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Gold vs USD Strength Oscillator THE FIRST IN THE WORLD ๐Ÿ”ถ Gold vs USD Strength Oscillator Institutional Cross-Market Strength Model This tool measures the relative internal strength of Gold versus the U.S. Dollar using a composite currency framework rather than a single USD pair. Instead of relying on DXY alone, it builds a custom-weighted USD strength index from the major currency flows that actually move the dollar. โธป ๐Ÿง  What It Actually Does 1๏ธโƒฃ Builds a Real USD Strength Model (Composite Index) The script pulls live price data from: โ€ข EURUSD โ€ข USDJPY โ€ข GBPUSD โ€ข USDCAD โ€ข AUDUSD โ€ข USDCHF โ€ข NZDUSD Each pair is weighted institutionally: โ€ข EUR (30%) โ€ข JPY (20%) โ€ข GBP (15%) โ€ข CAD (10%) โ€ข AUD (10%) โ€ข CHF (7.5%) โ€ข NZD (7.5%) Pairs quoted as XXXUSD are inverted internally so USD strength increases correctly when those pairs fall. This creates a synthetic USD index that reflects true global dollar demand โ€” not just one futures contract. โธป 2๏ธโƒฃ Converts Raw Price Into Strength Momentum Both: โ€ข The composite USD index โ€ข Gold (XAUUSD) are transformed into momentum strength curves using a smoothing algorithm over your selected Strength Length (default 21). This normalizes price movement into a clean 0โ€“100 strength scale. Result: โ€ข Black Line โ†’ Gold Strength โ€ข Lime Line โ†’ USD Composite Strength You are no longer watching price. You are watching momentum dominance flow. โธป 3๏ธโƒฃ The Cross Logic (Quant Momentum Trigger) Signals are not random. They are generated when Gold Strength crosses the USD Strength curve. โ€ข BUY โ†’ Gold strength crosses ABOVE USD strength โ€ข SELL โ†’ Gold strength crosses BELOW USD strength This is a relative strength momentum shift, not a price crossover. And by default, signals confirm only on candle close to eliminate noise. โธป ๐Ÿ“Š What the Levels Mean โ€ข 50 โ†’ Equilibrium (neutral dominance zone) โ€ข 66 โ†’ Expansion / Overextension zone โ€ข 34 โ†’ Compression / Exhaustion zone These levels help identify: โ€ข Momentum acceleration โ€ข Potential overbought conditions โ€ข Potential oversold conditions โ€ข Cross-market imbalance extremes โธป ๐ŸŽฏ Why This Is Powerful Most traders watch Gold price alone. Institutions watch: โ€ข Gold โ€ข Dollar liquidity โ€ข Cross-currency demand โ€ข Global macro flow This indicator replicates that concept in one pane. Instead of guessing direction, you see: โ€ข When gold is internally gaining strength โ€ข When dollar demand is overpowering โ€ข When momentum shifts are occurring โ€ข When divergence between the two begins Itโ€™s essentially a flow battle monitor between real assets and reserve currency pressure. โธป ๐Ÿ› Institutional & Quant Angle Under the hood: โ€ข Multi-asset composite modeling โ€ข Weighted currency exposure โ€ข Momentum normalization โ€ข Relative dominance crossover logic โ€ข Confirmation filtering on close โ€ข Zero lookahead bias This makes it: โ€ข Broker neutral โ€ข Timeframe adaptive โ€ข Non-repainting โ€ข Cross-market aware โธป ๐Ÿงฉ Who This Is For โ€ข Gold scalpers โ€ข Intraday momentum traders โ€ข Swing traders tracking USD flow โ€ข Macro traders monitoring dollar rotation โ€ข Anyone trading XAUUSD seriously โธป ๐Ÿ In Simple Terms This tool shows: โ€œWho is stronger right now โ€” Gold or the Dollar?โ€ And it tells you when that strength flips.
Pine Scriptยฎ indicator
by mikechillz
1
Institutional Order Flow Strength Classifier [LuxAlgo]The Institutional Order Flow Strength Classifier tool identifies and ranks unmitigated order blocks by analyzing the institutional intensity behind market structure breaks. It provides a percentage-based strength score for each zone, helping traders distinguish between minor price stalls and significant institutional supply/resistance areas. ๐Ÿ”ถ USAGE The indicator automatically detects Order Blocks (OBs) formed during Market Structure Breaks (BOS). Unlike traditional OB tools that highlight every pivot, this script focuses on the "Institutional Footprint"โ€”the specific area where big players positioned themselves before a significant move. ๐Ÿ”น Interpreting Strength (%) The strength score (0-100%) indicates the level of institutional participation during the zone's creation. High Strength (>70%): Indicates massive displacement and high relative volume. These zones are high-probability areas for limit order entries as they represent significant "unfilled" interest. Medium Strength (40-70%): Indicates standard trend continuation zones, often useful for stop-loss placement or scaling into positions. Low Strength (<40%): Indicates zones with weak follow-through. These are often treated as "internal liquidity" and may be swept or ignored by price rather than providing a bounce. ๐Ÿ”น Zonal Overlap Filtering To prevent chart clutter, the script features an advanced "Zonal Overlap" system. If multiple Order Blocks are created within the same price range, the indicator can hide the redundant zones, ensuring that only the most relevant level is visible. This helps traders focus on "confluence zones" where multiple institutional orders may be clustered. ๐Ÿ”น Strongest OB Tracking The script includes a dynamic "Strongest OB" plot. This is a continuous filled background area that tracks the zone with the highest strength percentage within the user-defined buffer. While individual OBs are shown as dashed boxes, this solid plot highlights the single most significant institutional level currently influencing the market. ๐Ÿ”ถ DETAILS The philosophy behind this script is that "not all Order Blocks are created equal." To classify them, the script uses a dual-metric weighted calculation: Displacement (60% weight): This measures the "expansion" or the distance price moved away from the OB relative to its size. A large move indicates a high imbalance between buyers and sellers, suggesting institutional urgency. Relative Volume (40% weight): This compares the volume of the candle that formed the OB to its 20-period average. High volume confirms that the move was backed by significant capital rather than low-liquidity volatility. The script identifies the OB by searching for the last opposite-colored candle (the "Institutional Footprint") before a break of a Pivot High or Pivot Low. Once price crosses the extreme side of the box (the bottom for bullish OBs or top for bearish OBs), the zone is marked as "mitigated" and removed from the display. ๐Ÿ”ถ SETTINGS ๐Ÿ”น Order Block Settings Pivot Lookback: The number of bars required to confirm a pivot high or low used for market structure detection. Max Unmitigated OBs: The maximum number of active zones displayed on the chart at once. ๐Ÿ”น Visualization Bullish/Bearish OB Color: Sets the fill color for the detected Order Block boxes. Hide Overlapped Zones: When enabled, prevents multiple boxes from stacking in the same price area, showing only the most relevant one. Show Strength Labels: Toggles the percentage labels on the right side of the boxes. Show Strongest OB Plot: Enables the continuous filled background plot for the zone with the highest strength score. Strongest OB Buffer Size: Determines how many recent unmitigated zones the script should look through to find the strongest one.
Pine Scriptยฎ indicator
by LuxAlgo
3
Hidden Relative Strength [ST]**Hidden Relative Strength ** is a professional Relative Strength indicator inspired by institutional trading logic (SMB Capital concepts). It is designed to uncover "Hidden Accumulation" by comparing a stock's performance against a benchmark (SPY/QQQ), but with a crucial mathematical twist: **ATR Normalization**. ### ๐Ÿงฉ The Problem with Standard RS Most Relative Strength indicators simply divide Stock Price by Index Price (`Stock / SPY`). * **The Flaw:** High-beta stocks (like TSLA or NVDA) are naturally more volatile. In a standard ratio chart, this volatility is often mistaken for strength, generating false signals just because the stock moves faster than the index. ### ๐Ÿ’ก The Solution: ATR Normalization This indicator levels the playing field by normalizing price movement based on volatility. * It calculates how many "ATRs" the stock moved versus how many "ATRs" the benchmark moved. * **Formula:** `(Stock Change / Stock ATR) - (Benchmark Change / Benchmark ATR)` * The result is accumulated into a single Dark Blue trend line. ### ๐Ÿ“š How to Use (The "Down Day" Scanner) This tool shines when the broad market is weak. 1. **Market Sell-Off:** Look for days when the SPY/QQQ is dropping (Red Day). 2. **Divergence:** If the **Hidden RS ** line is rising or holding flat while the market drops, it reveals a hidden institutional bid. 3. **Action:** Add these stocks to your priority watchlist. They are often the first to explode higher once market pressure lifts. ### โš™๏ธ Standardization * **Fast Reaction:** Uses a default 5-period ATR (Simple Moving Average) to capture shifts quickly, matching the SMB "Fast" logic. * **Visuals:** Features a clean Dark Blue line with an optimized Y-axis scale (10x multiplier) for easy reading of daily changes. * **Benchmark:** Defaults to **QQQ** (Nasdaq), but can be changed to SPY or IWM in settings. --- *Disclaimer: This tool is for educational purposes and technical analysis assistance only. Always manage your risk.*
Pine Scriptยฎ indicator
by impressive_Storkj9gr3
NQ 1M Direction Strength Meter (Bull + Bear) [v6]NQ 1M Direction Strength Meter (Bull + Bear) By: StanTheTradingMan License: Mozilla Public License 2.0 (MPL-2.0) Overview NQ 1M Direction Strength Meter is a compact, real-time bull vs bear strength engine designed to answer one question clearly: โ€œWho is in control right now โ€” buyers or sellers โ€” and how strong is that control?โ€ Instead of printing noisy buy/sell spam, this tool continuously scores Bull Strength and Bear Strength on a 0โ€“100 scale , then displays a Net (Bull โˆ’ Bear) histogram for quick bias confirmation. Itโ€™s tuned for NQ 1-minute action but works on any symbol/timeframe. What You Get โœ… Bull Strength (0โ€“100) line โœ… Bear Strength (0โ€“100) line โœ… Net histogram = Bull โˆ’ Bear (dominance / bias) โœ… Optional background tint when bull/bear becomes โ€œstrongโ€ โœ… Flip triangles + alerts when strength crosses the โ€œStrongโ€ threshold โœ… Optional RTH-only scoring (0930โ€“1600) to reduce overnight noise How the Score Works (Simple + Transparent) Each side (bull/bear) is built from five components, blended into a single 0โ€“100 score: Directional Slope (ATR-normalized) Uses EMA slope strength and maps it smoothly (no harsh jumps). Bull score rises when slope is positive; Bear score rises when slope is negative. Level / Trend Alignment Bull points for: above VWAP (optional), above EMA mid, bullish EMA stack (fast โ‰ฅ mid โ‰ฅ slow) Bear points for: below VWAP (optional), below EMA mid, bearish EMA stack (fast โ‰ค mid โ‰ค slow) Volume Participation (shared) Scores higher when current volume meaningfully exceeds its moving average. Helps avoid โ€œweak movesโ€ that drift without participation. Pullback Quality (directional) Bull prefers shallow pullbacks from recent highs. Bear prefers shallow bounces from recent lows. Uses ATR to standardize โ€œhow badโ€ a counter-move is. Momentum (RSI fast) Bull benefits from higher RSI, Bear benefits from lower RSI (fast reaction). Default weighting (blended): Slope 32% โ€ข Volume 26% โ€ข Pullback Quality 18% โ€ข Level/Stack 16% โ€ข RSI 8% How to Use It (Practical Read) Think of it like a โ€œdirectional engine gauge,โ€ not a stand-alone entry system. Bull-favoring conditions: Bull Strength climbs and holds above 50 Bull Strength pushes above 70 (Strong) Bear Strength stays suppressed (often below 50 ) Net histogram positive and expanding Bear-favoring conditions: Bear Strength climbs and holds above 50 Bear Strength pushes above 70 (Strong) Bull Strength stays suppressed Net histogram negative and expanding Chop / no-trade warning: Bull and Bear both hovering near mid-range (around 40โ€“60) Net histogram flipping frequently Strong threshold rarely holds after being crossed Signals & Alerts This script includes two clean โ€œstate changeโ€ triggers: Bull turns STRONG when Bull Strength crosses above the Strong Threshold (default 70) Bear turns STRONG when Bear Strength crosses above the Strong Threshold (default 70) You can create TradingView alerts using: โ€œBULL STRONGโ€ โ€œBEAR STRONGโ€ These are intended as momentum/confirmation notifications , not guaranteed entries. Recommended Settings (for NQ 1M) Defaults are already tuned for fast index futures behavior: EMA Fast/Mid/Slow: 8 / 21 / 50 RSI Length: 7 (fast) ATR: 14 Volume MA: 20 Lookback (pullback quality): 60 Smoothing: 5 Strong Threshold: 70 Weak Threshold: 50 VWAP scoring: ON (recommended intraday) RTH filter: ON if you want cleaner signal integrity (less overnight noise) Notes / Limitations This is a strength meter, not a full strategy. Use it alongside structure (levels, VWAP, OR, liquidity, etc.). Volume behavior varies by market/session; RTH filtering can dramatically improve signal quality for index futures. Like any oscillator-style tool, it can lag slightly due to smoothingโ€”this is intentional to reduce flicker and false flips. Disclaimer This indicator is for educational and informational purposes only and does not constitute financial advice. Trading involves substantial risk, and you are responsible for your own decisions, risk management, and execution.
Pine Scriptยฎ indicator
by StanTheTradingMan
Gaussian Regression Wave | Lyro RSOverview Gaussian Regression Wave is a momentum and structure-based market analysis indicator designed to visualize trend direction, strength, exhaustion, and regime behavior within a single oscillator-style framework. It operates in a dedicated pane and transforms price action into a smooth, interpretable wave that adapts to volatility and market conditions. The indicator is built to help traders understand how price is behaving relative to its recent structure rather than reacting to raw price movement alone. Originality Gaussian Regression Wave stands out by combining regression-based smoothing, adaptive volatility context, and multi-mode interpretation into one cohesive system. Instead of relying on fixed oscillators or static thresholds, it dynamically adjusts its internal structure to changing market conditions. Its originality lies in how multiple analytical layers are unified into a single visual wave that can be interpreted differently depending on the selected mode, without overwhelming the user with multiple indicators. This design allows the same tool to function as a trend guide, momentum strength gauge, reversal awareness tool, and regime classifier. Purpose The purpose of Gaussian Regression Wave is to help traders identify directional bias, measure momentum quality, and recognize when market behavior shifts between trending and mean-reverting environments. It was created to offer clarity in situations where price alone may appear noisy or misleading. The indicator can be used across all markets and timeframes, with higher timeframes typically providing more stable regime context and lower timeframes offering more reactive momentum signals. It is suitable for trend-following strategies, momentum-based trade management, and contextual filtering for entries taken from other tools. How to use Gaussian Regression Wave is not a single-purpose signal generator but a contextual analysis tool. Traders choose a mode depending on their objective. In trend mode, the wave highlights directional bias and helps align trades with prevailing structure. In strength mode, it reflects whether momentum is expanding or contracting. In reversal mode, it highlights stretched conditions where continuation becomes less likely. The indicator can be used on its own for directional bias or combined with price-based entries for confirmation. It is best used as a decision-support tool rather than a standalone entry trigger. Features Source selection allows the indicator to adapt calculations to different price references, making it flexible for various trading styles. Linear regression length controls how much historical data influences the core wave behavior, balancing responsiveness and stability. Moving average type selection lets users customize how the regression output is smoothed, adapting the visual behavior to different market conditions without changing the underlying concept. Gaussian smoothing parameters control how aggressively noise is reduced, allowing the wave to remain smooth while still responding to meaningful price movement. Volatility adaptation integrates changing market conditions into the wave structure, helping prevent overreaction during high volatility and underreaction during quiet periods. Standard deviation bands provide dynamic boundaries that help contextualize whether the wave is operating within normal conditions or reaching statistically stretched zones. Multiple interpretation modes allow the same data to be viewed through different lenses, depending on whether the trader is focused on trend direction, momentum strength, or reversal risk. Heikin Ashi visualization option offers an alternative representation that emphasizes structural movement over short-term noise. Take profit markers highlight areas where momentum expansion or exhaustion may warrant trade management attention rather than new entries. Regime detection feature classifies market behavior into trending or mean-reverting environments, helping traders adapt strategy expectations accordingly. Custom color palettes and manual color overrides allow full visual customization without altering analytical behavior. On-chart module table summarizes the current state across all modes, giving a concise snapshot of trend, strength, reversal condition, and regime status. Modes Trend mode focuses on directional bias and is best used for aligning trades with the dominant market direction. Strength mode emphasizes momentum expansion and contraction, helping traders judge continuation quality. Reversals mode highlights stretched conditions where momentum may be exhausted and risk increases. Methodology Gaussian Regression Wave operates on a layered analytical framework that transforms price into a smoothed momentum wave while embedding volatility awareness and contextual boundaries. Rather than reacting to single events, it evaluates how price behaves relative to its recent structure and statistical environment. Core framework principles include: Smoothed regression-based transformation of price movement Volatility-aware normalization to adapt across conditions Statistical boundary context to identify extensions and compression Mode-dependent interpretation of the same underlying wave Regime classification to distinguish trending from reverting behavior This approach works because it prioritizes structural consistency and context over raw price fluctuations. Conclusion Gaussian Regression Wave is a flexible market analysis indicator designed to help traders understand trend direction, momentum quality, exhaustion risk, and regime behavior from a single, adaptive wave. By combining smoothing, volatility awareness, and multi-mode interpretation, it provides a structured way to read market conditions without relying on multiple disconnected tools. It is best suited for traders who value context, adaptability, and clarity over reactive signals. โš ๏ธ Disclaimer This indicator is a technical analysis tool and does not guarantee results. It should be used in conjunction with additional analysis methods and proper risk management strategies. The creators of this indicator are not responsible for any financial decisions made based on its signals.
Pine Scriptยฎ indicator
by LyroRS
VWAP Slope (instantaneous and cumulative, includes percentiles)VWAP Slope shows how VWAP is moving right now and how that movement is building throughout the session. The indicator has two modes: Instantaneous: slope tracks short-term VWAP momentum using a smoothed, ATR-normalized slope, and only turns on once thereโ€™s enough data in the current session (no overnight weirdness). Cumulative: slope adds up valid VWAP slope over the day, resetting each session and normalizing for time-of-day behavior so you can see whether VWAP pressure is meaningfully building or fading. You can view both as raw values or as percentile strength levels, making it easy to spot when VWAP trends are unusually strong, weak, or just noise compared to recent days.
Pine Scriptยฎ indicator
by Self_Made_Man
OCTOPUS-Advanced Market Scanner [v24.6]OCTOPUS โ€” Advanced Crypto Market Scanner Overview OCTOPUS is a professional-grade multi-asset momentum and relative strength scanner specifically engineered for the high-velocity Cryptocurrency Market. By scanning 15 of the most liquid crypto assets simultaneously, it identifies institutional participation, capital rotation, and high-probability breakout setups in real-time. Unlike standard lagging indicators, OCTOPUS utilizes a multi-layered evaluation system to rank coins based on volume surges, alpha generation (RS), and localized volatility contraction. Core Logic & Scoring Engine The indicator processes real-time data through a sophisticated evaluation framework (Core Engine v7), assigning a "Score" (0โ€“5) to each asset. This comprehensive scoring engine evaluates the crypto market through four primary lenses: Volume Velocity: Compares current volume against a 20-period SMA. It captures the "Institutional Footprint" when volume significantly exceeds the user-defined Volume Multiplier. Impulse Sensitivity: Monitors price change percentage. It filters out market noise and highlights assets entering a "State of Trend." Relative Strength (RS ฮ”): Essential for crypto trading, this calculates the "Alpha" of each coin by comparing its performance against a Macro Proxy (e.g., BTC, HBAR, or a Custom Ticker). This highlights which altcoins are leading the market during Bitcoin's movements. Institutional Pockets: A volatility-contraction algorithm that identifies "coiling" phases where the price range narrows significantly despite high volume profile. These zones are critical for identifying "Spring" or "Shakeout" maneuvers before explosive moves. Key Features Dynamic Horizontal HUD: A real-time, auto-sorting dashboard located at the bottom of the interface. The scanner utilizes a sorting algorithm that prioritizes assets with the highest institutional scoring, automatically placing market leaders at the beginning of the list (left-most columns) for immediate identification. Macro Proxy Benchmark: Allows users to select a market benchmark (BTC, HBAR, etc.). This ensures RS calculations remain accurate during different market regimes (e.g., Altseason vs. Bitcoin Dominance). Advanced State Classification: L-LEAD / S-LEAD: Peak momentum with heavy volume confirmation (Top 1% of moves). IMPULSE UP/DOWN: Strong directional trend currently active. READY ZONE: Asset is in a "Pocket" (volatility contraction), indicating a potential breakout is imminent. Optimized Alerts: Integrated alert logic triggered only on confirmed bar closes for assets reaching the highest confidence score (Score 5). How to Use Asset Selection: Focus on assets appearing on the left side of the HUD. These are your market leaders with the highest scoring (4โ€“5). Anticipation: Monitor the "READY ZONE" status to identify coins that are consolidating and accumulating strength before a major expansion. Refinement: Adjust Impulse Sensitivity based on market conditions (lower for Scalping, higher for Swing trading on 4H/Daily timeframes). Technical Transparency & Performance This script is engineered for peak efficiency and strictly adheres to the TradingView No-Repaint policy. All request.security calls are executed with lookahead = barmerge.lookahead_off. The scanner is carefully optimized to stay within platform limits while providing comprehensive coverage of the crypto universe. Disclaimer: This tool is for educational and analytical purposes only. Trading cryptocurrencies involves significant risk, and past performance is not indicative of future results.
Pine Scriptยฎ indicator
by TheHarmonySystems
4
Crypto ADX Scanner Purpose Crypto ADX Scanner helps traders quickly identify which selected assets are currently trending strongly. It scans multiple symbols at once and ranks them by ADX (Average Directional Index) strength. What This Indicator Does Monitors up to 20 user-selected assets Calculates ADX for each asset on the current chart timeframe Filters assets where ADX โ‰ฅ threshold Sorts qualifying assets from strongest to weakest trend Displays results in a table overlay How to Use Add the indicator to any chart. Set your Asset 1โ€“20 symbols. Adjust ADX Threshold to control how strict โ€œstrong trendโ€ is. Focus on the top assets in the table โ€” these have the strongest trends right now. Apply your own entry strategy on the shortlisted assets. Key Settings ADX Threshold (default 25) Higher = only strong trends Lower = earlier trend detection ADX Length / Smoothing Controls responsiveness vs smoothness of trend strength How to Interpret ADX ADX measures trend strength only, not direction Higher ADX = stronger trend (bullish or bearish) Direction should be confirmed with price structure or other indicators Best Use Case Market scanning Watchlist filtering Identifying trend-friendly assets Avoiding choppy or low-momentum markets Notes Works on any timeframe Table updates automatically on the latest bar Designed as a trend-strength filter, not a buy/sell signal
Pine Scriptยฎ indicator
by RiskManagementInvestor
RSI [Hash Capital Research]RSI is a visually enhanced momentum indicator built on the classic Relative Strength Index. This version expands RSI into a more flexible analytical tool through smoothing options, adaptive zone-based coloring, optional signal line overlays, and divergence detection. It is designed as a context-building indicator, not a standalone entry system. What This Indicator Does This script calculates a smoothed RSI using user-defined parameters and then provides multiple optional enhancements: 1. Adaptive RSI Visualization The core RSI is plotted with: Zone-based color changes (neutral, oversold, overbought) Optional glow effects to emphasize extreme conditions User-defined color intensity and midline visibility The goal is to provide clearer visual segmentation of trend strength and momentum behavior. 2. Custom Smoothing & Signal Line Options The indicator allows: Multi-layer smoothing for RSI stability An optional signal line using the traderโ€™s preferred moving-average method (SMA, EMA, SMMA/RMA, WMA, VWMA) This helps operators examine whether momentum is accelerating or stabilizing relative to its mean. 3. Overbought/Oversold Tools User-defined thresholds determine: Highlighted zones Optional markers for extreme reversals (based on RSI + momentum + velocity criteria) Midline (50) cross highlights for trend-bias transitions These features help contextualize where the RSI sits relative to broader momentum regimes. 4. Divergence Detection (Optional) When enabled, the script scans for regular bullish and bearish divergences using pivot-based structure. It compares: Price making lower lows vs RSI making higher lows (bullish) Price making higher highs vs RSI making lower highs (bearish) Detected divergences are plotted on the RSI panel with visual labels. This detection uses pivot lookbacks and range limits defined by the user. 5. Alerts The indicator provides optional alerts for: Extreme reversals Overbought/oversold momentum shifts Midline (50) crossovers Bullish / bearish divergences Alerts are intended for monitoring, not for automated execution. How to Use It This RSI modification is intended to support broader analysis workflows, including: Identifying regime shifts using midline crosses Monitoring momentum structure across trend phases Highlighting oversold or overbought clustering Adding a visual signal line to interpret momentum smoothing Spotting divergence between price and RSI As with all indicators, this tool should be used as one component of a complete analysis framework. What Makes This Version Distinct This script maintains the core behavior of RSI but introduces: A multi-layer smoothing system Adaptive colors calibrated to oversold/neutral/overbought zones Optional glow visualizations A modular signal-line engine with multiple MA types Configurable divergence detection with visual labels Multiple marker placement modes for extreme conditions These features expand RSIโ€™s readability while keeping its underlying logic transparent and consistent with common operator workflows. Important Notes This is an indicator, not a strategy. It does not execute trades or calculate performance metrics. The visual enhancements are designed to improve clarity, not to generate automated โ€œbuyโ€ or โ€œsellโ€ systems. Divergence detection is optional because divergence is inherently contextual and may not apply equally across all markets or timeframes.
Pine Scriptยฎ indicator
by Hash_Capital
2
StO Price Action - Impulse CandleShort Summary - Highlights impulse candles based on relative momentum - Compares current or previous closed candles against prior price movement - Uses a configurable momentum factor to filter significant impulses - Designed to make strong directional candles visually stand out Full Description Overview - Identifies impulse candles with strong momentum - Focuses on candle-to-candle expansion rather than trend or structure - Intended to visually emphasize moments of acceleration in price - Works as a complementary tool to price action and volatility analysis Impulse Candle Logic - Impulse candles are detected by comparing the current candle range to previous candles - A candle is considered an impulse when its range exceeds prior movement by a defined factor - The comparison basis can be (current forming Candle, previous fully closed Candle) Momentum Factor - The momentum factor defines how much stronger a candle must be compared to earlier candles - Higher values filter out smaller moves and highlight only extreme impulses - Lower values allow more frequent impulse detection - Helps adapt the indicator to different instruments and volatility regimes Range Calculation - Two range calculation modes are available: - Open / Close (Body range): - Measures body-based momentum - Focuses on directional conviction - High / Low (Candle range): - Measures full volatility expansion - Includes wicks and intrabar extremes Visualization - Impulse candles are highlighted using a customizable bar color - Designed to remain minimal and unobtrusive Alerts - Optional alert can be enabled after detected impulse candles - Useful for monitoring momentum shifts without constant screen time Usage - Suitable for breakout detection and momentum confirmation - Helps identify volatility expansion phases - Can be used for entry timing or trade management Notes - This indicator does not predict direction on its own - Impulse candles may occur in both trending and ranging markets - Best used in combination with structure, levels or higher-timeframe context - Momentum thresholds should be adjusted per market and timeframe
Pine Scriptยฎ indicator
by sto_svc
RS Score (1-100) vs NQ/ES/YM - TP# RS Score (1โ€“100) vs NQ/ES/YM โ€” How to Use & Interpret ## What this indicator is doing It gives you a **single score from 1 to 100** that tells you whether a stock is acting like a **leader** or a **laggard** compared to the **overall U.S. market** (Nasdaq + S&P + Dow), using about **1 year of data**. --- ## The core idea: โ€œIs this stock beating the market?โ€ This script compares your stock to a blended benchmark of: * **Nasdaq futures (NQ)** * **S&P futures (ES)** * **Dow futures (YM)** ### Why that matters A stock can be going up, but if the market is going up faster, the stock is **not a leader**. This tool answers: * โ€œIs this stock outperforming the big market?โ€ * โ€œIs it doing it consistently, or is it just wild and noisy?โ€ --- ## What the 1โ€“100 score means Think of **50** as the โ€œmiddle line.โ€ ### The most important rule * **Above 50 = outperforming the market blend** * **Below 50 = underperforming** * **Around 50 = roughly market-like** ### Easy interpretation bands * **80โ€“100 (Strong Leader):** stock is outperforming the market clearly and consistently * **60โ€“80 (Healthy):** generally outperforming, decent leadership * **45โ€“60 (Neutral-ish):** not special, close to market performance * **30โ€“45 (Weak):** lagging the market * **1โ€“30 (Very Weak):** strong underperformance **Think โ€œleaders live above 50,โ€ and โ€œreal leaders tend to stay 70+.โ€** --- ## Why this score is โ€œsmarterโ€ than just comparing returns This script doesnโ€™t just ask *โ€œdid it outperform?โ€* It also asks *โ€œdid it outperform in a clean, steady way?โ€* So it penalizes: * choppy, unstable performance * โ€œone lucky spikeโ€ moves Thatโ€™s why itโ€™s great for finding **higher-quality leadership**. --- ## Timeframe consistency: why it works on Daily, Weekly, Monthly You added **Lock to last completed Daily bar**. That means: * it uses the **same daily reference point** no matter what chart timeframe you switch to * your RS score wonโ€™t โ€œwalk aroundโ€ just because the current day/week/month is still forming **Practical meaning:** If your score says 72, it should be 72 whether youโ€™re looking at Daily, Weekly, or Monthly (as of the last completed day). --- ## The โ€œRS New Highโ€ marker (NH) โ€” what itโ€™s telling you The marker shows when your RS score hits a **new high** over your chosen lookback period (default ~252 trading days). ### In plain terms: > โ€œThis stock is now showing its strongest relative performance vs the market (in about a year).โ€ ### Why itโ€™s powerful A lot of the best leaders: * show RS new highs **before** price breaks out * or show RS new highs **during** breakouts **So NH is a โ€œleadership confirmationโ€ signal.** ### How to use NH in real life * **Best case:** RS hits a new high **while price is near breakout levels** โ†’ this often means institutions are accumulating and the stock is acting like a leader * **Okay case:** price makes new highs but RS does not โ†’ stock is rising, but itโ€™s not leading (could still work, but less attractive) --- ## Divergences: when RS and price disagree This is one of the most useful ways to use RS. ### Bearish divergence (warning) **Price makes a higher high, but RS makes a lower high.** In simple terms: > โ€œThe stock is still going up, but itโ€™s losing leadership versus the market.โ€ This often shows up before: * pullbacks * breakout failures * trend weakening * rotation into stronger names **Itโ€™s a caution sign, not an automatic sell.** ### Bullish divergence (early strength) **Price makes a lower low, but RS makes a higher low.** In simple terms: > โ€œThe stock is holding up better than the market โ€” strength is building underneath.โ€ This can happen before: * reversals * strong bounce setups * early leadership emergence --- ## How to use this indicator in a simple trading workflow ### 1) Screening (finding leaders) When scanning charts: * Prefer stocks **above 50** * Strong candidates are typically **70+** * Bonus points if you see **NH markers** recently **Quick rule:** If RS < 50, itโ€™s usually not worth your time unless youโ€™re hunting deep value turnarounds. --- ### 2) Breakouts (confirming quality) When a stock is near a breakout point: * You want RS to be **rising** * Ideally RS is near highs or prints **NH** If price breaks out but RS is weak: * itโ€™s more likely to be a โ€œmeh breakoutโ€ * sometimes it works, but itโ€™s less โ€œleader-likeโ€ --- ### 3) Managing positions (leadership health check) If youโ€™re already holding: * RS staying high and rising = healthy leadership * RS rolling over while price still rises = **possible early warning** * RS plunging under 50 = the stock is now **lagging the market** (big red flag) --- ## Common โ€œmistakesโ€ and how to avoid them ### Mistake 1: Thinking RS > 50 means โ€œguaranteed winnerโ€ No โ€” it means itโ€™s acting **stronger than the market**, but price action still matters. Use it with: * trend structure * volume/accumulation * breakout levels ### Mistake 2: Overreacting to one divergence One divergence is a warning. You want confirmation like: * failed breakout * heavy sell volume * loss of key moving averages * repeated RS lower highs ### Mistake 3: Comparing RS values across totally different markets without context RS works best when: * comparing stocks within the same broad market environment * keeping the same benchmark blend and same lookback --- ## Simple cheat sheet * **RS > 50:** outperforming market (good) * **RS 70โ€“100:** leader zone * **NH marker:** strongest relative strength in lookback window (leadership confirmation) * **Price HH + RS LH:** bearish divergence (leadership weakening) * **Price LL + RS HL:** bullish divergence (strength building) Thank you!
Pine Scriptยฎ indicator
by TradersPod
Ultimate Major Contextual Dashboard (Multi-Asset)Overview : The Ultimate Major Dashboard is a performance-optimized market overview tool designed to provide a consolidated snapshot of the 7 major Forex pairs and Gold. It aggregates correlation, trend, momentum, and volatility data into a single, clean table, allowing users to view broader market context without switching charts. Technical Logic & Components : This indicator utilizes a modular function to analyze EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD, and XAUUSD across four key dimensions: Intermarket Correlation (Pearson Coefficient): Uses ta.correlation() to compare each asset against the symbol currently on your main chart. Logic: Values above 0.7 (Dark Green) suggest a strong positive relationship, while values below -0.7 (Dark Red) suggest inverse behavior. This is calculated over a rolling 50-period window to balance stability with current market sensitivity. Trend Bias (EMA-200): Evaluates the long-term trend by checking price position relative to the 200-period Exponential Moving Average. Visuals: An upward arrow (โฌ†) indicates price is above the EMA; a downward arrow (โฌ‡) indicates it is below. Momentum (RSI-14): Calculates the Relative Strength Index. The dashboard automatically highlights readings above 70 (OB) or below 30 (OS) to help identify potential momentum extremes. Volatility (ATR-14): Displays the Average True Range as a reference for the current active range of each market, helping users compare volatility levels across the majors. How to Interpret the Dashboard Asset Alignment: Correlation values help identify when pairs are moving in "unison" versus when a specific currency is diverging from the group. Directional Context: Combining the Trend (EMA) and Momentum (RSI) columns provides a quick view of whether a market is trending strongly or reaching an exhaustion point. Volatility Benchmarking: The ATR values offer perspective on which pairs are currently the most active, assisting in market comparison based on volatility preference. Data Handling & Customization Multi-Symbol Sync: Data is fetched using request.security(). The calculations are synchronized with the chart's current bar state for real-time accuracy. Dynamic TF: Users can select the analysis timeframe (60, 240, D, W) via the settings menu. Flexibility: The dashboard position can be toggled between all four corners of the chart to avoid overlapping with price action. Disclaimer This tool is provided for analytical and educational purposes only. It does not generate trading signals and should not be considered financial advice.
Pine Scriptยฎ indicator
by HTDFR
Minervini Ultimate +VCPMinervini Ultimate Suite (SEPA Dashboard) This indicator implements Mark Minervini's "Trend Template" criteria combined with a Volatility Contraction Pattern (VCP) detector and a custom Relative Strength rating. It is designed to help traders visualize the technical health of a stock based on stage analysis concepts. This indicator serves as a complete Control System (Dashboard) for Mark Minervini's SEPA trading strategy. Instead of manually checking five different metrics on every chart, this indicator performs the mathematical calculations and presents the "bottom line" in a single, organized table. 1. What This Indicator Does The goal is to ensure you never enter a trade blindly. It verifies the stock against Minervini's strict requirements: Trend: Is the stock in a healthy Stage 2 Uptrend? Relative Strength: Is it stronger than the general market? Buy Risk: Is it the right time to buy, or is the price extended? Pressure: Are institutions accumulating or distributing? VCP: Is there a breakout opportunity (volatility contraction) right now? 2. Key Benefits Time-Saving: Instead of drawing lines and calculating percentages manually, you get immediate visual feedback (Green/Red). Discipline: The indicator will flag "Extended" (Red) if you attempt to buy a stock that has run up too much, saving you from late entries and unnecessary losses. Precision Timing: The VCP feature (Blue Dots) helps you identify the "calm before the storm"โ€”the exact moment volatility contracts, which often precedes a major breakout. 3. Indicator Parameters & Features A. Minervini Pressure (Buying vs. Selling) What it checks: Money flow over the last 20 days. Calculation: Sums up volume on "Up Days" (Green) versus volume on "Down Days" (Red). Meaning: ๐ŸŸข Buying: More money is entering than leaving. A sign of institutional accumulation. ๐Ÿ”ด Selling: Selling pressure dominates. The price may be rising, but without strong volume backing. B. Buy Risk (Price Extension) What it checks: The distance of the current price from the 50-Day Moving Average. Minervini strictly warns against "chasing" stocks. Signals: ๐ŸŸข Low Risk: Price is within 0% โ€“ 15% of the 50MA. This is the ideal "Buy Zone". ๐ŸŸก Caution: Price is 15% โ€“ 25% away. Buy with increased caution. ๐Ÿ”ด Extended: Price is >25% from the MA. Do not buy. The probability of a pullback is high. โšช Broken: Price is below the 50MA. The short-term trend is damaged. C. TPR - Trend Template (Trend Power Rating) What it checks: Is the stock in a Stage 2 Uptrend? Strict Rules (All must be true for a PASS): Price > 50MA > 150MA > 200MA. The 200MA is trending UP (positive slope). Price is near the 52-Week High (within 25%). Price is above the 52-Week Low (at least 25%). Meaning: ๐ŸŸข PASSED: Technically healthy and ready to move. ๐Ÿ”ด FAILED: The trend structure is broken (e.g., MAs are entangled). D. RPR Score (Relative Performance Rating) What it checks: How strong the stock is compared to the general market (S&P 500 / SPY). Calculation: Weighted performance over 3, 6, 9, and 12 months vs. the SPY. The score ranges from 1 to 99. Meaning: ๐ŸŸข 80-99: Market Leader. These are the stocks Minervini targets. ๐ŸŸก 70-80: Good, but not elite. โšช Below 70: Laggard (weaker than the market). E. VCP Action (Volatility Contraction Pattern) What it checks: Monitors price tightness. It calculates the range between the highest close and lowest close over the last 5 days. Meaning: ๐Ÿ”ต SQUEEZE (Blue Text + Blue Dot on Chart): The price range has contracted to less than 2.5%. Why it matters: When a stock stops moving wildly and trades in a tight range ("Flat Line"), it indicates supply has dried up. A high-volume breakout often follows immediately.
Pine Scriptยฎ indicator
by noam73
2
Adaptive Trend Mapper-ATM [Arjo]Adaptive Trend Mapper (ATM) is a directional pressure indicator designed to visualize how buying and selling commitment evolves during market trends. Instead of focusing on price direction alone, ATM maps who is exerting stronger pressure โ€”buyers or sellersโ€”and how that pressure expands, weakens, or compresses over time. Idea ATM is built around a single concept: Directional pressure is best understood by weighting trend strength against directional imbalance . To achieve this, the indicator transforms trend strength into two opposing pressure measures: Bull Pressure Index Bear Pressure Index These indices expand, contract, and converge based on how strongly buyers or sellers are committing, rather than simply tracking momentum or price changes. How It Works 1. Bull & Bear Pressure Indices ATM derives two pressure curves by weighting trend strength against directional imbalance: The Bull Pressure Index increases when upward pressure strengthens. The Bear Pressure Index increases when downward pressure strengthens. Both indices operate on a 0โ€“100 scale and are designed to diverge during strong trends and converge during non-directional or compressed phases. Optional smoothing can be applied to reduce noise and improve readability. 2. Compression / Squeeze Detection When: Trend strength weakens, Bull and Bear pressure converge, And convergence continues over time, ATM highlights a compression zone, signaling reduced directional conviction. These zones often precede directional expansion once pressure rebuilds. 3. Adaptive Trend Context An adaptive smoothed price curve is displayed on the chart to provide trend context. Color changes reflect short-term directional shifts, helping align pressure signals with price structure. This component is contextual only and does not generate signals by itself. 4. Optional Trend Bias Reference An optional EMA-50 can be enabled to help identify broader directional bias and align pressure behavior with the prevailing trend. 5. Step-Based Visualization The pressure indices can be optionally step-compressed, improving clarity on fast or noisy charts by reducing minor fluctuations. How to Use ATM Rising Bull Pressure โ†’ strengthening buyer commitment Rising Bear Pressure โ†’ strengthening seller commitment Wide separation between indices โ†’ strong directional trend Convergence with compression highlight โ†’ range or pre-breakout environment Notes ATM uses widely known market concepts such as trend strength, directional imbalance, and adaptive smoothing as conceptual inputs. All calculations, pressure mapping logic, and compression detection are original implementations developed specifically for this script. ATM is effective when used to assess participation quality, not as a standalone signal generator. Disclaimer This indicator is intended for analysis and educational purposes only. It does not generate buy or sell signals. Always apply proper risk management. Happy Trading.
Pine Scriptยฎ indicator
by ARJO_2019
Kinetic RSI [Vel + Accel] + AlertsThe Problem with Standard RSI Most traders use the Relative Strength Index (RSI) to see if a market is "Overbought" (above 70) or "Oversold" (below 30). The problem? A strong trend can stay overbought for days, burning short sellers, or an asset can stay oversold while price continues to crash. Standard RSI tells you where the price is, but it doesn't tell you how hard it is moving. โ€‹The Solution: Kinetic RSI This script reimagines RSI by applying basic physics concepts: Velocity and Acceleration. Instead of asking "Is RSI below 30?", this indicator asks: "Is RSI below 35 AND did it just make a violent, high-speed turn upwards?" โ€‹It filters out lazy, drifting price action and only signals when momentum is accelerating in a new direction. โ€‹How It Works (The Math) โ€‹Velocity: We calculate the speed of the RSI change (Current RSI - Previous RSI). โ€‹Acceleration: We calculate if that speed is increasing (Current Velocity - Previous Velocity). โ€‹The Trigger: A signal is only generated if the RSI is in an extreme zone (<35 or >65) AND it has high Velocity AND positive Acceleration. โ€‹How to Trade It โ€‹1. The "Kick" Signals (Background Highlights) โ€‹๐ŸŸข Green Background (Bullish Kick): The RSI was low, but buyers stepped in aggressively. The momentum is not just positive; it is accelerating upward. This is often a "V-Bottom" catch. โ€‹๐Ÿ”ด Red Background (Bearish Kick): The RSI was high, but sellers slammed the price down. Momentum is accelerating downward. โ€‹2. The Line Color โ€‹Lime Line: Velocity is positive (Momentum is rising). โ€‹Fuchsia Line: Velocity is negative (Momentum is falling). โ€‹Usage: If the background flashes Green (Buy Signal), but the line turns back to Fuchsia (Red) a few bars later, the move has failedโ€”exit the trade. โ€‹Settings & Alerts โ€‹RSI Length: Standard 14 (Adjustable). โ€‹Velocity Threshold: Controls sensitivity. โ€‹Lower (e.g., 2-3): More signals, catches smaller reversals. โ€‹Higher (e.g., 5+): Fewer signals, catches only massive "shocks" to the price. โ€‹Alerts Included: You can set alerts for "Bullish Kick," "Bearish Kick," or "Any Kick" to get notified of volatility spikes. โ€‹Best Practices โ€‹Wait for the Close: This indicator measures the closing velocity. Always wait for the bar to close to confirm the background color signal. โ€‹Trend Filtering: This works best as a "Reversal" indicator. If the market is in a super-strong uptrend, ignore the Bearish (Red) signals and only take the Bullish (Green) dips.
Pine Scriptยฎ indicator
by MonkeyPhone
Currency Strength Meter (8 Majors) โ€” invincible3 ๐Ÿ“Š Currency Strength Meter (8 Majors) โ€” Description The Currency Strength Meter (8 Majors) calculates the relative performance of the major global currencies โ€” USD, EUR, GBP, JPY, AUD, NZD, CAD, CHF โ€” using aggregated logarithmic returns across all major FX pairs. Strength values are normalized on every bar, allowing users to quickly identify the strongest and weakest currencies at any moment in time. Each currencyโ€™s strength is computed from a basket of 7 related currency pairs, smoothed with EMA, converted into z-scores, and finally normalized to a 0โ€“100 scale for easy comparison. A built-in table displays the real-time strength for all currencies, along with bar-to-bar delta and directional arrows. ๐Ÿ”ถ SETTINGS General Broker Prefix Select the broker symbol prefix used for pair requests (e.g., OANDA:, FX_IDC:). Calculation Timeframe Timeframe used to calculate the log returns of currency pairs. Higher timeframes reduce noise, lower timeframes increase sensitivity. Lookback Bars Number of bars (on the calculation timeframe) used to measure logarithmic performance. Smoothing (EMA) Smooths currency strength with an EMA of selectable length. Plot Lines Option to display the normalized strength of each currency (0โ€“100) directly on the chart. ๐Ÿ”น Strength Meter Table Show Table Enables the on-chart strength meter table. Show โ–ฒโ–ผ Delta Arrows Displays directional arrows indicating bar-over-bar momentum: โ–ฒ increasing strength โ–ผ decreasing strength โ€ข neutral Size Controls the table text size (Tiny โ†’ Huge). Layout Shows: Currency name & flag Strength (0โ€“100) Delta (current โ€“ previous bar) ๐Ÿ”ถ USAGE This indicator helps traders quickly determine which currencies are strong and which are weak , and how that strength evolves over time. Because currencies are evaluated relative to one another , trend strength becomes easier to identify across FX pairs. Use cases include: Finding strong vs. weak currency pair combinations Confirming trend continuation or exhaustion Identifying momentum shifts through the delta column Spotting early reversals when strength begins to diverge Comparing currency performance over multiple timeframes ๐Ÿ“ˆ Example Interpretation If the USD shows: Strength = 82 Delta = +3 (โ–ฒ) โ€ฆUSD is not only strong, but also getting stronger relative to the previous bar. If AUD shows: Strength = 22 Delta = -5 (โ–ผ) โ€ฆAUD is weak and weakening further. This makes strong/weak pairing intuitive: Prefer strong vs weak pairs (e.g., USD/AUD if USD strong & AUD weak) Avoid neutral or mixed-strength pairs ๐Ÿ”ถ DETAILS Currency Strength Calculation For each currency pair, the indicator calculates the log-return over the selected lookback window. Each currency aggregates 7 major related pairs to form a composite strength value. The aggregated value is smoothed using EMA. All 8 currencies are converted into z-scores, then normalized to a 0โ€“100 scale for cross-sectional comparison. A bar-to-bar delta is computed to reveal strengthening or weakening momentum. This structure ensures the indicator remains stable, consistent, and highly responsive for intraday and higher-timeframe trading.
Pine Scriptยฎ indicator
by invincible3
2
Volumetric Inverse Fair Value Gap (IFVG) [Kodexius]The Volumetric Inverse Fair Value Gap (IFVG) indicator detects and visualizes inverse fair value gaps (IFVGs) zones where previous inefficiencies in price (fair value gaps) are later invalidated or โ€œinverted.โ€ Unlike traditional FVG indicators, this tool integrates volume-based analysis to quantify the bullish, bearish, and overall strength of each inversion. It visually represents these metrics within a dynamically updating box on the chart, giving traders deeper insight into market reactions when liquidity imbalances are filled and reversed. Features Inverse fair value gap detection The script identifies bullish and bearish fair value gaps, stores them as pending zones, and turns them into inverse fair value gaps when price trades back through the gap in the opposite direction. Each valid inversion becomes an active IFVG zone on the chart. Sensitivity control with ATR filter and strict mode A minimum gap size based on ATR is used to filter out small and noisy gaps. Strict mode can be enabled so that any wick contact between the relevant candles prevents the gap from being accepted as a fair value gap. This lets you decide how clean and selective the zones should be. Show Last N Boxes control The indicator can keep only the most recent N IFVG zones visible. Older zones are removed from the chart once the number of active objects exceeds the user setting. This prevents clutter on higher timeframes or long histories and keeps attention on the most relevant recent zones. Ghost box for the original gap When the ghost option is enabled, the script draws a faint box that marks the original fair value gap from which the inverse zone came. This makes it easy to see where the initial imbalance appeared and how price later inverted that area. Volumetric bull, bear and strength metrics For each IFVG, the script estimates how much of the bar volume is associated with buying and how much with selling, then computes bull percentage, bear percentage and a strength score that uses a percentile rank of volume. These values are stored with the IFVG object and drive the visualization inside the zone. Three band visual layout inside each IFVG Each active IFVG is drawn as a container with three horizontal sections. The top band represents the bull percentage, the middle band the bear percentage and the bottom band the strength metric. The width of each bar reflects its respective value so you can read the structure of the zone at a glance. Customizable colors and label text Colors for bull, bear, strength, the empty background area, the ghost box and label text can be adjusted in the inputs. This allows you to match the indicator to different chart themes or highlight specific aspects such as strength or direction. Automatic invalidation and cleanup When price clearly closes beyond the IFVG in a way that breaks the logic of that zone, the script marks it as inactive and deletes all boxes and labels linked to it. Only valid and active IFVGs remain on the chart, which keeps the display clean and focused. Calculations 1. Detecting Fair Value Gaps (FVGs) A fair value gap is identified when price action leaves an imbalance between candle wicks. Depending on the mode: Bullish FVG: When low > high Bearish FVG: When high < low Optionally, the strict mode ensures wicks do not touch. The gapโ€™s significance is filtered using the ATR multiplier input to exclude minor noise. Once detected, FVGs are stored as pending zones until inverted by opposite movement (price crossing through). bool bull_cond = strict_mode ? (low > high ) : (close > high ) bool bear_cond = strict_mode ? (high < low ) : (close < low ) float gap_size = 0.0 if bull_cond and close > open gap_size := low - high if bear_cond and close < open gap_size := low - high 2. Creating IFVGs (Inversions) When price later moves through a previous FVG in the opposite direction, an Inverse FVG (IFVG) is created. For example: A previous bearish FVG becomes bullish IFVG if price moves upward through it. A previous bullish FVG becomes bearish IFVG if price moves downward through it. The IFVG is initialized with structural boundaries (top, bottom) and timestamp metadata to anchor visualization. if not p.is_bull_gap and close > p.top inverted := true to_bull := true if p.is_bull_gap and close < p.btm inverted := true to_bull := false 3. Volume Metrics (Bull, Bear, Strength) Each IFVG calculates buy and sell volumes from the current barโ€™s price spread and total volume. Bull % = proportion of upward (buy) volume Bear % = proportion of downward (sell) volume Strength % = normalized percentile rank of total volume These are obtained through a custom function that estimates directional volume contribution: calc_metrics(float o, float h, float l, float c, float v) => float rng = h - l float buy_v = 0.0 if rng == 0 buy_v := v * 0.5 else if c >= o buy_v := v * ((math.abs(c - o) + (math.min(o, c) - l)) / rng) else buy_v := v * ((h - math.max(o, c)) / rng) float sell_v = v - buy_v float total = buy_v + sell_v float p_bull = total > 0 ? buy_v / total : 0 float p_bear = total > 0 ? sell_v / total : 0 float p_str = ta.percentrank(v, 100) / 100.0
Pine Scriptยฎ indicator
by UnknownUnicorn113699460
9
NQUSB Sector Industry Stocks Strength A Comprehensive Multi-Industry Performance Comparison Tool The complete Pine Script code and supporting Python automation scripts are available on GitHub: GitHub Repository: github.com Original idea from by www.tradingview.com โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• WHAT'S NEW โ•โ•โ• 4-Level Hierarchical Navigation: Primary: All 11 NQUSB sectors (NQUSB10, NQUSB15, NQUSB20, etc.) Secondary (Default): Broad sectors like Technology, Energy Tertiary: Industry groups within sectors Quaternary: Individual stocks within industries (37 semiconductors) Enhanced Stock Coverage: 1,176 total stocks across 129 industries 37 semiconductor stocks Market-cap weighted selection: 60% tech / 35% others Range: 1-37 stocks per industry โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• CORE FEATURES โ•โ•โ• 1. Drill-Down/Drill-Up Navigation View NVDA at different granularity levels: Quaternary: โ— NVDA ranks #3 of 37 semiconductors Tertiary: โœ“ Semiconductors at 85% (strongest in tech hardware) Secondary: โœ“ Tech Hardware at 82% (stronger than software) Primary: โœ“ Technology at 78% (#1 sector overall) Insight: One indicator, one stock, four perspectives - instantly see if strength is stock-specific, industry-specific, or sector-wide. โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” 2. Visual Current Stock Identification Violet Markers - Instant Recognition: โ— (dot) marker when current stock is in top N performers โœ• (cross) marker when current stock is below top N Violet color (#9C27B0) on both symbol and value labels Example: "NVDA โ— ranks #3 of 37" โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” 3. Rank Display in Title Dynamic title shows performance context: "Semiconductors (RS Rating - 3 Months) | NVDA ranks #3 of 37" #1 = Best performer, higher number = lower rank Total adjusts if current stock auto-added โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” 4. Auto-Add Current Stock Always Included: Current stock automatically added if not in predefined list Example: Viewing PRSO โ†’ "PRSO ranks #37 of 39 โœ•" Works for any stock - from NVDA to obscure small-caps Violet markers ensure visibility even when ranked low โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• DUAL PERFORMANCE METRICS โ•โ•โ• RS Rating (Relative Strength): Normalized strength score 1-99 Compare stocks across different price ranges Default benchmark: SPX % Return: Simple percentage price change Direct performance comparison 11 Time Periods: 1 Week, 2 Weeks, 1 Month, 2 Months, 3 Months (Default) , 6 Months, 1 Year, YTD, MTD, QTD, Custom (1-500 days) Result: 22 analytical combinations (2 metrics ร— 11 periods) โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• USE CASES โ•โ•โ• Sector Rotation Analysis: Is NVDA's strength semiconductors-specific or tech-wide? Drill through all 4 levels to find answer Identify which industry groups are leading/lagging Finding Hidden Gems: JPM ranks #3 of 13 in Major Banks But Financials sector weak overall (68%) = Relative strength play in weak sector Cross-Industry Comparison: 129 industries covered Market-wide scan capability Find strongest performers across all sectors โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• TECHNICAL SPECIFICATIONS โ•โ•โ• V32 Stats: Total Industries: 129 Total Stocks: 1,176 File Size: 82,032 bytes (80.1 KB) Request Limit: 39 max (Semiconductors), 10-16 typical Granularity Levels: 4 (Primary โ†’ Quaternary) Smart Stock Allocation: Technology industries: 60% coverage Other industries: 35% coverage Market-cap weighted selection Formula: MIN(39, MAX(5, CEILING(total ร— percentage))) โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• KEY ADVANTAGES โ•โ•โ• vs. Single Industry Tools: โœ“ 129 industries vs 1 โœ“ Market-wide perspective โœ“ Hierarchical navigation โœ“ Sector rotation detection vs. Manual Comparison: โœ“ No ETF research needed โœ“ Instant visual markers โœ“ Automatic ranking โœ“ One-click drill-down โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” For complete documentation, Python automation scripts, and CSV data files: github.com Version: V32 Last Updated: 2025-11-30 Pine Script Version: v5
Pine Scriptยฎ indicator
by ama0000
stock-vs-industry using NQUSB benchmark idexesOriginal idea from Stock versus Industry by Tr33man . โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• PRIMARY IMPROVEMENT: NQUSB Hierarchical Index Benchmarks โ•โ•โ• The KEY improvement: Multi-Level Industry Granularity with Drill-Down/Drill-Up Navigation From: Simple ETF Comparison (1 Level) Stock โ†’ Industry ETF (e.g., "SOXX" for all semiconductors) To: NQUSB Hierarchical Comparison (4 Levels) Level 4 (Primary): NQUSB10102010 โ†’ Semiconductors (most specific) Level 3 (Secondary): NQUSB101020 โ†’ Technology Hardware and Equipment Level 2 (Tertiary): NQUSB101010 โ†’ Software and Computer Services Level 1 (Quaternary): NQUSB10 โ†’ Technology (broadest sector) Users can now drill up and down the industry hierarchy to see how their stock performs against different levels of industry classification! โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• WHY THIS MATTERS โ•โ•โ• Original Limitations: Single comparison level - ETF only No drill-down capability - Can't zoom in to more specific industries No drill-up capability - Can't zoom out to broader sectors ETF limitations - Not all industries have dedicated ETFs Arbitrary mappings - Manual ETF selection may not represent true industry Improved Capabilities: 4-level hierarchical navigation - Drill-down and drill-up through industry classifications 361 NQUSB official indices - NASDAQ US Benchmark Index structure Official NASDAQ classification - Industry-standard taxonomy Large Mid Cap (LM) option - Focus on larger companies when needed Enhanced UI - Clear level indicators and full index descriptions โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• EXAMPLE: ANALYZING NVDA (Semiconductors) โ•โ•โ• Level 4 - Primary (Most Specific): NQUSB10102010 - Semiconductors โ†’ NVDA vs. AMD, AVGO, QCOM, TXN, etc. (direct competitors) Level 3 - Secondary (Broader): NQUSB101020 - Tech Hardware & Equipment โ†’ NVDA vs. AAPL, CSCO + semiconductors Level 2 - Tertiary (Even Broader): NQUSB101010 - Software and Computer Services โ†’ NVDA vs. all tech hardware Level 1 - Quaternary (Broadest): NQUSB10 - Technology Sector โ†’ NVDA vs. entire technology sector You can now zoom in to see direct competitors or zoom out to understand macro sector trends - all in one indicator! โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• COMPARISON SUMMARY โ•โ•โ• Original Version: Comparison System: Industry ETFs Industry Levels: 1 (flat ETF mapping) Total Classifications: ~140 industries Hierarchy Navigation: โŒ No Data Source: Manual ETF curation Improved Version: Comparison System: NQUSB Official Indices Industry Levels: 4 (hierarchical drill-down/up) Total Classifications: 361 NQUSB indices Hierarchy Navigation: โœ… 4-level drill navigation Data Source: NASDAQ official taxonomy Large/Mid Cap Option: โœ… LM variant toggle Level Indicator: โœ… to labels โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ•โ•โ• ADDITIONAL FEATURES โ•โ•โ• Dual Comparison System - Toggle between ETF mode (original) and Index Benchmark mode (NQUSB hierarchy) Better Fallback Logic - Manual Override > NQUSB Index > ETF > SPY default Enhanced Display - 4-row information table with full NQUSB index description Backward Compatible - All original ETF mappings still work, existing charts won't break Large Mid Cap Toggle - Optional "LM" suffix for focusing on larger companies only โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” For complete documentation, data files, technical details, and the full NQUSB hierarchy structure, visit the GitHub repository. The result: More accurate, more flexible, and more comprehensive industry strength analysis - enabling traders to understand exactly where their stock's performance comes from by drilling through multiple levels of industry classification.
Pine Scriptยฎ indicator
by ama0000