7 Indicator Bottom and Top finder

The script is a trading indicator for the TradingView platform designed to generate and visualise buy and sell signals based on various technical indicators. It utilises short periods and smoothes data to achieve high sensitivity to volatile markets. The functionality, application and use of the script are explained below:

1. how it works
The script combines several technical indicators to create a summarised signal for buy and sell decisions. It includes:

a. Calculation of the indicators:
BBTrend: Determines the difference between two moving averages (shorter and longer period).
VMC (RSI): Uses the Relative Strength Index (RSI) for trend evaluation.
SMI (Stochastic Momentum Index): Measures the difference in current and previous prices.
RSI: A classic momentum indicator.
OBV RSI: Combines the On-Balance Volume indicator with the RSI.
SQMOM_LB (Squared Momentum): Measures the speed of price changes.
MACD: Utilises the difference between fast and slow moving averages and their signal.
b. Generation of signals:
Each indicator provides an individual signal based on set thresholds:
Each indicator provides an individual signal based on defined threshold values:

1: Signal for buy (strongly positive).
-1: Sell signal (strongly negative).
0: No signal (neutral).
c. Signal evaluation and aggregation:
All signals are totalled to calculate a strength for buy and sell signals.
The stronger signal (buy or sell) is prioritised, smoothed and limited to a maximum signal value.
d. Identification of extremes (tops and bottoms):
Extrema detection uses dynamic thresholds that depend on market volatility.
Peaks (tops) and troughs (bottoms) are marked, signalling potential turning points in the market.
e. Visualisation:
A histogram shows the strength of buy and sell signals (green for buy, red for sell).
Circles mark tops and bottoms in the chart.
Threshold lines (upper and lower limits) and a centre line help with interpretation.
2. application
The script is used as follows:

Installation:

Copy the code into a new indicator in the TradingView environment.
Add the indicator to a chart.
Customisation of parameters:

Users can customise the input values (input) to suit their trading strategy and market conditions, e.g. indicator length, thresholds and smoothing parameters.
Signal interpretation:

Green bars: Strong buying opportunity.
Red bars: Strong selling opportunity.
Circles: Potential reversal points (top/bottom).
Optimisation:
The indicator can be fine-tuned by adjusting the periods (shorter for volatile markets) and threshold values.
3. use
Short-term trading: The indicators' short periods and high sensitivity are ideal for volatile markets and short-term strategies.
Recognising market turns: Extrema detection helps to find potential tops and bottoms.
Evaluate signal strength: The histogram allows you to visually assess the signal strength.
Note: This indicator should not be used alone, but in combination with other analysis methods, such as fundamental analysis or additional technical analysis.

Summary
The ‘Volatile and Optimised Multi-Signal Evaluator’ script combines several indicators in a flexible and sensitive tool that identifies buy and sell signals as well as market reversal points in volatile environments. It offers the user a variety of customisation options and a clear visual representation of market dynamics.