Here’s a method to graphically display the signal status for a group of indicators as well as an algorithm for generating a consensus indicator that shows when these indicators are in sync. (by Norm North).

The below indicator compiled trend conditions on many indicators, such as the Bollinger Bands, RSI, CCI, Ease Of Movement, MACD, Money Flow Index, ROC and Stochastic. Each conditions gain a score of +5 or -5 (depending of the direction) and therefore give a global indicator with a score between 5 and 95.

5 is extremely bearish, while 95 is extremely bullish. Converted from a Metastock code following a request in the italian forum.

bolinslb = BollingerDown[20](close)
BOLInSUB= BollingerUp[20](close)

BOLInS2 = (close - BOLInSLB ) / (BOLInSUB- BOLInSLB)

//BOLInSLL
if bolins2<.05 then
bolinsll=-5
elsif bolins2>.95 then
bolinsll=5
else
bolinsll=0
endif

//CCIInS
if cci[14]>100 then
cciins=5
elsif cci[14]<-100 then
cciins=-5
else
cciins=0
endif

EMVInS2 = EaseOfMovement[10]-average[10](EaseOfMovement[10])

//EMVInSB
if emvins2<0 then
if average[10](EaseOfMovement[10])<0 then
emvinsb = -5
else
emvinsb=0
endif
else
emvinsb=0
endif

//EMVInSS
if emvins2>0 then
if average[10](EaseOfMovement[10])>0 then
emvinss=5
else
emvinss=0
endif
else
emvinss=0
endif

MACDInS2 = MACD[12,26,9](close)-average[10](MACD[12,26,9](close))

//MACDinSB
if macdins2<0 then
if average[10](MACD[12,26,9](close))<0 then
macdinsb=-5
else
macdinsb=0
endif
else
macdinsb=0
endif

//MACDInSS
If MACDInS2 > 0 then
if average[10](MACD[12,26,9](close))>0 then
macdinss=5
else
macdinss=0
endif
else
macdinss=0
endif

//MFIInS
if MoneyFlowIndex[20]>80 then
mfiins=5
elsif MoneyFlowIndex[20]<20 then
mfiins=-5
else
mfiins=0
endif

PDOInS2 = DPO[18] - average[10](DPO[18])

//PDOInSB
if pdoins2<0 then
if average[10](DPO[18])<0 then
pdoinsb=-5
else
pdoinsb=0
endif
else
pdoinsb=0
endif

//PDOInSS
if pdoins2>0 then
if average[10](DPO[18])>0 then
pdoinss=5
else
pdoinss=0
endif
else
pdoinss=0
endif

ROCInS2 = ROC[10](close) - average[10](ROC[10](close))

//ROCInSB
if rocins2<0 then
if average[10](ROC[10](close))<0 then
rocinsb=-5
else
rocinsb=0
endif
else
rocinsb=0
endif

//ROCInSS Index
if rocins2>0 then
if average[10](ROC[10](close))>0 then
rocinss=5
else
rocinss=0
endif
else
rocinss=0
endif

//RSIInS
If( RSI[14]> 70) then
rsiins=5
elsIf( RSI[14]< 30) then
rsiins=-5
else
rsiins=0
endif

//STO%dInS
if Stochastic[14,3](close)>80 then
stodins=5
elsif Stochastic[14,3](close)<20 then
stodins=-5
else
stodins=0
endif

//STO%kInS
if Stochastic[14,1](close)>80 then
stokins=5
elsif Stochastic[14,1](close)<20 then
stokins=-5
else
stokins=0
endif

InSync=50 + CCIInS+ BOLInSLL+ RSIInS+ STOkInS+ STOdInS+ MFIInS+ EMVInSB+ EMVInSS+ ROCInSS+ ROCInSB+ PDOInSS[10]+ PDOInSB[10]+ MACDInSS+ MACDInSB


return insync coloured(150,0,0) style(line,3) as "InSync Index", 5 coloured(0,168,0) as "level 5", 25 coloured(0,168,0) style(point,4) as "level 25", 50 coloured(168,168,168) as "level 0", 75 coloured(255,0,0) style(point,4) as "level 75", 95 coloured(255,0,0)