composite_indicator_subchart.pine

// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © BullBearWizard318
//@version=5
indicator("Composite Metric Subchart", overlay=false)

// Parameters for the composite metric scaling (same as in the main script)
vsa_weight = input.float(0.03, title="VSA Weight", minval=0, maxval=0.10, step=0.01)
vsa_sma_length = input.int(50, title="SMA Length for VSA", minval=10, maxval=200, step=10)

rsi_length = input.int(14, title="RSI Length")
macd_short = input.int(12, title="MACD Short Length")
macd_long = input.int(26, title="MACD Long Length")
macd_signal = input.int(9, title="MACD Signal Length")
stoch_length = input.int(14, title="Stochastic Length")
boll_length = input.int(20, title="Bollinger Bands Length")
sma_length = input.int(50, title="SMA Length")
ema_length = input.int(50, title="EMA Length")

// RSI
rsi = ta.rsi(close, rsi_length)
rsi_score = rsi / 100

// MACD
[macd_line, signal_line, _] = ta.macd(close, macd_short, macd_long, macd_signal)
macd_diff = macd_line - signal_line
macd_min = ta.lowest(macd_diff, 100)
macd_max = ta.highest(macd_diff, 100)
macd_score = (macd_diff - macd_min) / (macd_max - macd_min)

// Bollinger Bands
basis = ta.sma(close, boll_length)
dev = ta.stdev(close, boll_length) * 2
upper_band = basis + dev
lower_band = basis - dev
bb_position = (close - lower_band) / (upper_band - lower_band)
bb_score = bb_position

// Moving Averages
sma = ta.sma(close, sma_length)
ema = ta.ema(close, ema_length)
price_min = ta.lowest(close, 100)
price_max = ta.highest(close, 100)
price_norm = (close - price_min) / (price_max - price_min)
sma_cross = ta.crossover(close, sma) ? 1 : 0
ema_cross = ta.crossover(close, ema) ? 1 : 0
ma_score = price_norm * 0.5 + sma_cross * 0.25 + ema_cross * 0.25

// Stochastic
stochK = ta.stoch(close, high, low, stoch_length)
stoch_score = stochK / 100

// Volume Spread Analysis (VSA)
avg_volume = ta.sma(volume, vsa_sma_length)
vsa_score = (close > open and volume > avg_volume) ? vsa_weight : (close < open and volume > avg_volume) ? -vsa_weight : 0

// Composite Metric
composite_metric = (rsi_score + macd_score + bb_score + ma_score + stoch_score) / 5 + vsa_score

// Rescale Composite Metric to 0-100
composite_metric_scaled = composite_metric * 100

// Smoothing option (optional)
smoothed_composite_metric = ta.sma(composite_metric_scaled, 3)  // 3-period SMA smoothing (optional)


// Plot Composite Metric on Subchart
plot(composite_metric_scaled, color=color.blue, title="Composite Metric", linewidth=1)
plot(smoothed_composite_metric, color=color.navy, title="Composite Metric Smoothed", linewidth=1)


// Add horizontal lines at 10, 20, 30, 40, 50, 60, 70, 80, and 90
hline_90=hline(90, "90", color=color.gray, linestyle=hline.style_dotted)
hline(80, "80", color=color.gray, linestyle=hline.style_dotted)
hline_70=hline(70, "70", color=color.gray, linestyle=hline.style_dotted)
hline(60, "60", color=color.gray, linestyle=hline.style_dotted)
hline(50, "50", color=color.gray, linestyle=hline.style_solid)
hline(40, "40", color=color.gray, linestyle=hline.style_dotted)
hline_30=hline(30, "30", color=color.gray, linestyle=hline.style_dotted)
hline(20, "20", color=color.gray, linestyle=hline.style_dotted)
hline_10=hline(10, "10", color=color.gray, linestyle=hline.style_dotted)

// Add shading for the regions
hline_100 = hline(100, color=color.green)
hline_80 = hline(80, color=color.green)
fill(hline_90, hline_100, color=color.new(color.green, 30))  // Shade the region 90-100
fill(hline_80, hline_90, color=color.new(color.green, 60))  // Shade the region 80-90
fill(hline_70, hline_80, color=color.new(color.green, 80))  // Shade the region 70-80


hline_0 = hline(0, color=color.red)
hline_20 = hline(20, color=color.red)
fill(hline_0, hline_10, color=color.new(color.red, 30))  // Shade the region 0-10
fill(hline_10, hline_20, color=color.new(color.red, 60))  // Shade the region 10-20
fill(hline_20, hline_30, color=color.new(color.red, 80))  // Shade the region 20-30
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © BullBearWizard318