SRD786-Multi-Factor Confluence Intraday

Multi-Factor Confluence Intraday Indicator
Features:
Moving Averages

Fast EMA (default: 9)
Slow EMA (default: 21)
Long SMA (default: 50)
Momentum Indicators

RSI (14-period with overbought/oversold levels)
MACD (12, 26, 9)
Stochastic Oscillator
Volatility

ATR (Average True Range) for stop-loss calculation
Bollinger Bands (20-period, 2 standard deviations)
Volume Analysis

Volume SMA confirmation
On-Balance Volume (OBV)
Multi-Timeframe Analysis

Higher timeframe EMA (default: 60 minutes)
Shows HTF trend direction
Confluence Scoring (0-100)

Combines all factors into a single score
Strong (≥65), Moderate (50-65), Weak (<50)
Trading Signals:
Long: EMA crossover + Volume confirmation + RSI bullish + MACD bullish + Stochastic not overbought + Price above SMA50 + Confluence ≥65
Short: EMA crossunder + Volume confirmation + RSI bearish + MACD bearish + Stochastic not oversold + Price below SMA50 + Confluence ≥65
Risk Management:
Entry Price: Current close at signal
Stop Loss: ATR × 1.5 (default)
Target Price: 1:2 Risk-Reward (ATR × 3.0)
Display: Information table showing all key values
The code is now complete and syntax-error free. You can add it to TradingView and customize the parameters to fit your trading style.