Price Structure RSIOverview
Price Structure RSI is a market-structure oscillator that converts confirmed structural breaks into a cumulative directional series and then applies the Relative Strength Index calculation to that series.
Unlike a traditional RSI, which is calculated directly from price changes, this indicator measures how previously identified pivot highs and pivot lows are being broken.
The oscillator includes:
- market-structure-based RSI
- configurable RSI length
- configurable overbought and oversold levels
- Close or High/Low structure-break confirmation
- optional EMA, SMA, or WMA smoothing
- confirmed bullish and bearish signals
- dark and light colour presets
- gradient oscillator visualization
- simplified bullish and bearish historical W/L panels
- configurable target and stop distances
- configurable panel positions
- bullish and bearish alerts
The indicator is intended to help users examine whether recent market-structure breaks are producing stronger bullish or bearish pressure.
It does not predict future price movement and does not provide automatic instructions to enter or exit a trade.
Open-source reuse and credits
Price Structure RSI is a modified and expanded derivative of the open-source indicator "Market Structure RSI" by ClayeWeight.
The original pivot detection, stored structure levels, broken-structure accumulation, cumulative structure total, RSI transformation, moving-average selection, threshold-crossing signals, and alert framework were adapted from ClayeWeight's work.
This version adds:
- Pine Script v6 compatibility
- dark and light colour presets
- revised oscillator colours and gradient fills
- confirmed-bar signal processing
- configurable historical target and stop measurements
- next-bar outcome evaluation
- conservative same-bar target and stop handling
- separate bullish and bearish W/L panels
- configurable panel positioning and offsets
- additional input validation
- revised alert messages
The original source was published under the Mozilla Public License 2.0.
This modified version is also published open-source under the Mozilla Public License 2.0.
Core methodology
The indicator first identifies simple confirmed pivot highs and pivot lows.
A pivot high is identified when:
- the centre candle has a higher high than the candle before it
- the centre candle has a higher high than the candle after it
A pivot low is identified when:
- the centre candle has a lower low than the candle before it
- the centre candle has a lower low than the candle after it
Because the script evaluates historical candles, the pivot is recognized only after the necessary later candle has closed.
Confirmed pivot-high prices are stored in an array.
Confirmed pivot-low prices are stored in a separate array.
Structure breaks
The indicator checks whether stored pivot levels have been broken.
Users can select one of two Structure Break Type settings:
- Close
- High/Low
When Close is selected:
- a stored pivot high is considered broken when the previous candle closes above it
- a stored pivot low is considered broken when the previous candle closes below it
When High/Low is selected:
- a stored pivot high is considered broken when the previous candle high moves above it
- a stored pivot low is considered broken when the previous candle low moves below it
When one or more stored pivot highs are broken, positive values are added to the cumulative structure total.
When one or more stored pivot lows are broken, negative values are added to the cumulative structure total.
Broken levels are removed from their respective arrays so that the same structure level is not counted repeatedly.
Cumulative structure total
Each broken pivot high contributes:
- +1
Each broken pivot low contributes:
- -1
If several stored structure levels are broken together, several values can be added during the same calculation.
The script then calculates the cumulative sum of these positive and negative structure changes.
A rising structure total indicates that more stored pivot highs are being broken.
A falling structure total indicates that more stored pivot lows are being broken.
Structure RSI
The Relative Strength Index calculation is applied to the cumulative structure total rather than directly to price.
The default RSI Length is:
- 20
The resulting oscillator is called the Structure RSI.
Higher Structure RSI values indicate that bullish structure breaks have recently had greater influence on the cumulative series.
Lower Structure RSI values indicate that bearish structure breaks have recently had greater influence.
The Structure RSI should not be interpreted as a standard price RSI because its input is the cumulative structure-break series rather than normal closing-price changes.
Overbought and oversold levels
The default levels are:
- Overbought Level: 80
- Oversold Level: 20
The Oversold Level must remain below the Overbought Level.
The script displays an error when the oversold setting is equal to or above the overbought setting.
The levels are configurable and should be treated as analytical thresholds rather than universally optimal settings.
Bullish signal
A bullish signal occurs when the Structure RSI crosses upward through the selected Oversold Level.
The signal is confirmed only after the chart candle closes.
The bullish marker appears at the bottom of the oscillator pane.
A bullish signal indicates that the structure-based oscillator has recovered above its lower threshold.
It does not guarantee that price will continue higher.
Bearish signal
A bearish signal occurs when the Structure RSI crosses downward through the selected Overbought Level.
The signal is confirmed only after the chart candle closes.
The bearish marker appears at the top of the oscillator pane.
A bearish signal indicates that the structure-based oscillator has moved back below its upper threshold.
It does not guarantee that price will continue lower.
Moving average
An optional moving average can be applied to the Structure RSI.
Available moving-average types are:
- EMA
- SMA
- WMA
The default settings are:
- Moving Average Type: EMA
- Moving Average Length: 8
The moving average can be used to observe the smoother direction of the Structure RSI.
The moving average does not directly create the bullish or bearish threshold signals.
Hiding the moving average does not change the Structure RSI calculation.
Oscillator colours
The Structure RSI line changes colour according to its current position.
- Above the Overbought Level: bearish colour
- Below the Oversold Level: bullish colour
- Between the two levels: neutral grey
The oscillator also includes:
- a dashed overbought line
- a dashed oversold line
- a dotted 50 midline
- a neutral background fill between the main levels
- bullish and bearish gradient fills
- optional dark and light colour presets
The colour settings change presentation only.
They do not alter the structure calculation or signal logic.
Confirmed signals
Bullish and bearish signals are accepted only on confirmed chart bars.
The script does not finalize a signal solely because the Structure RSI temporarily crosses a threshold while the active candle is still open.
Values may still move while the current chart candle develops.
The final marker and alert are generated only after the candle closes with the crossing condition confirmed.
Historical W/L measurements
The indicator includes simplified historical bullish and bearish outcome measurements.
These measurements are not a complete PulseWire strategy backtest.
When no measurement is currently active, a confirmed signal can begin a new historical measurement.
For a bullish signal:
- the signal candle close becomes the recorded entry price
- the target is placed above the recorded entry
- the stop is placed below the recorded entry
For a bearish signal:
- the signal candle close becomes the recorded entry price
- the target is placed below the recorded entry
- the stop is placed above the recorded entry
Only one unresolved historical measurement is tracked at a time.
Target distance
Target Distance (%) controls the percentage distance between the recorded signal close and the historical target.
The default value is:
- 1.0%
For a bullish measurement:
- Target = Entry Price × (1 + Target Percentage)
For a bearish measurement:
- Target = Entry Price × (1 - Target Percentage)
The minimum allowed target distance is 0.1%.
Stop distance
Stop Distance (%) controls the percentage distance between the recorded signal close and the historical stop.
The default value is:
- 1.0%
For a bullish measurement:
- Stop = Entry Price × (1 - Stop Percentage)
For a bearish measurement:
- Stop = Entry Price × (1 + Stop Percentage)
The minimum allowed stop distance is 0.1%.
Next-bar evaluation
Target and stop evaluation begins on the bar after the signal.
The signal candle itself is not used to determine the result.
This prevents price movement that occurred earlier during the signal candle from being counted after the entry has been recorded at that candle's close.
Wins and losses
The tables use the following labels:
- W = Win
- L = Loss
A win means that the configured target was reached before the configured stop.
A loss means that the configured stop was reached before the configured target.
The displayed percentage is:
- Wins divided by completed Wins and Losses
Bullish and bearish measurements are counted separately.
Same-bar target and stop handling
A chart candle can sometimes touch both the target and stop.
Standard OHLC chart data does not reveal which level was reached first inside that candle.
When both levels are touched during the same bar, the script records a loss.
This conservative rule avoids automatically assuming the more favourable outcome.
The script does not reconstruct lower-timeframe intrabar movement.
One active measurement at a time
Only one unresolved historical measurement can be active.
When a measurement is already active:
- later bullish or bearish signals can still appear
- later signals can still trigger alerts
- later signals do not start another W/L measurement
- the active measurement remains open until its target or stop is reached
An opposite signal does not automatically close the existing measurement.
This means that not every displayed signal is included in the W/L panels.
Bull panel
The Bull panel displays results from completed bullish measurements.
The panel contains:
- Bull
- W: number of bullish targets reached first
- L: number of bullish stops reached first
- percentage of completed bullish measurements recorded as wins
The Bull panel position can be selected from the available chart locations.
Bear panel
The Bear panel displays results from completed bearish measurements.
The panel contains:
- Bear
- W: number of bearish targets reached first
- L: number of bearish stops reached first
- percentage of completed bearish measurements recorded as wins
The Bear panel position can be selected independently from the Bull panel.
Panel positions and offsets
The Bull and Bear panels can be placed at:
- top left
- top centre
- top right
- middle left
- middle centre
- middle right
- bottom left
- bottom centre
- bottom right
Row and column offsets can be used to move each panel within the available position grid.
Negative row values move the selected panel upward.
Positive row values move it downward.
Negative column values move it to the left.
Positive column values move it to the right.
The final position is restricted to the available PulseWire table locations.
The panels can overlap when both are assigned to the same effective position.
Meaning of the displayed percentage
The percentage represents the share of completed measurements where the configured target was reached before the configured stop.
It is not:
- a guaranteed win rate
- proof of future profitability
- a complete strategy result
- a recommendation to enter a trade
- a forecast of future performance
The historical measurement does not include:
- commissions
- spread
- slippage
- liquidity
- order execution
- position sizing
- account equity
- partial exits
- trailing stops
- market gaps
- order rejection
- overlapping positions
- complete intrabar sequencing
Historical results do not guarantee future results.
Alerts
The indicator includes two alert conditions:
- Bullish Signal
- Bearish Signal
The Bullish Signal alert is triggered when the Structure RSI crosses upward through the Oversold Level on a confirmed chart bar.
The Bearish Signal alert is triggered when the Structure RSI crosses downward through the Overbought Level on a confirmed chart bar.
When creating PulseWire alerts, use:
- Once Per Bar Close
This matches the confirmed signal logic.
How to Use
1. Apply the indicator
Add Price Structure RSI to a standard PulseWire chart.
The oscillator appears in a separate pane below the main price chart.
2. Begin with the default settings
The default configuration is:
- RSI Length: 20
- Overbought Level: 80
- Oversold Level: 20
- Structure Break Type: High/Low
- Moving Average Type: EMA
- Moving Average Length: 8
- Target Distance: 1.0%
- Stop Distance: 1.0%
Review the indicator with its default configuration before changing several settings simultaneously.
3. Select the structure-break type
Choose High/Low when a stored structure level should be considered broken as soon as the previous candle's high or low passes it.
Choose Close when the previous candle must close beyond the stored structure level.
High/Low is generally more responsive.
Close is generally more restrictive.
Neither setting is automatically more accurate.
4. Read the Structure RSI
Use the oscillator to observe the balance of recent broken pivot highs and pivot lows.
A rising oscillator indicates that bullish structure breaks are having greater recent influence.
A falling oscillator indicates that bearish structure breaks are having greater recent influence.
The oscillator can remain elevated or depressed during extended directional conditions.
5. Read the overbought area
When the Structure RSI moves above the Overbought Level, bullish structure-break pressure has pushed the oscillator into its upper region.
The bearish signal does not occur merely because the oscillator is above the level.
The bearish signal occurs only when the oscillator later crosses downward through the Overbought Level on a confirmed bar.
6. Read the oversold area
When the Structure RSI moves below the Oversold Level, bearish structure-break pressure has pushed the oscillator into its lower region.
The bullish signal does not occur merely because the oscillator is below the level.
The bullish signal occurs only when the oscillator later crosses upward through the Oversold Level on a confirmed bar.
7. Wait for the candle to close
Signals are confirmed at bar close.
Do not treat a temporary intrabar threshold crossing as a finalized signal.
Wait for the marker to remain after the chart candle closes.
8. Use the moving average
Enable the moving average to observe a smoother version of the Structure RSI.
Available types are:
- EMA
- SMA
- WMA
A shorter moving-average length reacts more quickly.
A longer moving-average length responds more slowly.
The moving average can provide visual context, but it is not part of the threshold-crossing signal condition.
9. Configure the target and stop distances
Set Target Distance (%) and Stop Distance (%) according to the historical measurement you want to study.
For example:
- Target: 1.0%
- Stop: 1.0%
This creates an equal-distance historical measurement.
Another example:
- Target: 2.0%
- Stop: 1.0%
This creates a larger target than stop.
These settings are research parameters and are not recommended trading settings.
10. Read the Bull panel
The Bull panel measures completed bullish signals.
- W means the bullish target was reached first
- L means the bullish stop was reached first
- the percentage shows bullish wins divided by completed bullish outcomes
Only signals that begin while no other measurement is active are included.
11. Read the Bear panel
The Bear panel measures completed bearish signals.
- W means the bearish target was reached first
- L means the bearish stop was reached first
- the percentage shows bearish wins divided by completed bearish outcomes
Only signals that begin while no other measurement is active are included.
12. Understand same-bar outcomes
When both the target and stop are touched during the same candle, the result is counted as a loss.
This is a conservative assumption because the chart's OHLC data cannot show which level was reached first.
13. Understand skipped measurements
A signal can appear while another historical measurement is still unresolved.
That signal can still:
- display a marker
- trigger an alert
However, it does not begin another historical measurement.
This is why the total W/L count may be lower than the total number of visible signals.
14. Position the panels
Choose separate positions for the Bull and Bear panels.
The default positions are:
- Bull panel: top left
- Bear panel: top right
Use the row and column offsets when small position adjustments are needed.
Avoid assigning both panels to the same final position unless overlapping panels are intended.
15. Select the colour preset
Use Dark Background on dark chart themes.
Use Light Background on light chart themes.
The preset changes moving-average and panel text colours.
It does not change the indicator calculations.
16. Create alerts
Create separate PulseWire alerts for:
- Bullish Signal
- Bearish Signal
Use Once Per Bar Close.
Test alerts on the intended symbol and timeframe before using them operationally.
17. Review broader market context
Use Price Structure RSI together with additional analysis such as:
- trend direction
- price structure
- support and resistance
- volume
- volatility
- liquidity
- market sessions
- recent swing highs and lows
- scheduled economic or company events
- risk management
A threshold crossing alone does not guarantee a reversal or continuation.
Suggested starting process
- Apply the indicator to a standard candlestick chart
- Keep RSI Length at 20
- Keep the levels at 80 and 20
- Begin with High/Low structure breaks
- Keep the EMA smoothing line enabled
- Use a target and stop distance of 1.0%
- Wait for confirmed bar-close signals
- Compare the oscillator with visible price structure
- Review the Bull and Bear panels separately
- Remember that only one active measurement is tracked
- Test several symbols and timeframes before drawing conclusions
- Use Once Per Bar Close for alerts
Limitations
- The indicator is derived from the open-source Market Structure RSI by ClayeWeight
- The central structure-break accumulation methodology is adapted from the original work
- Pivot identification is based on a simple three-candle relationship
- Pivots are identified only after the required later candle has closed
- The oscillator measures broken stored structure levels rather than normal price momentum
- The Structure RSI can behave differently from a standard price RSI
- The indicator does not determine whether a structure break is genuine or false
- The indicator does not measure volume, volatility, liquidity, or trend strength
- Signals are confirmed at bar close and may occur later than temporary intrabar conditions
- A bullish signal does not guarantee that price will rise
- A bearish signal does not guarantee that price will fall
- Only one unresolved historical measurement is tracked at a time
- Not every visible signal is represented in the W/L panels
- Opposite signals do not close active measurements
- Target and stop evaluation begins on the bar after the signal
- Same-bar target and stop contact is recorded as a loss
- The W/L panels are simplified historical measurements
- The displayed percentages are not complete backtest results
- Commissions, spread, slippage, liquidity, position sizing, and execution are not included
- Historical outcomes do not imply future results
- The indicator should not be used as the sole basis for a trading decision
Price Structure RSI is an analytical and research tool.
It does not provide financial advice, guaranteed signals, guaranteed win rates, or guaranteed results. Indicator
EGADE Research-Based RSI Threshold ConfigurationEGADE Research-Based RSI Threshold Configuration is an empirical RSI decision-support indicator based on the findings of research by Hatem Mabrouk , Federico Trigos , and Francisco Valderrey , Tecnologico de Monterrey, EGADE Business School, Mexico
The underlying study systematically evaluated nine RSI threshold configurations across nine major cryptocurrencies and the S&P 500 using weekly RSI(14) data. The findings challenge the conventional assumption that the standard 30/70 configuration is universally optimal and identify asset-specific dominant threshold configurations based on win rate, geometric weekly return, and average holding period.
This indicator operationalizes those empirical findings directly within PulseWire. For assets included in the study, it automatically displays the research-based RSI threshold configuration identified by the empirical analysis.
The indicator provides three display modes:
• Research-Based: Displays the empirically identified threshold configuration for the selected asset.
• Conventional 30/70: Displays the traditional RSI 30/70 configuration.
• Compare Both: Displays the research-based and conventional configurations simultaneously for direct comparison.
The indicator uses weekly RSI(14) regardless of the chart timeframe and provides visual entry and exit zones, threshold-entry markers, alerts, and an information dashboard.
Assets currently supported by the empirical research: BTC, ETH, ADA, AVAX, BNB, DOGE, SOL, TRX, XRP, and the S&P 500.
Disclaimer: The findings and information presented through this indicator are intended exclusively for academic, research, educational, and decision-support purposes. Nothing contained in the underlying study or this indicator constitutes financial or investment advice, an investment recommendation, or a solicitation to buy or sell any financial instrument. Historical empirical performance does not guarantee future results. Users should conduct their own analysis and exercise independent judgment when making financial or investment decisions. Indicator
Indicator
Ultimate RSIHere is a breakdown of its core features and how they work together:
1. Volatility-Adaptive RSI Length
How it works: Instead of using a static length (like the traditional 14-period RSI), the script calculates the market's standard deviation (volatility).
The Benefit: When the market is highly volatile, the RSI length dynamically shortens, making the indicator more responsive so you can catch quick reversals. When volatility drops (consolidation), the length expands, smoothing the RSI line to filter out "chop" and false signals.
2. Dynamic Overbought / Oversold Zones (Bollinger Bands)
How it works: Standard RSIs use static horizontal lines at 70 and 30. This script applies Bollinger Bands directly to the RSI values themselves.
The Benefit: A reading of 70 isn't always overbought in a strong trend. By wrapping the RSI in a standard deviation channel, you get a dynamic zone. If the RSI breaks above its upper dynamic band, you know momentum is genuinely extreme relative to recent conditions, rather than a fixed arbitrary number.
3. Automated Divergence Detection
How it works: The script constantly scans for discrepancies between price action and RSI momentum.
The Benefit: It automatically plots visual markers on the RSI pane when it detects:
Regular Divergences (Reversals): E.g., Price makes a Lower Low, but RSI makes a Higher Low (Bullish Divergence).
Hidden Divergences (Trend Continuations): E.g., Price makes a Higher Low, but RSI drops to a Lower Low (Hidden Bullish).
4. RSI Moving Average (Signal Line)
How it works: An additional moving average (you can choose between SMA, EMA, RMA, WMA, or HMA) is plotted alongside the RSI.
The Benefit: This acts as a trigger line. An RSI crossing above its EMA can be used as an early entry signal, or as confirmation that momentum has definitively shifted.
5. Multi-Timeframe (MTF) Support
How it works: You can configure the indicator to calculate RSI based on a higher timeframe (e.g., pulling 4-Hour RSI data while you are looking at a 15-minute chart).
The Benefit: This ensures your lower timeframe entries are always aligned with the macro momentum, preventing you from trading against the larger trend.
6. Visual Confluence & Alerts
The RSI line itself is color-coded. For example, it turns bright green when momentum is both above 50 and rising, and dark red when below 50 and falling.
It includes a full suite of alert conditions (divergences and MA crossovers) so you can automate your trading or get pinged when a setup occurs.
In summary, it's designed to replace 3 or 4 different indicators on your chart by giving you adaptive momentum, dynamic exhaustion zones, trend direction, and divergence signals all natively in one branded, professional package. Indicator
RX: Dual RSI Fusion 14/50 Compression Framework## RX: Dual RSI Fusion 14/50 Compression Framework
Is an advanced momentum framework designed to identify potential market exhaustion, compression phases, and high-probability reversal conditions by combining two Relative Strength Index structures into a single analytical model.
Unlike traditional RSI indicators that rely on a single momentum source, this framework integrates both a fast RSI (14-period by default) and a slow RSI (50-period by default) to provide a multi-layer view of market behavior.
### Core Concepts
• **Fast RSI (14):** Captures immediate momentum shifts, short-term exhaustion, and early divergence signals.
• **Slow RSI (50):** Represents the underlying market structure and helps identify broader momentum regimes.
• **Dynamic Compression Engine:** Measures the convergence between moving averages applied to the fast RSI, highlighting periods where momentum becomes increasingly compressed and potentially preparing for expansion.
• **Exhaustion Detection:** The indicator is specifically designed to monitor the sequence of events frequently observed near market turning points, including divergence development, momentum contraction, and structural breakout.
### Features
✔ Dual RSI architecture (Fast + Slow)
✔ Configurable moving averages applied directly to RSI values
✔ Compression detection between fast RSI moving averages
✔ Divergence memory engine with customizable validity period
✔ Momentum Delta histogram (Fast RSI - Slow RSI)
✔ Structural breakout detection from RSI compression zones
✔ Background state visualization for market context
✔ Alert conditions for potential exhaustion breakouts
### Interpretation
The framework is based on the premise that important market reversals are rarely caused by a single event. Instead, reversals often emerge from a succession of conditions:
1. Momentum divergence appears.
2. RSI structure begins to compress.
3. Market enters an exhaustion phase.
4. Fast momentum escapes the compression structure.
5. Expansion begins.
The indicator seeks to visualize this process and provide objective confirmation of potential exhaustion scenarios.
### Notes
This tool should not be interpreted as a standalone buy or sell system. It is intended to be used as a market structure and momentum exhaustion framework, ideally combined with price action, liquidity analysis, volume, or higher timeframe context.
Developed as part of the SXA analytical ecosystem by @Peter_n_n
Indicator
Artemis Wave Oscillator🟦 Artemis Wave Oscillator is a Pine v6 reimagination of the classical WaveTrend family, built on a Welford running-stdev channel and EMA-smoothed normalization. Unlike fixed-band WaveTrend variants that ship with hard-coded levels, the engine continuously rescales itself against its own dispersion — producing a momentum curve that stays perfectly bounded between visually consistent reversion bands on every asset and every timeframe, with no manual recalibration.
The indicator integrates six analytical layers — WaveTrend core, dynamic reversion bands, histogram momentum gauge, extremity reversion dots, regular + hidden divergence detection with a Smart AI Filter, and a theme-adaptive PRO dashboard — each operating independently and rendered on a single, clean oscillator panel.
🟦 HOW THE CORE ENGINE WORKS
**WaveTrend Channel**
Each bar, the engine builds an EMA-smoothed midline from the selected price aggregate over the Channel Length window. In parallel, a Welford single-pass running standard deviation measures the channel width — a numerically stable O(N) algorithm that updates the running mean and squared deviation simultaneously, preserving precision on long histories where naive sum-of-squares accumulators drift.
The raw wave is then computed as:
wave_raw = (src − chanMid) / chanDev × 100
This produces a z-score-like signal scaled to the ±100 range. Dividing by the running standard deviation normalizes the output regardless of asset volatility — BTC, EURUSD, SPY, and a small-cap stock all swing through the same band structure without parameter changes.
**EMA Smoothing**
The raw wave is then passed through an EMA of length Average Length to produce the visible `wave` line. This is the dominant responsiveness control — larger values produce a calmer curve with fewer reversion-zone touches.
**Signal Line**
An SMA of the wave (Signal Length) builds the trigger line. Crossovers between the wave and signal line mark momentum regime changes — the same convention used by classical MACD and Stochastic.
**Histogram**
The wave − signal delta is rendered as a filled area. Two opacity tiers distinguish rising momentum (brighter) from fading momentum (dimmer), so the eye picks up acceleration vs. deceleration at a glance.
**Source Selector**
Nine price aggregates are available:
| Source | Formula | Use case |
|---|---|---|
| Open | open | Open-of-bar bias |
| High | high | Top-of-range tracking |
| Low | low | Bottom-of-range tracking |
| Close | close | Standard, fastest reaction |
| OC2 | (open + close) / 2 | Body midpoint |
| HL2 | (high + low) / 2 | Body-independent midpoint |
| HLC3 | (high + low + close) / 3 | Typical mean — default |
| OHLC4 | (open + high + low + close) / 4 | Smoothest |
| HLCC4 | (high + low + 2×close) / 4 | Close-weighted |
🟦 REVERSION BANDS
The user picks a single Reversion Threshold (T) — the distance from zero (in normalized wave units) beyond which the wave is considered overbought (positive side) or oversold (negative side). Three proportional tiers render automatically:
| Tier | Level | Visual |
|---|---|---|
| Inner | ±T | Outer ring of the gradient fill |
| Middle | ±T × 1.25 | Boundary between outer ring and inner extreme |
| Outer | ±T × 1.5 | Hard outer boundary of the gradient fill |
Because the bands are derived from T, they always wrap the threshold no matter how the user tunes it. A trader scaling T from 80 (volatile assets) to 150 (trending assets) keeps the visual context intact without retuning the band levels.
The Reversion Threshold itself drives three downstream features:
- Extremity Dot triggers
- The "Extremities" bar-coloring mode
- The Dashboard Zone tag (OB / MID / OS)
🟦 EXTREMITY DOTS
OB / OS reversion markers — small dual-layer dots that fire when the wave crosses the signal line beyond the Reversion Threshold:
- **OS dot** (bull theme color) → wave crossed UP past −T
- **OB dot** (bear theme color) → wave crossed DOWN past +T
These are the highest-conviction mean-reversion triggers in the script. The dots use a two-track rendering — a pixel-perfect glow + core visual via `plot.style_circles`, paired with an invisible `label.style_circle` carrying a rich tooltip. Hovering on a dot surfaces:
- Direction (Crossed UP / DOWN through Signal)
- Active zone (Below −T / Above +T)
- Current wave value
- Current signal value
- Trading interpretation (mean-reversion long / short opportunity)
🟦 DIVERGENCE DETECTION
Pivots are calculated using `ta.pivothigh` and `ta.pivotlow` with an arm of `Channel Length / 2`. All divergence results appear `Channel Length / 2` bars late — this is standard Pine Script pivot behavior, not a bug.
**Four divergence types:**
| Type | Price | Wave | Signal |
|---|---|---|---|
| Regular Bull (D▲) | Lower Low | Higher Low | Potential reversal up |
| Regular Bear (D▼) | Higher High | Lower High | Potential reversal down |
| Hidden Bull (H▲) | Higher Low | Lower Low | Uptrend continuation |
| Hidden Bear (H▼) | Lower High | Higher High | Downtrend continuation |
Regular divergence uses solid lines (width 2). Hidden divergence uses dashed lines (width 1) — the thinner, dashed style makes the continuation signal visually quieter than the reversal signal, matching their respective conviction tiers. Labels use bracketed symbols (D▲ / D▼ / H▲ / H▼) and each carries a tooltip-rich hover with price + wave context.
**Smart Divergence Filter (AI)**
An optional pre-filter that rejects low-quality divergences before they render. Three independent gates:
1. **Min Wave Swing** — minimum oscillator swing between the two pivots (default: 5 units). Drops noise-level differences where the wave barely moved between pivots.
2. **Min Price Swing (%)** — minimum price swing between pivots as a percentage of the recent `Channel Length × 4` high-low range (default: 0.3%). Drops divergences where price barely moved relative to recent volatility.
3. **Zone Confirmation** — the wave at the current pivot must sit in the matching reversion half:
- Bullish divergence → wave at LL pivot ≤ −T × 0.5 (oversold half)
- Bearish divergence → wave at HH pivot ≥ +T × 0.5 (overbought half)
This encodes the classical "best divergences form at extremes" rule using the wave value itself as the gate — no MFI or volume input required.
When the master toggle is OFF (default), all detected divergences render. When ON, only divergences that clear all three gates survive. The filter applies identically to both chart rendering and alert conditions — no mismatch between visual and alert signals.
🟦 HISTOGRAM
The wave − signal histogram is rendered as a filled area between the histogram value and the zero line. Two opacity tiers per side:
| State | Color | Opacity |
|---|---|---|
| Bull, rising | thBull | Rising Opacity (default 60) |
| Bull, fading | thBull | Fading Opacity (default 40) |
| Bear, rising | thBear | Rising Opacity (default 60) |
| Bear, fading | thBear | Fading Opacity (default 40) |
Rising bars are the most actionable visual cue — they mark momentum that is accelerating in the active direction. Fading bars indicate momentum stalling.
🟦 BAR COLORING
Five mutually exclusive modes apply a wave-driven color to every price bar on the chart:
| Mode | Behavior |
|---|---|
| None | Leave bars untouched (default) |
| Midline Cross | Bull above zero, bear below zero |
| Extremities | Bull beyond +T, bear beyond −T, neutral elsewhere |
| Reversions | Bull on OS dot trigger, bear on OB dot trigger |
| Slope | Bull when wave > signal, bear when wave < signal |
Colors are pulled from the active theme — no per-mode color picker needed.
🟦 DASHBOARD
A compact 2-column, 7-row data panel renders on the last bar when enabled. Every value derives from variables already computed upstream, so the dashboard adds zero overhead until the final bar.
| Row | Left | Right |
|---|---|---|
| Header | Artemis Wave | ▲ BULL / ▼ BEAR / ■ NEUTRAL |
| Wave | Wave | Current value + trend arrow (▲ ▼ ■) |
| Signal | Signal | Current SMA trigger value |
| Strength | Strength | 10-block monospace bar gauge |
| Zone | Zone | OB / MID / OS tag |
| Div | Div | Most recent divergence within last 50 bars (▲ REG / ▼ REG / ▲ HID / ▼ HID / —) |
| Slope | Slope | ▲ UP / ▼ DOWN / ■ FLAT |
The strength gauge normalizes `|wave − signal|` against 50 (typical mid-amplitude swing) and buckets the result into 10 monospace blocks (`█` filled, `░` empty), giving an at-a-glance read of crossover conviction.
**Theme-Adaptive Chrome**
The dashboard auto-inverts its layout based on the active theme:
- **Dark themes** (Tropic, Amber, Pastel, Cyber, Helios, Electric, Candy, Bloomberg, Solar, Royal): header and footer use a faint `thBull` tint, middle rows stay solid dark, text uses full-saturation `thBull`. Border uses `thBull` at 20% transparency for strong theme presence.
- **Light themes** (Midnight, Graphite): backgrounds flip to white, text stays `thBull` (which is itself dark on these themes), border uses `thBull` at 40% transparency.
This guarantees text legibility against every palette without per-theme manual tuning.
**Position & Size**
Six anchor slots (Top/Middle/Bottom × Left/Right) and four text sizes (Tiny / Small / Normal / Large).
🟦 COLOR THEMES
Twelve cohesive palettes, each resolving to four axis colors:
| Theme | Character | Bull | Bear |
|---|---|---|---|
| Tropic | Cyan steel + deep orange | #00bcd4 | #ff6d00 |
| Amber | Warm amber + indigo blue | #ff9800 | #e53935 |
| Pastel | Sky blue + soft lavender | #4fc3f7 | #9575cd |
| Cyber | Neon lime + hot crimson | #00e676 | #ff1744 |
| Helios | Bright gold + scarlet | #ffd600 | #ef5350 |
| Electric | Electric aqua + magenta | #00e5ff | #e040fb |
| Candy | Neon green + hot pink | #69F0AE | #FF4081 |
| Bloomberg | Terminal orange + cyan | #ff8c00 | #00b0ff |
| Solar | Solarized olive + crimson | #859900 | #dc322f |
| Royal | Imperial gold + deep purple | #ffd700 | #6a0dad |
| Midnight | Deep navy + dark crimson | #0d47a1 | #b71c1c |
| Graphite | Near-black + silver grey | #1a1a1a | #757575 |
All four color roles (bull / bear / neutral / signal) change simultaneously when the theme changes. The whole script reads through these four variables — nothing below the resolver references a raw hex literal, so a single dropdown selection drives every plot, fill, dot, divergence line, dashboard cell and border.
🟦 ALERT SYSTEM
Ten alert conditions, all using `alert.freq_once_per_bar_close`:
| Alert | Condition |
|---|---|
| OS Reversion | Wave crossed UP through signal while wave < −T |
| OB Reversion | Wave crossed DOWN through signal while wave > +T |
| Regular Divergence | D▲ or D▼ detected (respects Smart Filter) |
| Hidden Divergence | H▲ or H▼ detected (respects Smart Filter) |
| Bullish Trend | Wave crossed above the midline (zero) |
| Bearish Trend | Wave crossed below the midline (zero) |
| Bullish Swing | Wave × signal upward cross, regardless of zone |
| Bearish Swing | Wave × signal downward cross, regardless of zone |
Each alert fires through `alert()` so the message body carries live context — direction, current wave value, and the threshold that triggered. Divergence alerts respect the Smart Divergence Filter — if the filter is ON and a divergence is rejected visually, the alert will also not fire.
🟦 SETTINGS REFERENCE
**WaveTrend Core**
- Source — 9 price aggregates. Default: HLC3
- Channel Length — EMA midline + Welford stdev lookback. Default: 10
- Average Length — EMA smoothing of the normalized wave. Default: 21
- Signal Length — SMA smoothing of the wave to build the trigger. Default: 4
**Reversion Bands**
- Reversion Threshold — 50–200, step 5. Default: 100
- Show Band Fills — Toggle. Default: ON
- Band Opacity — 0–100. Default: 30
**Histogram**
- Show Histogram — Toggle. Default: ON
- Rising Opacity — Default: 60
- Fading Opacity — Default: 40
**Extremity Dots**
- Show Extremity Dots — Toggle. Default: ON
**Divergence**
- Regular Divergence — Toggle. Default: ON
- Regular Opacity — Default: 80
- Hidden Divergence — Toggle. Default: ON
- Hidden Opacity — Default: 80
- Label Size — Tiny / Small / Normal / Large. Default: Tiny
- Smart Divergence Filter (AI) — Master toggle. Default: OFF
- Min Wave Swing — Default: 5.0
- Min Price Swing (%) — Default: 0.3%
- Require Zone Confirmation — Default: ON
**Bar Coloring**
- Bar Color Mode — None / Midline Cross / Extremities / Reversions / Slope. Default: None
**Dashboard**
- Show Dashboard — Toggle. Default: ON
- Panel Position — 6 anchor slots. Default: Middle Right
- Panel Text Size — Tiny / Small / Normal / Large. Default: Small
**Alerts**
- OS Reversion — Default: ON
- OB Reversion — Default: ON
- Regular Divergence — Default: ON
- Hidden Divergence — Default: OFF
- Bullish Trend — Default: ON
- Bearish Trend — Default: ON
- Bullish Swing — Default: OFF
- Bearish Swing — Default: OFF
🟦 COMPATIBILITY
Works on all asset classes and all timeframes in PulseWire Pine Script v6.
- Crypto: Spot, futures, perpetual contracts
- Forex: All pairs
- Equities: Stocks, ETFs, indices
- Commodities: Metals, energy, agriculture
- Timeframes: 1m through Monthly
The Welford running standard deviation normalizes the wave against its own dispersion, making the engine fully volatility-agnostic. The same default settings work on a 5-second BTC chart and a weekly index chart without retuning.
🟦 TECHNICAL NOTES
- Pine Script v6
- `max_lines_count = 500`, `max_labels_count = 500` (divergence drawings + extremity dot hover labels)
- No repainting — all values calculated on bar close. Pivot-based divergence results appear `Channel Length / 2` bars late by design
- WaveTrend engine intentionally mirrors EliCobra's original Enhanced WaveTrend formulation — the value added by Artemis Wave is in the Pine v6 idioms, the dynamic band scaling, the divergence engine, the Smart Filter, the theme system, and the dashboard, not in altering the well-tested core curve
- UDT fields declared without defaults to comply with Pine v6's compile-time-literal requirement; objects constructed via `Bar.new(...)` and `WaveReading.new(...)`
- `var int x = int(na)` pattern used for safe persistent integer state (pivot bar indices)
- Reversion-band anchors rendered as hidden `plot()`s rather than `hline()`s — `hline()` only accepts compile-time constants, but the band levels are series values driven by the user-tunable Reversion Threshold
- Extremity Dots use a dual-track rendering: `plot.style_circles` for the pixel-perfect visual, plus a parallel invisible `label.style_circle` carrying the hover tooltip (since `plot()` does not support the `tooltip` argument)
🟦 DISCLAIMER
This indicator is provided for educational and informational purposes only. It does not constitute financial advice. Past performance does not guarantee future results. Always conduct your own analysis and apply proper risk management. Indicator
RSI Optimized with Smoothings & Divergence (RSI Optimized)This indicator enhances the classic RSI by adding multiple smoothing layers, a dynamic background based on the average of six smoothings, an info table, and regular divergence detection.
🔹 **Core RSI**
Standard RSI calculation (Wilder) with fully adjustable length and source. Overbought/oversold levels (70/30) are highlighted with a gradient fill.
🔹 **Smoothing MA**
Optionally apply a moving average to the RSI line (SMA, EMA, SMMA, WMA, VWMA). The "SMA + Bollinger Bands" mode adds Bollinger Bands around the smoothed RSI.
🔹 **Six Smoothings (instead of a ribbon)**
Six independent moving averages of the RSI (customizable type and lengths) are plotted. Useful to visualise multiple timeframes or sensitivities at once.
🔹 **Background color (RSI vs Avg of 6 Smoothings)**
Compares the RSI value to the simple average of the six smoothings. Green background when RSI > average (bullish bias), red when RSI < average (bearish bias).
🔹 **Info Table**
Displays in real time:
- Current RSI value (color‑coded by overbought/oversold)
- Average of the six smoothings
- Ratio = (RSI + Avg)/2
- Trend direction (based on RSI vs average)
- Zone (Oversold / Overbought / Bull / Bear / Neutral)
- Smooth trend (fast smoothing 1 vs upper smoothing 6)
🔹 **Regular Divergences**
Detects regular bullish and bearish divergences between price and RSI. Pivot lookback is fixed to 5 bars left/right. An alert is available for each divergence type.
🔹 **All options are configurable via the Settings tab** – from lengths, colors, smoothing types to enabling/disabling the table or divergences.
📌 **How to use**
- Use the six smoothings to identify trend alignment (e.g., all above 50 = strong uptrend).
- The background turns green when RSI stays above the average of all smoothings.
- Watch for divergence signals (labelled "Bull" / "Bear") for potential reversals.
- The info table gives a quick snapshot of momentum and trend state.
This tool is ideal for traders who want a richer RSI experience without cluttering the chart.
NOTE PERSO :THANK TRADING VIEW FOR YOU WORKS , YOU ARE BEST !!! & ENJOY TEAM TRADING VIEW MAKE PEACE NOT WARS !!! STAY TUNED !! Indicator
Elaris RSI Pro [Divergence]Elaris RSI Pro is a professional-grade RSI momentum and divergence indicator built for traders who want cleaner market structure signals, smarter divergence detection, and a more refined trading workflow.
The indicator combines a responsive RSI engine with advanced bullish and bearish divergence detection to help identify potential reversals, continuation setups, and momentum shifts across all market conditions.
Designed with a clean visual experience and optimized performance in mind, Elaris RSI Pro delivers clear signals without unnecessary chart clutter, making it suitable for scalpers, swing traders, and intraday traders alike.
Key Features:
• Regular Bullish & Bearish Divergence Detection
• Hidden Bullish & Bearish Divergence Detection
• Configurable Pivot Detection Engine
• Adjustable Minimum & Maximum Pivot Distance Filters
• Dynamic RSI Momentum Coloring
• Signal Smoothing with EMA Filter
• Overbought / Oversold Zone Visualization
• Optional Divergence Lines & Labels
• Optional Pivot Markers for Advanced Analysis
• Professional Alert Conditions
• Non-Repainting Confirmed Pivot Logic
• Optimized Object Management for Better Performance
Elaris RSI Pro is built using confirmed pivot logic, meaning divergence signals are generated only after pivot confirmation to reduce repainting behavior and improve signal reliability.
The indicator is highly customizable, allowing traders to adapt the sensitivity and visual behavior to different trading styles, markets, and timeframes.
Works well with:
• Market Structure Analysis
• Trend Following Systems
• Support & Resistance Trading
• Smart Money Concepts (SMC)
• Liquidity Sweep Confirmation
• Multi-Timeframe Confluence Strategies
Best used alongside proper risk management and confirmation tools.
Non-Repainting:
This indicator uses confirmed pivot-based calculations. Signals appear only after pivot confirmation and do not repaint historically after confirmation. Indicator
Relative Strength Pullback Map [AGPro Series]Relative Strength Pullback Map
🧠 Core Idea
Is the pullback happening while the asset remains a relative leader against its benchmark?
📌 Overview / What it does
Relative Strength Pullback Map is a benchmark-relative price-action tool built to study whether an asset is pulling back from strength or breaking down into weakness.
The script compares the active symbol against a selected benchmark, builds a relative-strength baseline, evaluates leader status, measures pullback depth, maps a pullback pocket, marks the recovery rail, and summarizes the full context inside a compact AG Pro panel.
It does not predict future price, automate trades, or claim that every leader pullback must recover. It is a structured decision-support map for reading relative strength, benchmark leadership, pullback health, recovery readiness, and relative breakdown risk.
🎯 Purpose & Design Philosophy
Pullbacks are not all equal.
Some pullbacks happen while the asset continues to outperform its benchmark.
Other pullbacks happen because relative strength is already breaking down.
This script was built to separate those two conditions. The design goal is to help traders identify whether a pullback belongs to a still-strong relative leader or a weakening laggard.
⚡ Why This Script Is Different
Most pullback tools focus only on price.
Most relative-strength tools focus only on the ratio line.
This script does NOT treat pullback quality and relative strength as separate ideas.
Instead, it combines benchmark-relative leadership, price pullback depth, trend shelf behavior, recovery rail reclaim, and relative breakdown risk into one visual map.
The focus is not only whether price pulled back.
The focus is whether the asset remained a leader while pulling back.
⚙️ Methodology
1. Benchmark Comparison
The script compares the active symbol against a selected benchmark using a relative-strength ratio.
2. Relative Strength Baseline
The ratio is smoothed into a baseline so leadership can be evaluated against its own recent behavior.
3. Leader Status Scoring
Leader status combines relative-strength distance, relative-strength slope, and price trend structure.
4. Pullback Depth Measurement
The script measures how far price has pulled back from the recent high using ATR-normalized depth and percentage depth.
5. Pullback Pocket Mapping
The pullback pocket is mapped between the fast recovery rail and the deeper trend shelf.
6. Recovery Evaluation
The script checks whether price is reclaiming the recovery rail while relative strength remains constructive.
7. Visual Output
The chart displays the pullback pocket, recovery rail, relative-strength rail, leader/laggard labels, right-side context tags, alerts, and a compact AG Pro panel.
🗺️ How to Read the Chart
Relative Pullback Pocket = the area where a leader pullback can remain structurally constructive.
Recovery Rail = the fast trend rail used to evaluate whether price is starting to recover from the pullback.
RS LEADER tag = the active symbol is outperforming the selected benchmark with constructive relative strength.
PULLBACK tag = the current pullback depth measured in ATR.
LEADER PULLBACK = the asset remains a relative leader while pulling into a meaningful pullback area.
RS HOLD = relative strength remains constructive during the pullback.
RECOVERY READY = price reclaimed the recovery rail while relative strength remained constructive.
RS BREAK = relative strength weakened or price broke the deeper pullback shelf.
Panel = summarizes relative state, quality score, leader status, pullback depth, recovery trigger, benchmark, and next context.
🚦 Signals & States
• LEADER PULLBACK → the asset remains a relative leader while pulling back.
• RS HOLD → relative strength is still holding during the pullback.
• RECOVERY READY → price reclaimed the recovery rail with constructive relative strength.
• RS BREAK → relative strength weakened or the pullback shelf broke.
• LAGGARD RISK → price is pulling back while the asset is no longer a clear relative leader.
🔔 Alerts Logic
Alerts can trigger when a leader pullback appears, relative strength holds, recovery becomes ready, or relative breakdown appears.
These alerts are attention markers only.
They are not trade instructions, entry signals, exit signals, or guaranteed outcomes.
🧩 Confluence Logic
The context becomes stronger when the active symbol remains above its relative-strength baseline, relative-strength slope is constructive, pullback depth is meaningful but not too deep, and price starts reclaiming the recovery rail.
The context becomes weaker when relative strength drops below its baseline, the slope turns down, or price breaks below the deeper trend shelf.
📊 When to Use
• During trend pullbacks
• When comparing an asset against a benchmark
• In crypto rotation analysis
• In stock or ETF relative-strength review
• When looking for leader pullbacks rather than weak pullbacks
• When filtering pullbacks by benchmark-relative performance
⚠️ When NOT to Use
• On symbols with poor benchmark fit
• During extremely noisy sideways markets
• In low-liquidity markets with unreliable candles
• When benchmark data is missing or unsuitable
• As a standalone buy or sell system
🎛️ Key Inputs
• Benchmark Symbol → defines the market used for relative comparison.
• Relative Strength Baseline → controls the smoothing length of the RS ratio.
• RS Slope Lookback → controls how relative-strength direction is evaluated.
• Minimum Leader Score → controls how strict leader classification should be.
• Fast Trend Length → controls the recovery rail.
• Slow Trend Length → controls the deeper pullback shelf.
• Pullback Lookback → controls the recent high used to measure pullback depth.
• Maximum Healthy Pullback ATR → controls when a pullback becomes too deep.
• Label and Panel Font Size → controls chart readability.
🖥️ Interface & Visual Design
The visual design is built around one question:
Is this still a leader pullback?
The pullback pocket shows the structural area, the recovery rail marks the reclaim reference, the relative-strength rail keeps benchmark context visible, the labels mark state changes, and the AG Pro panel summarizes the current decision context.
🧪 Practical Usage Workflow
1. Select an appropriate benchmark.
2. Read the panel first.
3. Check whether the asset is a relative leader.
4. Review pullback depth.
5. Look at the pullback pocket.
6. Watch whether price reclaims the recovery rail.
7. Confirm the broader market structure independently.
🔍 Interpretation Guidelines
A leader pullback means the asset is pulling back while still holding relative strength.
An RS hold means relative leadership has not broken yet.
Recovery ready means price has started reclaiming the recovery rail while relative strength remains constructive.
An RS break means the pullback may no longer be a clean leader pullback.
None of these states guarantee what happens next.
🚫 What This Script Is NOT
This script is not a prediction engine.
It is not a financial advice tool.
It is not an automated trading system.
It does not guarantee recovery after a leader pullback.
It does not guarantee that relative leaders will continue outperforming.
It does not replace risk management or independent analysis.
⚠️ Limitations & Transparency
Relative strength depends heavily on benchmark selection.
Different benchmarks may produce different interpretations.
Different timeframes may show different relative-strength states.
Fast markets can move through the pullback pocket quickly.
Sideways markets may create unclear relative-strength readings.
🧠 Market Context Notes
Relative strength is most useful when combined with structure, trend, volatility, and market regime.
A pullback in a relative leader can be constructive if leadership remains intact.
A pullback with relative breakdown is a weaker context and should be interpreted with caution.
Benchmark choice matters: crypto pairs may use BTCUSDT, stock charts may use SPY, sector ETFs, or another relevant benchmark.
🧾 Use Case Examples
When ETH pulls back while still outperforming BTC, the script can identify whether the pullback remains constructive or starts losing relative strength.
When a stock pulls back against SPY but relative strength holds above baseline, the script can highlight a leader pullback context.
When price breaks the pullback shelf while RS weakens, the script can flag relative breakdown risk.
🧱 System Philosophy
Relative Strength Pullback Map is part of the AGPro Series approach:
Build visual tools that explain market context clearly, avoid hype, avoid prediction claims, and support structured decision-making.
The goal is not to tell users what to do.
The goal is to help users see whether a pullback belongs to a strong leader or a weakening asset.
🔐 Non-Promise Statement
No script can remove uncertainty from trading.
This tool does not promise accuracy, certainty, profitability, or future performance.
📉 Risk Disclosure
Trading involves risk.
Market conditions can change quickly.
Users are responsible for their own decisions, position sizing, risk management, benchmark selection, and interpretation.
This script is for educational and analytical purposes only and does not provide financial advice.
📚 Educational Note
Use this script as a structured way to study relative strength, benchmark leadership, pullback depth, and recovery context.
The most valuable output is not a single label.
The value is the full map: relative state, leader status, pullback pocket, recovery rail, and next context.
Indicator
Indicator
RSI Entry EngineRSI Entry Engine
RSI Entry Engine is an open-source RSI-based entry framework built around one specific analytical idea:
when a smoothed RSI leaves an extreme condition and reclaims back through a defined threshold, that reclaim can be treated as a structured entry event rather than as a generic oscillator fluctuation.
This script is not designed to mark every RSI movement, and it is not intended to behave like a generic “overbought / oversold indicator” that treats all oscillator readings the same way. Its purpose is to smooth RSI behavior, define a hierarchy of RSI states, detect reclaim-style transitions out of extreme zones, and optionally map those reclaim events into a projected risk framework directly on the price chart.
The script also includes a compact status panel and an alert structure so users can monitor RSI condition, internal signal state, and projected trade behavior in a more organized way. These features are included to support analysis and review, not to imply future performance.
OPEN-SOURCE NOTE
This script is published open-source so users can inspect the logic directly, verify what the script is doing, and adapt parts of the workflow for their own research if they wish.
Even though the code is open, this description is intentionally detailed because many PulseWire users do not read Pine Script. The goal is for a user to understand what the script does, how it works, why its parts belong together, and how it may be used in practice without having to study the code line by line.
OVERVIEW
At a high level, the script does seven things:
1. It calculates a base RSI from a selected source and length.
2. It optionally smooths that RSI and also derives a separate signal line from the smoothed RSI.
3. It organizes RSI values into multiple zones such as overbought, oversold, extreme high, extreme low, bullish, bearish, and neutral.
4. It detects reclaim-style entry signals when the smoothed RSI exits an extreme condition by crossing back through the selected extreme boundary.
5. It can project entry, stop loss, and take profit structure onto the main chart.
6. It can maintain a compact status panel summarizing RSI state, momentum, and structure.
7. It provides alert conditions for RSI / signal crosses, reclaim events, centerline transitions, and optional trade outcomes.
The script is therefore meant to function as a complete RSI reclaim-entry and review framework rather than as a single-purpose oscillator plot.
CORE IDEA
Many RSI tools are used in one of two broad ways:
- as a visual overbought / oversold reference,
- or as a simple cross-based signal tool.
This script takes a narrower and more structured approach.
Its main idea is that a reclaim out of an extreme zone may be more useful than the extreme reading by itself.
In other words, the script does not assume that simply being overbought or oversold is enough. Instead, it focuses on the transition that occurs when smoothed RSI moves out of a more extreme condition and crosses back through a defined reclaim threshold.
That is the reason the main signal model is based on:
- reclaim above the extreme-low boundary for a bullish entry event,
- reclaim below the extreme-high boundary for a bearish entry event.
This means the script is not centered on “RSI is high” or “RSI is low” alone. It is centered on the moment when a smoothed oscillator moves from extreme positioning into a reclaim state that can be interpreted as a structured shift in short-term momentum.
WHY THIS SCRIPT IS NOT A SIMPLE MASHUP
This script combines several components, but they are not included simply to add more features to one publication.
Each part has a specific role inside the same analytical workflow:
- The RSI engine defines the core oscillator state.
- The smoothing layer reduces noise and makes reclaim logic less reactive to small fluctuations.
- The signal line provides a secondary internal reference for oscillator structure.
- The zone system divides RSI behavior into interpretable states such as neutral, bullish, bearish, oversold, overbought, and extreme conditions.
- The reclaim logic defines the actual entry event.
- The trade projection layer maps that event onto the price chart using entry, stop, and target logic.
- The panel and alerts organize the resulting information for monitoring and review.
These parts are interdependent.
Without RSI calculation, there is no oscillator framework.
Without smoothing, reclaim logic becomes more sensitive to noise.
Without the level structure, reclaim events lose contextual meaning.
Without the reclaim rule, the script becomes a more generic RSI plot.
Without trade projection, the user still has to manually draw entry, stop, and target after each signal.
Without the panel and alerts, the script offers less structure for monitoring and review.
For that reason, the script is intended as a single RSI reclaim-entry framework, not as a random collection of unrelated features.
WHAT THE SCRIPT DOES
The script calculates RSI from a selected source and length, then optionally smooths it using one of several averaging methods.
It also creates a signal line from the smoothed RSI.
Once those two internal series exist, the script can:
- classify RSI state using multiple threshold levels,
- highlight extreme conditions visually,
- detect reclaim signals out of extreme zones,
- plot labels on the RSI pane,
- project BUY / SELL trade structures on the main price chart,
- update TP / SL boxes over time,
- show a compact state panel,
- create alerts for multiple RSI-related events.
This means the script is not just an oscillator display. It is an oscillator-driven entry framework with optional on-chart trade projection.
HOW THE SCRIPT WORKS
1) RSI ENGINE
The script begins with a standard RSI calculation based on a user-selected source and length.
That raw RSI can then be smoothed using one of several methods:
- None,
- EMA,
- SMA,
- RMA.
The smoothed RSI is the main series used for interpretation and signaling.
A second line called the signal line is then derived from the smoothed RSI using its own smoothing method and length.
This creates two internal oscillator references:
- the smoothed RSI itself,
- and a signal line built from that smoothed RSI.
The spread between those two series is also used in the panel to describe whether RSI is currently above or below its signal structure.
2) RSI STATE MODEL
The script does not treat RSI as a single binary oscillator. It organizes RSI values into multiple states:
- Extreme High,
- Overbought,
- Bullish,
- Neutral,
- Bearish,
- Oversold,
- Extreme Low.
These states are determined by the user-defined threshold levels:
- Overbought,
- Oversold,
- Extreme High,
- Extreme Low,
- and the centerline area around 50.
This state model is important because it gives the reclaim signals context. A reclaim signal is not interpreted in isolation; it is interpreted relative to where the smoothed RSI has been and which region it is leaving.
3) LEVEL STRUCTURE
The script plots:
- 0,
- 100,
- 50 centerline,
- Overbought,
- Oversold,
- Extreme High,
- Extreme Low.
It also fills the overbought and oversold regions for easier visual reading, and can optionally highlight the background when RSI is in an extreme condition.
This visual structure is not only cosmetic. It helps the user see why the script treats certain transitions differently from ordinary oscillator movement.
4) PRIMARY ENTRY SIGNAL MODEL
The main entry logic is reclaim-based.
Bullish entry event:
- the smoothed RSI crosses upward through the Extreme Low level,
- and the bar must be confirmed on close.
Bearish entry event:
- the smoothed RSI crosses downward through the Extreme High level,
- and the bar must be confirmed on close.
This means the script does not trigger merely because RSI becomes extreme. Instead, it waits for RSI to transition back through the selected extreme boundary.
That distinction is important.
A low RSI reading alone can persist for multiple bars.
A reclaim above the extreme-low threshold is a different event.
Likewise, a high RSI reading alone can persist,
but a reclaim downward through the extreme-high threshold is a different event.
The script is built around that reclaim event rather than around static RSI position alone.
5) BAR-CLOSE CONFIRMATION
Signals are confirmed only on bar close.
This is an important implementation detail because RSI can move intrabar and then reverse before the bar closes. By requiring confirmation on the close, the script avoids treating temporary intrabar movement as a completed reclaim signal.
This makes the signal model more conservative and more stable.
6) OPTIONAL TRADE PROJECTION
When a valid bullish or bearish reclaim signal appears, the script can optionally project a trade framework onto the main price chart.
This is done even though the script itself is plotted in a separate RSI pane.
Depending on settings, the projection includes:
- entry reference,
- stop-loss calculation,
- take-profit projection,
- TP box,
- SL box,
- entry line,
- BUY or SELL label.
The user can choose the entry reference method:
- Close,
- Open,
- HLC3.
The user can also choose the stop-loss mode:
- Signal Candle,
- ATR,
- Percent.
This means the script separates signal generation from risk projection. The reclaim event comes from RSI behavior, but the projected stop logic can be adapted to different preferences.
7) STOP-LOSS MODES
The script supports three stop-loss methods:
Signal Candle:
The stop is based on the high or low of the signal candle, depending on trade direction.
ATR:
The stop is based on ATR distance from the projected entry.
Percent:
The stop is based on a percentage distance from entry.
This allows the same reclaim signal model to be projected using different risk frameworks without changing the core RSI logic.
8) TAKE-PROFIT PROJECTION
Take profit is projected using a risk/reward multiple applied to the chosen stop distance.
This means the target is not arbitrary. It is derived from the actual stop distance created by the selected stop-loss mode and then multiplied by the chosen RR value.
This makes the trade projection internally consistent:
signal
→ entry method
→ stop-loss method
→ risk distance
→ take-profit distance.
9) SAME-BAR TP / SL PRIORITY
The script includes an explicit rule for bars where both TP and SL appear to be touched after entry.
The user can choose whether the same-bar priority should be:
- SL,
- or TP.
This is an important implementation detail because it affects projected review behavior. Without an explicit priority rule, same-bar ambiguity can produce inconsistent outcome interpretation.
10) TRADE BOX MAINTENANCE
The script stores projected trades internally and extends TP / SL boxes and entry lines forward as long as the trade remains active.
It also limits how many historical projected trades remain visible by using a maximum stored trade setting. This keeps the chart more manageable and prevents the projection layer from expanding indefinitely.
11) STATUS PANEL
The script includes a compact panel that can display:
- the current RSI value,
- the signal-line value,
- the current RSI state,
- short-term momentum direction based on RSI change,
- whether RSI is above or below its signal line.
This panel is designed to summarize the oscillator’s state without requiring the user to read every value directly from the plot.
12) ALERT STRUCTURE
The script can generate alerts for several types of events:
- RSI crossing above its signal line,
- RSI crossing below its signal line,
- RSI reclaiming above oversold,
- RSI rejecting below overbought,
- RSI crossing above the centerline,
- RSI crossing below the centerline,
- bullish reclaim entry signal,
- bearish reclaim entry signal,
- projected TP hit,
- projected SL hit.
This allows the script to be used either visually or as an alert-based monitoring tool.
WHAT MAKES THIS SCRIPT ORIGINAL
This script uses familiar technical-analysis building blocks such as:
- RSI,
- smoothing methods,
- threshold zones,
- ATR-based risk projection,
- percentage-based stops,
- RR-based targets,
- on-chart annotation.
Those building blocks are not original by themselves.
The originality of this script is not in inventing a completely new oscillator primitive. The originality lies in how those familiar elements are arranged into one structured RSI reclaim workflow:
RSI calculation
→ smoothing
→ signal-line derivation
→ multi-zone RSI state model
→ reclaim detection out of extreme conditions
→ optional on-chart trade projection
→ panel-based monitoring
→ alert and review behavior
That full sequence is the main reason this script exists as its own publication.
It is not intended to be simply another RSI plot, another overbought / oversold overlay, another signal-line cross tool, or another TP / SL box script. It is specifically an RSI reclaim-entry framework that combines oscillator conditioning, reclaim detection, projection, and monitoring in one workflow.
WHAT APPEARS ON THE CHART
Depending on settings, the script may display in the RSI pane:
- smoothed RSI,
- the signal line,
- 0 / 100 bounds,
- centerline,
- overbought and oversold levels,
- extreme-high and extreme-low levels,
- overbought / oversold zone fill,
- optional extreme background highlights,
- UP / DOWN labels,
- a status panel.
On the main price chart, it may also display:
- BUY / SELL labels,
- entry line,
- TP box,
- SL box,
- TP hit labels,
- SL hit labels.
This split design is intentional. RSI analysis remains in the oscillator pane, while projected execution structure appears on the price chart.
HOW TO USE THE SCRIPT
A practical workflow is:
1. Add the script to a chart and choose the RSI source and RSI length.
2. Select whether the RSI should remain raw or be smoothed.
3. Configure the signal line used for internal oscillator structure.
4. Set the overbought, oversold, extreme-high, and extreme-low thresholds.
5. Decide whether you want trade projection on the main chart.
6. Choose entry mode, stop-loss mode, and risk/reward multiple.
7. Wait for a bullish or bearish reclaim signal to be confirmed on bar close.
8. Use the projected trade structure as an analysis framework rather than as a blind instruction.
9. Use the panel and alerts to monitor RSI state and signal transitions.
10. Adjust settings only after reviewing how the same logic behaves across the symbols and timeframes you actually use.
This script is best understood as a structured decision-support and review tool, not as a self-sufficient automated trading system.
SETTINGS REFERENCE
RSI Engine
- RSI Source: input source used for RSI calculation.
- RSI Length: length of the base RSI.
- RSI Smoothing: smoothing method applied to raw RSI.
- Smoothing Length: length of the first smoothing stage.
- Signal Length: length of the signal line.
- Signal Smoothing: smoothing method used for the signal line.
Zones
- Overbought: upper reference threshold.
- Oversold: lower reference threshold.
- Extreme High: upper extreme reclaim boundary.
- Extreme Low: lower extreme reclaim boundary.
Visuals
- Highlight Extreme Background: highlights the panel background during extreme conditions.
- Show Status Panel: enables or disables the panel.
- Panel Position: controls panel location.
- Panel Text Size: controls panel text size.
Trade Engine
- Show TP / SL Boxes On Main Chart: enables or disables price-chart projection.
- Entry Price: selects the projected entry reference.
- Stop Loss Mode: selects how stop loss is calculated.
- Risk Reward: sets the take-profit multiple.
- ATR Length: ATR length used when ATR stop mode is selected.
- ATR Multiplier: ATR multiplier used for ATR stop mode.
- Percent Stop Loss: percentage stop value used in Percent mode.
- Same Bar TP/SL Priority: defines which outcome wins when both are touched on one bar.
- Max Stored Trade Boxes: limits how many projected historical trades remain visible.
Alerts
- Enable RSI / Signal Cross Alerts: alerts for oscillator / signal crosses.
- Enable OB / OS Reclaim Alerts: alerts for reclaim behavior around overbought / oversold.
- Enable Centerline Alerts: alerts for 50-line crosses.
- Enable Entry Signal Alerts: alerts for bullish and bearish reclaim entries.
- Enable TP / SL Hit Alerts: alerts for projected trade outcomes.
IMPORTANT PRACTICAL NOTES
This script depends heavily on the chosen RSI thresholds.
If thresholds are too wide, signals may become very rare.
If thresholds are too narrow, signals may become too frequent.
Signal quality and frequency will also change depending on:
- RSI length,
- smoothing method,
- signal-line length,
- timeframe,
- symbol volatility,
- stop-loss mode.
Because trade projection is built from RSI events rather than from direct price-structure analysis, the projected boxes should be understood as a standardized review layer, not as proof that the market itself respects those projected levels.
LIMITATIONS AND SHORTCOMINGS
This script has important limitations:
- It is an oscillator-based reclaim model, not a full market-structure system.
- It does not identify support and resistance or discretionary chart structure.
- It does not claim that all extreme RSI conditions will reverse.
- It does not use volume profile, order flow, or trend structure beyond the oscillator model itself.
- Its signals depend on smoothing choices and threshold definitions.
- Projected TP / SL outcomes depend on the chosen entry and stop-loss method.
- Same-bar ambiguity is handled by a rule, not by true intrabar reconstruction.
- Historical projected trade behavior should not be interpreted as guaranteed live performance.
- No RSI-based reclaim model can remove all false signals or all regime-dependent behavior.
For those reasons, the script should be used as a structured analysis and review framework, not as a promise of future profitability.
WHO THIS SCRIPT MAY BE USEFUL FOR
This script may be useful for traders who:
- use RSI as a state and transition tool rather than as a static threshold indicator,
- care about reclaim behavior out of extreme zones,
- want optional projected risk structure on the price chart,
- want a compact RSI-state panel,
- want alert-based monitoring of oscillator events.
It may be less suitable for traders who:
- want a pure trend-following tool,
- want structural support / resistance logic,
- want a complete strategy with no need for outside confirmation,
- want projected trade statistics to be treated as live-execution evidence.
DISCLAIMER
This script is provided for educational and informational purposes only.
It does not constitute financial, investment, or trading advice.
Market conditions change, historical behavior does not guarantee future results, and users should perform their own analysis, validation, and risk management before using the script in live decision-making. Indicator
Indicator
SAl VWAP LITE SA Final VWAP — LITE (Beginner Guide)
This strategy is designed to only take trades when 3 layers agree:
Market posture (HTF = 1H VWAP direction)
Mid confirmation (MID = 15m VWAP direction)
Execution entry (your chart timeframe signal: SMA trend + VWAP + wick flip + RSI)
It’s built to avoid chop by requiring trend + location + momentum + a reversal wick trigger.
1) What the script does (in plain English)
A Long (green) signal happens only when ALL are true:
✅ HTF VWAP is bullish (price above VWAP on 1H)
✅ MID VWAP is bullish (price above VWAP on 15m)
✅ Execution trend is bullish (SMA3 > SMA8 AND close > SMA8)
✅ Price is above VWAP on your current chart
✅ The prior candle had an upper wick (bearish rejection wick)
✅ RSI is strong (RSI > 55 by default)
A Short (red) signal happens only when ALL are true:
✅ HTF VWAP is bearish (price below VWAP on 1H)
✅ MID VWAP is bearish (price below VWAP on 15m)
✅ Execution trend is bearish (SMA3 < SMA8 AND close < SMA8)
✅ Price is below VWAP on your current chart
✅ The prior candle had a lower wick (bullish rejection wick)
✅ RSI is weak (RSI < 45 by default)
If those aren’t met, candles stay gray = no trade / neutral.
2) How to add it on PulseWire (step-by-step)
Open PulseWire
Click Pine Editor (bottom panel)
Paste the full script
Click Save
Click Add to chart
Go to Strategy Tester (bottom) to view results
If you want alerts:
You can still create alerts for strategy orders, but it works best if we convert it to an indicator version with alert conditions. (If you want, tell me and I’ll generate that version.)
3) Best instruments to use it on
This type of VWAP+trend+RSI filter works best on instruments with:
High liquidity
Clean trend behavior
Tight spreads / stable fills
Best:
Index futures: NQ / ES
Index ETFs: QQQ / SPY
Very liquid mega caps: AAPL / MSFT / NVDA
Avoid thin stocks or random low-volume names.
4) Best timeframes to run it on (beginner safe)
✅ Recommended execution timeframes (where entries trigger)
1 minute (fast, best if you’re experienced)
3 minute (balanced)
5 minute (most beginner friendly)
✅ Gate timeframes (already built in)
HTF = 60 min
MID = 15 min
These should usually stay as-is.
5) How to interpret the candle colors
Green candle = A valid LONG signal fired on that bar
Red candle = A valid SHORT signal fired on that bar
Gray candle = No signal (do nothing)
This is important: Gray is a feature, not a problem.
Gray means the system is protecting you from chop.
6) What “Strict Mode (HTF=MID)” really means
When Strict Mode = ON:
HTF and MID must agree exactly
This reduces signals but improves quality
When Strict Mode = OFF:
HTF alone can allow direction
More trades, more noise
Beginner rule: keep Strict Mode ON.
7) How to trade it (simple beginner rules)
Long trade rules
Wait for a green candle (signal candle)
Enter at the close of the candle (or next candle open)
Use your stop (your script currently uses TP+SL inside strategy)
Short trade rules
Wait for a red candle
Enter at the close (or next candle open)
Respect stop loss
Most important discipline rule
Do not take trades “because it’s close.”
Take only when the candle is green/red.
8) Why the wick rule is powerful
This is a key “needle shifter.”
Long requires prior bearish wick (upper wick):
That shows sellers tried to push up resistance / reject price — and failed.
If the market is still above VWAP + trend is up, that wick often marks a “dip-then-go” continuation.
Short requires prior bullish wick (lower wick):
Buyers tried to defend and push up — but got rejected.
Under VWAP + downtrend + weak RSI, that wick often becomes the last pullback before continuation down.
So the wick rule helps avoid entering mid-candle or late chase entries.
9) How to avoid the 100-point reversal problem you mentioned
Those big reversals usually come from one of these:
(A) Taking signals inside chop
Fix: keep Strict Mode ON, and keep RSI thresholds.
(B) Trading directly into a major support/resistance zone
Fix:
Avoid entries right at prior day high/low, overnight high/low, or major swing points
Don’t short directly into support; don’t long into resistance
(C) News spikes
Fix:
Avoid trading major news windows (CPI, FOMC, Powell, NFP)
VWAP systems can get steamrolled temporarily during high-impact releases
10) Beginner settings I recommend (starting defaults)
Keep these:
Strict Mode = ✅ ON
RSI Length = 14
RSI Bull > 55
RSI Bear < 45
SMA = 3 & 8 (as you have now)
HTF = 60m, MID = 15m
If you want fewer trades but higher quality:
RSI Bull > 58
RSI Bear < 42
wickMinTicks = 2 (filters tiny meaningless wicks)
11) What you should NOT do (common beginner mistakes)
❌ Don’t take trades when candles are gray
❌ Don’t reverse immediately because the opposite color appears one candle later
❌ Don’t use this as a prediction tool — it’s a confirmation tool
❌ Don’t force trades in low volume periods (midday chop)
12) Best “times of day” to trade it (for index products)
For NQ/ES/QQQ/SPY, the cleanest VWAP trend behavior is usually:
9:35–11:00 ET (best)
1:30–3:30 ET (good)
Avoid 11:30–1:15 ET (chop zone)
Why You Should Monitor the Strategy Report (Very Important)
This script is intentionally published as a strategy, not just an indicator.
That is by design.
The Strategy Tester Report is a core part of how this tool should be evaluated.
When you open the Strategy Tester tab in PulseWire, you gain insight into:
Win rate consistency across timeframes
Drawdown behavior during choppy vs trending conditions
How often signals occur (selectivity matters)
Performance differences between 1m, 3m, and 5m charts
The value of the HTF + MID gating logic during high-risk periods
⚠️ Do not judge this tool based on a handful of trades or one session.
Its real value shows up when you observe:
Fewer trades during chop
Cleaner participation during directional sessions
Reduced exposure during regime conflict
This is exactly why the higher-timeframe VWAP posture and RSI/wick filters exist.
🧠 How to Use the Strategy Report Effectively (Beginner Tip)
To properly evaluate the system:
Apply the strategy to one instrument (ex: NQ, ES, QQQ)
Test one execution timeframe at a time (1m, 3m, or 5m)
Keep HTF = 60m and MID = 15m fixed
Review results over multiple days, not single sessions
Pay attention to:
Max drawdown
Trade clustering
Losing streak behavior (this matters more than win rate alone)
This will give you a much more realistic understanding of what the system is designed to do.
🔒 About This Script (Important Notice)
This SA Final VWAP — LITE script is intentionally:
Condensed
Restricted
Directionally gated
Missing advanced logic layers
It represents the last free public release of this VWAP-based framework.
The full version includes additional proprietary components such as:
Expanded regime classification
Enhanced VWAP slope and acceptance logic
Advanced no-trade zones
Multi-setup prioritization
Internal failure-state suppression
Additional probabilistic filters not exposed here
These components materially change behavior during difficult market conditions and are not included in this public script.
📩 For Serious Users / Full Version Access
If you find this indicator useful, insightful, or different from typical PulseWire tools, you are encouraged to reach out directly.
This script is meant to:
Demonstrate the core logic
Allow you to validate performance via the strategy report
Help you decide whether the full framework is appropriate for your trading
📬 For access to the complete version and additional attributes of the algorithm, contact the author directly.
This separation is intentional to:
Protect intellectual property
Maintain system integrity
Ensure serious users receive proper context and guidance
🧭 Final Note
This is not a prediction tool.
It is a confirmation and participation framework designed to operate when probability, structure, and momentum align.
Gray candles are protection.
Green and red candles are permission.
Use it with patience, discipline, and proper evaluation — and let the strategy report tell you the real story. Strategy
RSI [Hash Capital Research]RSI is a visually enhanced momentum indicator built on the classic Relative Strength Index.
This version expands RSI into a more flexible analytical tool through smoothing options, adaptive zone-based coloring, optional signal line overlays, and divergence detection.
It is designed as a context-building indicator, not a standalone entry system.
What This Indicator Does
This script calculates a smoothed RSI using user-defined parameters and then provides multiple optional enhancements:
1. Adaptive RSI Visualization
The core RSI is plotted with:
Zone-based color changes (neutral, oversold, overbought)
Optional glow effects to emphasize extreme conditions
User-defined color intensity and midline visibility
The goal is to provide clearer visual segmentation of trend strength and momentum behavior.
2. Custom Smoothing & Signal Line Options
The indicator allows:
Multi-layer smoothing for RSI stability
An optional signal line using the trader’s preferred moving-average method (SMA, EMA, SMMA/RMA, WMA, VWMA)
This helps operators examine whether momentum is accelerating or stabilizing relative to its mean.
3. Overbought/Oversold Tools
User-defined thresholds determine:
Highlighted zones
Optional markers for extreme reversals (based on RSI + momentum + velocity criteria)
Midline (50) cross highlights for trend-bias transitions
These features help contextualize where the RSI sits relative to broader momentum regimes.
4. Divergence Detection (Optional)
When enabled, the script scans for regular bullish and bearish divergences using pivot-based structure.
It compares:
Price making lower lows vs RSI making higher lows (bullish)
Price making higher highs vs RSI making lower highs (bearish)
Detected divergences are plotted on the RSI panel with visual labels.
This detection uses pivot lookbacks and range limits defined by the user.
5. Alerts
The indicator provides optional alerts for:
Extreme reversals
Overbought/oversold momentum shifts
Midline (50) crossovers
Bullish / bearish divergences
Alerts are intended for monitoring, not for automated execution.
How to Use It
This RSI modification is intended to support broader analysis workflows, including:
Identifying regime shifts using midline crosses
Monitoring momentum structure across trend phases
Highlighting oversold or overbought clustering
Adding a visual signal line to interpret momentum smoothing
Spotting divergence between price and RSI
As with all indicators, this tool should be used as one component of a complete analysis framework.
What Makes This Version Distinct
This script maintains the core behavior of RSI but introduces:
A multi-layer smoothing system
Adaptive colors calibrated to oversold/neutral/overbought zones
Optional glow visualizations
A modular signal-line engine with multiple MA types
Configurable divergence detection with visual labels
Multiple marker placement modes for extreme conditions
These features expand RSI’s readability while keeping its underlying logic transparent and consistent with common operator workflows.
Important Notes
This is an indicator, not a strategy. It does not execute trades or calculate performance metrics.
The visual enhancements are designed to improve clarity, not to generate automated “buy” or “sell” systems.
Divergence detection is optional because divergence is inherently contextual and may not apply equally across all markets or timeframes.
Indicator
Ultimate Major Contextual Dashboard (Multi-Asset)Overview : The Ultimate Major Dashboard is a performance-optimized market overview tool designed to provide a consolidated snapshot of the 7 major Forex pairs and Gold. It aggregates correlation, trend, momentum, and volatility data into a single, clean table, allowing users to view broader market context without switching charts.
Technical Logic & Components : This indicator utilizes a modular function to analyze EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD, and XAUUSD across four key dimensions:
Intermarket Correlation (Pearson Coefficient): Uses ta.correlation() to compare each asset against the symbol currently on your main chart.
Logic: Values above 0.7 (Dark Green) suggest a strong positive relationship, while values below -0.7 (Dark Red) suggest inverse behavior. This is calculated over a rolling 50-period window to balance stability with current market sensitivity.
Trend Bias (EMA-200): Evaluates the long-term trend by checking price position relative to the 200-period Exponential Moving Average.
Visuals: An upward arrow (⬆) indicates price is above the EMA; a downward arrow (⬇) indicates it is below.
Momentum (RSI-14): Calculates the Relative Strength Index. The dashboard automatically highlights readings above 70 (OB) or below 30 (OS) to help identify potential momentum extremes.
Volatility (ATR-14): Displays the Average True Range as a reference for the current active range of each market, helping users compare volatility levels across the majors.
How to Interpret the Dashboard
Asset Alignment: Correlation values help identify when pairs are moving in "unison" versus when a specific currency is diverging from the group.
Directional Context: Combining the Trend (EMA) and Momentum (RSI) columns provides a quick view of whether a market is trending strongly or reaching an exhaustion point.
Volatility Benchmarking: The ATR values offer perspective on which pairs are currently the most active, assisting in market comparison based on volatility preference.
Data Handling & Customization
Multi-Symbol Sync: Data is fetched using request.security(). The calculations are synchronized with the chart's current bar state for real-time accuracy.
Dynamic TF: Users can select the analysis timeframe (60, 240, D, W) via the settings menu.
Flexibility: The dashboard position can be toggled between all four corners of the chart to avoid overlapping with price action.
Disclaimer
This tool is provided for analytical and educational purposes only. It does not generate trading signals and should not be considered financial advice. Indicator
Adaptive Trend Mapper-ATM [Arjo]Adaptive Trend Mapper (ATM) is a directional pressure indicator designed to visualize how buying and selling commitment evolves during market trends.
Instead of focusing on price direction alone, ATM maps who is exerting stronger pressure —buyers or sellers—and how that pressure expands, weakens, or compresses over time.
Idea
ATM is built around a single concept:
Directional pressure is best understood by weighting trend strength against directional imbalance .
To achieve this, the indicator transforms trend strength into two opposing pressure measures:
Bull Pressure Index
Bear Pressure Index
These indices expand, contract, and converge based on how strongly buyers or sellers are committing, rather than simply tracking momentum or price changes.
How It Works
1. Bull & Bear Pressure Indices
ATM derives two pressure curves by weighting trend strength against directional imbalance:
The Bull Pressure Index increases when upward pressure strengthens.
The Bear Pressure Index increases when downward pressure strengthens.
Both indices operate on a 0–100 scale and are designed to diverge during strong trends and converge during non-directional or compressed phases.
Optional smoothing can be applied to reduce noise and improve readability.
2. Compression / Squeeze Detection
When:
Trend strength weakens,
Bull and Bear pressure converge,
And convergence continues over time,
ATM highlights a compression zone, signaling reduced directional conviction.
These zones often precede directional expansion once pressure rebuilds.
3. Adaptive Trend Context
An adaptive smoothed price curve is displayed on the chart to provide trend context.
Color changes reflect short-term directional shifts, helping align pressure signals with price structure.
This component is contextual only and does not generate signals by itself.
4. Optional Trend Bias Reference
An optional EMA-50 can be enabled to help identify broader directional bias and align pressure behavior with the prevailing trend.
5. Step-Based Visualization
The pressure indices can be optionally step-compressed, improving clarity on fast or noisy charts by reducing minor fluctuations.
How to Use ATM
Rising Bull Pressure → strengthening buyer commitment
Rising Bear Pressure → strengthening seller commitment
Wide separation between indices → strong directional trend
Convergence with compression highlight → range or pre-breakout environment
Notes
ATM uses widely known market concepts such as trend strength, directional imbalance, and adaptive smoothing as conceptual inputs.
All calculations, pressure mapping logic, and compression detection are original implementations developed specifically for this script.
ATM is effective when used to assess participation quality, not as a standalone signal generator.
Disclaimer
This indicator is intended for analysis and educational purposes only.
It does not generate buy or sell signals.
Always apply proper risk management.
Happy Trading. Indicator
Indicator
Indicator
Kinetic RSI [Vel + Accel] + AlertsThe Problem with Standard RSI
Most traders use the Relative Strength Index (RSI) to see if a market is "Overbought" (above 70) or "Oversold" (below 30). The problem? A strong trend can stay overbought for days, burning short sellers, or an asset can stay oversold while price continues to crash. Standard RSI tells you where the price is, but it doesn't tell you how hard it is moving.
The Solution: Kinetic RSI
This script reimagines RSI by applying basic physics concepts: Velocity and Acceleration.
Instead of asking "Is RSI below 30?", this indicator asks: "Is RSI below 35 AND did it just make a violent, high-speed turn upwards?"
It filters out lazy, drifting price action and only signals when momentum is accelerating in a new direction.
How It Works (The Math)
Velocity: We calculate the speed of the RSI change (Current RSI - Previous RSI).
Acceleration: We calculate if that speed is increasing (Current Velocity - Previous Velocity).
The Trigger: A signal is only generated if the RSI is in an extreme zone (<35 or >65) AND it has high Velocity AND positive Acceleration.
How to Trade It
1. The "Kick" Signals (Background Highlights)
🟢 Green Background (Bullish Kick): The RSI was low, but buyers stepped in aggressively. The momentum is not just positive; it is accelerating upward. This is often a "V-Bottom" catch.
🔴 Red Background (Bearish Kick): The RSI was high, but sellers slammed the price down. Momentum is accelerating downward.
2. The Line Color
Lime Line: Velocity is positive (Momentum is rising).
Fuchsia Line: Velocity is negative (Momentum is falling).
Usage: If the background flashes Green (Buy Signal), but the line turns back to Fuchsia (Red) a few bars later, the move has failed—exit the trade.
Settings & Alerts
RSI Length: Standard 14 (Adjustable).
Velocity Threshold: Controls sensitivity.
Lower (e.g., 2-3): More signals, catches smaller reversals.
Higher (e.g., 5+): Fewer signals, catches only massive "shocks" to the price.
Alerts Included: You can set alerts for "Bullish Kick," "Bearish Kick," or "Any Kick" to get notified of volatility spikes.
Best Practices
Wait for the Close: This indicator measures the closing velocity. Always wait for the bar to close to confirm the background color signal.
Trend Filtering: This works best as a "Reversal" indicator. If the market is in a super-strong uptrend, ignore the Bearish (Red) signals and only take the Bullish (Green) dips. Indicator
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 PulseWire'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 Indicator
Market Extreme Zones IndexThe Market Extreme Zones Index is a new mean reversion (valuation) tool focused on catching long term oversold/overbought zones. Combining an enhanced RSI with a smoothed Z-score this indicator allows traders to find oppurtunities during highly oversold/overbought zones.
I will separate the explanation into the following parts:
1. How does it work?
2. Methodologies & Concepts
3. Use cases
How does it work?
The indicator attempts to catch highly unprobable events in either direction to capture reversal points over the long term. This is done by calculating the Z-Score of an enhanced RSI.
First we need to calculate the Enhanced RSI:
For this we need to calculate 2 additional lengths:
Length1 = user defined length
Length2 = Length1/2
Length3 = √Length
Now we need to calculate 3 different RSIs:
1st RSI => uses classic user defined source and classic user defined length.
2nd RSI => uses classic user defined source and Length 2.
3rd RSI => uses RSI 2 as source and Length 2
Now calculate the divergence:
RSI_base => 2nd RSI * 3 - 1st RSI - 3rd RSI
After this we need to calculate the median of the RSI_base over √Length and make a divergence of these 2:
RSI => RSI_base*2 - median
All that remains now is the Z-score calculations:
We need:
Average RSI value
Standard Deviation = a measure of how dispersed or spread out a set of data values are from their average
Z-score = (Current Value - Average Value) / Standard Deviation
After this we just smooth the Z-score with a Weighted Moving average with √Length
Methodology & Concepts
Mean Reversion Methodology:
The methodology behind mean reversion is the theory that asset prices will eventually return to their long-term average after deviating significantly, driven by the belief that extreme moves are temporary.
Z-Score Methodology:
A Z-score, or standard score, is a statistical measure that indicates how many standard deviations a data point is from the mean of a dataset. A positive z-score means the value is above the mean, a negative score means it's below, and a score of zero means the value is equal to the mean.
You might already be able to see where I am going with this:
Z-Score could be used for the extreme moves to capture reversal points.
By applying it to the RSI rather than the Price, we get a more accurate measurement that allow us to get a banger indicator.
Use Cases
Capturing reversal points
Trend Direction
- while the main use it for mean reversion, the values can indicate whether we are in an uptrend or a downtrend.
Advantages:
Visualization:
The indicator has many plots to ensure users can easily see what the indicator signals, such as highlighting extreme conditions with background colors.
Versatility:
This indicator works across multiple assets, including the S&P500 and more, so it is not only for crypto.
Final note:
No indicator alone is perfect.
Backtests are not indicative of future performance.
Hope you enjoy Gs!
Good luck! Indicator
Strategy
RSI Momentum ScalperOverview
The "RSI Momentum Scalper" is a Pine Script v5 strategy crafted for trading highly volatile markets, with a special focus on newly listed cryptocurrencies. This strategy harnesses the Relative Strength Index (RSI) alongside volume analysis and momentum thresholds to pinpoint short-term trading opportunities. It supports both long and short trades, managed with customizable take profit, stop loss, and trailing stop levels, which are visually plotted on the chart for easy tracking.
Why I Created This Strategy
I developed the "RSI Momentum Scalper" because I was seeking a reliable trading strategy tailored to newly listed, highly volatile cryptocurrencies. These assets often experience rapid price fluctuations, rendering traditional strategies less effective. I aimed to create a tool that could exploit momentum and volume spikes while managing risk through adaptable exit parameters. This strategy is designed to address that need, offering a flexible approach for traders in dynamic crypto markets.
How It Works
The strategy utilizes RSI to identify momentum shifts, combined with volume confirmation, to trigger long or short entries. Trades are controlled with take profit, stop loss, and trailing stop levels, which adjust dynamically as the price moves in your favor. The trailing stop helps lock in profits, while the plotted exit levels provide clear visual cues for trade management.
Customizable Settings
The script is highly customizable, allowing you to adjust it to various market conditions and trading styles. Here’s a brief overview of the key settings:
Trade Mode: Select "Both," "Long Only," or "Short Only" to determine the trade direction.
(Default: Both)
RSI Length: Sets the lookback period for the RSI calculation (2 to 30).
(Default: 8)
A shorter length increases RSI sensitivity, suitable for volatile assets.
RSI Overbought: Defines the upper RSI threshold (60 to 99) for short entries.
(Default: 90)
Higher values signal stronger overbought conditions.
RSI Oversold: Defines the lower RSI threshold (1 to 40) for long entries.
(Default: 10)
Lower values indicate stronger oversold conditions.
RSI Momentum Threshold: Sets the minimum RSI momentum change (1 to 15) to trigger entries.
(Default: 14)
Adjusts the sensitivity to price momentum.
Volume Multiplier: Multiplies the volume moving average to filter high-volume bars (1.0 to 3.0).
(Default: 1)
Higher values require stronger volume confirmation.
Volume MA Length: Sets the lookback period for the volume moving average (5 to 50).
(Default: 13)
Influences the volume trend sensitivity.
Take Profit %: Sets the profit target as a percentage of the entry price (0.1 to 10.0).
(Default: 4.15)
Determines when to close a winning trade.
Stop Loss %: Sets the loss limit as a percentage of the entry price (0.1 to 6.0).
(Default: 1.85)
Protects against significant losses.
Trailing Stop %: Sets the trailing stop distance as a percentage (0.1 to 4.0).
(Default: 2.55)
Locks in profits as the price moves favorably.
Visual Features
Exit Levels: Take profit (green), fixed stop loss (red), and trailing stop (orange) levels are plotted when in a position.
Performance Table: Displays win rate, total trades, and net profit in the top-right corner.
How to Use
Add the strategy to your chart in PulseWire.
Adjust the input settings based on the cryptocurrency and timeframe you’re trading.
Monitor the plotted exit levels for trade management.
Use the performance table to assess the strategy’s performance over time.
Notes
Test the strategy on a demo account or with historical data before live trading.
The strategy is optimized for short-term scalping; adjust settings for longer timeframes if needed. Strategy
