RSI Divergence ProRSI Divergence Pro
Forget the classic RSI bouncing between 0 and 100 where you're left squinting at charts trying to spot divergences yourself.
RSI centers everything on zero — positive means bullish, negative means bearish, done. No mental math wondering if 45 is "almost oversold." Overbought/oversold zones adapt dynamically to the market instead of sitting frozen at 30/70.
Three divergence types detected automatically: Regular (trend reversal), Hidden (trend continuation), and — this is what nobody else has — Momentum Divergences: price is still climbing, but RSI is quietly losing steam. The warning signal before the classic divergence even becomes visible.
Armed State is the real killer feature: the indicator detects when a divergence is building but hasn't fired yet — green/red dots show you in real time "heads up, something's brewing." You see the trade before it exists.
Everything controlled by a single strength filter: one slider, zero clutter. High = fewer signals that hit. Low = see everything. Your call.
Arrows on chart, lines in the oscillator, info table, alerts — all built in, all toggleable. 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
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RS Proxy Suite (Sector-Weighted) - by kuokkuokIndicator Description
RS Proxy Suite (Sector-Weighted) is a Pine Script indicator for PulseWire, designed for stock traders to calculate a stock's Relative Strength (RS) proxy score. This indicator simulates a market proxy universe by weighting multiple sector ETFs, evaluating a stock's strength relative to a benchmark like the SPX. Inspired by the M.E.T.S. (Multiple Edge Trading Strategy) system, it helps users identify market-leading stocks, potential breakout opportunities, and low-risk entry points.
Key Features and Benefits:
RS Proxy Rating (1–99 Score): Computes the stock's RS score (higher is stronger), aiding in screening super-strong stocks. A score above 80 indicates the stock outperforms most peers, making it a prime buy candidate.
RS Line and Blue Dot Divergence: Displays the RS line trend and marks RS-leading new high divergences. This acts like an "early warning light," signaling potential low-risk entries (e.g., when RS hits a new high but price hasn't caught up yet).
Sector-Weighted Design: Integrates Growth, Cyclical, Defensive, and Policy ETFs to simulate a comprehensive market environment. Weights are adjustable for flexibility across market phases.
Dashboard Display: A concise panel shows RS Rating, RS Trend, and Blue Dot status for quick decision-making.
Application Scenarios: Ideal for technical analysts to screen leaders, spot trend reversals, or confirm breakouts with VCP patterns (Volatility Contraction Patterns). Its strength lies in avoiding single-index bias for more stable RS assessments.
This indicator avoids subjective judgments, relying on quantitative momentum calculations to help traders "go with the flow" and reduce false breakout risks. Shared for community use—feedback welcome for improvements.
User Manual -
This manual guides you on installing and using the RS Proxy Suite (Sector-Weighted) indicator on PulseWire. It's suited for daily or weekly charts, applicable to US stocks or markets correlated with SPX. Ensure your PulseWire account supports Pine Script v6.
1. Installation Steps
Step 1: Log in to PulseWire and open the Chart page.
Step 2: Click the "Indicators" button in the top toolbar, search for "RS Proxy Suite (Sector-Weighted)" (or paste the Pine Script code into the Pine Editor and add it).
Step 3: If installing from the Community Scripts library, click "Add to Chart"; for custom code, save and add to the chart.
Step 4: The indicator will appear below the chart (overlay=false). Confirm no error messages.
2. Parameter Adjustment Guide
The indicator offers multiple input parameters in PulseWire's "Settings" panel. Defaults are optimized, but adjust based on market conditions. Here's a grouped breakdown:
Data Source:
Market Index SPX: Default "SP:SPX", changeable to other indices (e.g., "TVC:NDX").
Calculation Price: Default close (closing price), switch to high/low/open for sensitivity tweaks.
RS Momentum Periods (Adjustable):
Short Term (Default 63 days): Short-term momentum; larger values smooth it out.
Medium Term (Default 126 days): Mid-term momentum.
Long Term (Default 252 days): Long-term momentum for capturing major trends.
Momentum Weights:
Short Term Weight: Default 0.4, emphasizes recent performance.
Medium Term Weight: Default 0.2.
Long Term Weight: Default 0.4. Sum doesn't need to be 1; system normalizes automatically.
Sector Weights: Each ETF weight is independently adjustable (step 0.1). Defaults reflect sector importance, e.g., higher for growth ETFs.
XLK Weight (Technology): Default 1.5.
SOXX Weight (Semiconductors): Default 1.3.
XLY Weight (Consumer Discretionary): Default 1.2.
XLC Weight (Communication Services): Default 1.1.
XLG Weight (Large Cap Growth): Default 1.3.
XLI Weight (Industrials): Default 1.0.
XLF Weight (Financials): Default 1.0.
XLB Weight (Materials): Default 0.9.
XLE Weight (Energy): Default 0.9.
XLV Weight (Health Care): Default 0.8.
XLP Weight (Consumer Staples): Default 0.8.
XLU Weight (Utilities): Default 0.7.
XLRE Weight (Real Estate): Default 0.7.
PPA Weight (Aerospace & Defense): Default 0.9.
Adjustment Tips: Boost XLK/SOXX for tech-favorable markets; increase XLV/XLP for defensive phases.
Visualization Settings:
Show RS Line: Displays RS line (black) and 50-day MA (gray).
Show Blue Dot Divergence (Blue Dot): Marks divergence signals.
Show Dashboard: Enables the dashboard.
Dashboard Position: Choose locations like "Bottom Right".
3. Output Interpretation
RS Line: Black line shows stock strength vs. SPX; upward trend means outperforming. Gray line is 50-day MA—breaking above signals strength.
Blue Dot: Blue circle appears for RS leading price new highs (like a "coiled spring"), indicating potential low-risk entries. Confirm with: RS > 50-day MA and volume surge.
Dashboard:
RS Rating: Score 1–99; green (>80) for strong, yellow (50–80) neutral, red (<50) weak.
RS Trend: Green "Strong" or red "Weak".
Blue Dot: Blue "Present" or red "None".
Interpretation Analogy: RS Rating is like a stock's "health score"—above 80 is an "athlete" worth tracking for breakouts; Blue Dot is a "green light," but pair with volume to confirm true breakouts (avoid fakes).
4. Usage Examples
Screening Leaders: Add to AAPL chart—if RS Rating > 85 and Blue Dot appears, check if price nears VCP pivot; this is a low-risk buy setup.
Trend Judgment: Rising RS line with M.E.T.S. Stage 2 (uptrend) confirms trend-following trades.
Weight Tweaks: For defensive markets, raise XLV/XLU weights and recalculate RS Proxy.
5. Common Issues and Warnings
Q: Indicator not showing? A: Verify ETF symbols (e.g., AMEX:XLK) or switch timeframes.
Q: Inaccurate scores? A: Adjust periods/weights and backtest on historical data.
Q: Avoiding false breakouts? A: Combine with volume and support/resistance; Blue Dot is a alert, not a buy signal.
Warnings: Based on historical data; markets are volatile—use with other tools. Results are for reference only, not investment advice. Test in a demo account. Indicator
ChillLax Relative Strength Line with NewHigh NewLow Blue DotThis is similar to the IBD MarketSurge (MarketSmith) Blue Dot:
This plots the Relative Strength line vs. an index (default index is SPX), with a Dot when the RS line is hitting a New High.
If the RS hits a New High over the past X bars (default is 50), it shows a Light Blue (user definable) Dot on the RS line, if RS hits New High before the instrument hits New High, it shows a bigger/darker Blue Dot. Reverse for New Lows (orange for RS NL, Red for RS NL before Price NL)
This Dot is similar to the IBD Marketsurge RS New High Blue Dot, this indicator shows all the previous dots (MarketSurge shows only the last one). This on, unlike IBD, also shows RS New Lows. This one distinguishes RS NH before Price NH, and RS NL before Price NL. Lastly, IBD's lookback period is 52 week, here it is default to 50 days, but it is changeable.
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Relative Strength Price Oscillator Indicator (RS PPO)Percentage Price Oscillator (PPO)
The Percentage Price Oscillator (PPO) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. As with its cousin, MACD, the Percentage Price Oscillator is shown with a signal line, a histogram and a centerline. Signals are generated with signal line crossovers, centerline crossovers, and divergences.
PPO readings are not subject to the price level of the security and the PPO values for different securities can be compared, regardless of the price of the security.
Relative Strength (RS)
Relative strength is a strategy used in momentum investing and focuses on investing in stocks or other securities that have performed well relative to the market as a whole or to a relevant benchmark.
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In the chart, Microsoft stock (MSFT) is plotted against the VanEck Semiconductor ETF (SMH).
In the example on the left, from the negative values of the RS PPO it can be seen that MSFT, although trending upward, is losing out in negative terms to the SMH etf.
In the example on the right, during a correction phase with a downward price trend, Microsoft held up relatively well compared to the Van Eck Semiconductor etf. Indicator
Relative Strength (Volatility Adjusted)The volatility adjusted relative strength indicator offers a more precise approach to traditional RS indicators by incorporating volatility adjustments into its calculations. This will provide traders with a more nuanced view of relative performance between a selected instrument and a comparison index.
Identifying Relative Strength (RS) and Weakness (RW) against a benchmark like the SPY is crucial for traders, as it highlights institutional activity in an equity, which retail traders rarely achieve on their own. However, the traditional method of simply comparing the rate of change of a stock to the rate of change for the SPY can be flawed. This method often fails to account for the inherent volatility of each stock, leading to misleading RS/RW readings.
Consider two stocks that both move in response to SPY's movements. If SPY moves significantly more than its average (measured by its ATR), and the stock does the same, traditional RS calculations might show strength when, in fact, the stock is just mirroring SPY's increased volatility. For instance, if SPY typically moves $0.25 an hour but suddenly moves $1, and a stock typically moves $0.50 but moves $2, the stock's apparent RS might be overstated, when in reality there is no relative strength for the stock.
By adjusting for volatility using the ATR (Average True Range), we normalize these movements and get a clearer picture of true RS/RW. For example, if SPY moves 5 times its average rate and a stock moves the same multiple of its own ATR, the RS should be considered neutral rather than strong. Similarly if a stock in absolute terms moves $1 while the SPY also moves $1 but the stock usually moves at twice the rate of the SPY, the stock should be considered relatively weak - not neutral.
Usage
Use this to identify stocks with actual strength or weakness compared to the market.
When the RS line is above 0 and above the moving average it indicates a stock with relative strength that is still gaining more strength.
When the RS line is above 0 but above the moving average it indicates a stock with relative strength that is currently losing strength.
When the RS line is below 0 and below the moving average it indicates a stock with relative weakness that is still losing strength.
When the RS line is below 0 but above the moving average it indicates a stock with relative weakness that is starting to gain back some strength.
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RedK Relative Strength Ribbon: RS Ribbon and RS ChartsRedK Relative Strength Ribbon (RedK RS_Ribbon) is TA tool that plots the Relative Strength of the current chart symbol against another symbol, or an index of choice. It enables us to see when a stock is gaining strength (or weakness) relative to (an index that represents) the market, and when it hits new highs or lows of that relative strength, which may lead to better trading decisions.
I searched TV for existing RS indicators but didn't find what I really wanted, so I put this together and added some additional features for my own use. It started as a simple RS line with new x-weeks Hi/Lo markers, then evolved into what you see here in v1.0 with the ability to plot a full RS chart in regular or HA candle types. Hope this will be useful to some other growth traders here on TV.
What is Relative Strength (RS)
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(RS is a comprehensive concept in TA, below is a quick summary - please research further if it's not already a familiar topic)
Relative Strength (RS) is a technical concept / indicator used mainly by growth / swing / momentum traders to compare the performance of one security or asset against another. RS measures the price performance of a specific security relative to a benchmark, such as an index or another asset. It's not to be confused with the famous Relative Strength Index (RSI) technical indicator
For example, In the context of comparing a stock's relative strength to the SPY (S&P 500) index, the relative strength calculation involves dividing the stock's price or price-related value (e.g., close price) by the corresponding value of the SPY index. The resulting ratio (and its trend over time) indicates the relative performance of the stock compared to the index.
Traders and investors use relative strength analysis to identify securities that have been showing relative strength or weakness compared to a benchmark, which can help in making investment decisions or identifying the "market leaders" and potential trading opportunities.
There are so many books and documentation about the RS concept and its importance to identify market leaders, especially when recovering from a bear market - if you're interested in the concept, please search more about it and review some of that literature. There's also a more detailed definition of Relative Strength in this article on Invstopedia
RedK RS_Ribbon features and options
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The indicator settings provide many options and features - see the settings box below
- Change / choose base symbol
The default is to use SPY as the base symbol - so we're comparing the chart's symbol to a proxy of the S&P 500 - Some traders may prefer to use the QQQ - or other index or ETF that acts as a proxy for the industry / sector / market they are trading
- RS Calculation / RS line
we use the simple form of the RS calculation,
RS = closing price of current chart symbol / closing price of the base symbol (default is SPY) * 100
some RS documentation will use the Rate of Change (RoC) - but that's not what we're using here.
- The RS_Ribbon
* Once the RS line is plotted, it made sense to add couple of moving averages to it, to make it easier to observe the trend of the RS and the changes in that trend as you can see in the sample chart on top.
* The RS_Ribbon is made up of a fast and slow moving averages and will change color (green / red) based on detected trend RS direction - the 2 MA types and lengths can be changed until you get the setup that provides the best view for you of the RS trend over time. My preferred settings are used as defaults here.
- Identifying New (x)Week Hi/Lo RS Values
* Most traders would be interested when the calculated RS hits a new 52-week high or low value.
* There are cases where we may want to see when a new RS Hi/Lo has been hit for a different period - for example, a quarter (13 weeks)
* the number of weeks can be changed as well as adjusting the numbers of trading days per week (if needed for certain symbols/exchanges)
- Working with Different Timeframes
* Now these "markers" will only be available in the daily and weekly timeframes and there is a good reason for that, it's not the fact that i'm lazy :) and that enabling this in timeframes lower than 1D would have been some heavy lifting, but the reality is that with RS, we're really interested if a "day's close" hits a new RS high or low value against the moving window of x weeks (and the weeks close also) - if you think of this more, at lower TF, RS can hit a lower value that never end up registering on the daily closing and that causes a lot of visual confusion. So i took the "cleaner way out" of that issue.
* note that you can choose a different timeframe for the RS_Ribbon than the chart - if you do, please make sure the chart is at a lower timeframe than the indicator's - (and in that case remember to hide the candles because they won't make much sense)
i wanted to leverage TV's built-in multi-Timeframe (MTF) support with the caveat that using the indicator at lower TF with a chart at a higher TF (example chart at 1Wk and indicator at 1D) will show inaccurate results. If this sounds confusing, keep the indicator TF same as the chart.
the example here shows a 2-Hr chart against 1D RS_Ribbon
- Using RS Charts and RS Candles
* Beside the ability to plot the RS "closing" value with the RS line, the indicator provides the ability to show a "full" RS Chart with candles that represent the relative values of open, high, low. and close against the base symbol.
* the RS Charts can be used for regular chart analysis, for example, we can identify common chart patterns like Cup & Handle, VCP, Head & Shoulder..etc using these charts .. which can provide some edge over the price charts
* for the Heikin Ashi fans, I added the ability to choose classic or HA candles for the chart. note you have to enable the option to show the RS candles first before you choose the option to switch to HA.
The chart below shows a side-by-side comparison on the 2 RS chart types
Closing remarks
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* RS is a good way to identify market/sector leaders (who will usually recover from a bear market before others) - and enable us to see the strength that comes from the broader makrket versus the one that comes from the stock's own performance and identify good trading opportunities
* I'll continue to update this work and alerts will come in next version - but wanted to check initial reaction and value
* as usual, if you decide to use this in your chart analysis, it's necessary to combine with other momentum, trend, ...etc indicators and do not make trading decision only based on the signales from a single indicator Indicator
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Quad RSRelative Strength (RS) is an Indicator which measures a Stock's performance as compared to a Benchmark Index or another Stock.
For example: RS will tell you whether “A” is increasing more or less than “B” in any market condition. It is one of the tools which is best suited for Momentum Investing.
How RS can be used as a Momentum Indicator:
RS is used in identifying both the strongest and the weakest stock, or any asset class, within the market. Usually, the stocks which display strong or weak RS over a given time period tend to continue to move in the same direction.
How to calculate Relative Strength:
Divide change of "A" over some time period by the change of a particular index/stock "B" over the same time period.
This indicator oscillates around zero. If the value is greater than zero, "A" has been relatively strong compared to "B", during the selected period; if the value is less than zero, "A" has been relatively weak.
Configuration & Default settings:
The Relative symbol can be Input, default is Nifty50.
Time frame can be set, I recommend setting to Day. Default time frame is set to same as chart.
Four different periods can be set. Default values are 500, 250, 125 & 63. If time frame is set as 'Day', these numbers correspond to 2 years, 1 year, 1/2 year & 1 quarter.
Example chart: NiftyMidCap100 with Quad RS indicator with Nifty50 used as Relative Symbol, Four periods: 500, 250, 125 & 63
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