Meet our new indicator called Technical Ratings. This indicator makes it easy to visualize the combined strength or weakness of an asset depending on its moving averages and oscillators combined into one tool. It brings two large groups of indicators together and displays them as easy to see bars.
For those want a more technical breakdown of how to use this new tool, keep reading below:
The overall rating of the indicator includes two large groups of indicators. The first consists of SMAs and EMAs with different lengths (MA lengths are 10, 20, 30, 50, 100 and 200), the Ichimoku Cloud, VWMA and HullMA. The second is calculated based on oscillators such as RSI, Stochastic, CCI, ADX, AO, Momentum, MACD, Stochastic RSI, Williams %R, Bulls and Bears Strength and UO. For each group, the rating is calculated separately, so you can select the group in the indicator settings and its respective rating calculation will be displayed on the chart. To do this, open Settings and select the one of indicator groups in Rating Is Based On.
You can learn everything about our new indicator here: www.tradingview.com/blog/en/t...
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