Price Persistence ScreenerPrice Persistence Screener
Pine Script v6 | Inspired by @pradeepbonde on X
This indicator, inspired by the insights of @pradeepbonde , is designed to identify stocks with high price persistence—stocks that consistently close higher than the previous day's close over various lookback periods. As described by Pradeep Bonde, stocks with high persistence are strong candidates for trading pullbacks or consolidations, as they often resume their upward trend due to aggressive buying and low selling pressure. This tool helps traders screen for such stocks and visualize their persistence across multiple timeframes.
Features:
Measures price persistence by counting bars where the closing price exceeds the previous bar’s close for fixed periods: 499, 252, 126, 60, 40, 20, 15, 10, and 5 bars.
Includes a customizable lookback period (1 to 499 bars) for flexible analysis.
Allows users to set a custom persistence threshold (0% to 100%) to highlight strong bullish trends.
How It Works:
For each lookback period, the indicator calculates how many times the closing price is higher than the previous bar’s close.
A higher count indicates stronger bullish persistence, signaling stocks with sustained upward momentum.
Usage:
This screener is aimed to be used on pine screener to see data in columns. Add this indicator to you favorites and in pine screener scan on your watchlist of up to 1000 stocks
Adjust the custom lookback period and threshold via input settings.
Sort columns to compare persistence across timeframes and identify stocks with high persistence for swing trading or long-term holding.
Settings:
Custom Lookback Period (Bars): Set the number of bars for the custom persistence calculation (default: 100).
Custom Persistence Threshold (%): Define the percentage threshold for highlighting high persistence in the custom period (default: 70%).
Credits:
This indicator is based on the price persistence concept shared by @pradeepbonde
in his YouTube video (www.youtube.com). He explains that stocks with high persistence—those consistently closing higher day after day—are strong candidates for trading pullbacks, as they tend to resume their upward trend. This screener automates and visualizes that concept, making it easier for traders to identify such stocks.
Note:
Ensure sufficient historical data is available for accurate calculations, especially for longer periods like 499 bars. if stock is less than 499 bars.
High persistence stocks may eventually lose momentum, signaling potential reversals or shorting opportunities, as noted by @pradeepbonde
.
Use this indicator as part of a broader trading strategy to screen strong trends with custom lookback scan, combining it with other technical or fundamental analysis.
Chỉ báo và chiến lược
Moving Average SlopeA simple tool that allows you to choose from multiple types of moving averages (e.g. WMA, EMA, SMA, HMA) and define the MA period, and lookback period for slope calculation.
My Crossover AlertCross over of EMA - Krish
This is the big crossover of two Long EMAs . When it comes to Day indicator. Most probably the price might shoot up.
Estrategia Cava - IndicadorSimplified Criteria of the Cava Strategy
Below is the logic behind the Cava strategy, broken down into conditions for a buy operation:
Variables and Necessary Data
EMA 55: 55-period Exponential Moving Average.
MACD: Two lines (MACD Line and Signal Line) and the histogram.
RSI: Relative Strength Index.
Stochastic: Two lines (%K and %D).
Closing Price: The closing price of the current period.
Previous Closing Price: The closing price of the previous period.
Entry Logic (Buy Operation)
Trend Condition (EMA 55):
The price must be above the EMA 55.
The EMA 55 must have a positive slope (or at least not a negative one). This can be checked if the current EMA 55 is greater than the previous period's EMA 55.
Momentum Conditions (Oscillators):
MACD: The MACD line must have crossed above the signal line. For a strong signal, this cross should occur near or above the zero line.
RSI: The RSI must have exited the "oversold" zone (generally below 30) and be rising.
Stochastic: The Stochastic must have crossed upwards from the "oversold" zone (generally below 20).
Confirmation Condition (Price):
The current closing price must be higher than the previous closing price. This confirms the strength of the signal.
Position Management (Exit)
Take Profit: An exit can be programmed at a predetermined price target (e.g., the next resistance level) or when the momentum of the move begins to decrease.
Stop Loss: A stop loss should be placed below a significant support level or the entry point to limit losses in case the trade does not evolve as expected. The Cava strategy focuses on dynamic stop-loss management, moving it in the trader's favor as the price moves.
In summary, the strategy is a filtering system. If all conditions are met, the trade is considered high probability. If only some are met, the signal is discarded, and you wait for the next one. It's crucial to understand that discipline and risk management are just as important as the indicators themselves.
Waves of Wealth Pair Trading RatioThis versatile indicator dynamically plots the ratio between two user-selected instruments, helping traders visualize relative performance and detect potential mean-reversion or trend continuation opportunities.
Features include:
User inputs for selecting any two instrument symbols for comparison.
Adjustable moving average period to track the average ratio over time.
Customizable standard deviation multiplier to define statistical bands for overbought and oversold conditions.
Visual display of the ratio line alongside upper and lower bands for clear trading signals.
Ideal for pair traders and market analysts seeking a flexible tool to monitor inter-asset relationships and exploit deviations from historical norms.
Simply set your preferred symbols and parameters to tailor the indicator to your trading style and assets of interest.
How to Use the Custom Pair Trading Ratio Indicator
Select symbols: Use the indicator inputs to set any two instruments you want to compare—stocks, commodities, ETFs, or indices. No coding needed, just type or select from the dropdown.
Adjust parameters: Customize the moving average length to suit your trading timeframe and style. The standard deviation multiplier lets you control sensitivity—higher values mean wider bands, capturing only larger deviations.
Interpret the chart:
The ratio line shows relative strength between the two instruments.
The middle line represents the average ratio (mean).
The upper and lower bands indicate statistical extremes where price action is usually overextended.
Trading signals:
Look to enter pair trades when the ratio moves outside the bands—expecting a return to the mean.
Use the bands and mean to set stop-loss and profit targets.
Combine with other analysis or fundamental insight for best results.
RSI/Stochastic with overlays a moving average + Bollinger BandsCompact oscillator panel that lets you switch the base between RSI and Stochastic %K, then overlays a moving average + Bollinger Bands on the oscillator values (not on price) to read momentum strength and squeeze/expansion.
What’s added
Selectable base: RSI ↔ Stochastic %K (plots %D when Stoch is chosen).
MA + BB on oscillator to gauge momentum trend (MA) and volatility (bands).
Adjustable bands 70/50/30 with optional fill, plus optional regular divergence and alerts.
How to read
Bull bias: %K above osc-MA and pushing/closing near Upper BB; confirm with %K > %D.
Bear bias: %K below osc-MA and near Lower BB; confirm with %K < %D.
Squeeze: BB on oscillator tightens → expect momentum breakout.
Overextension: repeated touches of Upper/Lower BB in 70/30 zones → strong trend; watch for %K–%D recross.
Quick settings (start here)
Stoch: 14 / 3 / 3; Bands: 70/50/30.
Osc-MA: EMA 14.
BB on oscillator: StdDev 2.0 (tune 1.5–2.5).
Note
Analysis tool, not financial advice. Backtest across timeframes and use risk management.
NY Session Candle (09:30-16:00 ET, Mon-Fri)This indicator plots one synthetic candle per day that represents the official New York trading session (09:30–16:00 ET).
It aggregates the open, high, low, and close across the entire session and draws a single candle on your chart, making it easier to compare session ranges, direction, make studies and volatility.
Features:
-Aggregates intraday OHLC into one candle per session.
-Colors the candle green/red depending on close vs. open.
-Excludes weekends (Sat/Sun) automatically.
-Adjustable timezone and session window in settings.
Use case:
Helps traders visually analyze how each New York session behaved without changing chart timeframes. It is a visualization tool only and does not generate trading signals or predictions.
Notes:
The script does not repaint and does not use lookahead.
The candle of the session only shows once the FULL session is closed, it is not a dynamic candle.
It is for analysis purposes only, not a trading strategy.
Original code and idea; no third-party scripts reused
Mongoose Global Conflict Risk Index v1Overview
The Mongoose Global Conflict Risk Index v1 is a multi-asset composite indicator designed to track the early pricing of geopolitical stress and potential conflict risk across global markets. By combining signals from safe havens, volatility indices, energy markets, and emerging market equities, the index provides a normalized 0–10 score with clear bias classifications (Neutral, Caution, Elevated, High, Shock).
This tool is not predictive of headlines but captures when markets are clustering around conflict-sensitive assets before events are widely recognized.
Methodology
The indicator calculates rolling rate-of-change z-scores for eight conflict-sensitive assets:
Gold (XAUUSD) – classic safe haven
US Dollar Index (DXY) – global reserve currency flows
VIX (Equity Volatility) – S&P 500 implied volatility
OVX (Crude Oil Volatility Index) – energy stress gauge
Crude Oil (CL1!) – WTI front contract
Natural Gas (NG1!) – energy security proxy, especially Europe
EEM (Emerging Markets ETF) – global risk capital flight
FXI (China ETF) – Asia/China proxy risk
Rules:
Safe havens and vol indices trigger when z-score > threshold.
Energy triggers when z-score > threshold.
Risk assets trigger when z-score < –threshold.
Each trigger is assigned a weight, summed, normalized, and scaled 0–10.
Bias classification:
0–2: Neutral
2–4: Caution
4–6: Elevated
6–8: High
8–10: Conflict Risk-On
How to Use
Timeframes:
Daily (1D) for strategic signals and early warnings.
4H for event shocks (missiles, sanctions, sudden escalations).
Weekly (1W) for sustained trends and macro build-ups.
What to Look For:
A single trigger (for example, Gold ON) may be noise.
A cluster of 2–3 triggers across Gold, USD, VIX, and Energy often marks early stress pricing.
Elevated readings (>4) = caution; High (>6) = rotation into havens; Shock (>8) = market conviction of conflict risk.
Practical Application:
Monitor as a heatmap of global stress.
Combine with fundamental or headline tracking.
Use alert conditions at ≥4, ≥6, ≥8 for systematic monitoring.
Notes
This indicator is for informational and educational purposes only.
It is not financial advice and should be used in conjunction with other analysis methods.
Stochastic Crossover with Arrows & Alerts [TED]This indicator plots the Stochastic Oscillator’s %K and %D lines on the chart with additional visual cues and alerts for crossovers. It’s designed to identify potential trend reversals using Stochastic oscillator crossovers, with easy-to-read arrow markers and custom alert conditions.
Features:
Stochastic %K and %D Plot: Displays the %K and %D lines of the Stochastic Oscillator for overbought/oversold conditions.
Visual Cues: Small green upward arrows for bullish crossovers and red downward arrows for bearish crossovers, displayed directly on the chart.
Overbought/Oversold Levels: Highlights the 80 (Overbought) and 20 (Oversold) levels, with a middle band at 50, allowing you to easily spot extreme conditions.
Alerts: Receive real-time notifications when crossovers happen on the current or previous bar, ensuring you never miss a potential entry or exit signal.
Customizable Periods: Allows you to adjust the %K, %D, and smoothing periods according to your trading preferences.
How It Works:
Bullish Crossover (Green Triangle): When the %K line crosses above the %D line, signaling potential upward momentum.
Bearish Crossover (Red Triangle): When the %K line crosses below the %D line, signaling potential downward momentum.
Alerts: Get notifications for crossovers on the current or previous bar to stay ahead of the market.
EMA Crossover and Candle ColoringColors candles based on the 21D Ema , one or two closes above each and gives blue and orange dots for when the 5D ema is above or below the 21D ema
Simple system but it helps to identify trends
KCandle Strategy 1.0# KCandle Strategy 1.0 - Trading Strategy Description
## Overview
The **KCandle Strategy** is an advanced Pine Script trading system based on bullish and bearish engulfing candlestick patterns, enhanced with sophisticated risk management and position optimization features.
## Core Logic
### Entry Signal Generation
- **Pattern Recognition**: Detects bullish and bearish engulfing candlestick formations
- **EMA Filter**: Uses a customizable EMA (default 25) to filter trades in the direction of the trend
- **Entry Levels**:
- **Long entries** at 25% of the candlestick range from the low
- **Short entries** at 75% of the candlestick range from the low
- **Signal Validation**: Orange candlesticks indicate valid setup conditions
### Risk Management System
#### 1. **Stop Loss & Take Profit**
- Configurable stop loss in pips
- Risk-reward ratio setting (default 2:1)
- Visual representation with colored lines and labels
#### 2. **Break-Even Management**
- Automatically moves stop loss to break-even when specified R:R is reached
- Customizable break-even offset for added protection
- Prevents losing trades after reaching profitability
#### 3. **Trailing Stop System**
- **Activation Trigger**: Activates when position reaches specified R:R level
- **Distance Control**: Maintains trailing stop at defined distance from entry
- **Step Management**: Moves stop loss forward in incremental R steps
- **Dynamic Protection**: Locks in profits while allowing for continued upside
### Advanced Features
#### Position Management
- **Pyramiding Support**: Optional multiple position entries with size reduction
- **Order Expiration**: Pending orders automatically cancel after specified bars
- **Position Sizing**: Percentage-based allocation with pyramid level adjustments
#### Visual Interface
- **Real-time Monitoring**: Comprehensive information panel with all strategy metrics
- **Historical Tracking**: Visual representation of past trades and levels
- **Color-coded Indicators**: Different colors for break-even, trailing, and standard stops
- **Debug Options**: Optional labels for troubleshooting and optimization
## Key Parameters
### Basic Settings
- **EMA Length**: Trend filter period
- **Stop Loss**: Risk per trade in pips
- **Risk/Reward**: Target profit ratio
- **Order Validity**: Duration of pending orders
### Risk Management
- **Break-Even R:R**: Profit level to trigger break-even
- **Trailing Activation**: R:R level to start trailing
- **Trailing Distance**: Stop distance from entry when trailing
- **Trailing Step**: Increment for stop loss advancement
## Strategy Benefits
1. **Objective Entry Signals**: Based on proven candlestick patterns
2. **Trend Alignment**: EMA filter ensures trades align with market direction
3. **Robust Risk Control**: Multiple layers of protection (SL, BE, Trailing)
4. **Profit Optimization**: Trailing stops maximize winning trade potential
5. **Flexibility**: Extensive customization options for different market conditions
6. **Visual Clarity**: Complete visual feedback for trade management
## Ideal Use Cases
- **Swing Trading**: Medium-term positions with trend-following approach
- **Breakout Trading**: Capturing momentum from engulfing patterns
- **Risk-Conscious Trading**: Suitable for traders prioritizing capital preservation
- **Multi-Timeframe**: Adaptable to various timeframes and instruments
---
*The KCandle Strategy combines traditional technical analysis with modern risk management techniques, providing traders with a comprehensive tool for systematic market participation.*
LB PortLag Exit IndicatorAllows you to compare a benchmark against any asset over the last X candles. Simple.
Analitica Trading — Previous Day SR (2 lines + labels) 2.0📊 Analitica Trading — Previous Day SR (Support & Resistance)
This indicator displays the previous day’s key levels on any timeframe:
Prev High → Green horizontal line with label.
Prev Low → Red horizontal line with label.
🔹 Stable across timeframes: The levels are calculated from the daily candles and remain fixed, no matter if you switch to 1D, 1H, or 5m.
🔹 Simple & clean: Exactly two lines only (no duplicates).
🔹 Price labels included: Each line has a clear tag showing the exact level.
🔹 Dynamic update: Lines refresh automatically at the start of each new daily session.
🔹 Alerts: Optional alerts trigger when the price breaks above the Prev High or below the Prev Low.
💡 Ideal for support/resistance trading, breakouts, and Smart Money Concepts (SMC) strategies.
（VIX Spread-BTC Cycle Timing Strategy）A multi-asset cycle timing strategy that constructs a 0-100 oscillator using the absolute 10Y-2Y U.S. Treasury yield spread multiplied by the inverse of VIX squared. It integrates BTC’s deviation from its 100-day MA and 10Y Treasury’s MA position as dual filters, with clear entry rules: enter bond markets when the oscillator exceeds 80 (hiking cycles) and enter BTC when it drops below 20 (easing cycles).
Grand Master's Candlestick Dominance (ATR Enhanced)### Grand Master's Candlestick Dominance (ATR Enhanced)
**Overview**
Unleash the ancient wisdom of Japanese candlestick charting with a modern twist! This comprehensive Pine Script v5 strategy and indicator scans for over 75 classic and advanced candlestick patterns (bullish, bearish, and neutral), assigning dynamic strength scores (1-10) to each for precise signal filtering. Enhanced with Average True Range (ATR) for volatility-aware body size validation, it dominates the markets by combining timeless pattern recognition with robust confirmation layers. Whether used as a backtestable strategy or visual indicator, it empowers traders to spot high-probability reversals, continuations, and indecision setups with surgical accuracy.
Inspired by Steve Nison's *Japanese Candlestick Charting Techniques*, this tool elevates pattern analysis beyond basics—think Hammers, Engulfing patterns, Morning Stars, and rare gems like Abandoned Baby or Concealing Baby Swallow—all consolidated into intelligent arrays for real-time averaging and prioritization.
**Key Features**
- **Extensive Pattern Library**:
- **Bullish (25+ patterns)**: Hammer (8.0), Bullish Engulfing (10.0), Morning Star (7.0), Three White Soldiers (9.0), Dragonfly Doji (8.0), and more (e.g., Rising Three, Unique Three River Bottom).
- **Bearish (25+ patterns)**: Hanging Man (8.0), Bearish Engulfing (10.0), Evening Star (7.0), Three Black Crows (9.0), Gravestone Doji (8.0), and exotics like Upside Gap Two Crows or Stalled Pattern.
- **Neutral/Indecision (34+ patterns)**: Doji variants (Long-Legged, Four Price), Spinning Tops, Harami Crosses, and multi-bar setups like Upside Tasuki Gap or Advancing Block.
Each pattern includes duration tracking (1-5 bars) and ATR-adjusted body/shadow criteria for relevance in volatile conditions.
- **Smart Confirmation Filters** (All Toggleable):
- **Trend Alignment**: 20-period SMA (customizable) ensures entries align with the prevailing trend; optional higher timeframe (e.g., Daily) MA crossover for multi-timeframe confluence.
- **Support/Resistance (S/R)**: Pivot-based levels with 0.01% tolerance to confirm bounces or breaks.
- **Volume Surge**: 20-period volume MA with 1.5x spike multiplier to validate momentum.
- **ATR Body Sizing**: Filters small bodies (<0.3x ATR) and long bodies (>0.8x ATR) for context-aware pattern reliability.
- **Follow-Through**: Ensures post-pattern confirmation via bullish/bearish closes or closes beyond prior bars.
Minimum average strength (default 7.0) and individual pattern thresholds (5.0) prevent weak signals.
- **Entry & Exit Logic**:
- **Long Entry**: Bullish average strength ≥7.0 (outweighing bearish), uptrend, volume spike, near support, follow-through, and HTF alignment.
- **Short Entry**: Mirror for bearish dominance in downtrends near resistance.
- **Exits**: Bearish/neutral shift, or fixed TP (5%) / SL (2%)—pyramiding disabled, 10% equity sizing.
- Backtest range: Jan 1, 2020 – Dec 31, 2025 (editable). Initial capital: $10,000.
- **Interactive Dashboard** (Top-Right Panel):
Real-time insights including:
- Market phase (e.g., "Bullish Phase (Avg Str: 8.2)"), active pattern (e.g., "BULLISH: Bullish Engulfing (Str: 10.0, Bars: 2)"), and trend status.
- Strength breakdowns (Bull/Bear/Neutral counts & averages).
- Filter status (e.g., "Volume: ✔ Spike", "ATR: Enabled (L:0.8, S:0.3)").
- Backtest stats: Total trades, win rate, streak, and last entry/exit details (price & timestamp).
Toggle mode: Strategy (live trades) or Indicator (signals only).
- **Advanced Alerts** (15+ Toggleable Types):
Set up via TradingView's "Any alert() function call" for bar-close triggers:
- Entry/Exit signals with strength & pattern details.
- Strong patterns (≥2 bullish/bearish), neutral indecision, volume spikes.
- S/R breakouts, HTF reversals, high-confidence singles (≥8.0 strength).
- Conflicting signals, MA crossovers, ATR volatility bursts, multi-bar completions.
Example: "STRONG BULLISH PATTERN detected! Strength: 9.5 | Top Pattern: Three White Soldiers | Trend: Up".
**Customization & Usage Tips**
- **Inputs Groups**: Strategy toggles, confirmations, exits, backtest dates, and 15+ alert switches—all intuitively grouped.
- **Optimization**: Tune min strengths for aggressive (lower) or conservative (higher) trading; enable/disable filters to suit your style (e.g., disable S/R for scalping).
- **Best For**: Forex, stocks, crypto on 1H–Daily charts. Test on historical data to refine TP/SL.
- **Limitations**: No external data installs; relies on built-in TA functions. Patterns are probabilistic—combine with your risk management.
Master the candles like a grandmaster. Deploy on TradingView, backtest relentlessly, and let dominance begin! Questions? Drop a comment.
*Version: 1.0 | Updated: September 2025 | Credits: Built on Pine Script v5 with nods to Nison's timeless techniques.*
SMA Cross 5/50 with Trend Filter & Risk Management by JuggiDThe basic SMA (5/50) crossover strategy can be enhanced to improve profitability by adding filters and risk management. For example, a long entry is triggered only when the fast SMA (5) crosses above the slow SMA (50) **and** the price is above the SMA (200), ensuring trades align with the major trend. Similarly, a short entry requires the crossover confirmation plus the price staying below the SMA (200). To reduce false signals and protect capital, stop-loss and take-profit levels can be set automatically (e.g., 2% loss, 5% gain), while additional confirmation tools such as volume spikes, RSI above 50, or MACD momentum can be applied to validate stronger signals. This approach helps avoid whipsaws in sideways markets and allows trades to capture larger moves while minimizing downside risk.
QQQ Ladder → Adjusted to Active Ticker (5s & 10s)This indicator allows you to a grid of QQQ levels directly on futures chart like NQ, MNQ, ES and MES, automatically adjusting for the spread between the displayed symbol and QQQ. This is particularly useful for traders who perform technical analysis on QQQ but execute trades on Futures.
Features:
Renders every 5 and 10 points steps of QQQ in your current chart.
The script adjusts these levels in real-time based on the current spread between QQQ and the displayed symbol!
Plots updated horizontal lines that move with the spread
Supports Multiple Tickers, ES1!, MES1!, NQ1!, MNQ1! SPY and SPX500USD.
Strong Candle Detector (Candles Close UP/DOWN)The Strong Candle Detector highlights candles that close decisively above or below the previous candle’s range, which means the resting liquidity of the previous candle has been entirely absorbed.
How it works:
A candle is considered Bullish (UP) when its close is higher than the previous candle’s high.
A candle is considered Bearish (DOWN) when its close is lower than the previous candle’s low.
This tool helps traders:
Spot strong breakouts or breakdowns.
Know when a liquidity sweep of a previous candle's extremes has failed
Quickly identify potential momentum continuation or reversal points.
Improve chart clarity by emphasizing only significant candles.
⚠️ Note: This indicator does not provide buy/sell signals. It is meant as a visual aid to support your trading strategy.
Multi-Indicator Panel (RSI, Stoch, MACD, VIX Fix, MFI)A versatile single-pane oscillator panel combining RSI, Stochastic, MACD (scaled to 0–100), Williams VIX Fix (normalized & inverted: low value = high fear), and MFI. Each module is toggleable, with reference levels, background highlights, and ready-made alerts.
Key features
Per-indicator toggles: RSI, Stoch %K/%D, MACD (lines + optional histogram), inverted 0–100 VIX Fix, and MFI.
Standard levels & center line at 50; adjustable overbought/oversold thresholds.
Contextual background coloring (optional) for extreme conditions.
Built-in alerts: RSI/Stoch OB/OS, MACD–Signal cross, VIX Fix “High Fear/Low Fear,” and MFI OB/OS.
Unified scale: MACD mapped around 50 to align with other oscillators; VIX Fix normalized to 0–100.
How to use (quick)
Add the indicator → enable needed modules via “Indicator Toggles.”
Tune periods & levels (e.g., RSI 14, Stoch 14/3, MACD 12-26-9, VIX Fix 22/252, MFI 14).
(Optional) Turn on MACD histogram.
Create alerts from “Add alert on…” using the provided conditions.
Interpretation notes
Inverted VIX Fix: low values ⇒ high fear/volatility (potential bounces); high values ⇒ complacency.
Scaled MACD: lines around 50 ≈ MACD zero; line crosses remain valid despite scaling.
Disclaimer
Analysis tool, not financial advice. Test across timeframes/instruments and pair with risk management.
Nifty CPR by Foresight Trading📌 Indicator Name:
Nifty CPR by Foresight Trading
📖 Description:
This indicator plots the Central Pivot Range (CPR) along with the first resistance (R1) and first support (S1) levels, calculated from the previous day’s OHLC values.
Pivot (P) = (High + Low + Close) ÷ 3
BC (Bottom Central Pivot) = (High + Low) ÷ 2
TC (Top Central Pivot) = P + (P – BC)
R1 = (2 × Pivot) – Low
S1 = (2 × Pivot) – High
✅ The CPR and pivot levels are locked for the entire trading day, so they do not repaint intraday.
✅ Plotted as colored circles (dots) across the day for clear visibility.
✅ New levels are generated only at the start of a new session.
🎯 Usage:
Traders use CPR as a trend bias tool:
Narrow CPR → higher probability of trending day.
Wide CPR → higher probability of sideways/consolidation day.
R1 and S1 act as key intraday support & resistance zones.
⚡ Best For:
Intraday traders & scalpers
Index traders (Nifty, BankNifty, Stocks etc.)
Anyone who uses Pivot Point + CPR trading strategies
Relative Strength vs. Benchmark (相對強度)This "Relative Strength vs. Benchmark" indicator helps you see a stock's true performance against a benchmark (like the S&P 500) at a glance. By calculating the price ratio between the two, it strips away the overall market noise, allowing you to focus on identifying true market leaders and underperforming laggards.
How It Works
Core Formula: Relative Strength = Stock Price / Benchmark Index Price
A Rising Line: Means the stock is outperforming the benchmark.
A Falling Line: Means the stock is underperforming the benchmark.
The indicator also includes a Moving Average (MA) of the Relative Strength line itself. This MA helps to confirm the trend of relative strength and filter out short-term noise.
How to Use
Find Market Leaders: When the market is in an uptrend or consolidating, look for stocks whose RS line is breaking out to new highs.
Avoid Laggards: If the RS line is consistently below its moving average or making new lows, the stock is significantly underperforming the market and should be treated with caution.
Trend Change Signals: A cross of the RS line above its MA can be seen as a signal that a new trend of relative outperformance is beginning. A cross below suggests the trend is weakening.
Features & Settings
Customizable Benchmark: You can change the default benchmark from TWSE:TSE to any symbol you need, such as SP:SPX for the S&P 500 or NASDAQ:NDX for the Nasdaq 100.
Adjustable MA Length: Customize the period for the RS Moving Average to fit your trading style (short-term or long-term).
Visual Toggle: Easily turn the colored background fill on or off according to your preference.
Hope you find this tool helpful in your analysis!
