ConfluenceMeter MT4

Confluence Meter: one consolidated rating from 26 indicators

Confluence Meter calculates the signals of 26 popular indicators and merges them into a simple sell / neutral / buy rating. You don't have to open dozens of windows and compare readings by hand. One glance at the panel is enough to see which way the market is leaning on the selected timeframe.

MT5-version: https://www.mql5.com/en/market/product/199466

• Oscillators gauge. The rating of 11 oscillators: RSI, Stochastic, CCI, ADX, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams %R, Bulls/Bears Power and Ultimate Oscillator.
• Moving Averages gauge. The rating of 15 trend indicators: SMA and EMA on periods 10, 20, 30, 50, 100 and 200, plus Ichimoku, VWMA and Hull MA.
• Overall bar. The combined rating of all enabled indicators.

Each gauge has a needle and a triangular pointer on the rim: left means sell, right means buy. The part of the scale between the center and the needle is lit brightly, so the dominant side is clear at a glance. Under each scale you'll find the recommendation (STRONG SELL, SELL, NEUTRAL, BUY, STRONG BUY), the numeric rating from −1 to +1, and counters showing how many indicators vote sell, neutral and buy.

Each indicator casts one vote by its own rules: +1 (buy), 0 (neutral) or −1 (sell). For example, a moving average votes buy when it is below the price, RSI votes buy when it is below 30 and rising, and MACD votes buy when its main line is above the signal line. The group rating and the overall rating are the arithmetic mean of the votes:

The zone boundaries are adjustable.

• Timeframes. Two rows of buttons from 1m to 1M. The rating is calculated on the selected timeframe regardless of the chart's own timeframe, so you can watch the daily rating on an M5 chart.
• Indicator settings. The "Settings" button expands the list. Every indicator has a checkbox (include it in the calculation or exclude it) and "+" and "−" buttons for its periods. The rating recalculates instantly, with no restart needed.
• Tabs. Moving Averages and Oscillators switch the settings list.
• Reset. "Reset tab" (current tab), "Reset all" (everything, including the timeframe and panel position), "All ON" and "All OFF".
• Compact mode. The "TF" and "Settings" buttons hide the extras and leave only the gauges.
• Dragging. Move the panel anywhere on the chart by its title bar.
• Memory. The panel position, checkboxes and periods are saved between terminal restarts.

• "Start timeframe": the timeframe on startup.
• "Panel X offset, px" and "Panel Y offset, px": the initial panel position.
• "Show settings section on start": whether the settings list is open on startup.
• "Remember settings between restarts": whether settings are saved.
• "Refresh interval, sec": how often the rating updates.
• "Neutral zone half-width" and "Strong signal level": the rating zone boundaries.
• "Buy color", "Sell color", "Neutral color", "Panel background" and "Text color": colors.

Traders who use several indicators and want the big picture without extra windows: for a quick read of the context across several timeframes, for filtering entries by the overall balance of signals, and for checking whether trend indicators and oscillators disagree.

• The rating is calculated on the latest candle, including the one still forming, so values may change while the candle develops.
• The indicator draws nothing on the price chart and opens no trades. It is a tool for assessing the situation, not a ready-made trading system.
• The rating shows how the indicators voted and does not guarantee the direction of price. Use it together with your own strategy and risk management.
• Up to 1200 bars of history are used for the calculation. If a timeframe has little history, some indicators (for example, SMA 200) are not calculated, and a note appears in the panel title.
• Works on any symbol and timeframe. No DLLs required.