MetaScore is a scoring indicator. It analyzes a multitude of signals and indicators, over multiple time horizons, and synthesizes everything with a score that assigns a score from 0 to 100.
The higher the rating, the more converging signals, indicators and time horizons you have.
It answers very simply the following questions: “are all the planets aligned? does everything converge?”
You can define your own thresholds in order to identify the best periods in line with your strategy.
MaxScore indicates the upper score threshold, but you can also indicate a lower threshold the MinScore. You can also smooth the score in order to fully adapt this scoring tool to your needs.
Finally, you can use MetaScore via screeners, for example to detect all the values which have just passed a defined maximum threshold upwards, or else a defined minimum threshold downwards, in order to be able to short values at the when they are weakest.
MetaScore applies to indices, stocks, forex, and even cryptos. On the daily chart (250 units and more), as in intraday.
Nota Bene: MetaScore is used exclusively on the Prorealtime platform, whether on the Prorealtime.com site (on this site, the platform is free for end-of-day data) or via a broker that offers the Prorealtime platform. For those who wish to use MetaScore on 2 accounts, 2 sites or 2 different brokers, you can benefit from a 2nd license at -20%.