Signal Quality Score is a powerful filter indicator that analyzes real-time market conditions and gives you an instant quality score from 0 to 100. Stop guessing if a setup is good or bad - let the score tell you.
🔹 WORKS ON ANY CHART TYPE
• Renko (any brick size: 10, 25, 50, 100, 200, 500, 1000, 2000+)
• Candlestick (M1, M5, M15, M30, H1, H4, D1, W1, MN)
• Line, Tick, Range, Volume, Point & Figure, Kagi
🔹 HOW THE SCORE IS CALCULATED
The indicator combines five key market factors into a single 0-100 score:
• RSI Momentum (overbought/oversold levels)
• Volume Anomaly (spike detection)
• ATR Volatility (market activity)
• Trend Strength (directional movement)
• Trend Alignment (price vs EMA)
🔹 INTERPRETING THE SCORE
• 80-100: EXCELLENT - High confidence setup
• 65-79: GOOD - Valid setup
• 50-64: MEDIUM - Wait for confirmation
• 35-49: POOR - Reduce position size
• 0-34: AVOID - Stay out
🔹 FULLY CUSTOMIZABLE
• Adjust all score thresholds and colors
• Customize text labels (EXCELLENT, GOOD, MEDIUM, POOR, AVOID)
• Position the text anywhere on the chart
• Adjust RSI, Volume MA, and ATR periods
• Show/hide the score display
🔹 PERFECT FOR
• Renko traders who want to filter false signals
• Day traders looking for extra confirmation
• Swing traders analyzing market conditions
• Any strategy that needs a quality filter
🔹 PRICING & TRIAL
• Regular price: $20 USD
• 7-day fully functional free trial (no features restricted)
• One-time payment, lifetime license
⚠️ DISCLAIMER: Trading involves risk of loss. This indicator is a filtering tool, not a trading signal generator. Past performance does not guarantee future results. Always use proper risk management.
Questions or feature requests? Contact me through the cTrader Store.
Happy trading!