QX OSB Score Markers 2.0

Indicator Disclaimer | Report this indicator

Screenshot of QX OSB Score Markers 2.0 indicator

General idea

This indicator, named "QX OSB Score Markers 2.0", is designed to identify overbought and oversold conditions in the market using multiple technical indicators. It calculates a composite score based on the agreement of various indicators and paints markers on the chart when certain conditions are met.

Usage

The indicator uses a combination of popular technical indicators like MACD, RSI, PPO, MFI, CCI, Stochastic RSI, and others to determine overbought and oversold conditions. It then applies a scoring system and agreement calculation to generate signals. These signals are visualized on the chart as star-shaped markers (✦) at price extremes, with optional score numbers displayed.

Users can configure parameters such as the number of indicator agreements required for overbought and oversold conditions, persistence bars, and local window size. The indicator also incorporates ATR-based dynamic extreme guardrails to ensure signals occur at significant price levels.

Key features

Multiple indicator integration: Combines 14 different technical indicators for a comprehensive analysis.
Customizable parameters: Allows users to adjust sensitivity and other settings.
Visual representation: Displays star-shaped markers on the chart for easy identification of signals.
Score display: Optionally shows the number of agreeing indicators alongside the markers.
ATR-based price extremes: Uses Average True Range to ensure signals occur at significant price levels.
Signal registration: Registers overbought and oversold signals for use in other TrendSpider features like alerts or strategy testing.

This indicator aims to provide traders with a comprehensive tool for identifying potential reversal points in the market, based on the agreement of multiple technical indicators and price action.

Add to TrendSpider

Terms and Conditions

THE INFORMATION PROVIDED THROUGH ANY CONTENT (“CONTENT”) PUBLISHED ON OR PROVIDED THROUGH THE MARKETPLACE (“MARKETPLACE”) SUPPORTED BY TRENDSPIDER LLC (“TRENDSPIDER”) IS PROVIDED "AS IS" AND "AS AVAILABLE" BY THIRD PARTIES AND NOT BY TRENDSPIDER OR ANY OF ITS AFFILIATES. TRENDSPIDER DOES NOT WARRANT THE ACCURACY, COMPLETENESS OR TIMELINESS OF ANY MARKET INFORMATION, FEATURES, TOOLS OR OTHER ITEMS (“INFORMATION”) MADE AVAILABLE THROUGH ANY CONTENT. TRENDSPIDER EXPRESSLY DISCLAIMS ALL WARRANTIES, EITHER EXPRESS OR IMPLIED, PERTAINING TO THE MARKETPLACE, THE CONTENT OR ANY INFORMATION MADE AVAILABLE THROUGH ANY CONTENT, INCLUDING, WITHOUT LIMITIATION, IMPLIED WARRANTIES OF MERCHANTABILITY, ACCURACY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. TRENDSPIDER EXPRESSLY DISCLAIMS ALL LIABILITY FOR ERRORS OR OMISSIONS IN, OR THE MISUSE OR MISINTERPRETATION OF, ANY INFORMATION MADE AVAILABLE THROUGH ANY CONTENT.

YOU ASSUME THE ENTIRE RISK AS TO THE USE OF ANY INFORMATION MADE AVAILABLE THROUGH ANY CONTENT. UNDER NO CIRCUMSTANCES WILL TRENDSPIDER OR ITS AFFILIATES, AGENTS, OR EMPLOYEES BE LIABLE FOR ANY DAMAGES OF ANY KIND THAT RESULT FROM THE USE OF, OR THE INABILITY TO USE, ANY CONTENT, OR ANY RELAINCE ON ANY INFORMATION MADE AVAILABLE THROUGH ANY CONTENT, EVEN IF ANY SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

The Content is for informational, educational and entertainment purposes only. Although Content may make available Information relating to investment approaches and opportunities to buy or sell securities, you should not construe any Information made available through any Content as legal, tax, investment, financial or other advice. Nothing contained in any Content constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. Investing involves risk and you alone assume the sole responsibility of evaluating the merits and risks associated with the use of any Information made available through any Content before making any decisions. You agree not to hold TrendSpider or its affiliates, agents or employees liable for any possible claim for damages arising from any decision you make based on Information made available through any Content.

Some free Content may require a separate subscription to paid Content in order to fully function. TrendSpider makes no representation or warranty as to the level of functionality of any Content offered on the Marketplace and hereby expressly disclaims any such warranty.

Unless otherwise indicated in the Marketplace, TrendSpider is not responsible for billing or user entitlement matters. Any issues pertaining these matters should be directed to the publisher of the Content.

Cancel Accept and continue

Disclaimer

Report This Indicator

General idea

Usage

Key features

Traders also viewed