Adaptive Consensus Indicator

ADAPTIVE CONSENSUS INDICATOR

What This Indicator Does:
This is an advanced version of the Consensus Indicator Lite that automatically adapts to market cycles.

Key Features:

• Analyzes multiple different indicators simultaneously
• Automatically adjusts to changing market conditions.
• The indicator adapts in real-time.
• Shows a single consensus score combining all signals.
• Displays probabilities

Its a adaptive indicator, it trys to adapt to the market cycles.

How to Read It:
• The main line moves between -100 and +100
• Positive values = Bullish consensus
• Negative values = Bearish consensus
• Values above your threshold (default 70%) = Strong buy signal
• Values below negative threshold (default -70%) = Strong sell signal
• Green background = Strong bullish consensus
• Red background = Strong bearish consensus

Information Table:

The table in the top-right corner shows:
• Buy Probability
• Sell Probability
• Neutral Probability
• Number of active indicators
• Current Cycle


Customization:
• Turn any of the indicators on/off
• Adjust the cycle detection parameters
• Customize support/resistance detection sensitivity
• Set your own threshold for strong signals

Alerts:
Built-in alerts trigger when the consensus crosses into strong buy or strong sell territory.

Best Use:
Perfect for traders who want a sophisticated multi-indicator system that adapts to changing market conditions automatically. Ideal for swing trading and position trading across different timeframes and market environments.

Advantages Over Standard Consensus Indicator:
• More indicators
• Automatic adaptation to market cycles
• Support/Resistance level detection
• Better performance in varying market conditions
• No need to manually adjust periods for different timeframes