In technical analysis, relying on a single indicator can often lead to false signals or “market noise.” The most robust trading decisions usually come from a consensus, a situation where multiple independent tools point in the same direction.
The Technical Ratings Pro is a high-level analytical tool designed to provide this consensus automatically. It aggregates 27 different technical conditions into a single, easy-to-read interface, giving you a real-time “score” of the market bias.
How It Works: The Internal Logic
The indicator is divided into two major technical categories that analyze price from different perspectives:
1. The Moving Averages Category (15 Conditions)
This section determines the trend by comparing the current closing price to various averages and cloud structures. It includes:
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Simple Moving Averages (SMA): Periods 10, 20, 30, 50, 100, and 200.
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Exponential Moving Averages (EMA): Periods 10, 20, 30, 50, 100, and 200.
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Hull Moving Average: A 9-period Hull MA for fast trend detection.
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Volume Weighted Moving Average (VWMA): A 20-period average adjusted for trading volume.
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Ichimoku Cloud: Analyzes the relationship between Lead Line 1, Lead Line 2, and the Base Line.
2. The Oscillators Category (11 Conditions)
This section looks for momentum shifts and overbought/oversold conditions. It aggregates:
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Relative Strength Index (RSI): Standard 14-period analysis.
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Stochastic & Stochastic RSI: Traditional and RSI-based momentum.
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ADX: Filters for trend strength and direction (DI+/DI-).
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MACD: Evaluates the relationship between the MACD line and the signal line.
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Other Tools: Includes Commodity Channel Index (CCI), Awesome Oscillator, Momentum, Williams %R, Bull/Bear Power, and the Ultimate Oscillator.
Visual Breakdown
The indicator provides a rich visual experience directly on your price chart:
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Real-Time Dashboard: A text summary appears in the top-right corner using the
ANCHORcommand. It displays the specific percentage rating for MAs, Oscillators, and the total combined score. -
Pump Waves: Using the
COLORBETWEENinstruction, the indicator draws dynamic “waves” representing the intensity of the bias.-
Blue/Green: Indicates a Bullish bias (Buy/Strong Buy).
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Red: Indicates a Bearish bias (Sell/Strong Sell).
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Grey: Indicates a Neutral market.
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Trend Line: A smoothed dynamic line at the bottom represents the overall trajectory of the Moving Average consensus.
Configuration and Inputs
You can customize the indicator’s behavior through the variable interface without modifying the code:
| Variable | Default Value | Description |
| ratingSignal | 0 | 0 = All combined, 1 = Moving Averages only, 2 = Oscillators only. |
| showema | 1 (On) | Toggles the visibility of the Moving Average Pump Wave. |
| showosc | 1 (On) | Toggles the visibility of the Oscillator Pump Wave. |
| showtotal | 1 (On) | Toggles the visibility of the Total Rating Pump Wave. |
| showtrend | 1 (On) | Toggles the visibility of the dynamic MA Trend Line. |
ProBuilder Code
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//----------------------------------------------------------// //PRC_Technical Ratings Pro (by veryfid) //version = 0 //07.05.24 //Iván González @ www.prorealcode.com //Sharing ProRealTime knowledge //----------------------------------------------------------// //-----Inputs-----------------------------------------------// defparam DRAWONLASTBARONLY = true ratingSignal=0//0=All 1=MAs 2=Oscillators showema=1//Show MA Pump Wave? showosc=1//Show Oscillator Pump Wave? showtotal=1//Show Total Rating Pump Wave? showtrend=1//Show MA Trend Line? //----------------------------------------------------------// //-----Moving Averages--------------------------------------// sma10=average[10,0](close) sma20=average[20,0](close) sma30=average[30,0](close) sma50=average[50,0](close) sma100=average[100,0](close) sma200=average[200,0](close) ema10=average[10,1](close) ema20=average[20,1](close) ema30=average[30,1](close) ema50=average[50,1](close) ema100=average[100,1](close) ema200=average[200,1](close) hullMA9=hullaverage[9](close) vwma=VolumeAdjustedAverage[20](close) //----------------------------------------------------------// //-----Ichimoku Cloud---------------------------------------// donchian9 = (highest[9](high)+lowest[9](low))/2 donchian26 = (highest[26](high)+lowest[26](low))/2 donchian52 = (highest[52](high)+lowest[52](low))/2 conversionLine=donchian9 baseLine=donchian26 leadLine1=(conversionLine+baseLine)/2 leadLine2=donchian52 //----------------------------------------------------------// //-----RSI--------------------------------------------------// myrsi = rsi[14](close) //----------------------------------------------------------// //-----Stochastic-------------------------------------------// lengthStoch=14 smoothKStoch = 3 smoothDStoch = 3 kStoch=Stochastic[lengthStoch,smoothKStoch](close) Dstoch=Stochasticd[lengthStoch,smoothKStoch,smoothDStoch](close) //----------------------------------------------------------// //-----CCI--------------------------------------------------// mycci = cci[20](close) //----------------------------------------------------------// //-----ADX--------------------------------------------------// adxvalue = ADX[14] adxPlus = DIplus[14](close) adxMinus = DIminus[14](close) //----------------------------------------------------------// //-----awesome Oscilator------------------------------------// hl2 = (high+low)/2 ao = average[5](hl2)-average[34](hl2) //----------------------------------------------------------// //-----Momentum---------------------------------------------// mom = momentum[10](close) //----------------------------------------------------------// //-----MACD-------------------------------------------------// macdMACD = MACDline[12,26,9](close) signalMACD = MACDSignal[12,26,9](close) //----------------------------------------------------------// //-----Stochastic RSI---------------------------------------// lengthStoch = 14 //Stochastic period smoothK = 3 //Smooth signal of stochastic RSI smoothD = 3 //Smooth signal of smoothed stochastic RSI MinRSI = lowest[lengthStoch](myrsi) MaxRSI = highest[lengthStoch](myrsi) StochRSI = (myRSI-MinRSI) / (MaxRSI-MinRSI) StochRSIK = average[smoothK](stochrsi)*100 StochRSID = average[smoothD](StochRSIK) //----------------------------------------------------------// //-----Ultimate Oscillator----------------------------------// if close[1]<low then tl=close[1] else tl=low endif //uo(ShortLen, MiddlLen, LongLen)(7,14,28) value1=summation[7](tr) value2=summation[14](tr) value3=summation[28](tr) value4=summation[7](close-tl) value5=summation[14](close-tl) value6=summation[28](close-tl) if value1<>0 and value2<>0 and value3<>0 then var0=28/7 var1=28/14 value7=(value4/value1)*var0 value8=(value5/value2)*var1 value9=value6/value3 uo=(value7+value8+value9)/(var0+var1+1)*100 endif //----------------------------------------------------------// //-----Williams Percent Range-------------------------------// wr = Williams[14](close) //----------------------------------------------------------// //-----Bull & Bear Power------------------------------------// BullPower = high - average[13,1](close) BearPower = low - average[13,1](close) //----------------------------------------------------------// priceavg=average[50,1](close) downtrend=close<priceavg uptrend=close>priceavg //----------------------------------------------------------// //-----Rating MA Calculation--------------------------------// //---SMA10 if barindex < 10 then calcRatingSMA10=undefined else if sma10=close then calcRatingSMA10=0 elsif sma10<close then calcRatingSMA10=1 elsif sma10>close then calcRatingSMA10=-1 endif calcSMA10=1 endif //---SMA20 if barindex < 20 then calcRatingSMA20=undefined else if sma20=close then calcRatingSMA20=0 elsif sma20<close then calcRatingSMA20=1 elsif sma20>close then calcRatingSMA20=-1 endif calcSMA20=1 endif //---SMA30 if barindex < 30 then calcRatingSMA30=undefined else if SMA30=close then calcRatingSMA30=0 elsif SMA30<close then calcRatingSMA30=1 elsif SMA30>close then calcRatingSMA30=-1 endif calcSMA30=1 endif //---SMA50 if barindex < 50 then calcRatingSMA50=undefined else if SMA50=close then calcRatingSMA50=0 elsif SMA50<close then calcRatingSMA50=1 elsif SMA50>close then calcRatingSMA50=-1 endif calcSMA50=1 endif //---SMA100 if barindex < 100 then calcRatingSMA100=undefined else if SMA100=close then calcRatingSMA100=0 elsif SMA100<close then calcRatingSMA100=1 elsif SMA100>close then calcRatingSMA100=-1 endif calcSMA100=1 endif //---SMA200 if barindex < 200 then calcRatingSMA200=undefined else if SMA200=close then calcRatingSMA200=0 elsif SMA200<close then calcRatingSMA200=1 elsif SMA200>close then calcRatingSMA200=-1 endif calcSMA200=1 endif //---EMA10 if barindex < 10 then calcRatingEMA10=undefined else if EMA10=close then calcRatingEMA10=0 elsif EMA10<close then calcRatingEMA10=1 elsif EMA10>close then calcRatingEMA10=-1 endif calcEMA10=1 endif //---EMA20 if barindex < 20 then calcRatingEMA20=undefined else if EMA20=close then calcRatingEMA20=0 elsif EMA20<close then calcRatingEMA20=1 elsif EMA20>close then calcRatingEMA20=-1 endif calcEMA20=1 endif //---EMA30 if barindex < 30 then calcRatingEMA30=undefined else if EMA30=close then calcRatingEMA30=0 elsif EMA30<close then calcRatingEMA30=1 elsif EMA30>close then calcRatingEMA30=-1 endif calcEMA30=1 endif //---EMA50 if barindex < 50 then calcRatingEMA50=undefined else if EMA50=close then calcRatingEMA50=0 elsif EMA50<close then calcRatingEMA50=1 elsif EMA50>close then calcRatingEMA50=-1 endif calcEMA50=1 endif //---EMA100 if barindex < 100 then calcRatingEMA100=undefined else if EMA100=close then calcRatingEMA100=0 elsif EMA100<close then calcRatingEMA100=1 elsif EMA100>close then calcRatingEMA100=-1 endif calcEMA100=1 endif //---EMA200 if barindex < 200 then calcRatingEMA200=undefined else if EMA200=close then calcRatingEMA200=0 elsif EMA200<close then calcRatingEMA200=1 elsif EMA200>close then calcRatingEMA200=-1 endif calcEMA200=1 endif //---hull9 if barindex < 9 then calcRatinghullMA9=undefined else if hullMA9=close then calcRatinghullMA9=0 elsif hullMA9<close then calcRatinghullMA9=1 elsif hullMA9>close then calcRatinghullMA9=-1 endif calchullMA9=1 endif //---VWMA if barindex < 20 then calcRatingVWMA=undefined else if VWMA=close then calcRatingVWMA=0 elsif VWMA<close then calcRatingVWMA=1 elsif VWMA>close then calcRatingVWMA=-1 endif calcVWMA=1 endif //---Ichimoku ma=leadLine1 > leadLine2 and close > leadLine1 and close < baseLine and close[1] < conversionLine and close > conversionLine src=leadLine2 > leadLine1 and close < leadLine2 and close > baseLine and close[1] > conversionLine and close < conversionLine if barindex < 52 then calcRatingichimoku=undefined else if ma=src then calcRatingichimoku=0 elsif ma<src then calcRatingichimoku=1 elsif ma>src then calcRatingichimoku=-1 endif calcichimoku=1 endif //---Rating calculation ratingMA=calcRatingSMA10+calcRatingSMA20+calcRatingSMA30+calcRatingSMA50+calcRatingSMA100+calcRatingSMA200+calcRatingEMA10+calcRatingEMA20+calcRatingEMA30+calcRatingEMA50+calcRatingEMA100+calcRatingEMA200+calcRatinghullMA9+calcRatingVWMA+calcRatingichimoku ratingMAC=calcSMA10+calcSMA20+calcSMA30+calcSMA50+calcSMA100+calcSMA200+calcEMA10+calcEMA20+calcEMA30+calcEMA50+calcEMA100+calcEMA200+calchullMA9+calcVWMA+calcichimoku if ratingMAC > 0 then rateMA = ratingMA/ratingMAC else rateMA = undefined endif //----------------------------------------------------------// //-----Rating Others----------------------------------------// //---RSI ratingRSI = myrsi maRSI = ratingRSI < 30 and ratingRSI[1] < ratingRSI srcRSI = ratingRSI > 70 and ratingRSI[1] > ratingRSI if barindex < 14 then calcRatingRSI=undefined else if maRSI=srcRSI then calcRatingRSI=0 elsif maRSI<srcRSI then calcRatingRSI=1 elsif maRSI>srcRSI then calcRatingRSI=-1 endif calcRSI=1 endif //---Stockastic maSto = kStoch < 20 and dStoch < 20 and kStoch > dStoch and kStoch[1] < dStoch[1] srcSto = kStoch > 80 and dStoch > 80 and kStoch < dStoch and kStoch[1] > dStoch[1] if barindex < 14 then calcRatingSto=undefined else if maSto=srcSto then calcRatingSto=0 elsif maSto<srcSto then calcRatingSto=1 elsif maSto>srcSto then calcRatingSto=-1 endif calcSto=1 endif //---CCI ratingCCI = myCCI maCCI = ratingCCI < -100 and ratingCCI[1]<ratingCCI srcCCI = ratingCCI > 100 and ratingCCI[1] > ratingCCI if barindex < 20 then calcRatingCCI=undefined else if maCCI=srcCCI then calcRatingCCI=0 elsif maCCI<srcCCI then calcRatingCCI=1 elsif maCCI>srcCCI then calcRatingCCI=-1 endif calcCCI=1 endif //---ADX maADX = adxValue > 20 and adxPlus[1] < adxMinus[1] and adxPlus > adxMinus srcADX = adxValue > 20 and adxPlus[1] > adxMinus[1] and adxPlus < adxMinus if barindex < 14 then calcRatingADX=undefined else if maADX=srcADX then calcRatingADX=0 elsif maADX<srcADX then calcRatingADX=1 elsif maADX>srcADX then calcRatingADX=-1 endif calcADX=1 endif //---AO maAO = ao crosses over 0 or (ao > 0 and ao[1] > 0 and ao > ao[1] and ao[2] > ao[1]) srcAO = ao crosses under 0 or (ao < 0 and ao[1] < 0 and ao < ao[1] and ao[2] < ao[1]) if barindex < 34 then calcRatingAO=undefined else if maAO=srcAO then calcRatingAO=0 elsif maAO<srcAO then calcRatingAO=1 elsif maAO>srcAO then calcRatingAO=-1 endif calcAO=1 endif //---MOM maMOM = Mom > Mom[1] srcMOM = Mom < Mom[1] if barindex < 10 then calcRatingMOM=undefined else if maMOM=srcMOM then calcRatingMOM=0 elsif maMOM<srcMOM then calcRatingMOM=1 elsif maMOM>srcMOM then calcRatingMOM=-1 endif calcMOM=1 endif //---MACD maMACD = macdMACD > signalMACD srcMACD = macdMACD < signalMACD if barindex < 26 then calcRatingMACD=undefined else if maMACD=srcMACD then calcRatingMACD=0 elsif maMACD<srcMACD then calcRatingMACD=1 elsif maMACD>srcMACD then calcRatingMACD=-1 endif calcMACD=1 endif //---Stoch RSI //ratingStoRSI = maStoRSI = DownTrend and StochRSIK < 20 and StochRSID < 20 and StochRSIK > StochRSID and StochRSIK[1] < StochRSID[1] srcStoRSI = UpTrend and StochRSIK > 80 and StochRSID > 80 and StochRSIK < StochRSID and StochRSIK[1] > StochRSID[1] if barindex < 20 then calcRatingStoRSI=undefined else if maStoRSI=srcStoRSI then calcRatingStoRSI=0 elsif maStoRSI<srcStoRSI then calcRatingStoRSI=1 elsif maStoRSI>srcStoRSI then calcRatingStoRSI=-1 endif calcStoRSI=1 endif //---WR maWR = WR < -80 and WR > WR[1] srcWR = WR > -20 and WR < WR[1] if barindex < 20 then calcRatingWR=undefined else if maWR=srcWR then calcRatingWR=0 elsif maWR<srcWR then calcRatingWR=1 elsif maWR>srcWR then calcRatingWR=-1 endif calcWR=1 endif //---BBpower maBBpower = UpTrend and BearPower < 0 and BearPower > BearPower[1] srcBBpower = DownTrend and BullPower > 0 and BullPower < BullPower[1] if barindex < 20 then calcRatingBBpower=undefined else if maBBpower=srcBBpower then calcRatingBBpower=0 elsif maBBpower<srcBBpower then calcRatingBBpower=1 elsif maBBpower>srcBBpower then calcRatingBBpower=-1 endif calcBBpower=1 endif //---UO maUO = UO > 70 srcUO = UO < 30 if barindex < 56 then calcRatingUO=undefined else if maUO=srcUO then calcRatingUO=0 elsif maUO<srcUO then calcRatingUO=1 elsif maUO>srcUO then calcRatingUO=-1 endif calcUO=1 endif //---Rating calculation ratingOtherC = calcUO+calcBBpower+calcWR+calcStoRSI+calcMACD+calcMOM+calcAO+calcADX+calcCCI+calcSto+calcRSI ratingOther = calcRatingUO+calcRatingBBpower+calcRatingWR+calcRatingStoRSI+calcRatingMACD+calcRatingMOM+calcRatingAO+calcRatingADX+calcRatingCCI+calcRatingSto+calcRatingRSI if ratingOtherC>0 then rateOther = ratingOther/ratingOtherC else rateOther = undefined endif //----------------------------------------------------------// //-----Rating Total-----------------------------------------// rateTotal = (rateMA+rateOther)/2 //----------------------------------------------------------// StrongBound = 0.5 WeakBound = 0.1 if ratingSignal=1 then tradeSignal = rateMA elsif ratingSignal=2 then tradeSignal = rateOther else tradeSignal = rateTotal endif //----------------------------------------------------------// //-----Gradient---------------------------------------------// poscond = tradeSignal > WeakBound negcond = tradeSignal < -WeakBound if poscond then posseries = tradeSignal else posseries = 0 endif if negcond then negseries = tradeSignal else negseries = 0 endif //count_rising(posseries) if posseries > 0 then vplot=posseries else vplot=-posseries endif if vplot=0 then poscount=0 elsif vplot>=vplot[1] then poscount=min(5,poscount+1) elsif vplot<vplot[1] then poscount=max(1,poscount-1) endif //count_rising(negseries) if negseries > 0 then vplot1=negseries else vplot1=-negseries endif if vplot1=0 then negcount=0 elsif vplot1>=vplot1[1] then negcount=min(5,negcount+1) elsif vplot1<vplot1[1] then negcount=max(1,negcount-1) endif //----------------------------------------------------------// myrate1=round(rateMA,2)*100 if -StrongBound > rateMA then drawtext("MAs: Strong Sell #myrate1#%",-200,-30)anchor(topright,xshift,yshift) r=255 g=0 b=0 elsif rateMA < -weakbound then drawtext("MAs: Sell #myrate1#%",-200,-30)anchor(topright,xshift,yshift) r=125 g=0 b=0 elsif rateMA > Strongbound then drawtext("MAs: Strong Buy #myrate1#%",-200,-30)anchor(topright,xshift,yshift) r=0 g=0 b=255 elsif rateMA > weakbound then drawtext("MAs: Buy #myrate1#%",-200,-30)anchor(topright,xshift,yshift) r=0 g=0 b=125 else drawtext("MAs: Neutral #myrate1#%",-200,-30)anchor(topright,xshift,yshift) r=124 g=124 b=124 endif myrate2=round(rateOther,2)*100 if -StrongBound > rateOther then drawtext("Oscillators: Strong Sell #myrate2#%",-200,-50)anchor(topright,xshift,yshift) r=255 g=0 b=0 elsif rateOther < -weakbound then drawtext("Oscillators: Sell #myrate2#%",-200,-50)anchor(topright,xshift,yshift) r=125 g=0 b=0 elsif rateOther > Strongbound then drawtext("Oscillators: Strong Buy #myrate2#%",-200,-50)anchor(topright,xshift,yshift) r=0 g=0 b=255 elsif rateOther > weakbound then drawtext("Oscillators: Buy #myrate2#%",-200,-50)anchor(topright,xshift,yshift) r=0 g=0 b=125 else drawtext("Oscillators: Neutral #myrate2#%",-200,-50)anchor(topright,xshift,yshift) r=124 g=124 b=124 endif myrate3=round(rateTotal,2)*100 if -StrongBound > rateTotal then drawtext("All: Strong Sell #myrate3#%",-200,-70)anchor(topright,xshift,yshift) r=255 g=0 b=0 elsif rateTotal < -weakbound then drawtext("All: Sell #myrate3#%",-200,-70)anchor(topright,xshift,yshift) r=125 g=0 b=0 elsif rateTotal > Strongbound then drawtext("All: Strong Buy #myrate3#%",-200,-70)anchor(topright,xshift,yshift) r=0 g=0 b=255 elsif rateTotal > weakbound then drawtext("All: Buy #myrate3#%",-200,-70)anchor(topright,xshift,yshift) r=0 g=0 b=125 else drawtext("All: Neutral #myrate3#%",-200,-70)anchor(topright,xshift,yshift) r=124 g=124 b=124 endif //----------------------------------------------------------// stradeSignal=average[6,1](tradeSignal) //----------------------------------------------------------// if showema then p1 = rateMA p2 = rateMA*(-1) COLORBETWEEN(p1,p2,r,g,b) else p1 = undefined p2 = undefined endif if showosc then p3 = rateOther-2.5 p4 = rateOther*(-1)-1.5 COLORBETWEEN(p3,p4,r,g,b) else p3 = undefined p4 = undefined endif if showtotal then p5 = stradeSignal + 2 p6 = stradeSignal*(-1) + 2 COLORBETWEEN(p5,p6,r,g,b) else p5 = undefined p6 = undefined endif //----------------------------------------------------------// //-----Trend Line-------------------------------------------// sline = average[6,2](rateMA) if showtrend then uplevel=-3 dwlevel=-7 p7=(sline*2)-5 else uplevel=undefined dwlevel=undefined p7=undefined endif //----------------------------------------------------------// return p1,p2,p3,p4,p5,p6,p7 as "Trend Line"coloured(r,g,b)style(line,5),uplevel,dwlevel |
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