency.
• BULL / BEAR PROBABILITY % : the weighted balance of all votes, always summing to 100.
• SIGNAL-QUALITY GRADE : A+ to D, a composite of Confidence, Trend Strength and favourable volatility, for a quick "is this a clean setup?" read.
⭐️ SETTINGS GUIDE
Layout : anchor position, total width, summary size, height, compact mode, per-gauge show/hide, the five MA lengths, and toggles for the analytics row and breakdown table.
Signals & timeframe: analysis timeframe (MTF), confirm-on-close, Strong and normal Buy/Sell arrows, the signal trigger levels, the ADX whipsaw filter, background tint and the volatility alert.
Indicator periods : lengths for RSI, Stochastic, CCI, MFI, Williams %R, ROC, Momentum, ADX/DMI, Bollinger and MACD.
Overbought / Oversold: the OB/OS thresholds for RSI, Stochastic, MFI, Ultimate Oscillator, CCI and Williams %R.
Analytics thresholds: the ADX bands for regime and the percentile bands for volatility.
Weights & toggles: category weights (Oscillators / MAs / Trend) and an on/off switch for all 34 named indicators.
Colors: the full Strong-Sell to Strong-Buy palette and table colours.
Signals are calculated using closed-bar data when "Confirm on Close" is enabled. The indicator does not intentionally use future data or repaint historical signals.
⭐️How to use
Context first: read Market Regime and Volatility. "Strong" regimes favour trend-following; "Sideways" favours mean-reversion or standing aside; "Extreme" volatility means wider stops and more false breaks.
Bias: read the Summary gauge and its 0–100 score: your single-number lean.
Alignment:compare Leading vs Lagging. Both same side = confirmed conviction; Leading
ahead of Lagging = possible early turn; disagreement = mixed/choppy, so smaller size or wait.
Quality: check Confidence % and the A+…D Grade. An A-grade Strong Buy in a Strong Bull regime ≠ a borderline Buy in chop.
Execute: use the Buy/Sell arrows as visual triggers, or attach the built-in alerts.
Make it yours: shorter periods/lower triggers for scalping, longer/higher for swing; re-weight or disable indicators you don't trust; set an Analysis timeframe to read a higher TF from a lower chart.
⭐️ BEST USE CASES
Best suited for:
• Trend confirmation and trend-following strategies
• Market regime analysis (Bull, Bear, Sideways)
• Multi-indicator consensus and bias assessment
• Swing trading and position trading
• Day trading and intraday market analysis
• Higher-timeframe directional bias and confirmation
• Identifying alignment between momentum and trend indicators
Not designed for:
• Standalone trade entries without additional analysis
• Predicting exact tops, bottoms, or reversals
• Guaranteed market forecasts or future price predictions
• Fully automated trading systems without validation
• Replacing risk management, position sizing, or trading plans
Technical Strength Meter combines the signals of 74 widely used technical indicators into a single, transparent decision-support framework. By separating indicators into Leading and Lagging categories, the indicator helps traders identify potential turning points, confirm established trends, and understand the overall market bias at a glance. Rather than relying on a single indicator, it provides a structured consensus view supported by market regime, volatility, confidence, probability, and signal-quality analysis. Whether used for scalping, day trading, or swing trading, the goal is to simplify complex technical data into actionable market context while keeping every vote visible and explainable.
We would love to hear your suggestions. If you have ideas for new features, indicators, analytics, or improvements, please share your feedback. Your input helps guide future updates and improve the indicator for all traders.
For educational and informational purposes only. This indicator is designed to assist technical analysis and should not be considered financial, investment, or trading advice.
สคริปต์โอเพนซอร์ซ
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
สคริปต์โอเพนซอร์ซ
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน