Breakout Volume Quality [AGPro Series]Breakout Volume Quality
🔷 OVERVIEW
Breakout Volume Quality is a chart-overlay indicator built to answer one specific question:
When price breaks a defended level, did that break carry real participation quality, or was it only a low-conviction move beyond the line?
Many breakout tools detect the level break itself. This script goes one layer deeper. It evaluates the breakout candle through relative volume, body efficiency, close location, distance beyond the broken level, expansion versus ATR, and the quality of the underlying support-resistance range. The output is a clean 0-100 breakout volume quality score, a visual confirmation band, a compact event label, and a retest state panel.
The goal is not to mark every possible breakout. The goal is to separate a cleaner participation-backed break from a weak level poke that deserves less visual attention.
🔹 CORE IDEA
A breakout is more useful when price does more than cross a line.
Breakout Volume Quality looks for a sequence:
1. A support or resistance reference is built from repeated pivot interaction.
2. Price closes beyond that defended level by an ATR-adjusted buffer.
3. The breakout candle is graded for relative volume participation.
4. Candle structure is checked for efficient body control and directional close quality.
5. The move is measured against ATR to understand displacement and expansion.
6. Confirmed events project a forward confirmation band.
7. The script then tracks whether the broken level produces a clean retest hold, expires, or fades back inside.
This creates a more complete event map than a simple arrow above or below a candle.
💠 UNIQUE EDGE
The edge of this script is the "volume verdict" layer.
It does not simply ask whether price broke resistance or support. It asks whether the break showed enough participation quality to deserve confirmation.
That distinction matters because visually similar breakouts can behave very differently:
- A break with elevated relative volume, strong body efficiency, and a close near the directional extreme usually communicates cleaner participation.
- A break with low relative volume, wick-heavy structure, and a weak close beyond the level may be more fragile.
- A move that breaks, confirms, and later holds the band is visually different from a move that immediately fades back inside.
Breakout Volume Quality turns those differences into a readable score and a structured chart layer.
🔶 WHAT MAKES IT DIFFERENT FROM OTHER AGPRO BREAKOUT TOOLS
This script was intentionally designed to avoid overlapping with the existing AGPro breakout family.
It is not a Donchian breakout tool.
It does not revolve around a rolling channel high or low as the main concept. The level reference comes from defended pivot interaction, and the main evaluation is the volume quality of the break.
It is not an Inside Bar breakout tool.
It does not require a parent candle compression pattern. The script can evaluate broader defended levels rather than only inside-bar structures.
It is not an Opening Range breakout tool.
There is no session opening window, no locked opening range, and no session-specific model.
It is not an ATR Envelope breakout tool.
It does not treat a dynamic volatility envelope as the breakout boundary. ATR is used for normalization, buffers, bands, and score scaling.
It is not a Break-Retest quality tool.
The retest state is included for workflow context, but the core score is assigned to the breakout candle and its participation quality. The first retest is not the central scoring event.
It is not a Failed Break or trap-reclaim tool.
Weak breaks are faded as failed confirmations, but the script does not rebuild the event into a reversal or reclaim model.
It is not a general RVOL pressure map.
Relative volume is used specifically to validate level breaks, not to classify all candles into broad pressure states.
This gives Breakout Volume Quality its own clear lane: breakout participation quality around defended levels.
📌 VISUAL COMPONENTS
Breakout Line
The broken level is extended forward so the user can see the exact structural reference being tested.
Decision Rails
Eligible defended support and resistance references are displayed as subtle forward rails. These rails keep the chart active while price is building around a level, without turning the script into a generic support-resistance map.
Volume Build-Up Windows
Compact boxes labeled BULL SETUP or BEAR SETUP can frame areas where price is building volume pressure near an eligible breakout level before confirmation. These windows are concept-native: they show pre-breakout participation pressure, not generic support-resistance zones.
Optional Advanced Layers
RVOL approach marks, quality candle glow, and pressure trail points are available for users who want more activity on the chart, but they are disabled by default so the main public view remains easy to read.
Confirmation Band
A rectangular band is projected around the broken level. Confirmed events use stronger visual emphasis, while weak confirmations are faded so the chart keeps important context without becoming noisy.
Failed-Confirmation Fade
When price breaks a level but fails the volume, score, candle structure, or close-quality model, the event can still be shown as a softer failed confirmation band. Cleaner weak confirmations can also print WEAK UP or WEAK DOWN labels through a minimum-score filter, so the chart gains more context without labeling every low-quality break.
Retest Hold Label
After a confirmed breakout, the script watches the band for a clean hold. A retest hold is labeled only once so the chart remains controlled.
Summary Panel
The panel displays the current breakout side, volume confirmation, expansion, retest state, and score. It is designed for quick chart reading without covering the price action.
⚙️ SCORING MODEL
The score is built from six components:
Relative Volume
Measures whether current participation is meaningfully above its volume baseline.
Body Efficiency
Measures how much of the candle range is represented by the real body.
Directional Close Location
Checks whether the candle closes toward the breakout side of its own range.
Break Distance
Measures how far the close finishes beyond the broken level in ATR terms.
Expansion
Measures the breakout candle range relative to ATR.
Range Quality
Rewards levels that come from a more defined structure rather than a loose oversized range.
Together, these components produce a transparent 0-100 score and a grade-style readout.
🧭 HOW TO USE
Use the script to study whether a breakout has participation quality.
A stronger event usually has:
- A clean close beyond the level.
- Relative volume above the confirmation threshold.
- A body-dominant candle.
- A close near the breakout-side extreme.
- Meaningful ATR-normalized displacement.
- A confirmation band that later holds during a retest.
A weaker event may show:
- Low relative volume.
- A wick-heavy breakout candle.
- A close barely beyond the level.
- Fast return back inside the broken structure.
- A faded failed-confirmation label instead of a confirmed event.
The script is best used as a structured chart-reading layer. It helps organize breakout quality, but it is not a complete trading system by itself.
🔷 KEY INPUTS
Pivot Strength
Controls how support and resistance references are confirmed.
Minimum Level Touches
Requires repeated interaction before a level becomes eligible.
Level Match Tolerance ATR
Groups nearby pivots into one defended level.
Close Beyond Level ATR
Controls how decisive the break must be beyond the level.
RVOL Confirmation Threshold
Defines the participation level required for volume confirmation.
Minimum Body Efficiency
Filters weak, wick-heavy breakout bars.
Directional Close Location
Requires the candle to close toward the breakout side.
Minimum Score To Confirm
Controls how selective confirmed breakout labels should be.
Confirmation Band ATR
Sets the height of the projected band around the broken level.
Retest Watch Window
Defines how long the script watches for a clean retest hold.
Panel Location / Theme / Font Size
Allows the panel to be adapted to different chart layouts.
Label Font Size / Label Offset
Keeps labels readable and away from candle bodies.
🔶 BEST USE CASE
Breakout Volume Quality works best when the chart has visible defended levels and the user wants a cleaner way to judge whether the break had enough participation behind it.
It is especially useful for:
- Breakouts through repeated swing highs or swing lows.
- Range exits where volume quality matters.
- Comparing strong break candles against weak level pokes.
- Reviewing whether a breakout level later behaves as a confirmation band.
- Keeping weak break attempts visible without giving them the same visual weight as confirmed events.
The script is intentionally restrained: no oversized dashboard, no heavy channel system, no session dependency, and no unnecessary signal spam. The chart stays focused on the level, the break, the volume verdict, and the retest state.
🔹 ALERTS
The script includes alert conditions for:
- Bullish breakout volume confirmation.
- Bearish breakout volume confirmation.
- Breakout failed volume confirmation.
- Breakout retest hold.
- Breakout failed back inside.
These alerts are event prompts for chart review and workflow organization.
💎 DESIGN PHILOSOPHY
Breakout Volume Quality is built to feel clean, premium, and practical on a public PulseWire chart.
The visual hierarchy is deliberate:
- Confirmed breaks are visible but not loud.
- Cleaner weak confirmations are faded and labeled through a score filter, while low-quality weak breaks stay visually softer.
- Decision rails keep active levels visible between major events.
- Labeled setup windows explain where pre-breakout volume pressure is forming.
- Optional activity layers are available, but the default chart does not rely on unlabeled dots.
- Bands are long enough to make the level meaningful.
- Retest labels appear only when the state actually changes.
- The panel stays compact and focused on the fields that matter.
The result is a breakout tool that is easy to understand at first glance, but still has enough structure underneath to support serious review.
Indicator
Stage 2 Trend Qualifier 8-Criteria Trend Template with RS scoreA compact on-chart dashboard that evaluates whether a stock qualifies as a Stage 2 uptrend using an 8-criteria trend template based on moving average alignment and price position relative to key benchmarks. Includes relative strength scoring, outperformance day tracking, and RS line analysis.
█ WHAT IT DOES
This indicator runs 8 mechanical checks on every bar and displays pass/fail status in a clean overlay table:
1. Price above 150-day SMA
2. Price above 200-day SMA
3. 50-day SMA above 150-day SMA
4. 50-day SMA above 200-day SMA
5. 200-day SMA trending up for at least 1 month
6. Price at least 25% above its 52-week low
7. Price within 25% of its 52-week high
8. Price not more than 10% below the 50-day SMA
When all 8 pass → STAGE 2 (confirmed uptrend). Otherwise the indicator classifies the stock as Stage 1 (basing), Stage 3 (topping), or Stage 4 (decline) based on moving average relationships.
█ RS SCORE (1–99)
Relative strength versus a user-selected benchmark (default: SPY) displayed as a normalized score from 1 to 99 across four timeframes: 1M, 3M, 6M, and 12M.
50 = matching the benchmark. Above 50 = outperforming. Below 50 = underperforming. Each timeframe uses a calibrated scale so scores are comparable across periods.
Color coding:
≥80 → bright green (strong leader)
60–79 → green (outperformer)
40–59 → gray (average)
<40 → red (laggard)
█ RS DAYS
Counts how many trading days the stock outperformed the benchmark over rolling windows of 15, 30, and 60 days. Displayed as: count (win-rate%). For example, "9 (60%)" means the stock beat the benchmark on 9 out of 15 days.
A high RS Score with a low RS Days % means the stock had a few big winning days but isn't consistently leading — less reliable strength. Consistent outperformance (>60%) across all windows is the strongest signal.
█ RS LINE STATUS
Evaluates the relative strength line (stock price ÷ benchmark price) versus its own 52-week high:
NEW HIGH → RS line at its 52-week peak. Strongest relative performance in a year. Often leads price breakouts.
NEAR HIGH → Within 3% of 52-week high. Relative strength building toward leadership.
NEUTRAL → 3–15% below 52-week high. Average relative performance, no clear edge.
WEAK → More than 15% below 52-week high. Relative strength deteriorating. Market rotating away.
█ ALERTS
Three built-in alert conditions:
- Stage 2 Qualified — stock transitions from <8/8 to 8/8 criteria met
- Stage 2 Lost — stock drops from 8/8 to fewer criteria met
- RS Line New High — relative strength line hits a new 52-week high
█ SETTINGS
- Toggle sections: Trend Template, RS Score & Days (on/off independently)
- Table position: any corner or middle edge
- Text size: tiny, small, normal
- Theme: Dark or Light (match your chart background)
- Benchmark symbol: default SPY, changeable to any index or ETF
█ USAGE NOTES
- Designed for the DAILY timeframe. On intraday or weekly charts, the bar-based lookbacks (252 bars for 52-week, 21 bars for 1 month) represent chart bars, not calendar days.
- Stage 2 identification is mechanically precise — all 8 criteria must pass. Stages 1, 3, and 4 use approximate moving average relationship logic.
- RS Score normalizes relative performance to a 1–99 scale. This is NOT a percentile rank across a stock universe — it measures magnitude of outperformance vs your selected benchmark.
- This indicator is an educational and analytical tool. It does not generate buy or sell signals. Indicator
AG Pro Relative Volume Pressure Map [AGPro Series]AG Pro Relative Volume Pressure Map
Overview / What it does
AG Pro Relative Volume Pressure Map is designed to evaluate whether relative volume is translating into efficient bullish pressure, efficient bearish pressure, inefficient two-way absorption, or possible climax behavior.
Instead of treating relative volume as a standalone “high volume” condition, this script maps how that volume is interacting with candle structure, close location, wick behavior, and short-term pressure efficiency. The result is a rules-based pressure framework built to help organize active price-volume interaction directly on the chart.
This script is not built as a basic RVOL meter, a generic volume spike detector, or a standalone entry engine. Its purpose is to classify whether elevated relative volume is being accepted as directional pressure, being absorbed into unstable churn, or appearing late enough to justify caution.
The visual design is intentionally chart-facing. Pressure events, backdrop zones, memory trails, and the summary panel are meant to help traders read whether volume is supporting directional intent or fading into friction. It is a decision-support map, not a prediction model.
Unique Edge
The main difference of this script is simple:
It does not ask only whether volume is above average.
It asks whether above-average volume is producing usable directional pressure.
That distinction matters.
Many relative volume tools stop at “volume is elevated.” This script goes further and evaluates whether that elevated participation is accompanied by efficient body structure, strong close positioning, limited opposing wick pressure, and acceptable short-horizon follow-through context. In other words, it attempts to separate meaningful pressure from noisy activity.
This also makes the script materially different from several other AG Pro tools:
- It is not a Volume Profile framework. It does not map acceptance, rejection, POC interaction, or value-area structure.
- It is not a VWMA extension tool. It does not measure dislocation from a volume-weighted moving anchor.
- It is not a money-flow proxy. It does not attempt to infer broader accumulation or distribution from flow-style formulas.
- It is not a breakout-quality map. It does not judge level breaks, retests, or structural invalidation around support/resistance rails.
- It is not a trend regime meter. It focuses on active pressure quality around current bars rather than broad market-state classification.
Its niche inside the AG Pro lineup is more specific:
AG Pro Relative Volume Pressure Map focuses on whether current relative volume is being converted into directional pressure efficiently, inefficiently, or excessively.
Methodology
The script starts with relative volume. Current volume is compared against its recent average so the tool can determine whether participation is dry, normal, elevated, or extreme.
From there, the script evaluates how price is behaving inside the same bar:
- Body efficiency: how much of the total range is being expressed through the real body.
- Close location: whether the bar is closing with directional conviction or fading into the middle of its range.
- Opposing wick pressure: whether the active side is being challenged by rejection.
- Stretch versus ATR: whether the move is becoming extended relative to recent volatility.
- Optional one-bar follow-through filter: whether short-horizon continuation is present when pressure is classified.
These components are combined into a pressure logic model that classifies price-volume behavior into five chart states:
1. Bull Pressure
Elevated relative volume is aligned with an efficient bullish body, strong close placement, limited upper-wick resistance, and acceptable follow-through context.
2. Bear Pressure
Elevated relative volume is aligned with an efficient bearish body, strong close placement, limited lower-wick resistance, and acceptable follow-through context.
3. Absorption
Relative volume is elevated, but directional efficiency is weak, conflicted, or unstable. This often reflects churn, friction, or two-way participation where raw activity does not cleanly convert into directional pressure.
4. Climax Risk
Relative volume is extreme and the bar is stretched enough to justify caution. The script uses this state to identify situations where pressure may be arriving in a late or inefficient form rather than in a fresh, clean expansion phase.
5. Passive
No major pressure condition is active. Participation is comparatively dry, mixed, or below the threshold required for the more expressive states above.
States / Alerts
This script is organized around states rather than trade commands.
Available state logic includes:
- Bull Pressure
- Bear Pressure
- Absorption
- Climax Risk
- Pressure State Change
These alerts are intended to reflect changes in price-volume character, not guaranteed opportunity. They can be used as workflow events, review prompts, or contextual filters inside a broader chart process.
The panel summarizes the active environment through fields such as:
- RVOL state
- Current pressure state
- Pressure side
- Quality
- Strength
- Efficiency
- Absorption risk and short-horizon bias
The chart layer complements this with event labels, backdrop zones, and pressure memory trails so the user can see not only what state is active now, but how recent pressure has evolved across the visible structure.
Why this is different from the other AG Pro scripts
AG Pro Relative Volume Pressure Map was intentionally designed to avoid overlap with the existing AG Pro publication line.
Where some AG Pro tools are built around breakout structure, moving-average displacement, equilibrium logic, profile interaction, or directional survival around a specific technical framework, this script stays centered on one narrower question:
Is current relative volume producing efficient pressure, inefficient absorption, or late-stage risk?
That makes it different in both concept and use case.
For example:
- A breakout-quality tool is asking whether a level event is structurally convincing.
- A profile-based tool is asking whether price is accepting or rejecting volume-defined areas.
- A reclaim/dislocation tool is asking whether price is stretching away from or reclaiming a known reference.
- This script is asking whether participation itself is translating into directional pressure cleanly enough to matter.
So even when the chart user applies multiple AG Pro tools together, this one is not meant to duplicate them. It fills a different layer of analysis: active pressure efficiency around relative volume.
Key Inputs
Relative Volume Length
Controls the lookback used to normalize current volume versus its recent baseline.
ATR Length
Used for stretch evaluation and several visual placement rules.
Pressure Smoothing
Smooths the relative volume component to reduce one-bar noise.
Use 1-Bar Follow-Through Filter
Adds a simple continuation requirement so pressure states can be made more selective.
Elevated RVOL Threshold
Defines the point at which participation becomes meaningfully above normal.
Extreme RVOL Threshold
Defines the threshold used for more exceptional activity and climax-style conditions.
Minimum Body Efficiency
Controls how much real-body participation is required before a pressure bar is considered efficient.
Strong Close Location
Controls how strongly price must close toward the active side of the range.
Opposing Wick Ceiling
Limits how much opposing rejection can be present before directional pressure quality degrades.
Climax Stretch vs ATR
Controls how extended a bar must be, relative to ATR, before the script considers late-stage risk more seriously.
Visual controls are also included for panel visibility, panel theme, panel font size, label density, candle coloring, backdrop display, and pressure-trail presentation.
Limitations & Transparency
This script does not predict future direction.
It does not identify hidden order flow.
It does not classify fundamental volume intent.
It does not replace execution rules, risk management, or higher-timeframe context.
Relative volume can expand for many reasons, and elevated participation does not guarantee continuation. In the same way, absorption or climax-style behavior can persist longer than expected before price resolves clearly.
All state classifications in this tool are rules-based interpretations of chart behavior. They are useful as structured context, but they are still abstractions built from price and volume features. Users should expect false positives, missed events, and market-specific variation depending on volatility regime, instrument behavior, and timeframe selection.
This script should be treated as an analytical overlay. It is designed to improve chart organization and pressure reading, not to promise outcomes.
Risk Disclosure
This script is provided for educational and informational purposes only.
It is not financial advice, not investment advice, and not a solicitation to buy or sell any instrument.
Trading and investing involve risk. Losses can exceed expectations, especially in volatile markets. Any decision made using this script should be confirmed with independent analysis, sound risk controls, and a workflow appropriate to the user’s own objectives and experience.
This tool is best used as one layer inside a broader decision process, not as a standalone reason to enter, exit, or size a position.
Indicator
Indicator
AG Pro Correlation Breakdown Map [AGPro Series]AG Pro Correlation Breakdown Map
Overview / What it does
AG Pro Correlation Breakdown Map is an overlay indicator designed to monitor whether a chart symbol is maintaining, weakening, breaking, or repairing its relationship with a benchmark symbol.
The default benchmark in this version is Bitcoin via BINANCE:BTCUSDT, which makes the tool especially useful for crypto traders who want to understand whether an altcoin is still moving in line with BTC or beginning to decouple from it.
This script does not attempt to answer whether correlation is simply high or low in isolation. Its purpose is more specific: it first checks whether a meaningful benchmark relationship existed, then evaluates whether that relationship is starting to deteriorate, whether the deterioration is becoming a confirmed breakdown, and whether the relationship is later stabilizing again.
The result is a regime-style map that helps users read benchmark dependency through distinct states such as coupled, strained, breaking, broken, repairing, and recoupled. This makes the script useful for contextual analysis, benchmark-relative behavior studies, and chart review workflows where users want more than a single rolling-correlation number.
Unique Edge
The main difference of this script is that it is not a generic correlation line, not a spread-trading engine, and not a simple benchmark overlay.
Its focus is the structure of relationship failure.
Instead of only plotting short-term correlation, the script combines four layers:
1. prior relationship validation,
2. short-vs-long correlation deterioration,
3. independent price behavior,
4. persistence and repair logic.
That combination is what separates a temporary wobble from a more meaningful benchmark breakdown event.
This also makes the script distinct from tools that measure correlation pressure or synchronized stress. Correlation Breakdown Map is built around the question: “A relationship existed before, but is it now failing, and if so, how cleanly?”
Methodology
The script starts by selecting a benchmark series and transforming price data into returns. Users can choose between log returns and percent returns.
A short correlation window and a long correlation window are then calculated between the chart symbol and the benchmark. The long window is used to judge whether a stable benchmark relationship has existed, while the short window is used to detect more recent deterioration.
The model then evaluates the gap between long and short correlation, along with short-correlation slope behavior. A benchmark relationship is considered more vulnerable when the short window weakens materially relative to the long window and the short-correlation slope also softens.
To avoid treating every statistical wobble as a true event, the script also checks for independent price behavior. This layer measures whether the chart symbol is beginning to move in a way that is meaningfully different from the benchmark over a configurable lookback period.
Finally, persistence and repair conditions are applied. This allows the script to separate brief instability from a more durable breakdown state, and later identify whether the relationship is beginning to normalize again.
Signals & Alerts / States
This script is primarily a state-mapping tool rather than a directional buy/sell engine.
The core states are:
Coupled
The chart symbol remains meaningfully aligned with the benchmark relationship structure.
Strained
The prior relationship still exists, but weakness is starting to appear.
Breaking
The relationship is under active deterioration and may be transitioning into a more meaningful failure.
Broken
The chart symbol is behaving as if benchmark linkage has materially weakened.
Repairing
The breakdown is no longer cleanly expanding, and the relationship may be stabilizing.
Recoupled
The benchmark relationship has improved enough to suggest that the prior structure is functioning again.
The Breakdown Score is used as a compact summary value. It is not intended to be interpreted as a trade signal on its own. It is a regime-strength readout that helps users compare the current condition of the relationship with the underlying state labels.
Key Inputs
Benchmark Symbol
Sets the comparison symbol. The default is BINANCE:BTCUSDT.
Benchmark Timeframe
Allows users to keep the benchmark on chart timeframe or compare against another timeframe.
Source
Selects Close, HLC3, or OHLC4 for the benchmark study.
Short Correlation Length / Long Correlation Length
Define the fast and slow windows used to evaluate current deterioration versus prior relationship structure.
Stable Relationship Threshold
Controls how strong the historical relationship must be before the script treats later weakness as a true breakdown candidate.
Breakdown Threshold / Repair Threshold
Control how strict the transition logic is for deterioration and recovery.
Min Long/Short Correlation Gap
Requires a meaningful difference between longer-term and shorter-term correlation before escalation.
Independent Move Threshold
Defines how much benchmark-relative price independence is required before the script treats the event as more than a statistical fluctuation.
Breakdown Confirmation Bars / Repair Confirmation Bars
Control persistence and confirmation sensitivity.
Visual Settings
Users can customize theme, visual intensity, panel font size, panel position, event visibility, trail visibility, and chart context density.
Limitations & Transparency
Correlation is a descriptive relationship metric, not a causal model.
A relationship breakdown does not automatically imply immediate continuation, reversal, trend acceleration, or trade opportunity. It only means the chart symbol is no longer behaving as consistently relative to the selected benchmark under the current settings.
Different assets, timeframes, and volatility regimes can produce different correlation behavior. A benchmark relationship that looks stable on one timeframe may be much less stable on another.
Short lookbacks can react faster but may create more noise. Longer lookbacks can be more stable but slower to react.
This script should be interpreted in the context of market structure, volatility, liquidity, and the chosen benchmark. It is a framework for reading relationship quality, not a guarantee engine.
Risk Disclosure
This indicator is for analytical and educational use.
It does not provide financial advice, does not predict future price direction, and should not be used in isolation for trading decisions. Users should perform their own analysis, validate settings on the markets they follow, and apply appropriate risk management. Indicator
AG Pro Relative Strength Rotation Map [AGPro Series]AG Pro Relative Strength Rotation Map
OVERVIEW / WHAT IT DOES
AG Pro Relative Strength Rotation Map is a relative leadership framework designed to evaluate how the active symbol is behaving versus a user-defined reference symbol. Instead of focusing only on absolute price movement, this script studies whether the active market is strengthening, weakening, stabilizing, or rotating relative to its benchmark.
The script builds a smoothed relative-strength backbone, measures rotation pressure through fast-versus-slow internal comparison, and classifies the current environment into clear structural states. The goal is not to predict future price, but to help the user read whether relative leadership is improving, fading, or losing quality.
This makes the script useful when the question is not simply “is price going up or down?” but rather:
- Is this symbol outperforming or underperforming a chosen benchmark?
- Is leadership gaining traction or fading?
- Is the current rotation constructive, weak, or at risk of deterioration?
Because of that, the script can be used across multiple workflows, including:
- crypto asset vs BTC or another reference asset
- stock vs index benchmark
- sector ETF vs broader market ETF
- instrument vs instrument relative comparison
UNIQUE EDGE
This script is not a simple ratio line, not a screener, and not a classic momentum oscillator.
Its main distinction is that it separates relative-strength behavior into a structured rotation model built from:
- relative-strength bias
- rotation pressure
- persistence
- state transitions
In other words, it does not stop at showing whether one asset is stronger than another. It also attempts to show whether that leadership is building, stable, fading, or structurally vulnerable.
Compared with many standard relative-strength tools, this script is designed to be more state-driven and map-oriented rather than just line-oriented.
Compared with other AG Pro scripts, this one addresses a different problem set:
- it does not grade breakout quality
- it does not analyze reclaim behavior around a single moving average or level
- it does not map exhaustion or pressure inside one symbol in isolation
- it does not classify broad market regime
- it does not function as a multi-symbol screener
Instead, it focuses on one specific task:
reading relative leadership rotation between the active chart and a chosen benchmark.
That makes it structurally different from the rest of the AG Pro catalog and useful as a complementary layer rather than an overlapping one.
METHODOLOGY
The script starts by building a relative-strength ratio between the active symbol and the selected reference symbol. That ratio is then normalized around its own baseline and smoothed into an RS backbone so that the user can observe directional leadership more clearly.
A rotation-pressure engine is then derived from the relationship between faster and slower internal measures of that backbone. This helps estimate whether relative movement is gaining traction, losing traction, or transitioning.
A persistence component is also included so short-lived fluctuations are not treated the same way as more durable relative-strength behavior.
Using those building blocks, the script classifies market structure into states such as:
- Leadership Rising
- Leadership Stable
- Rotation Building
- Leadership Fading
- Breakdown Risk
- Neutral / Mixed
This is intended as a decision-support framework for context reading, not a standalone execution model.
SIGNALS & ALERTS
The script can mark structural events such as:
- Leadership Reclaim
- Rotation Build
- Leadership Fade
- Breakdown Risk Rising
- State Changed
These events are derived from the internal relative-strength and rotation conditions of the model. They are intended to help the user notice structural changes in leadership behavior, not to serve as guaranteed entry or exit instructions.
KEY INPUTS
Important controls include:
- Reference Symbol
- Timeframe source selection
- RS Baseline Length
- Backbone Smoothing
- Pressure Fast Length
- Pressure Slow Length
- Threshold Length
- Persistence Length
- Signal Sensitivity
- Zone visibility
- Histogram visibility
- Event label visibility
- Panel position and style controls
These inputs allow the user to adapt the script to different symbols, volatility profiles, and chart-reading preferences.
LIMITATIONS & TRANSPARENCY
This script does not measure intrinsic value, fundamentals, liquidity quality, or macro context. It only evaluates relative-strength behavior through its own internal model.
Like any state-based framework, it can produce transitions that later reverse, especially in noisy or low-conviction market conditions. Relative-strength leadership can also change quickly when the benchmark itself becomes unstable or when both assets move in the same direction with changing intensity.
This script should therefore be used as a contextual and comparative tool, not as a promise of continuation, reversal, or future performance.
It is also important to understand what this script is not:
- not a prediction engine
- not a full portfolio allocator
- not a complete trading system
- not a substitute for confirmation, risk management, or broader market context
RISK DISCLOSURE
This script is for chart analysis and research support only. It does not provide financial, investment, legal, or tax advice. Markets involve risk, and no indicator can guarantee performance or prevent loss. Decisions involving real capital should be made only with appropriate risk controls and independent judgment.
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
Relative Strength Beta-AdjustedBETA-ADJUSTED RELATIVE STRENGTH INDICATOR
This indicator removes broad market influence from a stock's returns to reveal its true, standalone performance over time.
WHAT IT TRACKS:
• Idiosyncratic Return (True RS): The portion of a stock's daily return that cannot be explained by its Beta exposure to the benchmark.
• Cumulative RS Line: A running total of these residual returns, starting at 100, showing the stock's pure alpha trend.
HOW IT WORKS:
The indicator calculates a rolling Beta between your chart symbol and a benchmark (default: SPY), then computes the "expected return" — what the stock should have done based on market movement alone. The difference between the actual return and expected return is the idiosyncratic return. These residuals are accumulated bar by bar into a cumulative line, with a moving average overlay (EMA or SMA).
When the RS line is above the MA, the area fills to indicate positive alpha momentum. When below, the fill shifts to signal deteriorating stock-specific strength.
SETTINGS:
• Benchmark Symbol: Index or ETF to measure against (default: SPY)
• Beta Length: Rolling window for Beta calculation (default: 60)
• MA Type: EMA or SMA (default: EMA)
• MA Length: Smoothing period for the moving average (default: 21)
• Colors: Fully customizable RS line, MA line, and fill colors
USAGE:
Use this to separate genuine stock performance from market noise. A rising line means the stock is generating real alpha. A falling line means it is underperforming what its market sensitivity alone would predict.
The MA crossover helps identify shifts in alpha momentum:
• RS above MA: Stock-specific strength is trending positive — favorable for long positions
• RS below MA: Stock-specific strength is fading — exercise caution or look elsewhere
• Rising line in a falling market: Stock is holding up on its own merits despite broad weakness
• Falling line in a rising market: Stock is being masked by market tailwinds — underlying weakness present
Other potential uses to explore:
• Stock picking: Find stocks generating genuine alpha versus those simply riding a bull market
• Rotation signals: Spot turning points in true relative strength before they show on the price chart
• Sector comparison: Apply to sector ETFs to identify fundamental leaders versus laggers
• Risk management: Reduce exposure when the RS line rolls over, even if price looks stable
• Pair analysis: Compare RS lines across related stocks to find the strongest name in a group
• Other Markets: Such as Crypto Markets set Bitcoin as the benchmark and any altcoin as the chart symbol to measure true relative performance against BTC — useful for identifying altcoins generating genuine strength versus those simply following Bitcoin's momentum
Experiment with different Beta lengths and MA settings to match your trading timeframe and style.
If you discover effective ways to use this indicator, please share in the comments below — your insights could help other traders! Indicator
Quantum Relative Performance Oscillator [Pineify]Quantum Relative Performance Oscillator
A sophisticated relative strength indicator that normalizes performance metrics to identify true momentum shifts between an asset and its benchmark.
The Quantum Relative Performance Oscillator (RPO) is an advanced technical indicator designed to measure and visualize how a specific asset performs relative to a benchmark index. Unlike traditional relative strength indicators that can drift over time, this indicator normalizes the RS ratio to center around zero, providing traders with a clearer, more accurate picture of momentum shifts.
The Quantum RPO addresses a fundamental limitation in traditional relative strength analysis. While standard RS indicators show whether an asset is outperforming or underperforming a benchmark, they don't easily reveal when that outperformance is accelerating or decelerating. This indicator solves that problem by normalizing the relative strength ratio and applying weighted moving average smoothing to create clear, actionable trading signals.
Key Features
Normalized RS Calculation: Centers the relative strength ratio around zero, eliminating long-term drift and making it easier to identify current momentum trends
Weighted Moving Average (WMA) Processing: Uses WMA instead of simple moving averages for more responsive calculations that give greater weight to recent price action
Dynamic Color Histogram: Visual representation of momentum acceleration and deceleration with intelligent color coding
Crossover Signals: Clear bullish and bearish momentum shift indicators when the RS Ratio crosses above or below the signal line
Customizable Benchmark: Compare any asset against a user-selected benchmark symbol (default: SPY)
Adjustable Parameters: Configurable lookback length and signal smoothing for different timeframes and trading styles
Built-in Alerts: Automated notifications for momentum shift events
How It Works
The indicator fetches closing prices for both the current asset and the user-defined benchmark symbol
It calculates the raw Relative Strength (RS) by dividing the asset's close price by the benchmark's close price
A Weighted Moving Average (WMA) is applied to the RS to establish a baseline equilibrium level
The RS Ratio is calculated as: (RS / WMA) * 100 - 100, which normalizes the value around zero
A Signal Line is created by applying additional WMA smoothing to the RS Ratio
The histogram (Performance Delta) shows the difference between the RS Ratio and Signal Line, indicating momentum strength
Trading Ideas and Insights
Momentum Confirmation: Use the RS Ratio crossing above zero as confirmation that an asset is gaining relative strength against its benchmark
Trend Reversal Signals: Watch for bullish crossovers (RS Ratio crossing above Signal Line) to identify potential trend reversals
Relative Strength Screening: Compare multiple assets using the same benchmark to identify the strongest performers in a sector
Divergence Detection: Look for situations where price makes new highs but the RS Ratio fails to confirm, indicating weakening relative momentum
Sector Rotation: Use different benchmarks (sector ETFs) to identify rotation between sectors
How Multiple Indicators Work Together
This indicator combines three separate but complementary calculations to create a comprehensive relative strength tool:
The raw RS calculation provides the fundamental comparison between asset and benchmark performance
The WMA normalization removes drift and creates a centered oscillator that oscillates around zero
The signal line smoothing filters out noise and provides clear crossover points for trading signals
The histogram visualization combines both elements to show the magnitude and direction of momentum in one clear display
Unique Aspects
Unlike traditional RS indicators that can drift indefinitely higher or lower over time, the Quantum RPO's normalized calculation ensures the oscillator remains centered, making it easier to identify overbought and oversold conditions in relative terms
The dynamic color histogram provides intuitive visual feedback about whether momentum is accelerating or decelerating, helping traders avoid false signals
The use of Weighted Moving Averages rather than simple moving averages provides more responsive calculations that adapt faster to changing market conditions
The built-in alert system allows traders to receive notifications automatically when momentum shifts occur, without needing to constantly monitor the chart
How to Use
Apply the indicator to any asset's chart
Select your preferred benchmark symbol in the settings (SPY for US stocks, BTCUSD for crypto, etc.)
Interpret the RS Ratio: Positive values indicate outperformance, negative values indicate underperformance
Use the Signal Line crossovers for entry signals: Buy when RS Ratio crosses above Signal Line, Sell when it crosses below
Monitor the histogram for momentum confirmation: Green columns rising indicate strengthening bullish momentum, red columns falling indicate strengthening bearish momentum
Set up alerts for bullish and bearish momentum shifts to receive notifications
Customization
Benchmark Symbol: Change the comparison asset (SPY, QQQ, BTCUSD, etc.)
Lookback Length: Adjust the period for WMA calculations (default: 20). Higher values produce smoother results with more lag; lower values are more responsive but may generate more false signals
Signal Length: Modify the smoothing period for the signal line (default: 9)
Color Customization: Customize the bullish (outperforming) and bearish (underperforming) colors to match your preferences
These parameters can be adjusted to suit different trading timeframes, from intraday scalping to long-term position trading
The Quantum Relative Performance Oscillator is a powerful tool for traders who want to understand not just whether an asset is outperforming its benchmark, but whether that outperformance is accelerating or losing steam. By normalizing the relative strength calculation and providing clear visual and alert-based signals, it helps traders make more informed decisions about entries, exits, and asset allocation across different markets and timeframes.
Indicator
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
RS Score (1-100) vs NQ/ES/YM - TP# RS Score (1–100) vs NQ/ES/YM — How to Use & Interpret
## What this indicator is doing
It gives you a **single score from 1 to 100** that tells you whether a stock is acting like a **leader** or a **laggard** compared to the **overall U.S. market** (Nasdaq + S&P + Dow), using about **1 year of data**.
---
## The core idea: “Is this stock beating the market?”
This script compares your stock to a blended benchmark of:
* **Nasdaq futures (NQ)**
* **S&P futures (ES)**
* **Dow futures (YM)**
### Why that matters
A stock can be going up, but if the market is going up faster, the stock is **not a leader**.
This tool answers:
* “Is this stock outperforming the big market?”
* “Is it doing it consistently, or is it just wild and noisy?”
---
## What the 1–100 score means
Think of **50** as the “middle line.”
### The most important rule
* **Above 50 = outperforming the market blend**
* **Below 50 = underperforming**
* **Around 50 = roughly market-like**
### Easy interpretation bands
* **80–100 (Strong Leader):** stock is outperforming the market clearly and consistently
* **60–80 (Healthy):** generally outperforming, decent leadership
* **45–60 (Neutral-ish):** not special, close to market performance
* **30–45 (Weak):** lagging the market
* **1–30 (Very Weak):** strong underperformance
**Think “leaders live above 50,” and “real leaders tend to stay 70+.”**
---
## Why this score is “smarter” than just comparing returns
This script doesn’t just ask *“did it outperform?”*
It also asks *“did it outperform in a clean, steady way?”*
So it penalizes:
* choppy, unstable performance
* “one lucky spike” moves
That’s why it’s great for finding **higher-quality leadership**.
---
## Timeframe consistency: why it works on Daily, Weekly, Monthly
You added **Lock to last completed Daily bar**.
That means:
* it uses the **same daily reference point** no matter what chart timeframe you switch to
* your RS score won’t “walk around” just because the current day/week/month is still forming
**Practical meaning:**
If your score says 72, it should be 72 whether you’re looking at Daily, Weekly, or Monthly (as of the last completed day).
---
## The “RS New High” marker (NH) — what it’s telling you
The marker shows when your RS score hits a **new high** over your chosen lookback period (default ~252 trading days).
### In plain terms:
> “This stock is now showing its strongest relative performance vs the market (in about a year).”
### Why it’s powerful
A lot of the best leaders:
* show RS new highs **before** price breaks out
* or show RS new highs **during** breakouts
**So NH is a “leadership confirmation” signal.**
### How to use NH in real life
* **Best case:** RS hits a new high **while price is near breakout levels**
→ this often means institutions are accumulating and the stock is acting like a leader
* **Okay case:** price makes new highs but RS does not
→ stock is rising, but it’s not leading (could still work, but less attractive)
---
## Divergences: when RS and price disagree
This is one of the most useful ways to use RS.
### Bearish divergence (warning)
**Price makes a higher high, but RS makes a lower high.**
In simple terms:
> “The stock is still going up, but it’s losing leadership versus the market.”
This often shows up before:
* pullbacks
* breakout failures
* trend weakening
* rotation into stronger names
**It’s a caution sign, not an automatic sell.**
### Bullish divergence (early strength)
**Price makes a lower low, but RS makes a higher low.**
In simple terms:
> “The stock is holding up better than the market — strength is building underneath.”
This can happen before:
* reversals
* strong bounce setups
* early leadership emergence
---
## How to use this indicator in a simple trading workflow
### 1) Screening (finding leaders)
When scanning charts:
* Prefer stocks **above 50**
* Strong candidates are typically **70+**
* Bonus points if you see **NH markers** recently
**Quick rule:**
If RS < 50, it’s usually not worth your time unless you’re hunting deep value turnarounds.
---
### 2) Breakouts (confirming quality)
When a stock is near a breakout point:
* You want RS to be **rising**
* Ideally RS is near highs or prints **NH**
If price breaks out but RS is weak:
* it’s more likely to be a “meh breakout”
* sometimes it works, but it’s less “leader-like”
---
### 3) Managing positions (leadership health check)
If you’re already holding:
* RS staying high and rising = healthy leadership
* RS rolling over while price still rises = **possible early warning**
* RS plunging under 50 = the stock is now **lagging the market** (big red flag)
---
## Common “mistakes” and how to avoid them
### Mistake 1: Thinking RS > 50 means “guaranteed winner”
No — it means it’s acting **stronger than the market**, but price action still matters.
Use it with:
* trend structure
* volume/accumulation
* breakout levels
### Mistake 2: Overreacting to one divergence
One divergence is a warning.
You want confirmation like:
* failed breakout
* heavy sell volume
* loss of key moving averages
* repeated RS lower highs
### Mistake 3: Comparing RS values across totally different markets without context
RS works best when:
* comparing stocks within the same broad market environment
* keeping the same benchmark blend and same lookback
---
## Simple cheat sheet
* **RS > 50:** outperforming market (good)
* **RS 70–100:** leader zone
* **NH marker:** strongest relative strength in lookback window (leadership confirmation)
* **Price HH + RS LH:** bearish divergence (leadership weakening)
* **Price LL + RS HL:** bullish divergence (strength building)
Thank you!
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
Minervini Ultimate +VCPMinervini Ultimate Suite (SEPA Dashboard)
This indicator implements Mark Minervini's "Trend Template" criteria combined with a Volatility Contraction Pattern (VCP) detector and a custom Relative Strength rating. It is designed to help traders visualize the technical health of a stock based on stage analysis concepts.
This indicator serves as a complete Control System (Dashboard) for Mark Minervini's SEPA trading strategy. Instead of manually checking five different metrics on every chart, this indicator performs the mathematical calculations and presents the "bottom line" in a single, organized table.
1. What This Indicator Does
The goal is to ensure you never enter a trade blindly. It verifies the stock against Minervini's strict requirements:
Trend: Is the stock in a healthy Stage 2 Uptrend?
Relative Strength: Is it stronger than the general market?
Buy Risk: Is it the right time to buy, or is the price extended?
Pressure: Are institutions accumulating or distributing?
VCP: Is there a breakout opportunity (volatility contraction) right now?
2. Key Benefits
Time-Saving: Instead of drawing lines and calculating percentages manually, you get immediate visual feedback (Green/Red).
Discipline: The indicator will flag "Extended" (Red) if you attempt to buy a stock that has run up too much, saving you from late entries and unnecessary losses.
Precision Timing: The VCP feature (Blue Dots) helps you identify the "calm before the storm"—the exact moment volatility contracts, which often precedes a major breakout.
3. Indicator Parameters & Features
A. Minervini Pressure (Buying vs. Selling)
What it checks: Money flow over the last 20 days.
Calculation: Sums up volume on "Up Days" (Green) versus volume on "Down Days" (Red).
Meaning:
🟢 Buying: More money is entering than leaving. A sign of institutional accumulation.
🔴 Selling: Selling pressure dominates. The price may be rising, but without strong volume backing.
B. Buy Risk (Price Extension)
What it checks: The distance of the current price from the 50-Day Moving Average. Minervini strictly warns against "chasing" stocks.
Signals:
🟢 Low Risk: Price is within 0% – 15% of the 50MA. This is the ideal "Buy Zone".
🟡 Caution: Price is 15% – 25% away. Buy with increased caution.
🔴 Extended: Price is >25% from the MA. Do not buy. The probability of a pullback is high.
⚪ Broken: Price is below the 50MA. The short-term trend is damaged.
C. TPR - Trend Template (Trend Power Rating)
What it checks: Is the stock in a Stage 2 Uptrend?
Strict Rules (All must be true for a PASS):
Price > 50MA > 150MA > 200MA.
The 200MA is trending UP (positive slope).
Price is near the 52-Week High (within 25%).
Price is above the 52-Week Low (at least 25%).
Meaning:
🟢 PASSED: Technically healthy and ready to move.
🔴 FAILED: The trend structure is broken (e.g., MAs are entangled).
D. RPR Score (Relative Performance Rating)
What it checks: How strong the stock is compared to the general market (S&P 500 / SPY).
Calculation: Weighted performance over 3, 6, 9, and 12 months vs. the SPY. The score ranges from 1 to 99.
Meaning:
🟢 80-99: Market Leader. These are the stocks Minervini targets.
🟡 70-80: Good, but not elite.
⚪ Below 70: Laggard (weaker than the market).
E. VCP Action (Volatility Contraction Pattern)
What it checks: Monitors price tightness. It calculates the range between the highest close and lowest close over the last 5 days.
Meaning:
🔵 SQUEEZE (Blue Text + Blue Dot on Chart): The price range has contracted to less than 2.5%.
Why it matters: When a stock stops moving wildly and trades in a tight range ("Flat Line"), it indicates supply has dried up. A high-volume breakout often follows immediately. 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
