Market Weather Compass

20 時間前

Market Weather Compass: Your At-a-Glance Market Condition Dashboard

Markets move like the weather: sometimes calm, sometimes stormy. This indicator acts as your personal market weather station, providing an intuitive, at-a-glance view of current conditions across major markets. Instead of juggling dozens of charts, you can instantly assess risk and identify opportunities with a single, easy-to-read tool.


Key Features

Multi-Market Analysis: Automatically detects and evaluates conditions for US Stocks (NYSE, NASDAQ), Korean Stocks (KRX), and the Crypto market.

Composite Weather Score: Synthesizes complex data from key economic drivers—VIX (volatility), DXY (dollar index), US10Y (bond yields), and USD/KRW (FX rate)—into a single, smoothed score line on your chart.

Intuitive Dashboard: Displays the current "Weather State" (e.g., Sunny, Cloudy, Risk), a corresponding strategy, and real-time values of key indicators in a clean table at the bottom-right of your chart.

Crypto-Specific States: For crypto markets, it identifies unique conditions like "Alt Season" or "Bitcoin Bull" by analyzing total market cap and Bitcoin dominance (BTC.D) trends.

Intelligent Alert System: Provides timely, configurable alerts for significant changes, including weather state shifts, index spikes/crashes, volatility surges, and trend changes in key drivers.

Bilingual Support: Fully localized interface with a simple language toggle (English/Korean) in the settings.

How to Use

Load the Indicator: Add the "Market Weather Compass" to your TradingView chart.

💡 Important: The indicator auto-detects the market (US, KR, Crypto) based on the current chart. To receive alerts for a specific market, you must apply the indicator to a chart of a ticker from that market (e.g., AAPL for US stocks, BTCUSDT for crypto).


Configure Settings:

In the indicator settings, choose your preferred Language.

Enable or disable the Dashboard and Alerts for each market type as needed.

Fine-tune thresholds for alerts and criteria for the weather score to match your trading style.

Interpret the Visuals:

Dashboard: Use the dashboard for a quick summary of the current market state, index performance, and key metric trends (indicated by 🔺 or 🔻).

Weather Score Line: Follow the main score line in the indicator pane. A rising line indicates improving conditions (moving toward green), while a falling line suggests worsening conditions (moving toward red). The zero-line acts as a neutral baseline.

Detailed Alerts Guide

This indicator acts as your personal market radar. You can configure alerts for the following key events:

Market Weather Change: Get notified instantly when the overall market condition shifts (e.g., from Sunny to Cloudy or Risk).

Index Volatility: Receive alerts for sudden market spikes or drops based on your custom percentage threshold for the main index (e.g., Nasdaq futures, KOSPI).

Volatility Index Trends : Alerts for when the VIX (for US) or VKOSPI (for KR) begins a new rising or falling trend, signaling shifts in market sentiment.

Currency & Bond Yields: Notifications when the Dollar Index (DXY) or USD/KRW exchange rate breaks key trends, or when the US 10-Year Treasury Yield (US10Y) crosses into a risk zone.

Crypto Market Dynamics: Specific alerts for the start of an "Alt Season," a shift in Bitcoin dominance, or changes in the ETH/BTC trend.

Example Strategies

The indicator's output is not a signal, but a guide to inform your strategy.

Weather = Sunny → Conditions are favorable. Consider focusing on strong sectors or scaling into positions.

Weather = Risk → Conditions are unfavorable. Consider reducing exposure, taking profits, or increasing cash positions.

Crypto = Alt Season → Broad market rally. Capital may be flowing from majors to altcoins.

Crypto = Bitcoin Bull → Bitcoin is leading the market. Altcoins may underperform.

Disclaimer

This indicator is a tool for market analysis and should not be considered financial advice. It provides a simplified model of complex market dynamics. All trading and investment decisions involve risk, and you are solely responsible for your own choices. Always conduct your own thorough research before entering a trade. Past performance is not indicative of future results.

Final Note

Investing is a constant balance between risk and opportunity. The Market Weather Compass aims to make that balance as clear and intuitive as a daily weather forecast. Next time you open a chart, let this compass be your guide.

20 時間前

リリースノート

Just changed. v1.3 -> v1.4 text

20 時間前

リリースノート

I only organized the code lines.