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Centered Oscillators

MACD, RSI & Stoch + Divergences Best results with combination My_EMA_clouds and Market Mood Maker This script is a comprehensive technical analysis tool that combines several popular indicators and divergence detection features. The main components of the script include: * **MACD indicator** with histogram displaying moving averages and their divergence * **RSI (Relative Strength Index)** for momentum analysis * **Stochastic Oscillator** for overbought/oversold levels * **Divergence detection** system identifying both regular and hidden bullish/bearish divergences between price action and oscillators Key features: * Customizable settings for each indicator (periods, smoothing parameters) * Flexible visualization options (lines, arrows, labels) * Multiple oscillator display modes (RSI, Stochastic, MACD, or Histogram) * Pivot point detection for accurate divergence identification * Configurable lookback period for analysis * Color-coded signals for easy interpretation * Horizontal levels for overbought/oversold zones * Interactive settings panel for customization The script provides traders with a comprehensive toolkit for identifying potential reversal points and confirming trend directions through divergence analysis across multiple timeframes and indicators. анный скрипт представляет собой комплексный инструмент технического анализа, который объединяет несколько популярных индикаторов и систему обнаружения дивергенций. Основные компоненты скрипта включают: Индикатор MACD с гистограммой, отображающей скользящие средние и их расхождения Индекс относительной силы (RSI) для анализа импульса Стохастический осциллятор для определения уровней перекупленности/перепроданности Система обнаружения дивергенций, выявляющая как обычные, так и скрытые бычьи/медвежьи дивергенции между ценовым движением и осцилляторами
Pine Script® indicator
by vslvnvch
REMS Snap Shot OverlayThe REMS Snap Shot indicator is a multi-factor, confluence-based system that combines momentum (RSI, Stochastic RSI), trend (EMA, MACD), and optional filters (volume, MACD histogram, session time) to identify high-probability trade setups. Signals are only triggered when all enabled conditions align, giving the trader a filtered, visually clear entry signal. This indicator uses an optional 'look-back' feature where in it will signal an entry based on the recency of specified cross events. To use the indicator, select which technical indicators you wish to filter, the session you wish to apply (default is 9:30am - 4pm EST, based on your chart time settings), and if which cross events you wish to trigger a reset on the cooldown. The default settings filter the 4 major technical indicators (RSI, EMAs, MACD, Stochastic RSI) but optional filters exist to further fine tune Stochastic Range, MACD momentum and strength, and volume, with optional visual cues for MACD position, Stochastic RSI position, and volume. EMAs can be drawn on the chart from this indicator with optional shaded background. This indicator is an alternative to REMS First Strike, which uses a recency filter instead of a cool down.
Pine Script® indicator
by KodiakMarket
QFisher-R™ [ParadoxAlgo]QFISHER-R™ (Regime-Aware Fisher Transform) A research/education tool that helps visualize potential momentum exhaustion and probable inflection zones using a quantitative, non-repainting Fisher framework with regime filters and multi-timeframe (MTF) confirmation. What it does Converts normalized price movement into a stabilized Fisher domain to highlight potential turning points. Uses adaptive smoothing, robust (MAD/quantile) thresholds, and optional MTF alignment to contextualize extremes. Provides a Reversal Probability Score (0–100) to summarize signal confluence (extreme, slope, cross, divergence, regime, and MTF checks). Key features Non-repainting logic (bar-close confirmation; security() with no lookahead). Dynamic exhaustion bands (data-driven thresholds vs fixed ±2). Adaptive smoothing (efficiency-ratio based). Optional divergence tags on structurally valid pivots. MTF confirmation (same logic computed on a higher timeframe). Compact visuals with subtle plotting to reduce chart clutter. Inputs (high level) Source (e.g., HLC3 / Close / HA). Core lookback, fast/slow range blend, and ER length. Band sensitivity (robust thresholding). MTF timeframe(s) and agreement requirement. Toggle divergence & intrabar previews (default off). Signals & Alerts Turn Candidate (Up/Down) when multiple conditions align. Trade-Grade Turn when score ≥ threshold and MTF agrees. Divergence Confirmed when structural criteria are met. Alerts are generated on confirmed bar close by default. Optional “preview” mode is available for experimentation. How to use Start on your preferred timeframe; optionally enable an HTF (e.g., 4×) for confirmation. Look for RPS clusters near the exhaustion bands, slope inflections, and (optionally) divergences. Combine with your own risk management, liquidity, and trend context. Paper test first and calibrate thresholds to your instrument and timeframe. Notes & limitations This is not a buy/sell signal generator and does not predict future returns. Readings can remain extreme during strong trends; use HTF context and your own filters. Parameters are intentionally conservative by default; adjust carefully. Compliance / Disclaimer Educational & research tool only. Not financial advice. No recommendation to buy/sell any security or derivative. Past performance, backtests, or examples (if any) are not indicative of future results. Trading involves risk; you are responsible for your own decisions and risk management. Built upon the Fisher Transform concept (Ehlers); all modifications, smoothing, regime logic, scoring, and visualization are original work by Paradox Algo.
Pine Script® indicator
by paradoxalgo
2
REMS First Strike OverlayThe REMS First Strike indicator is a multi-factor, confluence-based system that combines momentum (RSI, Stochastic RSI), trend (EMA, MACD), and optional filters (volume, MACD histogram, session time) to identify high-probability trade setups. Signals are only triggered when all enabled conditions align, giving the trader a filtered, visually clear entry signal. This indicator uses an optional 'cool down' feature where in it will signal an entry only after any of the specified cross events occur. To use the indicator, select which technical indicators you wish to filter, the session you wish to apply (default is 9:30am - 4pm EST, based on your chart time settings), and if which cross events you wish to trigger a reset on the cooldown. The default settings filter the 4 major technical indicators (RSI, EMAs, MACD, Stochastic RSI) but optional filters exist to further fine tune Stochastic Range, MACD momentum and strength, and volume, with optional visual cues for MACD position, Stochastic RSI position, and volume. EMAs can be drawn on the chart from this indicator with optional shaded background. This indicator is an alternative to REMS Snap Shot, which uses a recency filter instead of a cool down.
Pine Script® indicator
by KodiakMarket
Persistence# Persistence ## What it does Measures **price change persistence**, defined as the percentage of bars within a lookback window that closed higher than the prior close. A high value means the instrument has been closing up frequently, which can indicate durable momentum. This mirrors Stockbee’s idea: *select stocks with high price change persistence*, and then combine **momentum plus persistence**. ## Can be used for scanning in PineScreener ## Calculation * `isUp` is true when `close > close `. * `countUp` counts true instances over the last `len` bars. * `pctUp = 100 * countUp / len`, bounded between 0 and 100. * A 50% level is a natural baseline. Above 50% suggests more up closes than down closes in the window. ## Inputs * **Lookback bars (`len`)**: default 252 for roughly one trading year on a daily chart. On weekly charts use something like 52, on monthly charts use 12. ## How to use 1. **Screen for persistence** Sort a watchlist by the plotted value, higher is better. Many momentum traders start looking above 58 to 65 percent, then layer a trend filter. 2. **Combine with momentum** Examples, pick tickers with: * `pctUp > 60`, and price above a rising EMA50 or EMA100. * `pctUp rising` and weekly ROC positive. 3. **Switch timeframe to change the horizon** * Daily chart with `len = 252` approximates one year. * Weekly chart with `len = 52` approximates one year. * Monthly chart with `len = 12` approximates one year. ## TC2000 equivalence Stockbee’s TC2000 expression: ``` CountTrue(c > c1, 252) ``` ## Interpretation guide * **70 to 90**: very strong persistence; often trend leaders, check for extensions and risk controls. * **60 to 70**: constructive persistence; good hunting ground for swing setups that also pass momentum filters. * **50**: neutral baseline; around random up vs down frequency. * **Below 50**: persistent weakness; consider only for mean reversion or short strategies. ## Practical tips * **Event effects**: ex-dividend gaps can reduce persistence on high yield names. Earnings gaps can swing the value sharply. * **Survivorship bias**: when backtesting on curated lists, persistence can look cleaner than in live scans. * **Liquidity**: thin names may show noisy persistence due to erratic prints. ## Reference to Stockbee * “One way to select stocks for swing trading is to find those with high price change persistence.” * “Persistence can be calculated on a daily, monthly, or weekly timeframe.” * TC2000 function: `CountTrue(c > c1, 252)` * Example noted in the tweet: CVNA had very high one-year price persistence at the time of that post. * Takeaway: **look for momentum plus persistence**, not persistence alone.
Pine Script® indicator
by BB_9791
FlowFusion Money Flow — FP + VWAP Drift + PVT (−100..+100)Title (ASCII only) FlowFusion Money Flow — Flow Pressure + Rolling VWAP Drift + PVT (Normalized −100..+100) Short Description Original money-flow oscillator combining Flow Pressure, Rolling VWAP Drift, and PVT Momentum into one normalized score (−100..+100) with a signal line, thresholds, optional component plots, and ready-made alerts. Full Description (meets “originality & usefulness”) What’s original FlowFusion Money Flow is not a generic mashup. It builds a single score from three complementary, volume-aware components that target different facets of order flow: Flow Pressure (FP) — In-bar directional drive scaled by relative volume. Drive = close − open max ⁡ ( high − low ,  tick ) ∈ = max(high−low, tick) close−open ​ ∈ . Relative Volume = volume average volume over  𝑓 𝑝 𝐿 𝑒 𝑛 = average volume over fpLen volume ​ . 𝐹 𝑃 𝑟 𝑎 𝑤 = Drive × RelVol FP raw ​ =Drive×RelVol then squashed (softsign) to . Why it belongs: distinguishes real pushes (big body and big volume) from noise. Rolling VWAP Drift — Direction of VWAP itself over a rolling window, normalized by ATR. 𝑉 𝑊 𝐴 𝑃 𝑡 = ∑ ( 𝑇 𝑃 × 𝑉 𝑜 𝑙 ) ∑ 𝑉 𝑜 𝑙 VWAP t ​ = ∑Vol ∑(TP×Vol) ​ over vwapLen. Drift = 𝑉 𝑊 𝐴 𝑃 𝑡 − 𝑉 𝑊 𝐴 𝑃 𝑡 − 1 𝐴 𝑇 𝑅 = ATR VWAP t ​ −VWAP t−1 ​ ​ → squashed to . Why it belongs: persistent VWAP movement signals sustained accumulation/distribution. PVT Momentum — Price-Volume Trend standardized (z-score) and squashed. 𝑃 𝑉 𝑇 𝑡 = 𝑃 𝑉 𝑇 𝑡 − 1 + 𝑉 𝑜 𝑙 × Δ 𝐶 𝑙 𝑜 𝑠 𝑒 𝐶 𝑙 𝑜 𝑠 𝑒 𝑡 − 1 PVT t ​ =PVT t−1 ​ +Vol× Close t−1 ​ ΔClose ​ . 𝑧 = 𝑃 𝑉 𝑇 − SMA ( 𝑃 𝑉 𝑇 ) StDev ( 𝑃 𝑉 𝑇 ) z= StDev(PVT) PVT−SMA(PVT) ​ → squashed to . Why it belongs: captures volume-weighted trend pressure without relying on price alone. Composite score: Score = 𝑤 𝐹 𝑃 ⋅ 𝐹 𝑃 + 𝑤 𝑉 𝑊 𝐴 𝑃 ⋅ 𝑉 𝑊 𝐴 𝑃 _ 𝐷 𝑟 𝑖 𝑓 𝑡 + 𝑤 𝑃 𝑉 𝑇 ⋅ 𝑃 𝑉 𝑇 _ 𝑀 𝑜 𝑚 𝑤 𝐹 𝑃 + 𝑤 𝑉 𝑊 𝐴 𝑃 + 𝑤 𝑃 𝑉 𝑇 Score= w FP ​ +w VWAP ​ +w PVT ​ w FP ​ ⋅FP+w VWAP ​ ⋅VWAP_Drift+w PVT ​ ⋅PVT_Mom ​ with a Signal = SMA(Score, sigLen). Thresholds mark strong accumulation/distribution zones. How it works (step-by-step) Compute FP, VWAP Drift, PVT Momentum. Normalize each to the same scale. Weighted average → FlowFusion Score. Smooth with a Signal line to reduce whipsaw. Optional background shading when Score exceeds thresholds. How to use Direction filter: Score > 0 favors longs; Score < 0 favors shorts. Momentum turns: Score crosses above Signal → setup for long; below → setup for short. Strength zones: Above Upper Threshold (default +40) = strong buy pressure; below Lower (−40) = strong sell pressure. Confluence: Best near S/R, trendlines, or HTF bias. For scalping on 1–5m, consider sigLen 9–13 and thresholds ±40 to ±50. Alerts included: zero cross, zone entries, and Score/Signal crossovers. Inputs (key) fpLen (20): relative-volume lookback for Flow Pressure. vwapLen (34): rolling VWAP window. pvtLen (50): PVT z-score window. sigLen (9): Signal smoothing. Weights: wFP, wVWAP, wPVT to bias the blend. Thresholds: upperBand / lowerBand (defaults +40/−40). Display: toggle component plots and background shading. Best practices Trending markets: increase wVWAP (VWAP Drift) or widen thresholds. Ranging markets: increase wFP and wPVT; take quicker profits. News: wait for bar close confirmation or reduce size. Data quality: use consistent volume feeds (especially in crypto). Limitations Oscillators can stay extreme in strong trends; use structure/trend filters. Volume anomalies (illiquid pairs, API glitches) can distort signals—sanity-check with another venue when possible. Disclaimer This indicator is for educational purposes only and is not financial advice. Trading involves risk; past performance does not guarantee future results. Always paper-trade first and use appropriate risk controls.
Pine Script® indicator
by fts4sure
ForecastForecast (FC), indicator documentation Type: Study, not a strategy Primary timeframe: 1D chart, most plots and the on-chart table only render on daily bars Inspiration: Robert Carver’s “forecast” concept from Advanced Futures Trading Strategies, using normalized, capped signals for comparability across markets ⸻ What the indicator does FC builds a volatility-normalized momentum forecast for a chosen symbol, optionally versus a benchmark. It combines an EWMAC composite with a channel breakout composite, then caps the result to a common scale. You can run it in three data modes: • Absolute: Forecast of the selected symbol • Relative: Forecast of the ratio symbol / benchmark • Combined: Average of Absolute and Relative A compact table can summarize the current forecast, short-term direction on the forecast EMAs, correlation versus the benchmark, and ATR-scaled distances to common price EMAs. ⸻ PineScreener, relative-strength screening This indicator is excellent for screening on relative strength in PineScreener, since the forecast is volatility-normalized and capped on a common scale. Available PineScreener columns PineScreener reads the plotted series. You will see at least these columns: • FC, the capped forecast • from EMA20, (price − EMA20) / ATR in ATR multiples • from EMA50, (price − EMA50) / ATR in ATR multiples • ATR, ATR as a percent of price • Corr, weekly correlation with the chosen benchmark Relative mode and Combined mode are recommended for cross-sectional screens. In Relative mode the calculation uses symbol / benchmark, so ensure the ratio ticker exists for your data source. ⸻ How it works, step by step 1. Volatility model Compute exponentially weighted mean and variance of daily percent returns on D, annualize, optionally blend with a long lookback using 10y %, then convert to a price-scaled sigma. 2. EWMAC momentum, three legs Daily legs: EMA(8) − EMA(32), EMA(16) − EMA(64), EMA(32) − EMA(128). Divide by price-scaled sigma, multiply by leg scalars, cap to Cap = 20, average, then apply a small FDM factor. 3. Breakout momentum, three channels Smoothed position inside 40, 80, and 160 day channels, each scaled, then averaged. 4. Composite forecast Average the EWMAC composite and the breakout composite, then cap to ±20. Relative mode runs the same logic on symbol / benchmark. Combined mode averages Absolute and Relative composites. 5. Weekly correlation Pearson correlation between weekly closes of the asset and the benchmark over a user-set length. 6. Direction overlay Two EMAs on the forecast series plus optional green or red background by sign, and optional horizontal level shading around 0, ±5, ±10, ±15, ±20. ⸻ Plots • FC, capped forecast on the daily chart • 8-32 Abs, 8-32 Rel, single-leg EWMAC plus breakout view • 8-32-128 Abs, 8-32-128 Rel, three-leg composite views • from EMA20, from EMA50, (price − EMA) / ATR • ATR, ATR as a percent of price • Corr, weekly correlation with the benchmark • Forecast EMA1 and EMA2, EMAs of the forecast with an optional fill • Backgrounds and guide lines, optional sign-based background, optional 0, ±5, ±10, ±15, ±20 guides Most plots and the table are gated by timeframe.isdaily. Set the chart to 1D to see them. ⸻ Inputs Symbol selection • Absolute, Relative, Combined • Vs. benchmark for Relative mode and correlation, choices: SPY, QQQ, XLE, GLD • Ticker or Freeform, for Freeform use full TradingView notation, for example NASDAQ:AAPL Engine selection • Include: • 8-32-128, three EWMAC legs plus three breakouts • 8-32, simplified view based on the 8-32 leg plus a 40-day breakout EMA, applied to the forecast • EMA1, EMA2, with line-width controls, plus color and opacity Volatility • Span, EW volatility span for daily returns • 10y %, blend of long-run volatility • Thresh, Too volatile, placeholders in this version Background • Horizontal bg, level shading, enabled by default • Long BG, Hedge BG, colors and opacities Show • Table, Header, Direction, Gain, Extension • Corr, Length for correlation row Table settings • Position, background, opacity, text size, text color Lines • 0-lines, 10-lines, 5-lines, level guides ⸻ Reading the outputs • Forecast > 0, bullish tilt; Forecast < 0, bearish or hedge tilt • ±10 and ±20 indicate strength on a uniform scale • EMA1 vs EMA2 on the forecast, EMA1 above EMA2 suggests improving momentum • Table rows, label colored by sign, current forecast value plus a green or red dot for the forecast EMA cross, optional daily return percent, weekly correlation, and ATR-scaled EMA9, EMA20, EMA50 distances ⸻ Data handling, repainting, and performance • Daily and weekly series are fetched with request.security(). • Calculations use closed bars, values can update until the bar closes. • No lookahead, historical values do not repaint. • Weekly correlation updates during the week, it finalizes on weekly close. • On intraday charts most visuals are hidden by design. ⸻ Good practice and limitations • This is a research indicator, not a trading system. • The fixed Cap = 20 keeps a common scale, extreme moves will be clipped. • Relative mode depends on the ratio symbol / benchmark, ensure both legs have data for your feed. ⸻ Credits Concept inspired by Robert Carver’s forecast methodology in Advanced Futures Trading Strategies. Implementation details, parameters, and visuals are specific to this script. ⸻ Changelog • First version ⸻ Disclaimer For education and research only, not financial advice. Always test on your market and data feed, consider costs and slippage before using any indicator in live decisions.
Pine Script® indicator
by BB_9791
Colored Trix with spike detectionColored TRIX with Spike Detection This indicator combines multiple TRIX oscillators (periods 5, 7, 10, 14) with advanced spike detection capabilities. Key features: Dynamic Color Coding: TRIX lines change color based on value (positive/negative) and slope direction, providing instant visual feedback on momentum shifts Multi-Period Analysis: Four different TRIX periods offer comprehensive momentum analysis across various timeframes Intelligent Spike Detection: Automatically identifies significant TRIX spikes using percentile-based thresholds and distance measurements from recent highs/lows Visual Markers: Highlights important levels with yellow dots and reference lines showing lowest, median, and average TRIX values during spike periods Customizable Parameters: Adjustable spike thresholds, distance percentiles, and color schemes to fit your trading style Alert System: Built-in alerts for positive and negative spike detection The indicator helps traders identify momentum changes, oversold/overbought conditions, and potential reversal points through sophisticated spike analysis. Perfect for swing trading and trend following strategies.
Pine Script® indicator
by Theterran
Standardized Cumulative Deltas [LuxAlgo]The Standardized Cumulative Deltas tool allows traders to compare the cumulative standardized open-close difference for up to 10 different tickers, allowing them to visualize the general sentiment for all selected tickers. These results allow the construction of two areas showing the average or extreme bullish and bearish cumulative change for all enabled tickers, providing a summarized view of the overall ticker group sentiment. 🔶 USAGE This tool is meant to give a full picture of the individuals and/or overall selected tickers, and unlike classical indicators, the displayed series of values is not meant to be directly interpreted over time. Given the selected lookback period, a majority of observations being above 0 indicate an overall bullish market for the asset. By default, the auto lookback period feature is enabled, allowing the tool to use all the visible bars for its calculations. Traders can also set the lookback period manually. The above chart uses a fixed lookback period of 500. Up to 10 tickers can be used. While major cryptocurrencies are set by default, the users can set a specific basket of assets, such as US equities, forex pairs, commodities, etc. 🔹 Densities The provided areas, here called densities, can be used to get an overall sentiment of the selected tickers. The upper density (bullish) processes positive deltas, while the lower one (bearish) processes negative ones. Interpretation is subject to the selected "Density Mode". Average: Densities track the average bullish/bearish cumulative deltas for the selected tickers. For example, a more prominent bullish density would indicate that, on average, cumulative deltas were positive across the tickers. Envelope: Densities track the extreme values made by bullish/bearish cumulative deltas for the selected tickers. Here, a more prominent density would indicate more volatile bullish/bearish movements, depending on the density. 🔹 Dashboard The tool features a dashboard with active tickers and their respective colors for traders' convenience. 🔶 DETAILS 🔹 Densities Densities are obtained by applying a forward-backward exponential moving average on the average, or the highest/lowest cumulative series, depending on the selected Density Mode. The resulting densities are smoothed by the "Smoothing" parameter located in the Settings panel, with higher values returning smoother envelopes with less variability. Do note that the smoothing method used here is subject to repainting. 🔶 SETTINGS Lookback: Select the lookback period and enable/disable the Auto Lookback feature Tickers: Enable/disable and select up to 10 tickers and their colors Density Mode: Determine how densities are calculated 🔹 Dashboard Show Dashboard: Enable/disable the dashboard Position: Select the dashboard position Size: Select the dashboard size 🔹 Style Density: Enable/disable the density areas Bullish Density: Select the color of the top density area Bearish Density: Select the color of the bottom density area Smoothing: Select the smoothing constant for the EMA calculation
Pine Script® indicator
by LuxAlgo
5
Dynamic Momentum Oscillator with Adaptive ThresholdsDynamic Momentum Oscillator with Adaptive Thresholds (DMO-AT) This advanced indicator is designed to provide traders with a robust tool for identifying momentum shifts, overbought/oversold conditions, and potential reversals in any market. Unlike traditional oscillators with fixed thresholds, DMO-AT uses adaptive levels that adjust based on current volatility (via ATR) and incorporates volume weighting for more accurate signals in high-volume environments. #### Key Features: - **Momentum Calculation**: A normalized momentum value derived from price changes, optionally weighted by volume for enhanced sensitivity. - **Adaptive Thresholds**: Overbought and oversold levels dynamically adjust using ATR, making the indicator adaptable to volatile or ranging markets. - **Signal Line**: An EMA of the momentum for crossover signals, helping confirm trend directions. - **Divergence Detection**: Built-in alerts for bullish and bearish divergences between price and momentum. - **Visual Enhancements**: Background coloring for quick zone identification, dashed static lines for reference, and a customizable stats table displaying real-time values. - **Alerts**: Multiple alert conditions for crossovers, zone entries, and divergences to keep you notified without constant chart watching. #### How to Use: 1. Add the indicator to your chart via TradingView's indicator search. 2. Customize inputs: Adjust the momentum length, source, ATR length, and threshold multiplier to fit your trading style (e.g., shorter lengths for scalping, longer for swing trading). 3. Interpret Signals: - **Crossover**: Momentum crossing above the signal line suggests bullish momentum; below indicates bearish. - **Zones**: Entering the overbought (red) zone may signal a potential sell; oversold (green) for buys. - **Divergences**: Use alerts to spot hidden opportunities where price and momentum disagree. 4. Combine with other tools like moving averages or support/resistance for confluence. 5. Enable the stats table for at-a-glance insights on the chart. This indicator is versatile across timeframes and assets, from stocks to crypto. It's optimized for clarity and performance, with no repainting.
Pine Script® indicator
by jwammo12
VWMA MACD Trend Grinder Buy/Sell SignalsDescription: This indicator combines a VWMA-based MACD with volume and trend filters to reduce false buy and sell signals. It is designed to give more reliable entry and exit points in trending markets while avoiding low-volume noise. Features: 1. VWMA MACD: - MACD is calculated using Volume-Weighted Moving Averages (VWMA) instead of standard EMAs. - Histogram shows the difference between MACD and its signal line. 2. Volume Filter: - Signals are only triggered when current volume exceeds a multiple of its moving average. - Reduces false signals in low-volume periods. 3. Trend Filter: - Only triggers buy signals when price is above a long-term VWMA (uptrend). - Only triggers sell signals when price is below the long-term VWMA (downtrend). - Helps avoid counter-trend trades. 4. Plots: - MACD (blue), Signal (orange), Histogram (green/red) - Trend VWMA (purple) - Buy and Sell arrows in the indicator pane (green/red) 5. Alerts: - Configurable alerts for buy and sell signals filtered by volume and trend. Inputs: - Fast Length: VWMA period for the fast MACD line (default 12) - Slow Length: VWMA period for the slow MACD line (default 26) - Signal Length: EMA period for the MACD signal line (default 9) - Volume MA Length: Length for volume moving average filter (default 20) - Volume Threshold Multiplier: Multiplier for volume filter (default 1.2) - Trend VWMA Length: Period for long-term trend VWMA (default 50) - Price Source: Close, HL2, HLC3, OHLC4 Usage: - Use as a confirmation tool along with other analysis techniques. - Buy when the green triangle appears (MACD crossover, above trend VWMA, sufficient volume). - Sell when the red triangle appears (MACD crossunder, below trend VWMA, sufficient volume). - Trend VWMA helps visually confirm the market trend.
Pine Script® indicator
by kmarin137
Inverse Fisher Transform COMBO XThis is a vastly improved version of the indicator "Inverse Fisher Transform COMBO STO+RSI+CCIv2" by KIVANÇ fr3762 and updated previously by lordofcodes. This script includes all the original oscillators included in the original script including CCI, CCIv2, MFI, RSI, Stochastic, and SMI oscillators. In Inverse Fisher Transform, one looks for the indicator lines of your choosing to be either above or below the centerline as with all oscillators. In addition it has many new features that greatly enhance the variety of uses for this very helpful indicator. -Updated the script to indicator in pinescript v6. -An Inverse Fisher Transform of the Heikin Ashi Calculation has been included in the script, with both a raw Heikin Ashi signal output as well as a smoothed Heikin Ashi calculation are included. -In addition, bar coloring according to the raw Heikin Ashi calculation is included in order to allow for a standard bar chart to also give the visual indication of the Heikin Ashi chart type This allows the trader to maintain the accuracy of price information on the chart that standard candles provide while still being able to reference the smoothed trend calculation of Heikin Ashi candles. -Updated the script to add smoothing method and length inputs for each indicator. -Smoothing methods available include the original wma smoothing, as well as sma, ema, dema, tema, rma, hma, vwma, and t3 moving average calculations. -Now you can also select the method for calculating the Inverse Fisher Transform using either the default method of whether the oscillator is above or below the centerline, or to be based on the oscillator's position in relation to a signal line instead, which can potentially give more timely and accurate signals. -The signal line's length and moving average calculation method are also adjustable according to the same variety as the oscillators themselves. For simplicity the same signal line calculation will be applied to all oscillators except for the Heikin Ashi since Heikin Ashi is not an oscillator. In general, a low smoothing input works best for a slower moving average types such as rma and t3 which are my personal preference, while a larger number works better for the faster moving average calculations such as wma, hma, ema, dema, or tema. Though in practice, the combination of different smoothing methods and lengths across the variety of included indicators are greatly variable and can offer a complete trading strategy including long and short term trend analysis as well as volume analysis and Heikin Ashi candle analysis with just this one indicator. As always, one indicator never guarantees results, which is a problem this script seeks to address, but it still benefits one to look for confirmation from other indicators and methods. I hope you are able to find this indicator an effect addition to your trading strategy.
Pine Script® indicator
by nathanieljens
Aroon ADX/DIUnified trend-strength (ADX/DI) + trend-age (Aroon) with centered scaling, gated signals, regime tints, and a compact readout. What is different about this script: - Purpose-built mashup of ADX/DI tells trend strength and side, while Aroon Oscillator tracks trend emergence/aging. Combining them into a scaled chart creates a way to separate “strong-but-late” trends from “newly-emerging” ones. - Unified scale: Centering the maps into a common +/- 100 range so all lines are directly comparable at a glance (no units mismatch or fumbling with scales). - Signal quality gating: DI cross signals can be gated by minimum ADX so crosses in chop are filtered out. - Regime context: Background tints show low-strength chop, developing, and strong regimes using your ADX thresholds. - Operator-focused UI: Clean fills, color-blind palette, and a two-column table summarizing DI+, DI−, ADX, Aroon, and a plain-English Bias/Trend status. How it works: - DI+/DI−/ADX: Wilder’s DI is smoothed; DX → ADX via SMA smoothing. - Aroon Oscillator: highlights new highs/lows frequency to infer trend - Centering: Maps DI/ADX from 5-95 and ±100, with your Midpoint controlling where “0” sits in raw mode. - Signals: - Bullish/Bearish DI crosses, optionally allowed only when ADX ≥ Min. - ADX crosses of your Low/High thresholds. - Aroon crosses of 0, +80, −80 (fresh trend thresholds). - Display aids: Optional fill between DI+/DI−; thin guides for thresholds; single-pane table summary. How to use: - For this to be useful, centering should stay on, modify ADX Low/High and monitor DI crosses with ADX. - Interpretations: Bias: DI+ above DI− = bull; below = bear. Strength level: ADX < Low = chop, Low–High = developing, > High = strong. Freshness: Aroon > +80 or crossing up 0 suggests new or continued bull push; < −80 or crossing down 0 suggests new or continued bear push. - Alerts: Use built-ins for DI crosses, ADX regime changes, and Aroon thresholds.
Pine Script® indicator
by sirpipthegreat
VWMA MACD Amanita Buy/Sell Signals VWMA MACD Amanita Buy/Sell Signals – Volume-Weighted Momentum Indicator A twist on the classic MACD: this indicator uses Volume Weighted Moving Averages (VWMA) instead of EMAs, giving more weight to price moves backed by higher volume. Features: VWMA-based MACD line & signal line Histogram highlights bullish/bearish momentum Color-coded for easy visualization Quick Guide: MACD above Signal → bullish MACD below Signal → bearish Rising histogram → strengthening trend Falling histogram → weakening trend Perfect for traders who want momentum confirmed by volume.
Pine Script® indicator
by kmarin137
VWMA MACD AmanitaVWMA MACD (Volume-Weighted MACD) This indicator modifies the standard MACD by replacing EMAs with VWMAs (Volume-Weighted Moving Averages). - Fast VWMA (default 12 bars) - Slow VWMA (default 26 bars) - MACD Line = Fast VWMA - Slow VWMA - Signal Line = EMA of MACD (default 9 bars) - Histogram = MACD - Signal Compared to the standard MACD, this version emphasizes price moves that are backed by higher trading volume, helping to filter out weak signals. The script also lets you choose the price source (Close, HL2, HLC3, OHLC4).
Pine Script® indicator
by kmarin137
1
Penguin Trend with RSI on DiffVisualizes volatility regime via the percent spread between the upper Bollinger Band and the upper Keltner Channel, with bar colors from a lightweight trend engine and an RSI computed on the Diff signal. Supports SMA/EMA/WMA/RMA/HMA/VWMA/VWAP and an optional calculation timeframe. Defaults preserve the original look and behavior. Penguin Trend with RSI on Diff shows expansion vs. compression in price action by comparing two classic volatility envelopes. It computes: Diff% = (UpperBB − UpperKC) / UpperKC × 100 • Diff > 0: Bollinger Bands are wider than Keltner Channels → expansion / momentum regime • Diff < 0: BB narrower than KC → compression / squeeze regime A white “Average Diff” line smooths Diff% (default: SMA(5)) to highlight regime shifts. Bars are colored only when Diff > 0 to focus on expansion phases. A lightweight trend engine defines four states from a fast/slow MA bias and a short “thrust” MA on ohlc4: • Green: Bullish bias and thrust > fast MA (healthy upside thrust) • Red: Bearish bias and thrust < fast MA (healthy downside thrust) • Yellow: Bullish bias but thrust ≤ fast MA (pullback/weakness) • Blue: Bearish bias but thrust ≥ fast MA (bear rally/short squeeze) RSI on Diff: The indicator adds an RSI applied to Diff% to gauge momentum of the expansion/compression signal itself. Choose between Built-in RSI or a manual RMA-based computation, and optionally smooth it. Default OB/OS lines are 70/30. How it works: • Bollinger Bands (BB): Basis = selected MA of src (default SMA(20)); Width = StdDev × Mult (default 2.0) • Keltner Channels (KC): Basis = selected MA of src (default SMA(20)); Width = ATR(kcATR) × Mult (defaults 20 and 2.0) • Diff%: Safe division guards against division-by-zero • MA engine: Select SMA / EMA / WMA / RMA / HMA / VWMA / VWAP for BB/KC bases, Average Diff, and trend components (VWAP is session-anchored) • Calculation timeframe: Compute internals on a chosen TF via request.security() while viewing any chart TF Inputs (key): • Calculation timeframe: Empty = chart TF; set e.g., 60/240 to compute on that TF • BB: Length, StdDev Mult, MA Type • KC: Basis Length, ATR Length, Multiplier, MA Type • Average Diff: Length and MA Type • RSI on Diff: RSI Length, Method (Built-in or Manual RMA), Smoothing Length, OB/OS levels, show/hide • Trend Engine: Fast/Slow lengths & MA type, Signal (kept for completeness), Thrust MA length & type • Display/Visibility: Paint bars only when Diff > 0; show zero line; “true Blue” color toggle; show/hide Diff columns and Average Diff How to use: 1. Regime changes: Watch Diff% or Average Diff crossing 0. Above zero favors momentum/continuation setups; below zero suggests compression and potential breakout conditions. 2. State confirmation: During expansion (Diff > 0), prioritize Green/Red for aligned thrust; treat Yellow/Blue as cautionary/contrarian. 3. RSI on Diff: Use OB/OS and crossovers for timing entries/exits or for confirming/negating expansion strength. Alerts: • Diff crosses above/below 0 • Average Diff crosses above/below 0 • RSI(Diff) crosses above OB / below OS • State changes: GREEN / RED / YELLOW / BLUE Notes & limitations: • VWAP is session-anchored and best on intraday data. If not applicable on the selected calculation TF, the script automatically falls back to EMA. • Defaults (SMA(20) for BB/KC, multipliers 2.0, SMA(5) Average Diff, original trend coloring and bar painting) preserve the original appearance. • RSI on Diff is plotted in the same pane for a compact workflow; you can hide it or split into a separate indicator if desired. Release notes: v6.0 — Upgraded to Pine v6. Added multi-MA options (SMA/EMA/WMA/RMA/HMA/VWMA/VWAP), calculation timeframe, RSI on Diff (Built-in or Manual RMA) with smoothing, safe division guard, optional zero line, and optional true Blue color. Defaults retain the original behavior. License / disclaimer: © waranyu.trkm — MIT License. Educational use only; not financial advice.
Pine Script® indicator
by waranyutrkm
Penguin TrendMeasures the volatility regime by comparing the upper Bollinger Band to the upper Keltner Channel and colors bars with a lightweight trend state. Supports SMA/EMA/WMA/RMA/HMA/VWMA/VWAP and a selectable calculation timeframe. Default settings preserve the original look and behavior. Penguin Trend visualizes expansion vs. compression in price action by comparing two classic volatility envelopes. It computes: Diff% = (UpperBB − UpperKC) / UpperKC × 100 * Diff > 0: Bollinger Bands are wider than Keltner Channels -> expansion / momentum regime. * Diff < 0: BB narrower than KC -> compression / squeeze regime. A white “Average Difference” line smooths Diff% (default: SMA(5)) to help spot regime shifts. Trend coloring (kept from original): Bars are colored only when Diff > 0 to emphasize expansion phases. A lightweight trend engine defines four states using a fast/slow MA bias and a short “thrust” MA applied to ohlc4: * Green: Bullish bias and thrust > fast MA (healthy upside thrust). * Red: Bearish bias and thrust < fast MA (healthy downside thrust). * Yellow: Bullish bias but thrust ≤ fast MA (pullback/weakness). * Blue: Bearish bias but thrust ≥ fast MA (bear rally/short squeeze). Note: By default, Blue renders as Yellow to preserve the original visual style. Enable “Use true BLUE color” if you prefer Aqua for Blue. How it works (under the hood): * Bollinger Bands (BB): Basis = selected MA of src (default SMA(20)). Width = StdDev × Mult (default 2.0). * Keltner Channels (KC): Basis = selected MA of src (default SMA(20)). Width = ATR(kcATR) × Mult (defaults 20 and 2.0). * Diff%: Safe division guards against division-by-zero. * MA engine: You can choose SMA / EMA / WMA / RMA / HMA / VWMA / VWAP for BB/KC bases, Diff smoothing, and the trend components (VWAP is session-anchored). * Calculation timeframe: Set “Calculation timeframe” to compute all internals on a chosen TF via request.security() while viewing any chart TF. Inputs (key ones): * Calculation timeframe: Empty = use chart TF; if set (e.g., 60), all internals compute on that TF. * BB: Length, StdDev Mult, MA Type. * KC: Basis Length, ATR Length, Multiplier, MA Type. * Smoothing: Average Length & MA Type for the “Average Difference” line. * Trend Engine: Fast/Slow lengths & MA type; Signal (kept for completeness); Thrust length & MA type (defaults replicate original behavior). * Display: Paint bars only when Diff > 0; optional Zero line; optional true Blue color. How to use: 1. Regime changes: Watch Diff% or Average Diff crossing 0. Above zero favors momentum/continuation setups; below zero suggests compression and potential breakout conditions. 2. State confirmation: Use bar colors to qualify expansion: Green/Red indicate expansion aligned with trend thrust; Yellow/Blue flag weaker/contrarian thrust during expansion. 3. Multi-timeframe analysis: Run calculations on a higher TF (e.g., H1/H4) while trading a lower TF chart to smooth noise. Alerts: * Diff crosses above/below 0. * Average Diff crosses above/below 0. * State changes: GREEN / RED / YELLOW / BLUE. Notes & limitations: * VWAP is session-anchored and best on intraday data. If not applicable on the selected calculation TF, the script automatically falls back to EMA. * Default parameters (SMA(20) for BB/KC, multipliers 2.0, SMA(5) smoothing, trend logic and bar painting) preserve the original appearance. Release notes: v6.0 — Rewritten in Pine v6 with structured inputs and guards. Multi-MA support (SMA/EMA/WMA/RMA/HMA/VWMA/VWAP). Calculation timeframe via request.security() for multi-TF workflows. Safe division; optional zero line; optional true Blue color. Original visuals and behavior preserved by default. License / disclaimer: © waranyu.trkm — MIT License. Educational use only; not financial advice.
Pine Script® indicator
by waranyutrkm
SMA+MACD+RSI+Stoch Entry📌 Tools Used: • SMA 21, SMA 50, SMA 200 • MACD (12, 26, 9) • Pivot Point Standard • RSI (length 75) • Stochastic (14, 3, 3) Trading Timeframe: • Usable on all timeframes Chart Preparation: • Analyze the overall market trend and the instrument being traded • Set an appropriate timeframe according to the market • Apply SMA 21, SMA 50, SMA 200 • Apply MACD and Pivot Point Standard • Ensure a proper market trend by checking the position of SMA 21, SMA 50, and SMA 200 relative to each other If there are too many crossings between SMA 21, SMA 50, and SMA 200, do not enter any trades until the market trend stabilizes Conditions for Entering a Long Trade (Bullish Trigger): • Candle closes above the pivot line • Confirm an uptrend by checking that SMA 21 is above SMA 50, and SMA 50 is above SMA 200 • RSI is above the midpoint • Presence of a suitable corrective step with normal slope, considering the strength of the previous step • MACD histogram indicates bullish momentum • Stochastic shows a bullish crossover from below Conditions for Entering a Short Trade (Bearish Trigger): • Candle closes below the pivot line • Confirm a downtrend by checking that SMA 21 is below SMA 50, and SMA 50 is below SMA 200 • RSI is below the midpoint • Presence of a suitable corrective step with normal slope, considering the strength of the previous step • MACD histogram indicates bearish momentum • Stochastic shows a bearish crossover from above
Pine Script® indicator
by Daragolbon
2
FlowShift OscillatorFlowShift Oscillator Overview The FlowShift Oscillator is a sophisticated momentum indicator designed to capture short-term shifts in market strength, identify trend acceleration, and highlight potential reversals. Combining baseline trend analysis with normalized momentum displacement and volatility-adjusted thresholds, FlowShift provides traders with a responsive, adaptive, and visually intuitive tool suitable for multiple timeframes and asset classes. Whether used for intraday scalping or longer-term trend following, FlowShift helps traders make informed decisions with precision and confidence. Features Customizable Baseline Moving Average : Select from SMA, EMA, SMMA (RMA), WMA, or VWMA to define the underlying trend. Adjustable length allows for tuning to specific market conditions. Normalized Momentum Calculation : Measures price displacement relative to the baseline MA, removing minor fluctuations while preserving meaningful momentum shifts. Volatility-Adjusted Thresholds : Dynamic upper and lower bounds adapt to market volatility, helping identify overextended bullish or bearish conditions. Optional Signal Markers : Buy/Sell triangles indicate potential turning points when momentum reaches critical levels, aiding trade timing and decision-making. Visual Enhancements : Customizable area fills, line colors, and optional candle tinting allow traders to quickly interpret momentum, bias, and trend direction. Flexible Timeframe Compatibility : Effective across all timeframes, from 1-minute intraday charts to daily and weekly analysis. How It Works FlowShift calculates the displacement of price from a baseline moving average to identify deviations from the prevailing trend. This displacement is normalized and smoothed using exponential moving averages, producing a clean oscillator line that highlights genuine momentum changes. The oscillator’s dynamic thresholds are determined by a percentile of recent absolute values, providing an adaptive reference for extreme conditions in both bullish and bearish markets. Signals Buy Signal : Triggered when the oscillator crosses above prior lows in an oversold region, suggesting potential upward momentum. Sell Signal : Triggered when the oscillator crosses below prior highs in an overbought region, indicating potential downward momentum. Signals are optional and can be displayed as triangles on the chart to clearly mark potential entry and exit points. Visual Interpretation FlowShift Line & Area : The oscillator line and area highlight momentum direction and intensity. Upward momentum is shown in green tones, downward momentum in red. Baseline MA & Glow : Displays the selected baseline moving average with optional glow for trend reference. Candle Tinting : Optionally tints bars based on the baseline MA bias, providing an at-a-glance view of market sentiment. Usage Notes FlowShift is best used in conjunction with other trend confirmation tools or support/resistance analysis. Dynamic thresholds help identify potential reversal points, but traders should consider overall market context and not rely solely on signals. Customize the baseline MA type and length to fit your trading style; shorter lengths increase sensitivity, while longer lengths provide smoother trend representation. Use the optional signal markers as guidance for trade timing, combining with risk management strategies for optimal results. Conclusion FlowShift Oscillator delivers a powerful, adaptive, and visually intuitive approach to momentum analysis. By combining baseline trend assessment, normalized momentum, and dynamic volatility scaling, it enables traders to anticipate market shifts, spot trend accelerations, and make timely trading decisions across a wide range of markets and timeframes.
Pine Script® indicator
by BOSWaves
Capiba Custom RSI with Divergences v2 🇬🇧 English Summary This indicator is an enhanced and customizable version of the classic RSI, designed to provide clearer and more powerful trading signals. It combines an alternative, more price-sensitive RSI calculation with an automatic divergence detection, which is one of the most effective tools for predicting trend reversals and finding high-probability entry and exit points. Built upon the compilation of knowledge and open-source codes from the community, this script has been refined to be an all-in-one tool for traders who base their strategies on momentum and trend exhaustion. Key Features and How to Use Ultimate RSI and Signal Line (Momentum) What it is: The main indicator (white line) is an RSI variation that reacts more dynamically to changes in price volatility. It is accompanied by a signal line (orange, by default), which is a moving average of the RSI itself, serving to smooth the indicator and generate crossover signals. How to use for Entries/Exits: Buy Signal (Short-Term): Crossover of the RSI line (white) above the signal line (orange). Sell Signal (Short-Term): Crossover of the RSI line (white) below the signal line (orange). These are momentum signals, ideal for confirming a trend or for scalping. Automatic Divergence Detection (Reversal Signals) This is the most powerful feature of the indicator. A divergence occurs when the price moves in one direction and the momentum indicator moves in the opposite direction, signaling a likely exhaustion of the current trend. Bullish Divergence (Green Line): What it is: The price makes a lower low, but the RSI makes a higher low. Meaning: Selling pressure is decreasing. It is a strong signal of a potential market bottom and an excellent entry opportunity for a long position. Bearish Divergence (Red Line): What it is: The price makes a higher high, but the RSI makes a lower high. Meaning: Buying pressure is losing strength. It is a strong signal of a potential market top and an excellent exit opportunity for a long position or an entry for a short position. Customizable Overbought & Oversold Levels The horizontal lines (default 80 and 20) and the colored areas show when the asset is overextended to the upside (overbought) or downside (oversold), helping to contextualize the divergence and crossover signals. Recommended Strategy For maximum effectiveness, combine the signals: High-Probability Entry (Buy): Look for a Bullish Divergence (green line) forming in the oversold zone. Confirm the entry when the RSI line crosses above its signal line. High-Probability Exit (Sell): Look for a Bearish Divergence (red line) forming in the overbought zone. Confirm the exit or new short entry when the RSI line crosses below its signal line. Acknowledgements This indicator was developed by compiling and customizing excellent open-source ideas and codes shared by the TradingView community. Special thanks to everyone who contributes to the advancement of technical analysis.
Pine Script® indicator
by guilhermecapiba
Capiba Ultimate Suite (RSI, MA Cloud & Volatility) 🇬🇧 English Summary This indicator, Capiba Ultimate Suite, is a powerful compilation of various open-source technical analysis tools, refined and integrated into a single, cohesive, and functional package. The goal is to provide a complete system with clear entry and exit signals, ideal for traders operating in trending and volatile markets. The combination of a custom momentum oscillator (Ultimate RSI), a moving average cloud for trend definition, and a volatility oscillator for range analysis transforms this script into a true trading suite. Disclaimer: This indicator is most effective in markets with a defined trend (bullish or bearish) and may generate less reliable signals during periods of strong consolidation. Components and How to Use Ultimate RSI with Crossover Signals (Entries and Exits) What it is: A variation of the classic RSI, designed to be more reactive to price movements. Entry Signals (Buy): A green arrow (▲) appears below the candle when the Ultimate RSI line crosses above its momentum line (EMA). This is a signal of a potential start of an upward move. Exit Signals (Sell): A red arrow (▼) appears above the candle when the Ultimate RSI crosses below its momentum line. This is a signal of potential weakening or trend reversal. Moving Average Cloud (Trend Filter) What it is: A cloud formed by the space between a short-term moving average (default 55) and a long-term one (default 233). How to use for signal validation: Uptrend: When the cloud is green (Short MA > Long MA), buy signals (▲) are strengthened. Sell signals can be seen as partial profit-taking. Downtrend: When the cloud is red (Short MA < Long MA), sell signals (▼) are strengthened. Buy signals should be treated with extreme caution as they are against the main trend. Candle Coloring (Quick Momentum Reading) Lime Green: Strong bullish momentum (RSI > 50 and above its EMA). Red: Strong bearish momentum (RSI < 50 and below its EMA). Blue: Overbought level reached. Yellow: Oversold level reached. Volatility Ruler (Breakout Analysis) What it is: The green (high) and red (low) lines mark the range of the last 'N' candles. The Vol: X.XX label on the right measures the current volatility against its historical average. How to use: Vol < 1.00: Contracting volatility ("Squeeze"). The market is "coiling the spring." Watch for an impending breakout of the range lines. Vol > 1.00: Expanding volatility. Confirms the strength of a breakout that has already occurred. Very high values may indicate exhaustion. Use the ruler to identify false breakouts: a candle closing outside the line but with a very low Vol value is more likely to be a false signal. Acknowledgements This indicator is the result of compiling and adapting open-source concepts and codes available in the TradingView community. Thanks to all the developers who share their knowledge. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Pine Script® indicator
by guilhermecapiba
RRG Relative Strength# RRG Relative Strength (RRG RS) Compare any symbol to a benchmark using two RRG-style lines: **RS-Ratio** (trend of relative strength) and **RS-Momentum** (momentum of that trend). Both are centered at **100**: - **RS-Ratio > 100** → outperforming the benchmark - **RS-Ratio < 100** → underperforming - **RS-Momentum** often **leads** RS-Ratio (crosses 100 earlier) # How it works 1) Relative Strength (RS): RS = Close(symbol) / Close(benchmark) 2) Normalize around 100: smooth RS with EMA and divide RS by that EMA 3) RS-Ratio: EMA( RS / EMA(RS, Length), LenSmooth ) * 100 4) RS-Momentum: RS-Ratio / EMA(RS-Ratio, LenSmooth) * 100 # Inputs - Length (default 14): normalization window for RS - Length Smooth (default 20): smoothing window for RS-Ratio & RS-Momentum # Benchmark (auto) - US: SP:SPX (S&P 500) - Vietnam: HOSE:VNINDEX - Crypto: INDEX:BTCUSD (Modify the mapping if needed, or replace with your own input.symbol().) # How to read - Improving: RS-Momentum crosses above 100 while RS-Ratio turns up - Leading: RS-Ratio > 100 with RS-Momentum ≥ 100 - Weakening: RS-Momentum drops below 100; RS-Ratio often follows # Timeframes & presets - Works on Daily and Weekly charts - Daily (fast): 14 / 20 - Approx. weekly behavior on Daily: 50 / 60 Note: Values usually hover near 100 (e.g., ~90–110) but are not strictly bounded. Ensure your symbol and benchmark trade in comparable sessions/currencies.
Pine Script® indicator
by huynhphan89
2