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Date/Time: Fri, 03 May 2024 23:00:12 +0000



Scoring System

View Count: 578

[2018-05-17 21:58:12]
User294443 - Posts: 14
Hello

Is there an ”easy” way one could create a Boolean type of scoring system based on a number of indicators? So for example:

RSI(10) < 50 => 1
Mom(10) < 0 => 1
Ma(50) > Ma(200) => 1
Etc

The sum is then calculated and every bar is assigned a score. A high/low score would be a tool to assess general attractiveness to trade over time (obviously given your inputs).

Then one could also put different weights on the indic inputs, eg 0.5 on RSI, 0.3 on Mom and 0.2 on Ma etc.

I’m new to the platform and don’t know if this would require custom programming from scratch or if there is already something in existance that could accomplish this (have done it on other platforms).

Many thanks.
[2018-05-17 22:09:24]
Sierra Chart Engineering - Posts: 104368
Something like this definitely sounds like you would have to do some custom programming.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

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