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Predictive Indicator Matrix v2 (public)

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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.

Note 1: This tool is intended for market analysis and should not be construed as investment advice.

Note 2: Community engagement is encouraged. For additional features like a time display on the table, please provide feedback in the comments. I am open to incorporating such features to enhance the tool's utility based on user preference.

Notas de Lançamento
Fixed prediction graph logic, added RADIANS calc which was previously ignored. This led to different outcomes than manual calculation.
Notas de Lançamento
All the Quality of Life updates!

Now there are toggles for everything on the table to be shown from:
Timeframes: Show the timeframe row being analyzed;
Ratings: Each rating -4 to 4 of each indicator and each timeframe;
Score: Each timeframes' overall score average in %;
Bias: Bias % of each timeframe;
Time: The time that each prediction level is based on/expected;
ATR: ATR for each timeframe;
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.

You can also change font, colours, size of everything.

This will probably be the last update for a while as I've hit all my goals for this script for Quality of Life, usefulness and I've triple checked that all the calculations are now correct.

Last note, if you'd like to backtest, click replay then select a timeframe. Take note of the prediction, but in order to check another time in the past you must cancel replay first, then choose another time. This is due to the number of cycles and requests the script pulls.

Enjoy!
Notas de Lançamento
I was asked to have the old way of plotting the prediction lines, so I made that a toggle option. Off by default, but if you toggle "Show 1 Line?" to off, then you'll have the old way of generating prediction lines available to you, should you prefer it.

Since I was changing that, I made some more minor Quality of Life adjustments so that all the settings you can see at once and are better organized. Also updated the colour scheme.

Thanks for all the positive feedback, and this will be the final update for a long while as I can't imagine anything else to add.
Notas de Lançamento
Updated chart to follow TV publishing rules, apologies for the double ping.
Average True Range (ATR)multitimeframestatistics

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