Technical Ratings Pro: Combining Moving Average and Oscillator Signals
Summary
This document describes a chart indicator that combines moving average comparisons and oscillator readings into bullish, bearish, or neutral ratings. Its moving average group uses several simple and exponential averages, a Hull average, a volume adjusted average, and Ichimoku components. The oscillator group includes momentum and overbought or oversold measures such as RSI, stochastic, ADX, MACD, CCI, Williams %R, and the Ultimate Oscillator. The document says the tool aggregates 27 conditions, though its listed category counts are 15 and 11.
A dashboard displays category and combined scores, while colored chart bands visualize the resulting bias and a smoothed line traces the moving average consensus. Users can choose which rating to display and toggle the visual elements. The document provides implementation details but no backtest, performance evidence, or rules for turning ratings into trades. Because many inputs are related price indicators, their agreement should not be assumed to represent independent confirmation; the ratings also do not specify risk controls or account for trading costs.
Key ideas
- The indicator assigns bullish, bearish, or neutral values by comparing price with a set of moving averages and cloud measures.
- It combines several momentum and overbought or oversold indicators into an oscillator rating.
- A dashboard and colored chart bands present category scores and the combined market bias.
- Users can select a rating category and show or hide the plotted components.
- The document supplies no performance test or trade management rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.