Tradehook.tech-MTMGBS-Barometer

Multi-factor market condition assessment aggregating trend, momentum, volatility, volume, and structure factors into a single composite score.

Key Features

Multi-factor analysis

Composite scoring

Trend factor

Momentum factor

Volatility factor

About This Indicator

Tradehook.tech-MTMGBS_Barometer

Multi-Factor Market Condition Assessment

Category: Analysis | Overlay: No | Complexity: ⭐⭐⭐⭐

Description

Barometer aggregates multiple market metrics into a single composite score indicating overall market conditions.

Component Factors

Factor	Weight	Calculation
Trend	25%	TrendStepper direction
Momentum	25%	VMAlgo momentum
Volatility	20%	ATR normalized
Volume	15%	Volume vs average
Structure	15%	Recent swing pattern

Score Interpretation

Score	Condition	Trading Approach
80-100	Strong Bullish	Aggressive longs
60-80	Bullish	Standard longs
40-60	Neutral	Range trading / Wait
20-40	Bearish	Standard shorts
0-20	Strong Bearish	Aggressive shorts

Best Use Cases

✅ Quick market condition assessment
✅ Trading approach selection
✅ Position sizing guidance
✅ Risk adjustment

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PlatformTradingView

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One-Time PurchaseSource Code

LicensePersonal Use

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