Algorion ScanMaster Fusion Horizon
- Indicators
- Version: 1.0
Algorion ScanMaster - Fusion Horizon
4-Factor Confluence Multi-Symbol Scanner
Overview
ScanMaster monitors your watchlist in real time and scores every symbol from 0 to 100 percent using four independent confluence factors. When all four align, an alert is triggered.
The 4-Factor Fusion Engine
Factor 1: Heikin Ashi (25 points)
Smoothed candlestick trend detection. Filters market noise for clearer directional bias.
Factor 2: Supertrend (25 points)
ATR-based dynamic support and resistance. Trend follower with reversal detection.
Factor 3: EMA 200 Filter (25 points)
Long-term trend baseline. Signals only in the direction of dominant momentum.
Factor 4: ADX Strength (25 points)
Trend strength confirmation. Blocks signals during weak, directionless conditions.
Total possible score: 100 percent confluence.
Three Bias States
Up Bias
Bullish confluence detected. Score displayed (for example 50, 75, or 100 percent). 100 percent means all four factors aligned bullish and ADX confirms.
Down Bias
Bearish confluence detected. Score displayed (for example 50, 75, or 100 percent). 100 percent means all four factors aligned bearish and ADX confirms.
Range
Market indecision. Mixed factors, no dominant bias. Protective non-trading state.
Key Features
Multi-Symbol Scanning
Scan a comma-separated symbol list from a single chart. No need to open multiple charts.
Multi-Timeframe Capable
Configure any combination from M1 to MN1. Default: M15, M30, H1, H4, D1.
Live Dashboard
Sorted table showing symbol, timeframe, bias, confluence percent, factor status, ADX value, and bull and bear scores. Strongest setups sort to the top automatically.
Smart Alerts
Alerts fire only on bias state change. Configurable via input toggle.
Color-Coded Chart Background
Optional trend tint on the active chart:
- Green: Up Bias
- Red: Down Bias
- Blue: Range
Fully Customizable
All factor periods, thresholds, and display options are exposed as inputs.
How It Works
- Define your symbol list and timeframe list
- Each symbol and timeframe analyzed independently
- Heikin Ashi direction scored
- Supertrend position scored
- Price vs EMA 200 scored
- ADX strength scored (Confirm mode)
- Scores summed into 0 to 100 percent confluence
- Bias assigned: Up, Down, or Range
- Dashboard sorts by confluence strength
- Alert fires only when state changes
Input Parameters
- SymbolsList: comma-separated symbols to scan
- TimeframesList: comma-separated timeframes
- ScannerRefreshSecs: refresh rate in seconds (default 2)
- ShowDashboard: multi-symbol table on or off
- ShowChartSignal: chart panel on or off
- EnableAlerts: bias-change alerts on or off
- BackgroundTrendColor: tint chart by bias on or off
- ShowDebugScores: display bull and bear point totals
- StPeriod and StMultiplier: Supertrend settings
- EmaPeriod: EMA filter period (default 200)
- AdxPeriod and AdxThreshold: ADX settings (default 14 and 31)
- AdxMode: ConfirmMajority or DisplayOnly
Who Is This For
Multi-Pair Traders
Watch many symbols without opening many charts.
Day Traders
Identify strongest confluence at session open.
Swing Traders
Run on H4 or D1 and scan once per day.
Signal Hunters
Let the scanner search while you wait.
Works on any instrument: Forex, Metals (Gold, Silver), Indices (NDX, SPX, DAX), Crypto (BTC, ETH), Commodities (Oil, Gas).
Recommended Settings
Default settings work across most markets.
For Intraday (M15 to H1)
- TimeframesList: M15, M30, H1
- AdxThreshold: 25
For Swing (H4 to D1)
- TimeframesList: H1, H4, D1
- AdxThreshold: 30
For Conservative Entries
- AdxThreshold: 35 (fewer but stronger signals)
For Active Trading
- AdxThreshold: 20 (more signals, more noise)
Suggested symbols: XAUUSD, EURUSD, GBPUSD, BTCUSD, US100.
Technical Specifications
- Platform: MetaTrader 5
- Version: 1.00
- Type: Custom Indicator (multi-symbol scanner)
- Timeframes: All (M1 to MN1)
- Symbols: All
- Account types: All (Hedging and Netting)
- Language: English
Frequently Asked Questions
Q: Does this repaint?
A: No. Calculations use closed bar data. Only the live bar updates in real time. Historical states never change.
Q: A symbol shows blank or default values?
A: The symbol must exist in Market Watch and match your broker exact naming (for example XAUUSD versus GOLD, or EURUSD.m). Right-click Market Watch, select Show All, then reload.
Q: How many symbols can I scan?
A: Tested comfortably up to 30 symbol and timeframe combinations. More is possible but increases CPU load.
Q: Does it work in Strategy Tester?
A: The current chart symbol analyzes correctly. Multi-symbol scanning is designed for live and demo charts only.
Q: Can I disable the background color?
A: Yes. Set BackgroundTrendColor to false.
Q: Can I disable the dashboard?
A: Yes. Set ShowDashboard to false. Chart panel remains via ShowChartSignal.
Q: What is the Confirm Majority ADX mode?
A: When ADX passes the threshold, it adds 25 bonus points to whichever direction has more votes. DisplayOnly shows the ADX value but skips the bonus scoring.
Risk Disclaimer
Trading involves substantial risk. Past performance does not guarantee future results. Use proper risk management. This indicator is an analytical tool, not financial advice.
