Predictive Indicator Matrix v4 (public)
Predictive Indicator Matrix for TradingView
The "Predictive Indicator Matrix" is an advanced analytical tool for TradingView, designed to work across multiple timeframes from 1D to 5m. It employs a complex algorithm combining various technical indicators such as the Ichimoku Cloud, ADX, five EMAs, slow and fast versions of MACD, Stochastic Oscillator, and RSI. This combination is meticulously curated to provide a multifaceted view of the market.
The uniqueness of this script lies in its trigonometric and mathematical logic. It utilizes trigonometric functions, like the arctangent and cosine functions, to calculate the 'bias' and 'score' of market trends, presented in decimal percentages (%). These calculations are pivotal in understanding market dynamics and potential directional changes. The 'bias' is calculated using the cosine of the arctangent of the ratio between current and previous scores, adjusted for market shift. This innovative approach provides a nuanced understanding of market momentum and trend strength.
Furthermore, the script dynamically generates prediction lines based on these calculations. These lines represent potential future market paths, plotted using the current market data and the calculated levels from the matrix. This feature visually represents the script's analysis, offering users an intuitive and actionable insight into potential market movements.
The integration of these indicators, along with the trigonometric calculations, makes the script not only unique but also a powerful tool for traders. It encapsulates various market aspects in one matrix, offering a comprehensive analysis that goes beyond traditional indicator-based strategies.
Additional Features:
Data Options:
Note 1: This tool is intended for market analysis and should not be construed as investment advice.
The "Predictive Indicator Matrix" is an advanced analytical tool for TradingView, designed to work across multiple timeframes from 1D to 5m. It employs a complex algorithm combining various technical indicators such as the Ichimoku Cloud, ADX, five EMAs, slow and fast versions of MACD, Stochastic Oscillator, and RSI. This combination is meticulously curated to provide a multifaceted view of the market.
The uniqueness of this script lies in its trigonometric and mathematical logic. It utilizes trigonometric functions, like the arctangent and cosine functions, to calculate the 'bias' and 'score' of market trends, presented in decimal percentages (%). These calculations are pivotal in understanding market dynamics and potential directional changes. The 'bias' is calculated using the cosine of the arctangent of the ratio between current and previous scores, adjusted for market shift. This innovative approach provides a nuanced understanding of market momentum and trend strength.
Furthermore, the script dynamically generates prediction lines based on these calculations. These lines represent potential future market paths, plotted using the current market data and the calculated levels from the matrix. This feature visually represents the script's analysis, offering users an intuitive and actionable insight into potential market movements.
The integration of these indicators, along with the trigonometric calculations, makes the script not only unique but also a powerful tool for traders. It encapsulates various market aspects in one matrix, offering a comprehensive analysis that goes beyond traditional indicator-based strategies.
Additional Features:
- The line updates on the first bar close when you load it onto the chart, providing immediate insights into the market.
- It also updates on the most recent close of the Update Interval that you choose in the settings. The default setting is on the 1-hour timeframe (1H).
- You can now use REPLAY MODE!
Data Options:
- Timeframes: Show the timeframe row being analyzed;
- Score: Each timeframes' overall score average in %;
- Bias: Bias % of each timeframe;
- Time: The time that each prediction level is based on/expected;
- Pip Change: Based on the bias and volatility, expected pip change;
- Levels: The expected level based on the aggregate analysis;
- Min/Max Level: The minimum and maximum level based on the analysis;
- Potential Stop Loss: Based on the current price, where you should set your SL if you were to go long or short;
- Prediction: The prediction line that we calculate.
- Show 1 Line?: Only have the most recent line on your chart.
Note 1: This tool is intended for market analysis and should not be construed as investment advice.