ProIndex v8

ProIndex v8 — One indicator that shows trend strength + smart reversal hints

Non-repaint / stability notes
Most signals can be set to closed bars only.
Optional Hard Non-Repaint Mode is provided for the most sensitive modules (VPR + divergence), at the cost of fewer/laggier prints.

Intrabar VPR uses lower-timeframe data only when the selected TF is valid for the chart.

ProIndex v8 is an all-in-one trading indicator designed to answer two questions clearly:

- Is the market more bullish or bearish right now (and how strong is it)?
- Is a reversal starting to build (exhaustion / absorption / divergence)?

Instead of juggling lots of indicators, ProIndex v8 combines them into one easy-to-read histogram, plus optional labels on the chart.

What you get
1) A “Strength Meter” histogram (simple to read)

The main histogram changes color to show:

*Weak Buy / Buy / Strong Buy
*[Weak Sell / Sell / Strong Sell
*special color when price is at an RSI extreme (overbought/oversold)
*Optional “neutral” bars near the middle to show no clear edge
*There’s also a signal line to help spot momentum shifts.

2) Clear buy/sell markers (optional)

You can show:

Small dots in the indicator when a buy/sell signal happens
Arrows on the price chart (so you don’t miss it)

You can choose if signals trigger when:
- the score crosses the signal line, or
- the score crosses the zero line (bullish vs bearish side)

3) A “confidence score” for signals (optional)

If you want fewer, higher-quality signals, ProIndex v8 can require extra confirmation before printing BUY/SELL labels.

You can turn on confirmations like:

- Double RSI
- Triple CCI
- Ultra low-lag MACD

When enabled, labels can show something like:

BUY 2/3 (2 confirmations out of 3 were aligned)

Extra tools for spotting reversals (optional)
4) Divergence labels (bullish/bearish)

ProIndex v8 can automatically mark:
Bullish divergence (selling pressure weakening)
Bearish divergence (buying pressure weakening)
…and also hidden divergence if you want it.

5) Exhaustion / sweep labels (turning point clues)

This feature looks for common reversal behaviour like:

price “sweeping” a recent high/low (liquidity grab),
then snapping back with strong rejection.

It can print labels like:

EXH BUY
EXH SELL

6) VPR reversal labels (ProIndex’s “smart reversal engine”)

This is the advanced reversal module, but the idea is simple:

When RSI goes extreme (overbought/oversold), ProIndex v8 watches:
where the most trading activity happened (the “busy price area”)
whether price is showing rejection / absorption / weakness
whether flow confirms it

Then it can print:

VPR BUY
VPR SELL
…and even ABSORB BUY/SELL labels when it detects absorption (lots of volume but price not moving much).

You can also show live guide lines on the chart (optional) during these RSI extreme phases.

Controls to reduce noise (important)

ProIndex v8 includes tools to help avoid “messy” market conditions:

A dead-zone near the middle (to reduce chop)
Optional volume filter (avoid low activity periods)
Optional chop filter (avoid sideways conditions)
Settings to keep labels readable (auto-delete old labels + smart stacking)

Who it’s for

ProIndex v8 is useful if you:

- trade trends and want to know when momentum is strong,
- trade pullbacks and want better timing,
- trade reversals and want extra warning signs (divergence/exhaustion/absorption),
- want one clean tool instead of 5–10 indicators.

Important note

This indicator does not guarantee wins. It’s a decision-support tool. Always test it on your market/timeframe and use proper risk management.