OPEN-SOURCE SCRIPT
Aktualisiert Macro Environment Dashboard SPX/Nasdaq Levels
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Macro Environment Dashboard SPX/Nasdaq Levels
This indicator aims to show an actual snapshot of the current macro situation, so you can estimate what to expect from the day.
This is a result of a long AI conversation, in order to gather market principles into a usable dashboard. Hope you find it useful.
Purpose
Provides a structured macro environment dashboard for equity index trading, combining liquidity, volatility, credit, and trend signals into a single regime framework. It automatically determines support and resistance levels, evaluates market risk conditions, and generates contextual alerts for potential breakout or breakdown events.
The tool is designed for discretionary traders, systematic traders, and macro-aware technical traders who want to align execution decisions with the prevailing macro regime.
---
1. Market Principles the Script Is Based On
The indicator is built on a multi-factor macro model. It assumes that equity index behavior is primarily driven by liquidity conditions, financial stress signals, interest rates, volatility, and trend structure.
Core Principle: Markets Move With Liquidity
When liquidity expands:
* risk assets tend to rise
* volatility tends to fall
* credit conditions improve
When liquidity contracts:
* risk assets tend to weaken
* volatility tends to rise
* financial stress increases
The Model Uses Eight Core Signals
Liquidity
Measures global central bank balance sheets relative to liquidity drains.
Liquidity Delta
Measures short-term liquidity changes from funding sources.
Dollar (DXY)
A stronger dollar tightens global financial conditions.
10Y Yield
Higher yields increase discount rates and pressure equities.
Credit
Credit spreads reflect financial system health.
VIX
Market volatility represents risk perception.
SPX Trend
Trend direction of the S&P 500.
Nasdaq Trend
Trend direction of the Nasdaq index.
These signals are combined into a weighted score that determines the market regime.
Regime Model
STRONG RISK ON
High liquidity alignment and positive market conditions.
RISK ON
Supportive macro environment but not fully aligned.
NEUTRAL
Mixed signals or transitional environment.
RISK OFF
Defensive environment with elevated risk.
---
2. Table Rows — All Possible Values and Meaning
Liquidity
Injection
Liquidity is expanding.
Typically bullish for equities.
Drain
Liquidity is contracting.
Typically bearish for equities.
Impact Interpretation
Injection → upward price pressure
Drain → downward price pressure
---
Liq Delta
Improving
Short-term liquidity is increasing.
Deteriorating
Short-term liquidity is decreasing.
Impact Interpretation
Improving → short-term support
Deteriorating → short-term risk
---
Dollar
Weak USD
Financial conditions are easing.
Strong USD
Financial conditions are tightening.
Impact Interpretation
Weak USD → risk assets supported
Strong USD → risk assets pressured
---
10Y Yield
Falling
Discount rates are declining.
Rising
Discount rates are increasing.
Impact Interpretation
Falling → equities supported
Rising → equities pressured
---
Credit
Healthy
Credit markets are stable.
Stress
Credit risk is increasing.
Impact Interpretation
Healthy → supportive risk environment
Stress → elevated financial risk
---
VIX
Low Vol
Market risk perception is low.
High Vol
Market risk perception is elevated.
Impact Interpretation
Low Vol → stable conditions
High Vol → unstable conditions
---
SPX Trend
Bullish
Short-term trend is upward.
Bearish
Short-term trend is downward.
---
Nasdaq Trend
Bullish
Short-term trend is upward.
Bearish
Short-term trend is downward.
---
Selected
Bullish
The currently selected execution market trend is positive.
Bearish
The currently selected execution market trend is negative.
---
Support 1
Automatically calculated key support level.
Meaning
Primary downside structure level.
Behavior
Break below support indicates potential continuation lower.
---
Resistance 1
Automatically calculated key resistance level.
Meaning
Primary upside structure level.
Behavior
Break above resistance indicates potential continuation higher.
---
Persistence / Risk
Confirmed
The macro regime has persisted for the required number of bars.
Pending
The regime is still forming.
Risk Layer Values
TRENDING
Directional movement is strong and sustained.
CONSOLIDATING
Market is range-bound.
UNSTABLE
Volatility expansion or elevated risk conditions.
Impact Interpretation
TRENDING
Trend continuation likely.
CONSOLIDATING
Breakout risk increasing.
UNSTABLE
Risk management priority.
---
Regime / Score
Displays the macro regime and confidence percentage.
Possible Values
STRONG RISK ON
Score above 75%
RISK ON
Score between 55% and 75%
NEUTRAL
Score between 35% and 55%
RISK OFF
Score below 35%
---
Glyph Symbols
▲
Bullish or supportive signal
▼
Bearish or negative signal
•
Neutral condition
---
3. Settings Explanation
Auto Detect Market
Automatically determines whether the chart represents:
SPX
or
NASDAQ
If enabled
The script identifies the instrument automatically.
If disabled
Manual selection is used.
---
Manual Market Override
Used only when auto detection is disabled.
Options
SPX
NASDAQ
---
Fast Length
Short-term moving average period.
Used for trend detection.
Typical values
3
5
10
---
Slow Length
Longer moving average period.
Used for trend confirmation.
Typical values
15
20
30
---
Show Dashboard Table
Enables or disables the macro dashboard display.
---
Show Macro Background
Colors the chart background according to the macro regime.
Green
Risk-on environment
Orange
Neutral environment
Red
Risk-off environment
---
Show Support / Resistance Levels
Displays automatically calculated levels.
---
Show S/R Price Labels
Displays price labels to the right of the last bar.
Example
S1: 5120
R1: 5185
---
Levels Mode
Determines how support and resistance are calculated.
Options
Swing
Uses recent highs and lows.
ATR
Uses volatility-based levels.
Pivot
Uses pivot structure detection.
---
Swing Lookback 1
Short-term support/resistance window.
Typical
20
---
Swing Lookback 2
Longer-term support/resistance window.
Typical
50
---
ATR Length
Volatility measurement period.
Typical
14
---
ATR Basis Length
Moving average used as ATR center.
Typical
20
---
ATR Mult 1
Primary volatility distance.
Typical
1.0
---
ATR Mult 2
Secondary volatility distance.
Typical
2.0
---
Pivot Left Bars
Number of bars before pivot.
---
Pivot Right Bars
Number of bars after pivot.
---
Regime Confirmation Bars
Number of bars required to confirm a regime.
Higher value
More stability
Less noise
Lower value
Faster signals
More sensitivity
Typical
3
---
Liquidity Delta Smoothing
Smoothing factor for liquidity change signal.
Typical
3
---
Liquidity Delta Lookback
Historical comparison period.
Typical
5
---
Risk Layer Fast Trend
Short-term trend period.
---
Risk Layer Slow Trend
Longer trend period.
---
Risk Layer Range Length
Range measurement window.
---
Trending Threshold %
Minimum trend strength required.
---
Unstable ATR % Threshold
Volatility threshold for instability detection.
---
Consolidation Range % Threshold
Range size threshold for consolidation detection.
---
4. Use Cases / How To Use
Use Case 1 — Trend Continuation
Conditions
Regime
STRONG RISK ON
Risk Layer
TRENDING
Signal
Price breaks Resistance 1
Interpretation
High-probability continuation setup.
---
Use Case 2 — Breakdown Risk
Conditions
Regime
RISK OFF
Risk Layer
UNSTABLE
Signal
Price breaks Support 1
Interpretation
Downside continuation likely.
---
Use Case 3 — Range Trading
Conditions
Risk Layer
CONSOLIDATING
Signal
Price moves between Support and Resistance.
Interpretation
Mean-reversion environment.
---
Use Case 4 — Early Risk Warning
Conditions
Liquidity
Drain
Credit
Stress
VIX
High Vol
Interpretation
Elevated systemic risk.
Risk management priority.
---
Use Case 5 — Regime Transition
Conditions
Regime
Pending
Interpretation
Market environment changing.
Wait for confirmation.
---
Best Practices
Use the indicator for:
Context
Risk management
Trade confirmation
Market regime identification
Do not use it as:
A standalone entry signal
A prediction tool
A guarantee of market direction
---
Macro Environment Dashboard SPX/Nasdaq Levels
This indicator aims to show an actual snapshot of the current macro situation, so you can estimate what to expect from the day.
This is a result of a long AI conversation, in order to gather market principles into a usable dashboard. Hope you find it useful.
Purpose
Provides a structured macro environment dashboard for equity index trading, combining liquidity, volatility, credit, and trend signals into a single regime framework. It automatically determines support and resistance levels, evaluates market risk conditions, and generates contextual alerts for potential breakout or breakdown events.
The tool is designed for discretionary traders, systematic traders, and macro-aware technical traders who want to align execution decisions with the prevailing macro regime.
---
1. Market Principles the Script Is Based On
The indicator is built on a multi-factor macro model. It assumes that equity index behavior is primarily driven by liquidity conditions, financial stress signals, interest rates, volatility, and trend structure.
Core Principle: Markets Move With Liquidity
When liquidity expands:
* risk assets tend to rise
* volatility tends to fall
* credit conditions improve
When liquidity contracts:
* risk assets tend to weaken
* volatility tends to rise
* financial stress increases
The Model Uses Eight Core Signals
Liquidity
Measures global central bank balance sheets relative to liquidity drains.
Liquidity Delta
Measures short-term liquidity changes from funding sources.
Dollar (DXY)
A stronger dollar tightens global financial conditions.
10Y Yield
Higher yields increase discount rates and pressure equities.
Credit
Credit spreads reflect financial system health.
VIX
Market volatility represents risk perception.
SPX Trend
Trend direction of the S&P 500.
Nasdaq Trend
Trend direction of the Nasdaq index.
These signals are combined into a weighted score that determines the market regime.
Regime Model
STRONG RISK ON
High liquidity alignment and positive market conditions.
RISK ON
Supportive macro environment but not fully aligned.
NEUTRAL
Mixed signals or transitional environment.
RISK OFF
Defensive environment with elevated risk.
---
2. Table Rows — All Possible Values and Meaning
Liquidity
Injection
Liquidity is expanding.
Typically bullish for equities.
Drain
Liquidity is contracting.
Typically bearish for equities.
Impact Interpretation
Injection → upward price pressure
Drain → downward price pressure
---
Liq Delta
Improving
Short-term liquidity is increasing.
Deteriorating
Short-term liquidity is decreasing.
Impact Interpretation
Improving → short-term support
Deteriorating → short-term risk
---
Dollar
Weak USD
Financial conditions are easing.
Strong USD
Financial conditions are tightening.
Impact Interpretation
Weak USD → risk assets supported
Strong USD → risk assets pressured
---
10Y Yield
Falling
Discount rates are declining.
Rising
Discount rates are increasing.
Impact Interpretation
Falling → equities supported
Rising → equities pressured
---
Credit
Healthy
Credit markets are stable.
Stress
Credit risk is increasing.
Impact Interpretation
Healthy → supportive risk environment
Stress → elevated financial risk
---
VIX
Low Vol
Market risk perception is low.
High Vol
Market risk perception is elevated.
Impact Interpretation
Low Vol → stable conditions
High Vol → unstable conditions
---
SPX Trend
Bullish
Short-term trend is upward.
Bearish
Short-term trend is downward.
---
Nasdaq Trend
Bullish
Short-term trend is upward.
Bearish
Short-term trend is downward.
---
Selected
Bullish
The currently selected execution market trend is positive.
Bearish
The currently selected execution market trend is negative.
---
Support 1
Automatically calculated key support level.
Meaning
Primary downside structure level.
Behavior
Break below support indicates potential continuation lower.
---
Resistance 1
Automatically calculated key resistance level.
Meaning
Primary upside structure level.
Behavior
Break above resistance indicates potential continuation higher.
---
Persistence / Risk
Confirmed
The macro regime has persisted for the required number of bars.
Pending
The regime is still forming.
Risk Layer Values
TRENDING
Directional movement is strong and sustained.
CONSOLIDATING
Market is range-bound.
UNSTABLE
Volatility expansion or elevated risk conditions.
Impact Interpretation
TRENDING
Trend continuation likely.
CONSOLIDATING
Breakout risk increasing.
UNSTABLE
Risk management priority.
---
Regime / Score
Displays the macro regime and confidence percentage.
Possible Values
STRONG RISK ON
Score above 75%
RISK ON
Score between 55% and 75%
NEUTRAL
Score between 35% and 55%
RISK OFF
Score below 35%
---
Glyph Symbols
▲
Bullish or supportive signal
▼
Bearish or negative signal
•
Neutral condition
---
3. Settings Explanation
Auto Detect Market
Automatically determines whether the chart represents:
SPX
or
NASDAQ
If enabled
The script identifies the instrument automatically.
If disabled
Manual selection is used.
---
Manual Market Override
Used only when auto detection is disabled.
Options
SPX
NASDAQ
---
Fast Length
Short-term moving average period.
Used for trend detection.
Typical values
3
5
10
---
Slow Length
Longer moving average period.
Used for trend confirmation.
Typical values
15
20
30
---
Show Dashboard Table
Enables or disables the macro dashboard display.
---
Show Macro Background
Colors the chart background according to the macro regime.
Green
Risk-on environment
Orange
Neutral environment
Red
Risk-off environment
---
Show Support / Resistance Levels
Displays automatically calculated levels.
---
Show S/R Price Labels
Displays price labels to the right of the last bar.
Example
S1: 5120
R1: 5185
---
Levels Mode
Determines how support and resistance are calculated.
Options
Swing
Uses recent highs and lows.
ATR
Uses volatility-based levels.
Pivot
Uses pivot structure detection.
---
Swing Lookback 1
Short-term support/resistance window.
Typical
20
---
Swing Lookback 2
Longer-term support/resistance window.
Typical
50
---
ATR Length
Volatility measurement period.
Typical
14
---
ATR Basis Length
Moving average used as ATR center.
Typical
20
---
ATR Mult 1
Primary volatility distance.
Typical
1.0
---
ATR Mult 2
Secondary volatility distance.
Typical
2.0
---
Pivot Left Bars
Number of bars before pivot.
---
Pivot Right Bars
Number of bars after pivot.
---
Regime Confirmation Bars
Number of bars required to confirm a regime.
Higher value
More stability
Less noise
Lower value
Faster signals
More sensitivity
Typical
3
---
Liquidity Delta Smoothing
Smoothing factor for liquidity change signal.
Typical
3
---
Liquidity Delta Lookback
Historical comparison period.
Typical
5
---
Risk Layer Fast Trend
Short-term trend period.
---
Risk Layer Slow Trend
Longer trend period.
---
Risk Layer Range Length
Range measurement window.
---
Trending Threshold %
Minimum trend strength required.
---
Unstable ATR % Threshold
Volatility threshold for instability detection.
---
Consolidation Range % Threshold
Range size threshold for consolidation detection.
---
4. Use Cases / How To Use
Use Case 1 — Trend Continuation
Conditions
Regime
STRONG RISK ON
Risk Layer
TRENDING
Signal
Price breaks Resistance 1
Interpretation
High-probability continuation setup.
---
Use Case 2 — Breakdown Risk
Conditions
Regime
RISK OFF
Risk Layer
UNSTABLE
Signal
Price breaks Support 1
Interpretation
Downside continuation likely.
---
Use Case 3 — Range Trading
Conditions
Risk Layer
CONSOLIDATING
Signal
Price moves between Support and Resistance.
Interpretation
Mean-reversion environment.
---
Use Case 4 — Early Risk Warning
Conditions
Liquidity
Drain
Credit
Stress
VIX
High Vol
Interpretation
Elevated systemic risk.
Risk management priority.
---
Use Case 5 — Regime Transition
Conditions
Regime
Pending
Interpretation
Market environment changing.
Wait for confirmation.
---
Best Practices
Use the indicator for:
Context
Risk management
Trade confirmation
Market regime identification
Do not use it as:
A standalone entry signal
A prediction tool
A guarantee of market direction
---
Versionshinweise
What's New — MacroDashboard----------------------------------------------------------------------------
**6 Color Schemes**
Pick your preferred look from the *Table Colour Scheme* input:
- Dark Slate *(original)*
- Deep Navy / Teal
- Warm Charcoal / Gold
- Midnight Purple
- Soft White / Blue
- Warm Ivory / Rose
Every table element — backgrounds, text, glyphs — adapts to the chosen theme.
----------------------------------------------------------------------------
**Cleaner Table Layout**
The dashboard is more compact. The redundant side stripe and the duplicate *Selected* row are gone. The title bar now spans the full width with larger text. The SPX/Nasdaq rows swap automatically so **the active market is always at the bottom** of the signal section.
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**Smarter Persist Cell**
The persistence indicator now uses **◆** (confirmed) and **◇** (pending) instead of ▲ / •. The diamond shape signals certainty; the *color* tells you the direction. When the regime is still pending, the cell dims to grey so it doesn't mislead you.
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**Levels That Actually Match Your Chart**
Levels now always compute from the **chart instrument itself** at daily resolution. Previously they were pulled from SPX/NASDAQ cash data, so on CFD or futures charts (NAS100, ES, MNQ…) the levels appeared far off-price. This is now fixed regardless of what instrument you're viewing.
---
**S2 / R2 Are a Distinct Zone**
In Swing mode, S1/R1 cover the *most recent 20 days* and S2/R2 cover the *prior 21–50 day zone* — two genuinely independent areas. Previously both measured from bar 0 and were often identical.
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**Levels Always Properly Ordered**
R1 is always the *nearer* (lower) resistance and R2 the *further* (higher) one — and vice versa for support — regardless of trend direction or level mode. The previous version could show R2 below current price in a strong uptrend.
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**Intraday S/R Levels** *(new)*
Enable *Show Intraday S/R Levels* to get a second set of levels built for intraday charts. They only appear on sub-daily timeframes and use distinct colors — **orange** for support, **purple** for resistance — so they never clash with the daily red/green lines.
Four modes to choose from:
1. **Classic Pivot** *(default)* — The standard floor-trader pivot (PP, S1/R1, S2/R2) from yesterday's high, low and close. The most widely watched intraday levels.
2. **Prev Day H/L** — Yesterday's high and low as hard session boundaries, with a 50% range extension projected above and below.
3. **ATR (VWAP basis)** — Session VWAP ± ATR bands, adapting dynamically to the day's volatility.
4. **Swing** — Same layered-zone logic as the daily engine, calculated at your chart's bar resolution.
Labels are prefixed *iS1:*, *iR1:*, *PP:* etc. to keep them separate from daily labels. Break signals and alert conditions are included.
*Tip: to view intraday levels only, enable Show Intraday S/R Levels and uncheck Show Support / Resistance Levels.*
Versionshinweise
## 🔔 What's New ### Regime & Score Alerts
**6 new regime alerts:**
- **Regime Changed** — fires on any confirmed regime transition
- **Regime: Strong Risk On** — fires when regime shifts to Strong Risk On
- **Regime: Risk On** — fires when regime shifts to Risk On
- **Regime: Neutral** — fires when regime shifts to Neutral
- **Regime: Risk Off** — fires when regime shifts to Risk Off
**6 new score threshold alerts:**
- **Score Crossed 75% Up / Down** — Strong Risk On boundary
- **Score Crossed 55% Up / Down** — Risk On boundary
- **Score Crossed 35% Up / Down** — Risk Off boundary
---
### Persistence & Risk Layer Alerts
**3 new persistence alerts:**
- **Regime Persistence Changed** — fires on any Confirmed ↔ Pending transition
- **Regime Persistence: Confirmed** — regime held long enough to be confirmed
- **Regime Persistence: Pending** — regime reverted to unconfirmed state
**4 new risk layer alerts:**
- **Risk Layer Changed** — fires on any volatility regime transition
- **Risk Layer: Trending** — market shifted into trending mode
- **Risk Layer: Consolidating** — market shifted into consolidation
- **Risk Layer: Unstable** — elevated volatility detected
---
### Intraday Level Alerts
**2 new deeper-level alerts** (in addition to existing S1/R1):
- **Intraday Support 2 Breach** — price crossed below iS2
- **Intraday Resistance 2 Break** — price crossed above iR2
Matching chart markers (faded orange / purple triangles) added for iS2 and iR2 breaks.
---
### Alert Message Format
All alert messages now follow the standard format:
`{{ticker}} {{interval}} <description>`
This makes webhook and bot integrations easier — ticker and timeframe are always included automatically.
---
*Total alert conditions available: 24*
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
If you want to support further development - buy me a coffee!
paypal.com/donate/?business=AZNKQRW42YLSS&amount=5&no_recurring=1&item_name=Support+further+development!¤cy_code=EUR
paypal.com/donate/?business=AZNKQRW42YLSS&amount=5&no_recurring=1&item_name=Support+further+development!¤cy_code=EUR
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
If you want to support further development - buy me a coffee!
paypal.com/donate/?business=AZNKQRW42YLSS&amount=5&no_recurring=1&item_name=Support+further+development!¤cy_code=EUR
paypal.com/donate/?business=AZNKQRW42YLSS&amount=5&no_recurring=1&item_name=Support+further+development!¤cy_code=EUR
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.