A Weighted Multi-Timeframe Confluence Score from Stochastic, RSI, and MACD

Summary

The document presents an oscillator that combines Stochastic, RSI, and MACD conditions across three timeframes into one weighted score. Stochastic contributes points according to whether its K line is above or below its D line; RSI contributes according to whether it is above or below 50; and MACD contributes according to whether its main line is above or below its signal line. The weights differ by indicator and timeframe, with higher timeframes generally receiving larger weights.

The score is plotted around zero on a bounded scale, with highlighted bullish and bearish zones beyond positive and negative thresholds. The settings allow timeframe and indicator-period choices. This is a design description rather than evidence of effectiveness: the document gives no backtest, validation, or trading rules, and it does not explain how the chosen weights or thresholds were calibrated.

Key ideas

• The indicator combines Stochastic, RSI, and MACD direction checks across three timeframes.
• Each condition adds or subtracts a fixed weight from the composite score.
• Higher-timeframe conditions carry greater weights in the described defaults.
• The oscillator marks extreme positive and negative score zones.
• The document offers no backtest or justification for its weights and thresholds.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.