PROTECTED SOURCE SCRIPT
Updated RSRS - Beta[MIT]

Main Functionality:
Plots a smooth line called “beta” that dynamically reflects certain price structure characteristics.
Displays two key horizontal reference levels:
S1 (yellow thick solid line): Commonly used as an entry/strength threshold
S2 (red thick solid line): Commonly used as an exit/weakness threshold
Visual Elements:
Blue thick line: Beta curve (the main indicator line, fluctuates over time)
Yellow thick solid line: S1 level (default 1.0, adjustable)
Red thick solid line: S2 level (default 0.3, adjustable)
Typical Usage Scenarios:
When the beta line consistently stays above S1, it may indicate a strong trending market.
When beta falls below S2, it could suggest weakening momentum or a potential correction phase.
Beta crossing above S1 from below can serve as a potential bullish attention signal.
Beta crossing below S2 from above can act as a potential exit or reversal reference.
Best used in combination with price action, volume, or other indicators as a trend strength filter.
Parameter Descriptions:
N (Lookback Window): Default 18, controls the smoothness and responsiveness of the beta line (larger = smoother, smaller = more sensitive)
S1 (Entry Threshold): Default 1.0, beta crossing above this level often viewed as a strength signal
S2 (Exit Threshold): Default 0.3, beta crossing below this level often viewed as a weakness signal
主要功能:
计算并实时绘制一条名为“beta”的平滑曲线,用于反映价格结构特征的动态变化。
提供两条水平参考线:
S1(黄色粗实线):通常作为开仓/强势参考阈值
S2(红色粗实线):通常作为平仓/弱势参考阈值
图表呈现:
蓝色粗线:beta 曲线(核心指标线,随时间波动)
黄色粗实线:S1 水平线(默认值1.0,可调)
红色粗实线:S2 水平线(默认值0.3,可调)
使用场景建议:
当 beta 曲线持续运行在 S1 上方时,市场可能处于较强的趋势状态。
当 beta 曲线跌破 S2 时,可能暗示趋势减弱或进入调整。
beta 从下方上穿 S1,可作为潜在的多头关注信号。
beta 从上方下穿 S2,可作为潜在的离场或反向参考信号。
适合与价格走势、成交量或其他指标结合使用,作为趋势强弱的辅助判断工具。
参数说明:
N(回归窗口):默认18,控制 beta 曲线的平滑度和敏感度(数值越大越平滑,数值越小越敏感)
S1(开仓阈值):默认1.0,beta 上穿此线常被视为强势信号
S2(平仓阈值):默认0.3,beta 下穿此线常被视为弱势信号
Plots a smooth line called “beta” that dynamically reflects certain price structure characteristics.
Displays two key horizontal reference levels:
S1 (yellow thick solid line): Commonly used as an entry/strength threshold
S2 (red thick solid line): Commonly used as an exit/weakness threshold
Visual Elements:
Blue thick line: Beta curve (the main indicator line, fluctuates over time)
Yellow thick solid line: S1 level (default 1.0, adjustable)
Red thick solid line: S2 level (default 0.3, adjustable)
Typical Usage Scenarios:
When the beta line consistently stays above S1, it may indicate a strong trending market.
When beta falls below S2, it could suggest weakening momentum or a potential correction phase.
Beta crossing above S1 from below can serve as a potential bullish attention signal.
Beta crossing below S2 from above can act as a potential exit or reversal reference.
Best used in combination with price action, volume, or other indicators as a trend strength filter.
Parameter Descriptions:
N (Lookback Window): Default 18, controls the smoothness and responsiveness of the beta line (larger = smoother, smaller = more sensitive)
S1 (Entry Threshold): Default 1.0, beta crossing above this level often viewed as a strength signal
S2 (Exit Threshold): Default 0.3, beta crossing below this level often viewed as a weakness signal
主要功能:
计算并实时绘制一条名为“beta”的平滑曲线,用于反映价格结构特征的动态变化。
提供两条水平参考线:
S1(黄色粗实线):通常作为开仓/强势参考阈值
S2(红色粗实线):通常作为平仓/弱势参考阈值
图表呈现:
蓝色粗线:beta 曲线(核心指标线,随时间波动)
黄色粗实线:S1 水平线(默认值1.0,可调)
红色粗实线:S2 水平线(默认值0.3,可调)
使用场景建议:
当 beta 曲线持续运行在 S1 上方时,市场可能处于较强的趋势状态。
当 beta 曲线跌破 S2 时,可能暗示趋势减弱或进入调整。
beta 从下方上穿 S1,可作为潜在的多头关注信号。
beta 从上方下穿 S2,可作为潜在的离场或反向参考信号。
适合与价格走势、成交量或其他指标结合使用,作为趋势强弱的辅助判断工具。
参数说明:
N(回归窗口):默认18,控制 beta 曲线的平滑度和敏感度(数值越大越平滑,数值越小越敏感)
S1(开仓阈值):默认1.0,beta 上穿此线常被视为强势信号
S2(平仓阈值):默认0.3,beta 下穿此线常被视为弱势信号
Release Notes
optimizationRelease Notes
OptimizationProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.