Confluence Scorer

Confluence Scorer asks six questions of every bar and counts how many point the same way. Trend compares price with a moving average, momentum checks which side of 50 the RSI is on, volume checks whether participation is above its average, S/R checks whether price sits at a clustered support or resistance zone, structure takes the direction of the latest break of structure, and displacement looks for a recent large-range bar.

The result is plotted in a sub-pane as a score between 0 and 1 for the side with more votes, positive when bullish and negative when bearish, together with the alert threshold. When the score reaches the threshold, an arrow is drawn on the price chart.

• A score near 1. Nearly every active signal points the same way. That is agreement, not quality; it can also mean every lagging signal has caught up with a move that has already happened.
• A score near the middle. The signals are split. The market is not giving one consistent read.
• Arrows on the chart. An up arrow under a bar marks bullish confluence at or above the threshold, a down arrow over a bar bearish confluence.
• Turning signals off. Every signal can be switched off, so the score can be built from just the ones you trust.

Signals

Structure

Display

Colours

Alerts: high_confluence_bull, high_confluence_bear.

Each enabled signal votes bullish, bearish or not at all on every bar. Trend compares the close with an exponential moving average and momentum compares the RSI with 50. Volume always counts as a signal but only casts a vote when the bar's volume is above its average, and then in the direction of that bar, so a quiet bar pulls the score down. S/R only takes part when price is close to a zone that has been tested at least twice, bullish above its centre and bearish below. Structure takes part once the swings have set a direction, and displacement only when a bar in the lookback was larger than the set multiple of the average true range, in that bar's direction.

The score is the share of signals that voted for the stronger side, so 1 means every signal that voted agrees. The S/R zones and structure breaks come from the same swing and level engines as the suite's other tools.

The two alerts fire on bars where the score is at or above the Alert Threshold, 0.8 by default, one for bullish and one for bearish confluence, with the score in the message.

• Agreement is not edge. Many of the inputs lag. A high score late in a move can mark the end of it as easily as the middle.
• Signals are not independent. Trend, structure and momentum often move together, so a high score can overstate how many separate reasons agree.
• Fewer voters, bigger swings. When only a few signals vote, the score jumps between values. Two out of two scores the same as six out of six.
• Repeated alerts. The alert is checked bar by bar, so a long stretch above the threshold can fire it on several bars in a row.
• It is not a strategy. The score has no entry, exit or risk rule of its own.

Premium scripts are a one-time purchase in the Altrady marketplace and need a paid Altrady plan to run.

• Divergence. Regular and hidden divergences between price and an oscillator at swing pivots, marked on the chart with a line between the two pivots.
• Reversal Patterns. Head and shoulders, double and triple tops and bottoms, and the Quasimodo, found from swings and confirmed by a close through the neckline.
• Continuation Patterns. Triangles, wedges and flags or pennants found automatically from swings and confirmed when price closes through the pattern's boundary.