Ranking Assets with a Multi-Indicator Rotation System
Summary
This indicator ranks a configurable group of assets using directional signals from RSI, CCI, SuperTrend, DMI, and Parabolic SAR. Each selected indicator contributes a binary bullish or non-bullish reading; a combined mode sums the readings and assigns a bullish state when the total is positive. The script compares assets, identifies the highest-ranked one, and displays pairwise signals and aggregate scores in tables, with an alert when the selected asset changes.
The source also includes logic for tracking a hypothetical equity curve and maximum drawdown while holding the previously selected top asset, along with performance metrics. These calculations are a framework rather than evidence of results in the supplied excerpt. The document gives no realized statistics or validation details, and it does not establish how the approach performs across different universes or market regimes. Rankings depend on indicator settings, available price history, asset selection, and the signal timing used for rotation.
Key ideas
- The system combines directional readings from five common technical indicators.
- A combined signal is bullish when the sum of the component readings is positive.
- Assets are ranked and the top candidate is shown alongside pairwise comparisons and scores.
- The script includes hypothetical equity and drawdown tracking for a strategy that holds the previously selected asset.
- No performance results or robustness evidence are provided in the document excerpt.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.