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Chỉ số Sức mạnh Tương quan (RSI)

RSI Ensemble Confidence [CHE]RSI Ensemble Confidence — Measures RSI agreement across multiple lengths and price sources Summary This indicator does not just show you one RSI — it shows you how strongly dozens of different RSI variants agree with each other right now. The Confidence line (0–100) is the core idea: - High Confidence → almost all RSIs see the same thing → clean, reliable situation - Low Confidence → the RSIs contradict each other → the market is messy, RSI signals are questionable How it works (exactly as you wanted it described) 1. Multiple RSIs instead of just one The indicator builds a true ensemble: - 4 lengths (default 8, 14, 21, 34) - 6 price sources (Close, Open, High, Low, HL2, OHLC4 – individually switchable) → When everything is enabled, up to 24 different RSIs are calculated on every single bar. These 24 opinions form a real “vote” about the current market state. 2. Mean and dispersion From all active RSIs it calculates: - rsiMean → the average opinion of the entire ensemble (orange line) - rsiStd → how far the individual RSIs deviate from each other Small rsiStd = they all lie close together → strong agreement Large rsiStd = they are all over the place → contradiction 3. Confidence (0–100) The standard deviation is compared to the user parameter “Max expected StdDev” (default 20): - rsiStd = 0 → Confidence ≈ 100 - rsiStd = maxStd → Confidence ≈ 0 - Everything in between is scaled linearly If only one RSI is active, Confidence is automatically set to ~80 for practicality. What you see on the chart 1. Classic reference RSI – blue line (Close, length 14) → your familiar benchmark 2. Ensemble mean – orange line → the true consensus RSI ±1 StdDev band (optional) → shows dispersion directly: - narrow band = clean, consistent setup - wide band = the RSIs disagree → caution 3. Confidence line (aqua, 0–100) → your quality meter for any RSI signal 4. StdDev histogram (optional, fuchsia columns) → raw dispersion if you prefer the unscaled value 5. Background coloring - Greenish ≥ 80 → high agreement - Orange 60–80 → medium - Reddish < 40 → strong disagreement - Transparent below that 6. Two built-in alerts - High Confidence (crossover 80) - Low Confidence (crossunder 40) Why this indicator is practically useful 1. Perfect filter for all RSI strategies Only trade overbought/oversold, divergences, or failures when Confidence ≥ 70. Skip or reduce size when Confidence < 40. 2. Protection against overinterpretation You immediately see whether a “beautiful” RSI hook is confirmed by the other 23 variants — or whether it’s just one outlier fooling you. 3. Excellent regime detector Long periods of high Confidence = clean trends or clear overbought/oversold phases Constantly low Confidence = choppy, noisy market → RSI becomes almost useless 4. Turns gut feeling into numbers We all sometimes think “this setup somehow doesn’t feel right”. Now you have the exact number that says why. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts. Best regards and happy trading Chervolino
Chỉ báo Pine Script®
của chervolino
Institution Radar Institution Radar Institution Radar compares Price RSI with Volume-Delta RSI to show when price moves are real (backed by volume) or fake (moving without volume). This helps reveal two powerful concepts: Absorption (Bullish or Bearish) Absorption happens when a large limit order is sitting in the order book. Market orders hit it over and over, but the level doesn't break. This usually means: Strong players are absorbing the aggressive orders Price is likely to move in the opposite direction The next candle often reacts immediately Can lead to a full reversal or just a short 1–2 candle move Exhaustion (Bullish or Bearish) Exhaustion happens when institutions pull their limit orders away. There is no real volume behind the move, so price drifts up or down easily. This usually means: The current move is weak A slowdown, pullback, or reversal is likely Often shows up right before a flip in direction 📌 What the Signals Mean Green signal → next candles often push upward Red signal → next candles often push downward These can mark trend reversals or temporary 1–2 candle reactions 🎚️ Sensitivity Setting You can adjust how strict the signals are: Lower sensitivity = more signals, more noise Higher sensitivity = fewer signals, but more accurate and stronger A higher sensitivity is recommended if you only want the cleanest institutional moments.
Chỉ báo Pine Script®
của ebecihalil
Piku Pips📌 Piku Pips — Multi-Confluence Smart Signal System (EMA + Supertrend + Volume Profile + ATR Trailing + SR + RSI Climax Engine) Piku Pips is a complete multi-confluence trading system designed for scalpers, intraday traders, and swing traders who rely on precision entries and institutional-grade confirmation layers. This indicator combines trend, momentum, volatility, volume imbalance, structure breaks, smart money pivots, and exhaustion events—into a single unified charting system. It does NOT repaint, supports alerts, and works across all assets (crypto, forex, indices, stocks). 🔥 What Makes This Indicator Special? Piku Pips is built on stacked confluences instead of single-indicator signals. Each signal is only printed when multiple conditions align, significantly increasing accuracy and reducing noise. It includes: ✔ Trend Identification Fast & Slow EMA cross SuperTrend with custom ATR & factor Parabolic SAR for micro-trend confirmation ATR-based trailing stop engine (dual version for Buy & Sell) ✔ Momentum Confirmation RSI Midline model HH/LL structure detection Bull/Bear volume imbalance model ✔ Smart Volume Analysis Bullish vs Bearish VWMA volume Flat-volume filters RSI + Volume Spike + MFI exhaustion detection (Climax Module) ✔ Institutional Structure Mapping Dynamic Support & Resistance Automatic Zone Strength Ranking Breakout detection with zone coloring Pivot-based structure scanning ✔ Exhaustion + Divergence Engine (Climax Module) RSI / Stochastic RSI hybrid Macro trend smoothing (EMA/RMA/SMA/WMA selectable) High-precision RSI divergence detection (HH/LH and LL/HL) Volume spike detection Buy Climax (potential top) Sell Climax (potential bottom) This module acts like a “smart momentum brain” that identifies major reversals. 🎯 Signal Logic (Simplified) 🔹 Buy Signal (Green Triangle) Triggered when: Fast EMA crosses above Slow EMA Higher High structure forms RSI > midline or crosses above it Volume profile is bullish SuperTrend is bullish (direction < 0) 🔹 Sell Signal (Red Triangle) Triggered when: Fast EMA crosses below Slow EMA Lower Low structure forms RSI < midline or crosses below it Volume profile is bearish SuperTrend is bearish (direction > 0) 🔸 Secondary ATR Signals (Orange & Maroon) Uses Heikin-Ashi ATR trailing stop Detects micro-shifts in trend momentum Works excellent in scalping timeframes 🧠 Support & Resistance Engine The script builds dynamic SR zones based on: Pivot clustering Channel width filtering Strength scoring Automated sorting and plotting Zones: Red tint = Resistance Green tint = Support Gray tint = Neutral / In-Play Alerts trigger on clean SR breaks. ⚡ Climax Module (Exhaustion System) This system overlays major exhaustion points: 🔻 Buy Climax High-volume upward exhaustion → potential top. 🔺 Sell Climax High-volume downward exhaustion → potential bottom. 🔼 RSI Divergences Bullish divergence labeled "RSI⬆" Bearish divergence labeled "RSI⬇" Combined, these give early insight into possible reversals. 🛠 Inputs Overview 📌 Trend Inputs Fast EMA Length Slow EMA Length SuperTrend ATR + Factor SAR multipliers Buy/Sell ATR trailing stop parameters 📌 Momentum Inputs RSI length / midline Bull/Bear volume variance filter HH/LL confirmation 📌 Structure Inputs Pivot sensitivity Max SR Zones Loopback length Zone strength minimum 📌 Climax Module Inputs RSI / Stochastic lengths Smoothing method (EMA, SMA, RMA, WMA) Macro trend slope settings Pivot sensitivity for divergence Volume spike multiplier MFI thresholds Bull/Bear RSI levels 📈 How to Use Piku Pips Best Use-Cases: Scalping (1m–15m) Intraday (15m–1H) Swing trading (4H–1D) Crypto / Forex / Indices / Stocks Recommended Approach Trade in direction of EMA + Supertrend + Macro RSI regime. Enter when Piku Buy/Sell signal aligns with the trend. Use SR zones as targets or invalidation levels. Watch Climax signals for tops & bottoms. Use divergence signals for early reversals. 🔔 Alerts Included Buy Signal Sell Signal ATR Buy / Sell Buy Climax Sell Climax RSI Divergence (bullish & bearish) All-Signals alert ⚠️ Disclaimer This indicator is created for educational purposes only and does not constitute financial advice. Trading involves risk. Do your own research and backtesting before using any tool in live markets. Timeframe Fast EMA Slow EMA ATR Period Factor RSI Length Overbought/Oversold 5 Min 9 21 10 2 8 80 / 20 15 Min 10 25 10 2.5 10 75/25 1 Hour 20 50 14 3 12 70/30 4 Hour 21 50 14 3 14 70/30 1 Day 20 100 14 3.5 14 70/30 Please use this settings for accurate results
Chỉ báo Pine Script®
của mythscripts
Weighted RSI DivergenceWeighted RSI Divergence A powerful divergence engine that grades every RSI divergence by strength, context, and confluence — helping you filter noise and focus only on the highest-probability reversal setups. This script combines RSI divergences with five confirmation layers to produce confidence-weighted signals, clearer trade decisions, and alert-ready setups for both bullish and bearish reversals. What This Indicator Detects Bullish Divergence → Price makes a lower low while RSI makes a higher low Bearish Divergence → Price makes a higher high while RSI makes a lower high Confirmation Factors (Each Adds +1 to the Score) Volume Spike: Above-average volume on the divergence bar Trend Alignment: Divergence occurs in harmony with higher-timeframe trend dynamics Key Level Proximity: Price tests significant support or resistance Momentum Extremes: RSI reaches oversold/overbought thresholds Candle Reversal Pattern: Engulfing, pin bar, or similar reversal structure Confidence Scoring 1–2 → Low Confidence (gray) 3 → Medium Confidence (yellow) 4–5 → High Confidence (green/red) Higher scores = higher-probability setups. Visual Components RSI plot with dynamic gradient coloring Divergence lines mapped to RSI pivots Signal labels showing confidence + factors Background highlighting for high-confidence events Real-time confidence meter for active bar conditions Optional data table for factor-by-factor breakdown Alerts Included High-confidence bullish & bearish divergences Medium-confidence signals Any divergence meeting your minimum threshold Best Practices Prioritize setups with 4 or 5 confirmations Use higher timeframes (4H, 1D, 1W) for more reliable signals Combine with market structure and price action (S/R, HTF trend, liquidity zones) Counter-trend divergences require stronger scores to validate Final Notes This script focuses on clarity, risk reduction, and selective trade timing. The confidence system helps distinguish weak divergences from high-probability reversal conditions — giving traders a structured, repeatable edge.
Chỉ báo Pine Script®
của kingthies
RSI VWAP EMA ON CHART1. Understand the components VWAP (Volume Weighted Average Price) Green: price is above VWAP → bullish trend Red: price is below VWAP → bearish trend Blue: price exactly at VWAP → neutral Acts as a dynamic trend line and support/resistance. 4 Moving Averages (MA1–MA4) Customizable lengths and type (SMA or EMA). Useful for trend confirmation and dynamic support/resistance. Typically: MA1 = fastest (short-term) MA4 = slowest (long-term) When price is above multiple MAs → strong bullish trend; below → bearish trend. RSI Overlay with VWAP Alignment RSI line normalized to price scale. Background shading indicates momentum aligned with VWAP trend: Green shading: RSI > 50 and price above VWAP → bullish momentum Red shading: RSI < 50 and price below VWAP → bearish momentum Gray areas: neutral or momentum does not align with VWAP. 2. Basic usage workflow Trend Confirmation Look at VWAP color: price above → bullish, below → bearish. Check RSI + VWAP shading: green confirms bullish momentum, red confirms bearish momentum. Check MA alignment: shorter MAs above longer MAs = stronger bullish trend; vice versa for bearish. Entry Signals (Scalping) Long (Buy) Setup Price above VWAP (green) RSI green shading (RSI > 50) Shorter MAs above longer MAs (trend support) Short (Sell) Setup Price below VWAP (red) RSI red shading (RSI < 50) Shorter MAs below longer MAs Exits / Stops Exit if price closes against VWAP trend (e.g., price drops below VWAP during a bullish trade). Use nearest MA support/resistance as stop-loss or take-profit zones. 3. Optional adjustments for scalping RSI length / thresholds Shorter RSI (7–10) → faster response for scalping. Standard RSI (14) → smoother, fewer false signals. MA lengths Short-term: 20–50 Medium-term: 50–100 Long-term: 100–200 Can tweak for the timeframe you trade (1m, 5m, 15m). Timeframe VWAP works best on intraday charts (1m, 5m, 15m). Use higher timeframe (e.g., 15m or 1h) for trend direction and lower timeframe (1m–5m) for entries. 4. Example Scalping Setup Bullish setup (buy): Price above VWAP → VWAP green RSI > 50 and green shading Shorter MAs above longer MAs Enter on small pullback or breakout Stop: below nearest MA or VWAP Bearish setup (sell): Price below VWAP → VWAP red RSI < 50 and red shading Shorter MAs below longer MAs Enter on minor bounce or breakdown Stop: above nearest MA or VWAP 5. Visual cues summary Element Interpretation VWAP Green Price above VWAP → bullish trend VWAP Red Price below VWAP → bearish trend RSI Green Shading Bullish momentum aligns with VWAP RSI Red Shading Bearish momentum aligns with VWAP MA Alignment Trend strength (short above long = bullish, short below long = bearish)
Chỉ báo Pine Script®
của Simon20cent
VWAP + 4 MAs with RSI Overlay & VWAP Alignment1. Understand the components VWAP (Volume Weighted Average Price) Green: price is above VWAP → bullish trend Red: price is below VWAP → bearish trend Blue: price exactly at VWAP → neutral Acts as a dynamic trend line and support/resistance. 4 Moving Averages (MA1–MA4) Customizable lengths and type (SMA or EMA). Useful for trend confirmation and dynamic support/resistance. Typically: MA1 = fastest (short-term) MA4 = slowest (long-term) When price is above multiple MAs → strong bullish trend; below → bearish trend. RSI Overlay with VWAP Alignment RSI line normalized to price scale. Background shading indicates momentum aligned with VWAP trend: Green shading: RSI > 50 and price above VWAP → bullish momentum Red shading: RSI < 50 and price below VWAP → bearish momentum Gray areas: neutral or momentum does not align with VWAP. 2. Basic usage workflow Trend Confirmation Look at VWAP color: price above → bullish, below → bearish. Check RSI + VWAP shading: green confirms bullish momentum, red confirms bearish momentum. Check MA alignment: shorter MAs above longer MAs = stronger bullish trend; vice versa for bearish. Entry Signals (Scalping) Long (Buy) Setup Price above VWAP (green) RSI green shading (RSI > 50) Shorter MAs above longer MAs (trend support) Short (Sell) Setup Price below VWAP (red) RSI red shading (RSI < 50) Shorter MAs below longer MAs Exits / Stops Exit if price closes against VWAP trend (e.g., price drops below VWAP during a bullish trade). Use nearest MA support/resistance as stop-loss or take-profit zones. 3. Optional adjustments for scalping RSI length / thresholds Shorter RSI (7–10) → faster response for scalping. Standard RSI (14) → smoother, fewer false signals. MA lengths Short-term: 20–50 Medium-term: 50–100 Long-term: 100–200 Can tweak for the timeframe you trade (1m, 5m, 15m). Timeframe VWAP works best on intraday charts (1m, 5m, 15m). Use higher timeframe (e.g., 15m or 1h) for trend direction and lower timeframe (1m–5m) for entries. 4. Example Scalping Setup Bullish setup (buy): Price above VWAP → VWAP green RSI > 50 and green shading Shorter MAs above longer MAs Enter on small pullback or breakout Stop: below nearest MA or VWAP Bearish setup (sell): Price below VWAP → VWAP red RSI < 50 and red shading Shorter MAs below longer MAs Enter on minor bounce or breakdown Stop: above nearest MA or VWAP 5. Visual cues summary Element Interpretation VWAP Green Price above VWAP → bullish trend VWAP Red Price below VWAP → bearish trend RSI Green Shading Bullish momentum aligns with VWAP RSI Red Shading Bearish momentum aligns with VWAP MA Alignment Trend strength (short above long = bullish, short below long = bearish)
Chỉ báo Pine Script®
của Simon20cent
1
RSI Divergence (Regular + Hidden, @darshakssc)This indicator detects regular and hidden divergence between price and RSI, using confirmed swing highs and swing lows (pivots) on both series. It is designed as a visual analysis tool, not as a signal generator or trading system. The goal is to highlight moments where price action and RSI momentum move in different directions, which some traders study as potential early warnings of trend exhaustion or trend continuation. All divergence signals are only drawn after a pivot is fully confirmed, helping to avoid repainting. The script supports four divergence types: Regular Bullish Divergence Regular Bearish Divergence Hidden Bullish Divergence Hidden Bearish Divergence Each type is drawn with a different color and labeled clearly on the chart. Core Concepts Used 1. RSI (Relative Strength Index) The script uses standard RSI, calculated on a configurable input source (default: close) and length (default: 14). RSI is treated purely as a momentum oscillator – the script does not enforce oversold/overbought interpretations. 2. Pivots / Swings The indicator defines swing highs and swing lows using ta.pivothigh() and ta.pivotlow(): A swing high forms when a bar’s high is higher than a specified number of bars to the left and to the right. A swing low forms when a bar’s low is lower than a specified number of bars to the left and to the right. The same pivot logic is applied to both price and RSI. Because pivots require “right side” bars to form, the indicator: Waits for the full pivot to be confirmed (no forward-looking referencing beyond the rightBars parameter). Only then considers that pivot for divergence detection. This helps prevent repainting of divergence signals. How Divergence Is Detected The script always uses the two most recent confirmed pivots for both price and RSI. It tracks: Last two swing lows in price and RSI Last two swing highs in price and RSI Their pivot bar indexes and values A basic minimum distance filter between the pivots (in bars) is also applied to reduce noise. 1. Regular Bullish Divergence Condition: Price makes a lower low (LL) between the last two lows RSI makes a higher low (HL) over the same two pivot lows The RSI difference between the two lows is greater than or equal to the user-defined minimum (Min RSI Difference) The two low pivots are separated by at least Min Bars Between Swings Interpretation: Some traders view this as bearish momentum weakening while price prints a new low. The script only marks this structure; it does not assume any outcome. On the chart: Drawn between the previous and current price swing lows Labeled: “Regular Bullish” Color: Green (by default in the script) 2. Regular Bearish Divergence Condition: Price makes a higher high (HH) between the last two highs RSI makes a lower high (LH) over the same two pivot highs RSI difference exceeds Min RSI Difference Pivots are separated by at least Min Bars Between Swings Interpretation: Some traders see this as bullish momentum weakening while price prints a new high. Again, the indicator simply highlights this divergence. On the chart: Drawn between the previous and current price swing highs Labeled: “Regular Bearish” Color: Red 3. Hidden Bullish Divergence Condition: Price makes a higher low (HL) between the last two lows RSI makes a lower low (LL) over the same two lows RSI difference exceeds Min RSI Difference Pivots meet the minimum distance requirement Interpretation: Some traders interpret hidden bullish divergence as a potential trend continuation signal within an existing uptrend. The indicator does not classify trends; it just tags the pattern when price and RSI pivots meet the conditions. On the chart: Drawn between the previous and current price swing lows Labeled: “Hidden Bullish” Color: Teal 4. Hidden Bearish Divergence Condition: Price makes a lower high (LH) between the last two highs RSI makes a higher high (HH) over those highs RSI difference exceeds Min RSI Difference Pivots meet the minimum distance filter Interpretation: Some traders associate hidden bearish divergence with potential downtrend continuation, but again, this script only visualizes the structure. On the chart: Drawn between the previous and current price swing highs Labeled: “Hidden Bearish” Color: Orange Inputs and Settings 1. RSI Settings RSI Source – Price source for RSI (default: close). RSI Length – Period for RSI calculation (default: 14). These control the responsiveness of the RSI. Shorter lengths may show more frequent divergence; longer lengths smooth the signal. 2. Swing / Pivot Settings Left Swing Bars (leftBars) Right Swing Bars (rightBars) These define how strict the pivot detection is: Higher values → fewer, more significant swings Lower values → more swings, more signals Because the script uses ta.pivothigh / ta.pivotlow, a pivot is only confirmed once rightBars candles have closed after the candidate bar. This is an intentional design to reduce repainting and make pivots stable. 3. Divergence Filters Min Bars Between Swings (Min Bars Between Swings) Requires a minimum bar distance between the two pivots used to form divergence. Helps avoid clutter from pivots that are too close to each other. Min RSI Difference (Min RSI Difference) Requires a minimum absolute difference between RSI values at the two pivots. Filters out very minor changes in RSI that may not be meaningful. 4. Visibility Toggles Show Regular Divergence Show Hidden Divergence You can choose to display: Both regular and hidden divergence, or Only regular divergence, or Only hidden divergence This is useful if you prefer to focus on one type of structure. 5. Alerts Enable Alerts When enabled, the script exposes four alert conditions: Regular Bullish Divergence Confirmed Regular Bearish Divergence Confirmed Hidden Bullish Divergence Confirmed Hidden Bearish Divergence Confirmed Each alert fires after the corresponding divergence has been fully confirmed based on the pivot and bar confirmation logic. The script does not issue rapid or intrabar signals; it uses confirmed historical conditions. You can set these in the TradingView Alerts dialog by choosing this indicator and selecting the desired condition. Visual Elements On the main price chart, the indicator: Draws a line between the two price pivots involved in the divergence. Adds a small label at the latest pivot, describing the divergence type. Colors are used to differentiate divergence categories (Green/Red/Teal/Orange). This makes it easy to visually scan the chart for zones where price and RSI have diverged. What to Look For (Analytical Use) This indicator is intended as a visual helper, especially when: You want to quickly see where price made new highs or lows while RSI did not confirm them in the same way. You are studying momentum exhaustion, shifts, or continuation using RSI divergence as one of many tools. You want to compare divergence occurrences across different timeframes or instruments. Important: The indicator does not tell you when to enter or exit trades. It does not rank or validate the “quality” of a divergence. Divergence can persist or fail; it is not a guarantee of reversal or continuation. Many traders combine divergence analysis with: Higher timeframe context Trend filters (moving averages, structure) Support/resistance zones or liquidity areas Volume, structure breaks, or other confirmations Disclaimer This script is provided for educational and analytical purposes only. It does not constitute financial advice, trading advice, or investment recommendations. No part of this indicator is intended to suggest, encourage, or guarantee any specific trading outcome. Users are solely responsible for their own decisions and risk management.
Chỉ báo Pine Script®
của darshakssc
12
Delta Volume RSI1. Introduction The Delta Volume RSI (Relative Strength Index based on Volume Delta) indicator provides a unique perspective on market momentum by analyzing the average gains and losses of the volume delta —the difference between buying and selling volume—over a specified period. Unlike traditional RSI, which focuses on price changes, this indicator evaluates shifts in market participation intensity, helping traders detect periods of accumulation and distribution through volume action. 2. Key Features - Volume-Based Calculation: Computes RSI using the average gains and losses of delta volume rather than price changes, offering insights into buying/selling pressure. - Dynamic Color Coding: Paints the indicator line green when above the 50 level, and red when below, enabling quick visual identification of momentum shifts around neutrality. - Reference Levels: Clearly displays overbought (70), neutral (50), and oversold (30) lines for context on volume-driven market extremes. - Customizable Period: Users can set the period for RSI calculation to fit their trading style and timeframe preferences. 3. How to Use 1. Interpret Colors: The indicator line turns green when volume delta momentum is bullish (above 50) and red when bearish (below 50). Overbought and oversold zones (above 70 or below 30) may highlight exhaustion in volume-driven pushes. 2. Adjustment: Modify the RSI period in the settings to tailor responsiveness. 3. Reference Line: Use the dashed gray line at 50 as a core threshold for detecting transitions between buyer and seller dominance. How It Differs From Standard RSI The standard RSI uses changes in closing price to calculate market momentum. In contrast, this indicator calculates RSI using the average gains and losses of the delta volume , capturing underlying shifts in buying and selling activity—even when price is flat. This makes the Delta Volume RSI especially useful for identifying divergence between volume flow and price movement, potentially signaling strong accumulation/distribution or market reversals not visible on price-based RSI alone.
Chỉ báo Pine Script®
của destrobr0685
RSI PriceThe relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of 0 to 100. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. In addition to identifying overbought and oversold securities, the RSI can also indicate securities that may be primed for a trend reversal or a corrective pullback in price.
Chỉ báo Pine Script®
của ryan027
1
TradingBot - Multi-RSI Histogram & Signal SmootherMulti-RSI Histogram & Signal Smoother This indicator combines three RSI calculations and transforms their relative differences into a histogram, allowing users to observe shifts in momentum and market character in a structured, visual format. The goal of this tool is to present RSI-based relationships in a way that is easier to interpret compared to individual RSI lines, especially in environments where price moves between trending and ranging behaviour. -------------------------------------------------------------------------------- How It Works (Objective Explanation) -------------------------------------------------------------------------------- - The script calculates three RSI values using different lengths. - It measures their relative differences (RSI3–RSI7, RSI7–RSI14, RSI3–RSI14). - These three difference values are combined into a single histogram. - A moving average (EMA) of the histogram is plotted to highlight short-term changes in the aggregated signal. This approach allows users to view how multiple RSI speeds diverge or converge, which may help them evaluate momentum shifts. The histogram uses a gradient color scale purely for visual clarity. -------------------------------------------------------------------------------- What the Indicator Shows (Non-Promotional) -------------------------------------------------------------------------------- - Increasing histogram values simply mean the faster RSIs are rising relatively stronger than the slower RSIs. - Decreasing histogram values indicate the opposite — fast RSIs weakening relative to slower ones. - The EMA line smooths the raw histogram to make the changes easier to observe. This indicator does not predict future price movement. It only reflects the real-time relationship between different RSI settings. -------------------------------------------------------------------------------- Possible Use Cases (Allowed Under TradingView Rules) -------------------------------------------------------------------------------- These are general technical-analysis use cases, not financial advice: 1. Identifying momentum compression or expansion - When the histogram stays near zero, the different RSIs are close together. - This may occur during consolidation phases. 2. Observing momentum transitions - A shift from negative to positive values (or vice versa) shows a relative change in RSI behaviour. - The EMA may help users track such transitions more smoothly. 3. Supporting existing strategies - This indicator can be used as an additional layer of confirmation in systems that already rely on momentum or RSI-based tools. - It should not be used as a standalone decision-making tool. -------------------------------------------------------------------------------- Important Notes (Required for House-Rule Compliance) -------------------------------------------------------------------------------- - This indicator does not generate buy or sell signals. - It is not a guarantee of performance and should not be interpreted as financial advice. - Past performance of any technical method does not ensure future outcomes. - Users should test this script and adjust parameters based on their own preferences and trading approach.
Chỉ báo Pine Script®
của algo_coders
Luxy Sector & Industry RS AnalyzerEver wonder why some stocks soar while others in the same sector barely move? Or why your perfectly timed entry still loses money? Possibly the answer can be found in Relative Strength. The Luxy Sector & Industry RS Analyzer solves a critical problem that most traders overlook: picking strong stocks in strong sectors AND strong industries . It's not enough for a stock to go up - you want stocks that are crushing their competition at both the sector AND industry level. This indicator does the heavy lifting by automatically comparing your stock against its sector ETF, industry ETF, the broader market, sector leader, and industry leader, giving you a complete multi-level picture of relative performance. What makes this different? - Automatic sector AND industry detection - no manual setup required - Multi-level hierarchy analysis: Market → Sector → Industry → Stock - Multi-timeframe analysis (1 month to 1 year) in one glance - Industry ETF mapping (30+ industries covered) - Clear 0-100 scoring system with letter grades (A+ to F) - Works on stocks, crypto, forex, and commodities - Real-time updates with anti-repaint protection Think of it as your performance dashboard - instantly showing you if you're trading a champion or a laggard at every level of the market hierarchy. METHODOLOGY & ATTRIBUTION This indicator is based on classical Relative Strength (RS) analysis principles from technical analysis. RS methodology compares an asset's price performance against a benchmark to identify relative outperformance or underperformance. This concept has been used by professional traders and institutions for decades. Key Concepts Used: Relative Strength (RS) - Classical technical analysis concept measuring comparative performance Multi-Level Hierarchy Analysis - Market → Sector → Industry → Stock comparison Sector Rotation Analysis - Identifying which sectors are leading or lagging the market Industry Rotation Analysis - Identifying which industries are leading within their sectors Multi-period Performance Analysis - Evaluating strength across multiple timeframes Beta Calculation - Standard statistical measure of volatility relative to a benchmark DISCLAIMER: This indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Past performance does not guarantee future results. Trading involves risk and may not be suitable for all investors. Always do your own research and consult with a financial advisor before making investment decisions. with all rows visible - capture when stock has strong RS score (70+) so users can see what a "good" setup looks like] WHAT THE INDICATOR SHOWS 1. AUTOMATIC ASSET TYPE DETECTION The indicator automatically identifies what you're analyzing and adjusts accordingly: Stocks - Compares to sector ETF (XLK, XLF, XLV, etc.) and SPY Crypto - Compares to Total Crypto Market Cap and Bitcoin Forex - Compares to relevant currency index (DXY, EXY, etc.) Commodities - Compares to Gold (GLD) as benchmark Indices - Compares to broader market indices How it works: The indicator reads your chart's asset type and ticker, then automatically maps it to the correct sector or benchmark. For stocks, it uses intelligent sector detection (looking at the sector field) to match you with the right sector ETF. For example: - Technology stocks get compared to XLK (Technology Select Sector SPDR) - Financial stocks get compared to XLF (Financial Select Sector SPDR) - Healthcare stocks get compared to XLV (Health Care Select Sector SPDR) This happens instantly when you add the indicator to any chart - no configuration needed. 2. SECTOR & MARKET BENCHMARKS What is a Sector ETF? A sector ETF is an exchange-traded fund that tracks a specific industry group. For example, XLK contains all major technology companies. By comparing your stock to its sector ETF, you can see if your stock is outperforming or underperforming its peers. The indicator shows three key comparison points: Stock vs Sector (Benchmark) This tells you how your stock performs compared to companies in the same industry. Positive numbers mean your stock is beating the sector average. Negative numbers mean it's lagging behind. Stock vs Market (SPY) This shows performance against the broader S&P 500 index. This is important because even if a stock beats its sector, the entire sector might be weak. You want stocks that beat both their sector AND the market. Sector vs Market This reveals "sector rotation" - whether money is flowing into or out of this sector. When this number is positive, the whole sector is hot and leading the market. This is powerful because strong sectors tend to lift all boats, making it easier to find winners. 3. MULTI-PERIOD PERFORMANCE ANALYSIS The indicator calculates performance across four timeframes simultaneously: 1 Month (1M) - Recent short-term momentum 3 Months (3M) - Medium-term trend strength 6 Months (6M) - Longer-term positioning 1 Year (1Y) - Full-cycle performance view Why multiple periods matter: A stock might look great over 1 month but terrible over 6 months - that's a red flag. The best stocks show consistent strength across all timeframes . When you see positive RS (Relative Strength) values across all four periods, you've found a stock with sustained outperformance. Each row in the table shows: - Raw performance percentage for that period - RS value (the difference compared to benchmark) - Color coding: Green for positive, red for negative, white for neutral 4. SECTOR LEADER COMPARISON The indicator automatically identifies and compares your stock to the sector leader - the dominant stock in that industry. Sector leaders by industry: Technology: Apple (AAPL) Healthcare: UnitedHealth (UNH) Financial: JPMorgan Chase (JPM) Energy: ExxonMobil (XOM) Consumer Discretionary: Amazon (AMZN) Consumer Staples: Walmart (WMT) And more... Why this matters: Comparing to the leader shows you if you're trading a champion or a follower. If your stock consistently beats the sector leader, you've found something special. If it's lagging the leader, you might want to trade the leader instead. Optional Custom Leader: You can override the automatic leader and compare to any stock you choose. This is useful if you want to benchmark against a specific competitor or reference stock. NEW! INDUSTRY ANALYSIS (STOCKS ONLY) The indicator now provides multi-level analysis by automatically detecting and comparing your stock to its specific industry , not just the broad sector. Why Industry matters: Technology sector (XLK) contains many different industries: Software, Semiconductors, Hardware, etc. A software stock might beat the broad tech sector but lag behind other software companies. Industry analysis provides this granular view. Industry ETF Mapping (30+ industries): Software/Applications: IGV (iShares Software ETF) Semiconductors: SMH (VanEck Semiconductor ETF) Biotech: IBB (iShares Biotechnology ETF) Pharmaceuticals: XPH (SPDR Pharmaceuticals ETF) Banks: KBE (SPDR S&P Bank ETF) Regional Banks: KRE (SPDR Regional Banking ETF) Oil & Gas Exploration: XOP (SPDR Oil & Gas Exploration ETF) Homebuilders: XHB (SPDR Homebuilders ETF) Retail: XRT (SPDR S&P Retail ETF) Aerospace & Defense: ITA (iShares U.S. Aerospace & Defense ETF) And many more... Industry Leader Mapping: The indicator also identifies the leader within each industry: Software: Microsoft (MSFT) Semiconductors: NVIDIA (NVDA) Biotech: Amgen (AMGN) Pharmaceuticals: Eli Lilly (LLY) Banks: JPMorgan (JPM) Oil Exploration: ConocoPhillips (COP) And more... New Table Rows for Stocks: Industry ETF Performance - How the specific industry performed (green background) Industry Leader Performance - How the top stock in the industry performed vs Industry RS - Your stock's outperformance vs its industry ETF Industry vs Sector RS - Is this industry hot or cold within its sector? vs Industry Leader RS - Your stock's performance vs the industry's best Why this is powerful: A stock that beats both its sector AND its industry is showing strength at every level. This indicates true relative strength, not just riding sector-wide momentum. Optional Custom Industry: You can override automatic detection for both Industry ETF and Industry Leader in settings. 5. RS SCORE & GRADING SYSTEM (0-100) The heart of the indicator is the RS Score - a weighted calculation that distills all the performance data into one clear number from 0 to 100. How the score is calculated: FOR STOCKS (with Industry data): The indicator splits the weight between Sector (60%) and Industry (40%): SECTOR RS (60% of total weight): 1 Month RS: 24% weight (40% × 0.6) 3 Month RS: 18% weight (30% × 0.6) 6 Month RS: 12% weight (20% × 0.6) 1 Year RS: 6% weight (10% × 0.6) INDUSTRY RS (40% of total weight): 1 Month RS: 16% weight (40% × 0.4) 3 Month RS: 12% weight (30% × 0.4) 6 Month RS: 8% weight (20% × 0.4) 1 Year RS: 4% weight (10% × 0.4) FOR OTHER ASSETS (Crypto, Forex, Commodities): Uses full 100% weight on benchmark: 1 Month RS: 40% weight 3 Month RS: 30% weight 6 Month RS: 20% weight 1 Year RS: 10% weight It starts at 50 (neutral) and adds or subtracts points based on your asset's relative strength in each period. Bonus points: +5 points if the sector is outperforming the market (sector rotation is bullish) +5 points if the industry is outperforming its sector (hot industry) - STOCKS ONLY +5 points if RS momentum is improving (getting stronger over time) -5 points if RS momentum is declining (getting weaker) The final score is capped between 0-100. Letter Grade System: 90-100: A+ - Elite performer, crushing the sector 85-89: A - Excellent, strong outperformer 80-84: A- - Very good, above average 75-79: B+ - Good, solid performer 70-74: B - Above average, decent strength 65-69: B- - Slightly above average 60-64: C+ - Average, neutral strength 55-59: C - Below average 50-54: C- - Weak, slight underperformance 45-49: D+ - Concerning weakness 40-44: D - Poor, significant underperformance 0-39: F - Failing, avoid this stock What scores mean for trading: - RS Score above 70: Strong stocks worth considering for long positions - RS Score 50-70: Average stocks, better opportunities elsewhere - RS Score below 50: Weak stocks, avoid or consider for shorts 6. CONSISTENCY SCORE This metric shows what percentage of time periods show positive RS . For STOCKS (with Industry data): Counts both Sector RS periods AND Industry RS periods (up to 8 total periods): - If a stock beats both sector and industry in all 4 periods each: Consistency = 100% (8/8) - If it beats in 6 out of 8 total periods: Consistency = 75% - If it beats in 4 out of 8 total periods: Consistency = 50% For OTHER ASSETS: Counts benchmark periods only (4 total): - If it beats benchmark in all 4 periods (1M, 3M, 6M, 1Y): Consistency = 100% - If it beats in 3 out of 4 periods: Consistency = 75% - If it beats in 2 out of 4 periods: Consistency = 50% Why consistency matters: A high RS Score with low consistency might indicate a recent spike that could fade. The best stocks show both high RS Score AND high consistency - they're strong now AND have been strong historically at both the sector AND industry level. Look for stocks with: Consistency above 75%: Very reliable strength across all levels Consistency 50-75%: Decent but check other metrics Consistency below 50%: Weak or erratic, proceed with caution 7. BETA CALCULATION (Volatility Measure) Beta measures how much more volatile your stock is compared to its sector. Beta > 1.2 : High volatility - stock moves more aggressively than sector (marked as "High") Beta 0.8-1.2 : Normal volatility - moves roughly in line with sector Beta < 0.8 : Low volatility - stock is more stable than sector (marked as "Low") Formula used: Beta = Correlation(Stock, Sector) × (Standard Deviation of Stock / Standard Deviation of Sector) This uses a 20-period calculation for reliability. How to use Beta: - High Beta stocks offer bigger gains but also bigger risks - good for aggressive traders - Low Beta stocks are more defensive - good for conservative positions - Match Beta to your risk tolerance and strategy 8. DAYS ABOVE/BELOW SECTOR This tracks consecutive periods (bars) where your stock outperforms or underperforms its sector. Days Above Sector: Counts how many bars in a row your stock has beaten the sector. 10+ days: Strong sustained strength (shown in bright green) 5-9 days: Building momentum (shown in yellow) 1-4 days: Early strength (shown in white) 0 days: Not currently outperforming Days Below Sector: Counts how many bars in a row your stock has lagged the sector. 10+ days: Sustained weakness (shown in bright red) 5-9 days: Losing momentum (shown in orange) 1-4 days: Minor weakness (shown in white) 0 days: Not underperforming (this is good!) Why this matters: Long streaks show trend persistence. A stock with 15+ days above sector is riding strong momentum. A stock with 15+ days below sector is in a sustained downtrend relative to peers. 9. PRICE VS 52-WEEK HIGH Shows where current price sits relative to its 52-week high (or equivalent for your timeframe). 95%+ (green) : Stock is near all-time highs - strong positioning 80-94% (yellow) : Stock is in a pullback but still relatively strong Below 80% : Stock has pulled back significantly from highs Why this matters: The strongest stocks stay near their highs. When you see a stock with high RS Score AND price near 52W high, you've found a stock with institutional support and strong buying pressure. 10. RELATIVE VOLUME Compares current volume to the 20-period average volume. 1.5x+ (green) : High volume - significant interest and participation Around 1.0x : Average volume - normal trading activity Below 1.0x : Low volume - less interest or inactive period Why volume matters: High relative volume confirms price moves. When a stock makes a strong move on 2x or 3x normal volume, it's more likely to sustain. Low volume moves are often just noise. 11. AVERAGE RS STRENGTH This calculates the average absolute value of all RS readings across the four timeframes. It shows the magnitude of divergence from the sector, regardless of direction. A high number means the stock moves very differently from its sector (could be much stronger or much weaker). A low number means it tracks closely with the sector. High Average RS: Stock has strong character, moves independently Low Average RS: Stock follows sector closely, lacks individual strength 12. SECTOR ROTATION SIGNAL This indicator automatically detects when a sector is experiencing bullish rotation - meaning money is flowing into the sector and it's outperforming the broader market. Condition for bullish rotation: Sector must be beating SPY (market) in both 1-month AND 3-month periods. Why this matters: Stocks in hot sectors tend to perform better because they have tailwinds from sector-wide buying. When sector rotation is bullish and your stock has a high RS Score, you've found an ideal setup. The indicator adds +5 bonus points to the RS Score when sector rotation is bullish. 13. MOMENTUM DETECTION The indicator compares 1-month RS to 3-month RS to detect if momentum is improving or declining. RS Momentum Improving: 1M RS is better than 3M RS - stock is getting stronger (adds +5 to score) RS Momentum Declining: 1M RS is worse than 3M RS - stock is getting weaker (subtracts -5 from score) Why momentum matters: You want to catch stocks as momentum is building, not after it's already peaked. Improving momentum suggests the strength is accelerating, not fading. 14. OVERALL ASSESSMENT & RECOMMENDATION The indicator provides two quick summary rows: Overall Rating: Based on grade and RS Score, you get an instant quality rating: Strong Leader (A/A+) - Top tier stock, crushing it Above Average (A-/B+) - Solid performer, better than most Average (B/B-) - Middle of the pack Below Average (C/C+) - Struggling, watch carefully Underperformer (D/F) - Weak stock, underperforming badly Trading Signal: Combines multiple factors to give setup quality: STRONG BUY SETUP - RS Score 70+, Consistency 75+, AND sector rotation bullish. This is the perfect storm - strong stock, consistent strength, hot sector. BULLISH - RS Score 60+, Consistency 50+. Good quality stock worth considering. NEUTRAL - RS Score 50+. Okay but not exciting, better opportunities exist. WEAK - RS Score 40-49. Below average, risky. AVOID - RS Score below 40. Stay away, too weak. IMPORTANT: These are educational signals only, not financial advice. Always do your own analysis and risk management. KEY FEATURES 1. AUTOMATIC EVERYTHING - Auto-detects asset type (stock, crypto, forex, commodity, index) - Auto-maps stocks to correct sector ETF (11 sectors covered) - Auto-maps stocks to correct industry ETF (30+ industries covered) - Auto-identifies sector leader AND industry leader - Auto-selects appropriate market benchmark - Zero configuration required - just add to chart 2. MULTI-ASSET SUPPORT Works on all asset classes: US Stocks - Compares to sector ETFs (XLK, XLF, XLV, etc.) Crypto - Compares to Total Crypto Market Cap Forex - Compares to currency indices (DXY, EXY, etc.) Commodities - Compares to Gold (GLD) Indices - Compares to broader market benchmarks 3. FLEXIBLE DISPLAY 9 table positions (top/middle/bottom, left/center/right) 4 size options (tiny, small, normal, large) Show/hide table completely Real-time indicator toggle 4. TIMEFRAME FLEXIBILITY Choose your analysis timeframe: Chart Timeframe (default) - Uses whatever timeframe your chart is on Fixed: 1 Hour, 4 Hours, Daily, Weekly - Forces calculations to specific timeframe This means you can be on a 5-minute chart but analyze RS on Daily timeframe if you prefer. 5. RS SCORE FILTERING Set a minimum RS Score threshold to only see strong stocks: Set to 0 - Shows all stocks Set to 70 - Only displays stocks with RS Score 70+ (strong stocks only) Warning message displays if stock doesn't meet threshold Perfect for screening - quickly scan multiple charts and the indicator only shows tables for stocks that pass your quality filter. 6. CUSTOM LEADER COMPARISON Override automatic leader detection: Compare to any ticker you choose Benchmark against specific competitors Use your own reference stocks 7. COMPREHENSIVE TOOLTIPS Every input parameter and every table row has detailed tooltips explaining: What the metric measures How to interpret the values What thresholds indicate strength/weakness Why it matters for trading Hover over any element to learn - it's like having a trading coach built in. 8. SMART ALERTS Built-in alert system for key events: Divergence Alerts: Get notified when your stock diverges significantly from its sector. Bullish Divergence: Stock beating sector by threshold percentage Bearish Divergence: Stock losing to sector by threshold percentage Set your threshold (default 5%) - this determines how big a divergence triggers the alert. RS Score Alerts: Get notified when RS Score crosses your threshold: Crossed Above: RS Score went from below to above your threshold (bullish) Crossed Below: RS Score dropped from above to below threshold (bearish) Set your threshold (default 70) to focus on strong stocks. Sector Rotation Alert: Fires when sector shows bullish rotation (outperforming market). HOW TO USE THE INDICATOR FOR SWING TRADERS: 1. Add indicator to your watchlist stocks 2. Look for RS Score 70+ with Consistency 75%+ 3. Check if sector rotation is bullish (bonus!) 4. Verify price is near 52W high (95%+) 5. Wait for entry setup on your chart 6. Use stop loss below key support Example Setup: Stock shows: - RS Score: 82 (Grade: A-) - Consistency: 100% (strong across all periods) - Sector Rotation: Bullish - Price vs 52W High: 96% - Days Above Sector: 12 days - Relative Volume: 1.8x This is a textbook strong stock in a hot sector near highs - ideal for swing long. FOR POSITION TRADERS: 1. Focus on 6-month and 1-year RS values 2. Look for sustained outperformance (Consistency 75%+) 3. Prefer lower Beta stocks (less volatility) 4. Check Days Above Sector for trend persistence 5. Monitor RS Score monthly, exit if drops below 60 FOR ACTIVE TRADERS: 1. Use on intraday timeframes (1H or 4H) 2. Set RS Score filter to 60+ for quick screening 3. Enable Divergence Alerts 4. Watch for momentum improving signal 5. Higher Beta stocks offer more movement FOR SHORT SELLERS: 1. Look for RS Score below 40 (Grade: D or F) 2. Check for declining momentum 3. Verify Days Below Sector is increasing (10+) 4. Sector rotation should be bearish 5. Price should be well off 52W high WHAT MAKES A PERFECT SETUP: The holy grail combination: RS Score: 75+ (A- or better) Consistency: 80%+ (strong across time - beats sector AND industry) Sector Rotation: Bullish (hot sector) Industry vs Sector: Positive (hot industry within sector) Days Above Sector: 10+ (sustained strength) Momentum: Improving (getting stronger) Price vs 52W High: 90%+ (near highs) Relative Volume: 1.5x+ (volume confirmation) When you find this combination, you've located a stock with every advantage in its favor - strong at the stock level, industry level, AND sector level. That's multi-level confirmation of relative strength. IMPORTANT NOTES Data Reliability: All calculations use lookahead=off for anti-repaint protection Historical values will never change Real-time indicator toggle only affects the visual clock icon, not data reliability All security requests are properly configured to prevent future data leakage Sector Mapping Notes: Sector detection uses TradingView's sector field Some stocks may not have sector data - indicator will adapt Sector ETFs used: XLK, XLF, XLV, XLE, XLY, XLP, XLI, XLB, XLRE, XLU, XLC Major market ETFs (SPY, QQQ, DIA) are treated as market benchmarks, not stocks Multi-Asset Notes: Crypto compares to CRYPTOCAP:TOTAL (total crypto market cap) Forex compares to relevant currency index based on base currency Commodities compare to Gold (GLD) as primary commodity benchmark Custom leaders can be set for any asset type FREQUENTLY ASKED QUESTIONS Q: What does RS Score of 75 actually mean? A: It means your stock is strongly outperforming its sector across multiple timeframes. The score is weighted toward recent performance (1-month gets 40% weight), so 75 indicates sustained relative strength with emphasis on current momentum. Q: My stock has high RS Score but is going down. Why? A: RS Score measures relative performance (vs sector/market), not absolute price direction. A stock can fall 5% while its sector falls 10% - that's still positive relative strength. In bear markets or sector corrections, high RS stocks often fall less than peers. Q: Should I only trade stocks with RS Score above 70? A: For long positions, yes - focus on 70+ scores. These stocks have proven they can beat their sector. However, for pairs trading or relative value plays, you might also short stocks with scores below 40 while longing stocks above 70. Q: What if my stock doesn't have a sector? A: The indicator handles this gracefully. If no sector is detected, it will compare directly to the market (SPY for stocks). Some rows may show N/A, but the indicator will still provide useful market-relative data. Q: Why does the sector sometimes show N/A? A: This happens when: 1) Your asset has no sector classification, 2) The stock IS the sector ETF itself, 3) You're analyzing a non-stock asset (crypto, forex, commodity). The indicator adapts by focusing on market-relative metrics instead. Q: Can I use this on cryptocurrencies? A: Yes! The indicator automatically detects crypto and compares to the Total Crypto Market Cap (CRYPTOCAP:TOTAL). You can also set a custom leader like Bitcoin (BTCUSD) to compare against the dominant crypto. Q: What's the difference between RS Score and Consistency? A: RS Score is the weighted average of how much you're beating the sector (magnitude). Consistency is what percentage of time periods show outperformance (reliability). You want both high - that means strong AND consistent. Q: Do the alerts repaint? A: No. All alerts fire only on bar close (barstate.isconfirmed) and use properly configured data with lookahead=off. Once an alert fires, it's final and won't change. Q: What timeframe should I use? A: For swing trading: Daily or Weekly. For day trading: 1H or 4H. For position trading: Weekly. Use "Chart Timeframe" mode and switch your chart timeframe to change the analysis period easily. Q: Why is Days Above Sector showing 0? A: This means your stock is not currently outperforming its sector. If Days Below Sector is also 0, it means the RS is exactly neutral (very rare). Check the actual RS values to see current standing. Q: Can I compare to a different market benchmark than SPY? A: Currently the indicator uses SPY (S&P 500) as the default US stock market benchmark. For crypto it uses CRYPTOCAP:TOTAL, for forex it uses currency indices, etc. The benchmark auto-adjusts based on asset type. Q: What's a good Beta value? A: It depends on your strategy. Aggressive traders prefer Beta above 1.2 (more volatility = bigger moves). Conservative traders prefer Beta 0.8-1.0 (more stable). Beta is neutral - it's about matching your risk tolerance. Q: How often does the table update? A: With Real-time Indicator enabled: Every tick (constant updates). With it disabled: Only on bar close. Either way, the underlying data is identical and non-repainting - the toggle only affects update frequency and the clock icon display. Q: My stock is showing "AVOID" but it's up 50% this year. Is the indicator wrong? A: Not necessarily. The indicator measures RELATIVE performance. If your stock is up 50% but the sector is up 100%, your stock is actually underperforming by 50%. The indicator helps you identify when you should switch to stronger stocks in the same sector. Q: What does "Strong Buy Setup" really mean? A: It means three things aligned: 1) RS Score above 70 (strong stock), 2) Consistency above 75% (reliable strength), 3) Sector rotation is bullish (hot sector). This combination historically correlates with stocks that continue outperforming. However, this is NOT financial advice - always do your own analysis. Q: Can I use this for options trading? A: Yes! High RS Score stocks make good candidates for call options (bullish bets) while low RS Score stocks may work for puts (bearish bets). Higher Beta stocks will have more volatile options (higher premiums but more movement). Q: Why is my crypto showing N/A for sector? A: Cryptocurrencies don't have "sectors" like stocks do. Instead, the indicator compares crypto to the total crypto market cap. This is normal and expected behavior. Q: What happens if I'm analyzing an ETF? A: If you're analyzing a sector ETF (like XLK), it will compare to SPY (market). If you're analyzing SPY itself, some comparisons won't be available (can't compare SPY to itself). The indicator intelligently adapts to avoid circular comparisons. Q: What if my stock doesn't have industry data? A: Not all stocks are mapped to specific industries (only 30+ major industries are covered). If no industry is detected, the indicator will still work using only sector analysis. The RS Score calculation will use 100% sector weight instead of the 60%/40% split. Q: Why does Industry vs Sector matter? A: Industry vs Sector shows if your specific industry is hot or cold within its broader sector. For example, Semiconductors (SMH) might be outperforming Technology sector (XLK) even though both are up. This helps you find not just strong sectors, but the strongest industries within those sectors. Q: Can I disable Industry analysis? A: Yes! In the "Industry Analysis" settings group, you can toggle off "Show Industry Analysis in Table" to hide all industry rows. However, even when hidden, industry data still contributes to the RS Score calculation for stocks. Q: Why is my Consistency Score lower for stocks than other assets? A: For stocks with industry data, Consistency counts 8 periods (4 Sector + 4 Industry periods) instead of just 4. This means the bar is higher - your stock needs to beat both sector AND industry consistently. A stock that beats sector in all 4 periods but lags industry in 2 periods will show 75% consistency (6/8), not 100%. BEST PRACTICES Use as a screening tool - Set RS Score filter to 70+ and quickly scan your watchlist. Only strong stocks will show the table. Combine with technical analysis - RS Score tells you WHAT to trade, your chart tells you WHEN to enter. Check multiple timeframes - Switch between Daily and Weekly to see if strength holds across different time horizons. Monitor sector rotation - When sector goes from bearish to bullish rotation, it's often a great time to enter stocks in that sector. Watch Industry vs Sector - Stocks in hot industries within hot sectors have double tailwinds. Prioritize Industry vs Sector positive values. Pay attention to consistency - High RS Score with low consistency might be a spike that fades. Look for 70%+ consistency across BOTH sector and industry. Use the leader comparison - If your stock consistently beats both sector leader AND industry leader, you may have found the next champion. Watch days above/below sector - Long streaks (15+ days) indicate strong trends. Look for these in conjunction with high RS Score. Set alerts on key stocks - Enable RS Score alerts at 70 threshold to get notified when watchlist stocks become strong. Consider Beta for position sizing - Size smaller positions in high Beta stocks, larger in low Beta stocks for balanced risk. Exit when RS Score drops - If a stock's RS Score falls below 60, consider reducing or exiting - the strength may be fading. Leverage industry-level insight - If Industry ETF is weak but stock is strong, that's standout strength. If Industry is hot but stock is lagging, consider switching to the industry leader instead. SETTINGS EXPLAINED Display Settings: Show Performance Table - Master on/off switch for the table Table Position - 9 positions available (corners, edges, center) Table Size - 4 sizes (tiny, small, normal, large) for different screen sizes Timeframe Settings: Chart Timeframe (recommended) - Dynamic, uses whatever chart TF you're on Fixed Timeframes - Locks analysis to 1H, 4H, Daily, or Weekly regardless of chart Filtering Settings: Minimum RS Score - Set threshold (0-100) for displaying table Show Warning - When enabled, displays message if stock doesn't meet filter Alert Settings: Divergence Alerts - Enable alerts when stock diverges from sector Threshold (%) - How big a divergence triggers alert (default 5%) RS Score Alerts - Enable alerts when RS Score crosses threshold Threshold - What RS Score level triggers alert (default 70) Sector Analysis Settings: Use Custom Sector ETF - Override automatic sector ETF detection Sector ETF Symbol - Enter any sector ETF to compare against Use Custom Sector Leader - Override automatic sector leader detection Sector Leader Symbol - Enter any ticker as sector leader Industry Analysis Settings: Use Custom Industry ETF - Override automatic industry ETF detection Industry ETF Symbol - Enter specific industry ETF (e.g., IGV, SMH) Use Custom Industry Leader - Override automatic industry leader detection Industry Leader Symbol - Enter specific industry leader Show Industry Analysis - Toggle all industry rows on/off Display Settings: Show Real-time Indicator - Toggle clock icon in header (doesn't affect data) WHAT THIS INDICATOR DOESN'T DO To set proper expectations: Does NOT provide entry/exit signals - this is a strength analyzer, not a trading system Does NOT predict future price movement - shows current and historical relative strength Does NOT guarantee profits - strong RS stocks can still decline Does NOT replace your own analysis - use as one tool among many Does NOT work on stocks with no sector data - will adapt but some rows show N/A This indicator is a decision support tool . It helps you identify which stocks are showing relative strength so you can make more informed trading decisions. You still need your own entry strategy, risk management, and position sizing rules. SUPPORT & CONTACT Questions or feedback? Use the comments section below or send me a message. If you find this indicator useful, please give it a boost and share with other traders who might benefit from relative strength analysis. FINAL REMINDER This indicator is a tool for analyzing relative strength - it shows you which stocks are outperforming their sector and market. It does NOT provide financial advice or trade signals. Always conduct your own research, manage your risk appropriately, and consult with a financial advisor before making investment decisions. Past performance of relative strength does not guarantee future results. Strong stocks can become weak, and sectors rotate in and out of favor. Use this indicator as part of a comprehensive trading strategy, not as a standalone decision-making system. Trade smart, manage risk, and may your RS Scores stay high! If you got till here and you like my work a BOOST and a COMMENT would make me happy
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của orenluxy
7
MTF RSI — Centered at Zero# 🌟 **MTF RSI — Centered at Zero（英語版 Description）** **A multi–timeframe RSI tool designed for trend-filtered entries and safer reversal timing. This script transforms both the current timeframe RSI and the 4H RSI by centering them at zero (RSI − 50), giving a clean, intuitive regime view.** --- ## 🔍 **Core Concept** Traditional RSI fluctuates between 0–100, but the true trend cue lies in the relationship to 50. By centering RSI at zero, you instantly see: * **Above 0 → bullish pressure** * **Below 0 → bearish pressure** On top of this, the script plots the **4H RSI as a histogram**, allowing you to visually confirm whether the market is in a BUY-ONLY or SELL-ONLY environment before taking any signals. --- ## 🎯 **What This Script Helps You Do** * Avoid dangerous counter-trend trades * Identify high-quality reversal points only when aligned with the 4H trend * Enter pullbacks or bounces with noticeably higher accuracy * Visually detect regime strength and extreme conditions (RSI >70 / <30) Even during aggressive trending markets, the combined filter **(4H regime + local RSI extreme + initial reversal signal)** keeps you only in high-probability opportunities. --- ## 💡 **Color Logic** ### Vertical stripe (per-bar): * 🔴 **Overbought (RSI >70)** — red / pink * 🔵 **Oversold (RSI <30)** — blue * Colors become stronger when the 4H and current RSI extremes align * Option to show history or only the most recent bar ### Histogram (4H RSI – 50): * Pink column above 0 → bullish bias * Blue column below 0 → bearish bias ### Pivot Signals: * 🟠 **Buy Signal**: RSI crosses up from local weakness *AND* 4H is BUY-ONLY * 🔴 **Sell Signal**: RSI crosses down from local strength *AND* 4H is SELL-ONLY These signals often align with classical **Granville #4 / #8** (deep pullback reversals). --- ## ⏱️ **Timeframe Usage** Works well on: * **5m** for active traders * **15m** for conservative entries * **1H** for swing confirmation All of them rely on the same principle: **“Let the 4H trend guide the direction, and take only high-probability reversals.”** --- ## 🚀 **Best Use Case** Enter only when: 1. 4H histogram clearly shows BUY-ONLY or SELL-ONLY 2. Local RSI hits extreme zones 3. A bounce or breakdown occurs 4. Your stop-loss is clearly defined beneath the reversal structure This combination creates consistently **small losses, larger wins** — ideal for systematic short-term trading. --- --- # 🌟 **MTF RSI — Centered at Zero（日本語版 Description）** **RSIを 50 でセンタリングすることで、 “相場が上に傾いているのか / 下に傾いているのか” を一瞬で判別できる、 マルチタイムフレーム対応のRSIトレンド・フィルタースクリプトです。** --- ## 🔍 **スクリプトの核心** RSIの本質は「50を境に強弱が決まる」ことにあります。 そこで **RSI − 50** を使い、 * **0より上 → 上昇バイアス** * **0より下 → 下降バイアス** となるように変換しています。 4時間足RSIも同様にゼロ基準でヒストグラム化するため、 **いま市場の“支配方向（BUY ONLY / SELL ONLY）”がひと目で分かる仕様** にしています。 --- ## 🎯 **このスクリプトが解決する課題** * トレンドに逆らった“危険な逆張り”を避けられる * 4時間足トレンドと一致したときだけ反転シグナルが出る * 押し目買い・戻り売りの精度が高まる * 極端ゾーン（RSI >70 / <30）を自動で縦ストライプ表示 特に、 **4時間足のトレンド + 極端ゾーン + 初動シグナル（RSI反転）** のセットアップは実戦での成功率が非常に高いです。 --- ## 🎨 **カラーの意味** ### ◆ 縦ストライプ（バー単位） * 🔴 RSI > 70 → オーバーボート（赤/ピンク） * 🔵 RSI < 30 → オーバーソールド（青） * 4Hも同方向の極端であれば濃く表示 * 「過去の塗りを消すモード」搭載（今バーのみ表示） ### ◆ 4時間足ヒストグラム（RSI − 50） * ピンク：上昇圧力（BUY ONLY に近い） * 青：下降圧力（SELL ONLY に近い） ### ◆ 反転シグナル * 🟠 BUY：RSIが弱い領域から上抜け + 4H BUY ONLY * 🔴 SELL：RSIが強すぎる領域から下抜け + 4H SELL ONLY これはグランビルの4番/8番（深い押し・戻りの反転）にも一致します。 --- ## 🕒 **推奨タイムフレーム** * 5分足：素早くエントリーしたい人 * 15分足：最も安定 * 1時間足：ゆったり目線のスイング向け --- ## 🚀 **ベストな使い方** 以下の条件が揃ったとき、統計的に最も強いエントリーになります： 1. 4時間足RSIヒストグラムが BUY ONLY / SELL ONLY 2. 15分足RSIが極端ゾーンに到達 3. 反転初動のシグナルが点灯 4. 損切りラインが構築できている （直近安値・高値のすぐ外側） これにより、**損小利大でブレの少ないトレード** が可能になります。
Chỉ báo Pine Script®
của pepeperican
RSI ✶ YSTCThis is a Bonus Indicator from YSTC's Volume Profile Tools. Relative Strength Index (RSI) A momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. What Different about this RSI by YSTC. You get Support and Resistance lines for RSI which are 20, 30, 40, 50, 60, 70, 80. as shown below. It can also show RSI Candles as shown below. For those who want all types of MA with MA Cross can play with this indicator. Below is MA Cross of 9, 21. And for NEW user with untrained eyes who cant yet detect Divergence this indicator Saves you the trouble of finding. Below is Regular Bullish and Bearish Divergence. Linewidth 2. Below is Hidden Bullish and Bearish Divergence. Linewidth 1. You can add this script to your chart by clicking "Add to favorites" button. Have Questions ? Contact: +91 9637070868. Name: Yogesh Patil (YS Trading Coach). Time: Monday to Saturday (10:00 AM - 06:00 PM). Visit our website - YS Trading Coach . FREE Self Study Yourself Course: Trading with Price Action Volume . Free Stock Market Introduction Available here . Paid Course: Trading with Price Action Volume Paid Volume Profile Tools available here.
Chỉ báo Pine Script®
của YSTC
ATR Trend + RSI Pullback Strategy [Profit-Focused]This strategy is designed to catch high-probability pullbacks during strong trends using a combination of ATR-based volatility filters, RSI exhaustion levels, and a trend-following entry model. Strategy Logic Rather than relying on lagging crossovers, this model waits for RSI to dip into oversold zones (below 40) while price remains above a long-term EMA (default: 200). This setup captures pullbacks in strong uptrends, allowing traders to enter early in a move while controlling risk dynamically. To avoid entries during low-volatility conditions or sideways price action, it applies a minimum ATR filter. The ATR also defines both the stop-loss and take-profit levels, allowing the model to adapt to changing market conditions. Exit logic includes: A take-profit at 3× the ATR distance A stop-loss at 1.5× the ATR distance An optional early exit if RSI crosses above 70, signaling overbought conditions Technical Details Trend Filter: 200 EMA – must be rising and price must be above it Entry Signal: RSI dips below 40 during an uptrend Volatility Filter: ATR must be above a user-defined minimum threshold Stop-Loss: 1.5× ATR below entry price Take-Profit: 3.0× ATR above entry price Exit on Overbought: RSI > 70 (optional early exit) Backtest Settings Initial Capital: $10,000 Position Sizing: 5% of equity per trade Slippage: 1 tick Commission: 0.075% per trade Trade Direction: Long only Timeframes Tested: 15m, 1H, and 30m on trending assets like BTCUSD, NAS100, ETHUSD This model is tuned for positive P&L across trending environments and volatile markets. Educational Use Only This strategy is for educational purposes only and should not be considered financial advice. Past performance does not guarantee future results. Always validate performance on multiple markets and timeframes before using it in live trading.
Chiến lược Pine Script®
của AIScripts
2
TrendX Amila Bro TrendX Fib + RSI Divergence is a modern trend-following + confluence-based trading tool designed to reduce false signals and improve accuracy. It combines EMA crossover , RSI momentum , Fibonacci retracement zones , and RSI divergence to provide high-quality BUY/SELL signals. --- 🔥 Core Features ### ✅ 1. Trend Detection (EMA 9/21 by default)] The script identifies trend shifts using fast and slow EMAs. * BUY when Fast EMA crosses above Slow EMA + RSI confirmation * SELL when Fast EMA crosses below Slow EMA + RSI confirmation These are the Base Signals — always shown. --- ### ✅ 2. Fibonacci Confluence Filter (Optional) Signals become stronger when price pulls back into key Fib zones: * 0.5 retracement * 0.618 golden ratio This helps avoid chasing late entries and improves accuracy in trend pullbacks. --- ### ✅ 3. RSI Divergence Filter (Optional) Detects both: * Bullish Divergence → BUY * Bearish Divergence → SELL When divergence agrees with EMA trend shift, a Filtered BUY+/SELL+ signal is shown. --- ### ✅ 4. Two Types of Signals ✔ BUY / SELL Base signals from EMA + RSI (appears even if filters are OFF) ✔ BUY+ / SELL+ Strong signals using * EMA Trend * RSI Confirmation * Fibonacci Confluence * RSI Divergence These are rare but extremely high-probability entries. --- ### ✅ 5. Visual Elements * EMAs * Fibonacci 50% & 61.8% levels * Divergence markers * BUY / SELL arrows * BUY+ / SELL+ arrows for filtered confluence entries --- ### ✅ 6. Alerts Included You can set TradingView alerts for: * BUY+ (strong long signal) * SELL+ (strong short signal) Great for mobile/Telegram alerts. --- ## 🎯 How Traders Use This * Scalping (1m, 5m) * Intraday (15m, 30m, 1H) * Swing trading (4H, 1D) Works on **Forex, Crypto, Indices, Metals, Stocks**. --- ## ⚠️ Disclaimer No indicator guarantees 100% accuracy. Always combine with proper risk management and market context. --- ## ⭐ Ideal For: * Trend traders * Pullback traders * Divergence traders * Anyone wanting cleaner, filtered BUY/SELL signals ---
Chỉ báo Pine Script®
của Amila_Bro
MAG8 Breadth RSI This indicator is for my personal monitoring breadth of MAG 8 , including AVGO for use to trade spy/es and qqq/nq. A green bar over 6 translates to 6 out of the 8 stocks have RSI's<30. Conversely a red indicator at 6 would indicate 6 out of 8 are overbought, RSI >70. Extreme 6-8 of 8 either overbought (red) or oversold (green) Moderate 4-5 of 8 either overbought (red) or oversold (green) No Signal 0-3 of 8 either overbought (red) or oversold (green) Not trading advice but thought I would share.
Chỉ báo Pine Script®
của Jones516