Momentum Divergence Oscillator by JJMomentum Divergence Oscillator by JJ
A powerful, all-in-one momentum tool designed to streamline trade confluence, combining multi-timeframe trend analysis with automatic divergence spotting and classic MACD signals.
How to Use This Indicator
This oscillator is designed to be used in the lower pane of your chart, beneath your primary price chart. It provides three main types of signals:
1. Multi-Timeframe (MTF) Trend Confirmation
The background shading is your primary trend filter. It looks at the MACD trend on two higher timeframes (30m and 60m by default) to confirm the market's overarching direction.
Green Shading: Indicates that both higher timeframes are in a bullish trend (MACD above signal line). Focus on looking for BUY signals during this time.
Red Shading: Indicates that both higher timeframes are in a bearish trend. Focus on looking for SELL signals during this time.
Grey/No Shading: The higher timeframes are not in agreement or are consolidating. Exercise caution or stick to standard price action rules.
2. Automatic Divergence Signals
Divergence is a powerful early warning system where the indicator moves in the opposite direction of the price. The indicator automatically flags these occurrences:
"Bull RSI Div" (Green Label-Up): Bullish divergence identified using the RSI oscillator. This suggests a potential reversal to the upside after a downtrend.
"Bear RSI Div" (Red Label-Down): Bearish divergence identified using the RSI oscillator. This suggests a potential reversal to the downside after an uptrend.
Tip: These signals are often most reliable when they occur within the corresponding MTF background colour (e.g., a "Bull RSI Div" during a Green MTF background).
3. Momentum Shifts and Crossovers
The standard plots provide immediate insight into market momentum:
Blue/Orange Lines: The traditional MACD line (Blue) and Signal line (Orange).
Histogram (Green/Red Bars): Represents the momentum difference between the MACD and Signal lines.
Zero-Line Crosses (Triangles): Tiny triangles appear when the MACD line crosses the zero line, indicating a shift in long-term momentum.
Peaks & Troughs (X-Crosses): The 'X' markers identify local peaks and troughs in the histogram, sometimes indicating short-term exhaustion of the current move.
Disclaimer: Trading involves significant risk and is not suitable for every investor. This indicator is for educational purposes only and should not be considered financial advice. Always use appropriate risk management.
Osciladores
RayAlgo Flux Velocity & Volume OscillatorThe RayAlgo Oscilator uses a three-step calculation process:
Volume-Weighted Momentum: It starts by calculating price momentum but weights the result by volume. If price moves strongly on low volume, the signal is dampened. If the move is supported by high volume, the signal is amplified. This filters out "fake" moves.
The Fisher Transform: This is the secret sauce. The Fisher Transform converts the volume-weighted data into a Gaussian Normal Distribution. This process forces the data to create sharp, well-defined peaks and valleys, clearly defining statistical extremes (tops and bottoms) that standard oscillators simply blur.
Hull Moving Average (HMA) Smoothing: The final signal is smoothed using the HMA. This provides the fast, liquid, wave-like motion you see, virtually eliminating lag without introducing choppiness.
Cjack COT IndexHere's the updated description with the formula and additional context:
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**Cjack COT Index - Commitment of Traders Positioning Indicator**
This indicator transforms raw Commitment of Traders (COT) data into normalized 0-100 index values, making it easy to identify extreme positioning across different trader categories.
**How It Works:**
The indicator calculates a min-max normalized index for three trader groups over your chosen lookback period (default 26 weeks):
- **Large Speculators** (Non-commercial positions) - typically trend followers
- **Small Speculators** (Non-reportable positions) - retail traders
- **Commercial Hedgers** - producers and consumers hedging business risk
The normalization formula is: **Index = (Current Position - Minimum Position) / (Maximum Position - Minimum Position) × 100**
This calculation shows where current net positioning sits between the minimum and maximum levels observed in the lookback window. A reading of 100 means current positioning equals the maximum net long over that period, 0 equals the minimum (most net short), and 50 is the midpoint of the range.
**Important:** The lookback period critically affects index readings - shorter lookbacks (13-26 weeks) make the index more sensitive to recent extremes, while longer lookbacks (52-78 weeks) provide broader historical context and identify truly exceptional positioning. Min-max normalization is essential because it makes positioning comparable across different contracts and time periods, regardless of the absolute size of positions.
**What It's Good For:**
The indicator excels at identifying **crowded trades** and potential reversals by tracking contrarian setups where commercials (smart money) position opposite to speculators. Background highlighting automatically flags:
- **Long setups** (green): Commercials heavily long while speculators are heavily short
- **Short setups** (red): Commercials heavily short while speculators are heavily long
The "Shift Index" option (enabled by default) displays last week's tradeable COT data aligned with current price action, ensuring you're working with actionable information since COT reports publish with a delay.
Works on weekly timeframes and below for commodities and futures with available COT data.
MACD FROM HELLthis is a double macd with 2 time frames macd 1 is chart macd 4 is 4X meaning the 1hr becomes the 4hr and it uses the histogram coloring for added detail ,, on top of that it has stochastic rsi Alerts set to trigger when k line goes above 99.9 or below 0.01 and exits ,, alert triggers on exit
Quant Master Z-Oscillator [Risk + Bias]his indicator is a statistically-driven oscillator designed to measure the extreme deviation of price from its recent mean, identifying both reversal risk and directional bias within the current trend. It reframes classic Z-Score analysis to provide a quantified framework for trade timing and risk assessment.
Core Philosophy
The primary goal is to determine the statistical probability of a mean-reversion event. By measuring how many standard deviations the current price is away from its simple moving average (the basis), the indicator identifies moments of maximum risk (Extremes) and optimal entry (Oversold/Overbought zones).
Key Components
Z-Score Calculation:
Measures the distance of the closing price from the Lookback Length Simple Moving Average (SMA), normalized by the Standard Deviation (Volatility).
The raw score is then smoothed using an Exponential Moving Average (EMA) to filter noise, providing a clearer reading of the underlying statistical position.
Statistical Thresholds:
$\pm 2\sigma$ (High/Low): Defines the standard Overbought/Oversold zones (Trigger Zones). Movement into these areas suggests a pullback or reversal is increasingly likely.
$\pm 3\sigma$ (Extreme): Defines the "Kill Zone" of maximum statistical risk. Price reaching this level is highly unlikely to sustain itself, triggering an Extreme Overbought/Oversold warning.
Risk & Bias Dashboard (Table):
A real-time dashboard displayed on the chart (bottom right) provides a quantified summary of the current market state:
Current Z: The exact Z-Score value and its gradient color (green for positive pressure, red for negative).
Market Risk: Flags the statistical risk (e.g., OVERBOUGHT or EXTREME OVERSOLD ⚠️) based on the $\sigma$ thresholds.
Next Bias: Suggests the immediate directional bias (e.g., LONG SETUP NEXT or SHORT REVERSAL), helping the user prepare for the next high-probability setup based on the Z-Score's position relative to the mean.
Divergence Engine:
Detects standard Bullish and Bearish divergences between the Z-Score and the price action, signaling potential trend exhaustion or hidden momentum shifts.
Interpretation & Use
Risk Management: Treat the $\pm 3\sigma$ (Extreme) levels as mandatory profit-taking or high-alert reversal zones. Trading against these extremes carries the highest statistical risk.
Entry Timing: High-probability entries are found when the Z-Score is at $\pm 2\sigma$ (Oversold/Overbought) and a momentum shift (e.g., a green bar after an Oversold red sequence) is observed.
Trend Confirmation: When the Z-Score operates between $0$ and $\pm 2\sigma$, it confirms the direction of the current trend (Positive Z-Score = Bullish bias).
Percentage Distance from 200-Week SMA200-Week SMA % Distance Oscillator (Clean & Simple)
This lightweight, no-nonsense indicator shows how far the current price is from the classic 200-week Simple Moving Average, expressed as a percentage.
Key features:
• True percentage distance: (Price − 200w SMA) / 200w SMA × 100
• Auto-scaling oscillator (no forced ±100% range → the line actually moves and looks alive)
• Clean zero line
• +10% overbought and −10% oversold levels with subtle background shading
• Real-time table showing the exact current percentage
• Small label on the last bar for instant reading
• Alert conditions when price moves >10% above or below the 200-week SMA
Why 200-week SMA?
Many legendary investors and hedge funds (Stan Druckenmiller, Paul Tudor Jones, etc.) use the 200-week SMA as their ultimate long-term trend anchor. Being +10% or more above it has historically signaled extreme optimism, while −10% or lower has marked deep pessimism and generational buying opportunities.
Perfect for Bitcoin, SPX, gold, individual stocks – works on any timeframe (looks especially good on daily and weekly charts).
Open-source • No repainting • Minimalist & fast
Enjoy and trade well!
Delta Volume RSI1. Introduction
The Delta Volume RSI (Relative Strength Index based on Volume Delta) indicator provides a unique perspective on market momentum by analyzing the average gains and losses of the volume delta —the difference between buying and selling volume—over a specified period. Unlike traditional RSI, which focuses on price changes, this indicator evaluates shifts in market participation intensity, helping traders detect periods of accumulation and distribution through volume action.
2. Key Features
- Volume-Based Calculation: Computes RSI using the average gains and losses of delta volume rather than price changes, offering insights into buying/selling pressure.
- Dynamic Color Coding: Paints the indicator line green when above the 50 level, and red when below, enabling quick visual identification of momentum shifts around neutrality.
- Reference Levels: Clearly displays overbought (70), neutral (50), and oversold (30) lines for context on volume-driven market extremes.
- Customizable Period: Users can set the period for RSI calculation to fit their trading style and timeframe preferences.
3. How to Use
1. Interpret Colors: The indicator line turns green when volume delta momentum is bullish (above 50) and red when bearish (below 50). Overbought and oversold zones (above 70 or below 30) may highlight exhaustion in volume-driven pushes.
2. Adjustment: Modify the RSI period in the settings to tailor responsiveness.
3. Reference Line: Use the dashed gray line at 50 as a core threshold for detecting transitions between buyer and seller dominance.
How It Differs From Standard RSI
The standard RSI uses changes in closing price to calculate market momentum. In contrast, this indicator calculates RSI using the average gains and losses of the delta volume , capturing underlying shifts in buying and selling activity—even when price is flat. This makes the Delta Volume RSI especially useful for identifying divergence between volume flow and price movement, potentially signaling strong accumulation/distribution or market reversals not visible on price-based RSI alone.
Vortex Pro with Moving average [point algo]Vortex Pro with MA Dropdown is an enhanced version of the classic Vortex Indicator (VI), designed to help visualize directional strength by comparing positive and negative trend movement.
This version includes a smoothed “Vortex Pro” line, adjustable moving-average filtering, and dynamic zone coloring for improved readability.
How It Works:
The script calculates VI+ and VI− using directional movement and true range.
“Vortex Pro” is derived from the difference between VI+ and VI−, scaled for clarity.
A customizable moving average (EMA, SMA, HMA, WMA) is applied to help smooth volatility and highlight shifts in momentum.
Features :
• Vortex Pro Line
A scaled trend-strength line showing when positive movement is dominating or weakening.
• MA Type Dropdown
Choose between EMA, SMA, HMA, or WMA to smooth the Vortex Pro line.
• Zero-Line Structure
A plotted zero line is used to compare positive vs. negative strength visually.
• Dynamic Fill Zones
Green shading when the Vortex Pro line is above zero, red when below.
Usage:
This tool is designed for visual analysis of trend direction and momentum strength.
It does not generate buy/sell signals and should be used as part of a broader analysis approach.
Suitable for all timeframes and markets.
Spot-Futures SpreadSpot-Futures Spread Indicator
A comprehensive indicator that automatically calculates and visualizes the percentage spread between spot and perpetual futures prices across multiple exchanges.
Key Features:
Automatic Exchange Detection - Automatically detects your current exchange and finds the corresponding spot/futures pair
Smart Fallback System - If the counterpart isn't available on your exchange, it automatically searches across 7+ major exchanges (Binance, Bybit, OKX, Gate.io, MEXC, KuCoin, HTX) and uses the first valid match
Multi-Exchange Support - Works with 14 exchanges including Binance, Bybit, OKX, MEXC, BitGet, Gate.io, KuCoin, and more
Clear Exchange Attribution - Shows exactly which exchanges are providing spot and futures data in the statistics table
Configurable Moving Average - Track the average spread with customizable period
Standard Deviation Bands - Identify unusual spread conditions with Bollinger-style bands
Built-in Alerts - Get notified when spread crosses bands or zero (parity)
Statistics Table - Real-time stats showing current spread, MA, std dev, and bands
Manual Override Options - Advanced users can manually specify exchanges and symbols
How It Works:
The indicator calculates the spread as: (Futures Price - Spot Price) / Spot Price × 100
Positive spread = Futures trading at a premium (contango)
Negative spread = Futures trading at a discount (backwardation)
Zero = Parity between spot and futures
Use Cases:
Funding Rate Analysis - Correlates with perpetual funding rates
Arbitrage Opportunities - Identify significant spot-futures divergences
Market Sentiment - Premium/discount indicates bullish/bearish positioning
Cross-Exchange Analysis - Compare spreads when spot and futures are on different exchanges
Smart Features:
Works whether you're viewing a spot or futures chart
Automatically handles exchange-specific perpetual contract naming (.P, PERP, SWAP, etc.)
Color-coded visualization (green for premium, red for discount)
Customizable colors and display options
Background shading based on spread direction
Perfect For:
Crypto traders monitoring funding rates, arbitrage traders, market makers, and anyone interested in spot-futures dynamics across multiple exchanges.
Getting Started:
Simply add the indicator to any spot or perpetual futures chart. It will automatically detect the exchange and find the corresponding pair. The statistics table shows which exchanges are being used for maximum transparency.
Note: The indicator automatically ignores invalid symbols, so you'll never see errors even if a specific pair doesn't exist on a particular exchange.
Kudos to @AlekMel that made the "Spot - Fut Spread v2" indicator that I enhance the Automatic detection feature which was not working in some case.
Elder Force Index Alexander Elder's volume indicator. Stay in long as long as the background is green and there are no green crosses. The same applies for short.
RSI PriceThe relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of 0 to 100.
Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. In addition to identifying overbought and oversold securities, the RSI can also indicate securities that may be primed for a trend reversal or a corrective pullback in price.
All-in-One RSI & StochRSI: 4x MTF View Matrix by Jenn.ioAll-in-One RSI & StochRSI: 4x MTF View Matrix (Momentum Dashboard) by Jenn.io
Indicator Overview
This indicator is a complete momentum tool that combines the Relative Strength Index (RSI) and the Stochastic RSI (StochRSI) into a single pane, complemented by a powerful Multi-Timeframe (MTF) Table of up to 4 timeframes for a comprehensive market view.
It is ideal for traders looking to confirm overbought/oversold conditions across multiple timeframes before making a trading decision.
Key Features and Logic:
Dual Oscillator Display: It plots the RSI (to measure the speed and change of price movements) and the %K and %D lines of the StochRSI (to measure the RSI relative to its range).
Visual Signaling: Background Shading: The RSI area is shaded in Red or Green (overbought or oversold) for quick identification of extreme zones.
Optional Labels: Displays clear labels like "OB" (Overbought) or "OS" (Oversold) when the oscillators cross critical levels.
Multi-Timeframe Table (MTF 4): The core feature. It displays the values of the RSI and the StochRSI Average ((K + D) / 2) across four different timeframes fully customizable by the user (e.g., 15m, 1h, 4h, Daily).
Heatmap Matrix: The MTF table values are dynamically colored:Red or Green: If the value is in the Overbought zone ($\geq 70$ by default) or Oversold zone ($\leq 30$ by default).
Recommended Usage:
Signal Confluence: Use the primary oscillators to identify an entry signal on your operating timeframe.
MTF Confirmation: Check the MTF table to confirm that momentum on higher timeframes (e.g., 4H or Daily) is moving in the same direction (e.g., if the current timeframe oscillator is oversold, look for higher TFs to show a neutral or low value to confirm exhaustion).
Risk Management: Avoid taking buy signals if the higher TFs are already showing a strong overbought condition (Red or Green).
TradingBot - Multi-RSI Histogram & Signal SmootherMulti-RSI Histogram & Signal Smoother
This indicator combines three RSI calculations and transforms their relative differences into a histogram, allowing users to observe shifts in momentum and market character in a structured, visual format. The goal of this tool is to present RSI-based relationships in a way that is easier to interpret compared to individual RSI lines, especially in environments where price moves between trending and ranging behaviour.
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How It Works (Objective Explanation)
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- The script calculates three RSI values using different lengths.
- It measures their relative differences (RSI3–RSI7, RSI7–RSI14, RSI3–RSI14).
- These three difference values are combined into a single histogram.
- A moving average (EMA) of the histogram is plotted to highlight short-term changes in the aggregated signal.
This approach allows users to view how multiple RSI speeds diverge or converge, which may help them evaluate momentum shifts. The histogram uses a gradient color scale purely for visual clarity.
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What the Indicator Shows (Non-Promotional)
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- Increasing histogram values simply mean the faster RSIs are rising relatively stronger than the slower RSIs.
- Decreasing histogram values indicate the opposite — fast RSIs weakening relative to slower ones.
- The EMA line smooths the raw histogram to make the changes easier to observe.
This indicator does not predict future price movement. It only reflects the real-time relationship between different RSI settings.
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Possible Use Cases (Allowed Under TradingView Rules)
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These are general technical-analysis use cases, not financial advice:
1. Identifying momentum compression or expansion
- When the histogram stays near zero, the different RSIs are close together.
- This may occur during consolidation phases.
2. Observing momentum transitions
- A shift from negative to positive values (or vice versa) shows a relative change in RSI behaviour.
- The EMA may help users track such transitions more smoothly.
3. Supporting existing strategies
- This indicator can be used as an additional layer of confirmation in systems that already rely on momentum or RSI-based tools.
- It should not be used as a standalone decision-making tool.
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Important Notes (Required for House-Rule Compliance)
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- This indicator does not generate buy or sell signals.
- It is not a guarantee of performance and should not be interpreted as financial advice.
- Past performance of any technical method does not ensure future outcomes.
- Users should test this script and adjust parameters based on their own preferences and trading approach.
TDI Advanced Signals with EMA FilterBuy and sell signals based on the TDI also includes the EMA filter, which is optional.
Fear & Greed Oscillator - Risk SentimentThe Fear & Greed Oscillator – Risk Sentiment is a macro-driven sentiment indicator inspired by the popular Fear & Greed Index , but rebuilt from the ground up using real, market-based economic data and statistical normalization.
While the traditional Fear & Greed Index uses components like volatility, volume, and social media trends to estimate sentiment, this version is powered by the Copper/Gold ratio — a historically respected gauge of macroeconomic confidence and risk appetite.
📈 Expansion vs. Contraction Theory
At the heart of this oscillator is a simple macroeconomic insight:
🟢 Copper performs well during periods of economic expansion and risk-on behavior (industrials, construction, manufacturing growth).
🔴 Gold performs well during periods of economic contraction , as a classic risk-off, capital-preserving asset.
By tracking the ratio of Copper to Gold prices over time and converting it into a Z-score , this tool shows when macro sentiment is statistically stretched toward greed or fear — based on how unusually strong one side of the ratio is relative to its historical average.
⚙️ How It Works
The script takes two user-defined tickers (default: Copper and Gold) and calculates their ratio.
It then applies Z-score normalization over a user-defined period (default: 200 bars).
A color gradient line is plotted:
🔴 Z < -2 = Extreme Fear
🟣 -2 to 0 = Mild Fear to Neutral
🔵 0 to 2 = Neutral to Greed
🟢 Z > 2 = Extreme Greed
Visual guides at ±1, ±2, ±3 standard deviations give immediate context.
Includes alert conditions when the Z-score crosses above +2 (Greed) or below -2 (Fear).
🔔 Alerts
“Z-Score has entered the Greed Zone ” when Z > 2
“Z-Score has entered the Fear Zone ” when Z < -2
These are designed to help catch macro sentiment extremes before or during large shifts in market behavior.
⚠️ Disclaimer
This indicator is a macro sentiment tool, not a direct trading signal. While the Copper/Gold ratio often reflects economic risk trends, correlation with risk assets (like Bitcoin or equities) is not guaranteed and may vary by cycle. Always use this indicator in conjunction with other tools and contextual analysis.
Extended Macros (NW)Extended Macros (NW)
Visual timing tool for ICT-style 33-minute macro periods
Designed to be used on intraday time frames (1min to 5min)
What It Does
Highlights ten 33-minute institutional timing windows throughout the trading day.
Each macro appears as a horizontal line in the lower pane during its active period.
The Concept
Based on ICT's numerological timing theory where markets deliver on 3-6-9 harmonics:
Start: :42 minutes (4+2 = 6)
End: :15 minutes (1+5 = 6)
Duration: 33 minutes (3+3 = 6)
The number 6 represents delivery and entry timing. Traders watch for 9 patterns (reversals) within these windows.
Macro Periods
2:42-3:15 AM | 3:42-4:15 AM
7:42-8:15 AM | 8:42-9:15 AM | 9:42-10:15 AM
10:42-11:15 AM | 11:42-12:15 PM
12:42-1:15 PM | 1:42-2:15 PM | 2:42-3:15 PM
How To Use
Monitor for setups as macros begin (:42)
Watch for momentum shifts as macros end (:15)
Combine with market structure and liquidity analysis
Designed to be used on intraday time frames (1min to 5min)
Features
Toggle individual periods on/off
Customizable color and line thickness
Non-repainting fixed-time display
Shows all periods ahead of price
Note: This is a timing reference tool. Use with proper analysis and risk management.
Luxy Sector & Industry RS AnalyzerEver wonder why some stocks soar while others in the same sector barely move? Or why your perfectly timed entry still loses money? Possibly the answer can be found in Relative Strength.
The Luxy Sector & Industry RS Analyzer solves a critical problem that most traders overlook: picking strong stocks in strong sectors AND strong industries . It's not enough for a stock to go up - you want stocks that are crushing their competition at both the sector AND industry level. This indicator does the heavy lifting by automatically comparing your stock against its sector ETF, industry ETF, the broader market, sector leader, and industry leader, giving you a complete multi-level picture of relative performance.
What makes this different?
- Automatic sector AND industry detection - no manual setup required
- Multi-level hierarchy analysis: Market → Sector → Industry → Stock
- Multi-timeframe analysis (1 month to 1 year) in one glance
- Industry ETF mapping (30+ industries covered)
- Clear 0-100 scoring system with letter grades (A+ to F)
- Works on stocks, crypto, forex, and commodities
- Real-time updates with anti-repaint protection
Think of it as your performance dashboard - instantly showing you if you're trading a champion or a laggard at every level of the market hierarchy.
METHODOLOGY & ATTRIBUTION
This indicator is based on classical Relative Strength (RS) analysis principles from technical analysis. RS methodology compares an asset's price performance against a benchmark to identify relative outperformance or underperformance. This concept has been used by professional traders and institutions for decades.
Key Concepts Used:
Relative Strength (RS) - Classical technical analysis concept measuring comparative performance
Multi-Level Hierarchy Analysis - Market → Sector → Industry → Stock comparison
Sector Rotation Analysis - Identifying which sectors are leading or lagging the market
Industry Rotation Analysis - Identifying which industries are leading within their sectors
Multi-period Performance Analysis - Evaluating strength across multiple timeframes
Beta Calculation - Standard statistical measure of volatility relative to a benchmark
DISCLAIMER: This indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Past performance does not guarantee future results. Trading involves risk and may not be suitable for all investors. Always do your own research and consult with a financial advisor before making investment decisions.
with all rows visible - capture when stock has strong RS score (70+) so users can see what a "good" setup looks like]
WHAT THE INDICATOR SHOWS
1. AUTOMATIC ASSET TYPE DETECTION
The indicator automatically identifies what you're analyzing and adjusts accordingly:
Stocks - Compares to sector ETF (XLK, XLF, XLV, etc.) and SPY
Crypto - Compares to Total Crypto Market Cap and Bitcoin
Forex - Compares to relevant currency index (DXY, EXY, etc.)
Commodities - Compares to Gold (GLD) as benchmark
Indices - Compares to broader market indices
How it works: The indicator reads your chart's asset type and ticker, then automatically maps it to the correct sector or benchmark. For stocks, it uses intelligent sector detection (looking at the sector field) to match you with the right sector ETF. For example:
- Technology stocks get compared to XLK (Technology Select Sector SPDR)
- Financial stocks get compared to XLF (Financial Select Sector SPDR)
- Healthcare stocks get compared to XLV (Health Care Select Sector SPDR)
This happens instantly when you add the indicator to any chart - no configuration needed.
2. SECTOR & MARKET BENCHMARKS
What is a Sector ETF?
A sector ETF is an exchange-traded fund that tracks a specific industry group. For example, XLK contains all major technology companies. By comparing your stock to its sector ETF, you can see if your stock is outperforming or underperforming its peers.
The indicator shows three key comparison points:
Stock vs Sector (Benchmark)
This tells you how your stock performs compared to companies in the same industry. Positive numbers mean your stock is beating the sector average. Negative numbers mean it's lagging behind.
Stock vs Market (SPY)
This shows performance against the broader S&P 500 index. This is important because even if a stock beats its sector, the entire sector might be weak. You want stocks that beat both their sector AND the market.
Sector vs Market
This reveals "sector rotation" - whether money is flowing into or out of this sector. When this number is positive, the whole sector is hot and leading the market. This is powerful because strong sectors tend to lift all boats, making it easier to find winners.
3. MULTI-PERIOD PERFORMANCE ANALYSIS
The indicator calculates performance across four timeframes simultaneously:
1 Month (1M) - Recent short-term momentum
3 Months (3M) - Medium-term trend strength
6 Months (6M) - Longer-term positioning
1 Year (1Y) - Full-cycle performance view
Why multiple periods matter:
A stock might look great over 1 month but terrible over 6 months - that's a red flag. The best stocks show consistent strength across all timeframes . When you see positive RS (Relative Strength) values across all four periods, you've found a stock with sustained outperformance.
Each row in the table shows:
- Raw performance percentage for that period
- RS value (the difference compared to benchmark)
- Color coding: Green for positive, red for negative, white for neutral
4. SECTOR LEADER COMPARISON
The indicator automatically identifies and compares your stock to the sector leader - the dominant stock in that industry.
Sector leaders by industry:
Technology: Apple (AAPL)
Healthcare: UnitedHealth (UNH)
Financial: JPMorgan Chase (JPM)
Energy: ExxonMobil (XOM)
Consumer Discretionary: Amazon (AMZN)
Consumer Staples: Walmart (WMT)
And more...
Why this matters:
Comparing to the leader shows you if you're trading a champion or a follower. If your stock consistently beats the sector leader, you've found something special. If it's lagging the leader, you might want to trade the leader instead.
Optional Custom Leader:
You can override the automatic leader and compare to any stock you choose. This is useful if you want to benchmark against a specific competitor or reference stock.
NEW! INDUSTRY ANALYSIS (STOCKS ONLY)
The indicator now provides multi-level analysis by automatically detecting and comparing your stock to its specific industry , not just the broad sector.
Why Industry matters:
Technology sector (XLK) contains many different industries: Software, Semiconductors, Hardware, etc. A software stock might beat the broad tech sector but lag behind other software companies. Industry analysis provides this granular view.
Industry ETF Mapping (30+ industries):
Software/Applications: IGV (iShares Software ETF)
Semiconductors: SMH (VanEck Semiconductor ETF)
Biotech: IBB (iShares Biotechnology ETF)
Pharmaceuticals: XPH (SPDR Pharmaceuticals ETF)
Banks: KBE (SPDR S&P Bank ETF)
Regional Banks: KRE (SPDR Regional Banking ETF)
Oil & Gas Exploration: XOP (SPDR Oil & Gas Exploration ETF)
Homebuilders: XHB (SPDR Homebuilders ETF)
Retail: XRT (SPDR S&P Retail ETF)
Aerospace & Defense: ITA (iShares U.S. Aerospace & Defense ETF)
And many more...
Industry Leader Mapping:
The indicator also identifies the leader within each industry:
Software: Microsoft (MSFT)
Semiconductors: NVIDIA (NVDA)
Biotech: Amgen (AMGN)
Pharmaceuticals: Eli Lilly (LLY)
Banks: JPMorgan (JPM)
Oil Exploration: ConocoPhillips (COP)
And more...
New Table Rows for Stocks:
Industry ETF Performance - How the specific industry performed (green background)
Industry Leader Performance - How the top stock in the industry performed
vs Industry RS - Your stock's outperformance vs its industry ETF
Industry vs Sector RS - Is this industry hot or cold within its sector?
vs Industry Leader RS - Your stock's performance vs the industry's best
Why this is powerful:
A stock that beats both its sector AND its industry is showing strength at every level. This indicates true relative strength, not just riding sector-wide momentum.
Optional Custom Industry:
You can override automatic detection for both Industry ETF and Industry Leader in settings.
5. RS SCORE & GRADING SYSTEM (0-100)
The heart of the indicator is the RS Score - a weighted calculation that distills all the performance data into one clear number from 0 to 100.
How the score is calculated:
FOR STOCKS (with Industry data):
The indicator splits the weight between Sector (60%) and Industry (40%):
SECTOR RS (60% of total weight):
1 Month RS: 24% weight (40% × 0.6)
3 Month RS: 18% weight (30% × 0.6)
6 Month RS: 12% weight (20% × 0.6)
1 Year RS: 6% weight (10% × 0.6)
INDUSTRY RS (40% of total weight):
1 Month RS: 16% weight (40% × 0.4)
3 Month RS: 12% weight (30% × 0.4)
6 Month RS: 8% weight (20% × 0.4)
1 Year RS: 4% weight (10% × 0.4)
FOR OTHER ASSETS (Crypto, Forex, Commodities):
Uses full 100% weight on benchmark:
1 Month RS: 40% weight
3 Month RS: 30% weight
6 Month RS: 20% weight
1 Year RS: 10% weight
It starts at 50 (neutral) and adds or subtracts points based on your asset's relative strength in each period.
Bonus points:
+5 points if the sector is outperforming the market (sector rotation is bullish)
+5 points if the industry is outperforming its sector (hot industry) - STOCKS ONLY
+5 points if RS momentum is improving (getting stronger over time)
-5 points if RS momentum is declining (getting weaker)
The final score is capped between 0-100.
Letter Grade System:
90-100: A+ - Elite performer, crushing the sector
85-89: A - Excellent, strong outperformer
80-84: A- - Very good, above average
75-79: B+ - Good, solid performer
70-74: B - Above average, decent strength
65-69: B- - Slightly above average
60-64: C+ - Average, neutral strength
55-59: C - Below average
50-54: C- - Weak, slight underperformance
45-49: D+ - Concerning weakness
40-44: D - Poor, significant underperformance
0-39: F - Failing, avoid this stock
What scores mean for trading:
- RS Score above 70: Strong stocks worth considering for long positions
- RS Score 50-70: Average stocks, better opportunities elsewhere
- RS Score below 50: Weak stocks, avoid or consider for shorts
6. CONSISTENCY SCORE
This metric shows what percentage of time periods show positive RS .
For STOCKS (with Industry data):
Counts both Sector RS periods AND Industry RS periods (up to 8 total periods):
- If a stock beats both sector and industry in all 4 periods each: Consistency = 100% (8/8)
- If it beats in 6 out of 8 total periods: Consistency = 75%
- If it beats in 4 out of 8 total periods: Consistency = 50%
For OTHER ASSETS:
Counts benchmark periods only (4 total):
- If it beats benchmark in all 4 periods (1M, 3M, 6M, 1Y): Consistency = 100%
- If it beats in 3 out of 4 periods: Consistency = 75%
- If it beats in 2 out of 4 periods: Consistency = 50%
Why consistency matters:
A high RS Score with low consistency might indicate a recent spike that could fade. The best stocks show both high RS Score AND high consistency - they're strong now AND have been strong historically at both the sector AND industry level.
Look for stocks with:
Consistency above 75%: Very reliable strength across all levels
Consistency 50-75%: Decent but check other metrics
Consistency below 50%: Weak or erratic, proceed with caution
7. BETA CALCULATION (Volatility Measure)
Beta measures how much more volatile your stock is compared to its sector.
Beta > 1.2 : High volatility - stock moves more aggressively than sector (marked as "High")
Beta 0.8-1.2 : Normal volatility - moves roughly in line with sector
Beta < 0.8 : Low volatility - stock is more stable than sector (marked as "Low")
Formula used:
Beta = Correlation(Stock, Sector) × (Standard Deviation of Stock / Standard Deviation of Sector)
This uses a 20-period calculation for reliability.
How to use Beta:
- High Beta stocks offer bigger gains but also bigger risks - good for aggressive traders
- Low Beta stocks are more defensive - good for conservative positions
- Match Beta to your risk tolerance and strategy
8. DAYS ABOVE/BELOW SECTOR
This tracks consecutive periods (bars) where your stock outperforms or underperforms its sector.
Days Above Sector:
Counts how many bars in a row your stock has beaten the sector.
10+ days: Strong sustained strength (shown in bright green)
5-9 days: Building momentum (shown in yellow)
1-4 days: Early strength (shown in white)
0 days: Not currently outperforming
Days Below Sector:
Counts how many bars in a row your stock has lagged the sector.
10+ days: Sustained weakness (shown in bright red)
5-9 days: Losing momentum (shown in orange)
1-4 days: Minor weakness (shown in white)
0 days: Not underperforming (this is good!)
Why this matters:
Long streaks show trend persistence. A stock with 15+ days above sector is riding strong momentum. A stock with 15+ days below sector is in a sustained downtrend relative to peers.
9. PRICE VS 52-WEEK HIGH
Shows where current price sits relative to its 52-week high (or equivalent for your timeframe).
95%+ (green) : Stock is near all-time highs - strong positioning
80-94% (yellow) : Stock is in a pullback but still relatively strong
Below 80% : Stock has pulled back significantly from highs
Why this matters:
The strongest stocks stay near their highs. When you see a stock with high RS Score AND price near 52W high, you've found a stock with institutional support and strong buying pressure.
10. RELATIVE VOLUME
Compares current volume to the 20-period average volume.
1.5x+ (green) : High volume - significant interest and participation
Around 1.0x : Average volume - normal trading activity
Below 1.0x : Low volume - less interest or inactive period
Why volume matters:
High relative volume confirms price moves. When a stock makes a strong move on 2x or 3x normal volume, it's more likely to sustain. Low volume moves are often just noise.
11. AVERAGE RS STRENGTH
This calculates the average absolute value of all RS readings across the four timeframes.
It shows the magnitude of divergence from the sector, regardless of direction. A high number means the stock moves very differently from its sector (could be much stronger or much weaker). A low number means it tracks closely with the sector.
High Average RS: Stock has strong character, moves independently
Low Average RS: Stock follows sector closely, lacks individual strength
12. SECTOR ROTATION SIGNAL
This indicator automatically detects when a sector is experiencing bullish rotation - meaning money is flowing into the sector and it's outperforming the broader market.
Condition for bullish rotation:
Sector must be beating SPY (market) in both 1-month AND 3-month periods.
Why this matters:
Stocks in hot sectors tend to perform better because they have tailwinds from sector-wide buying. When sector rotation is bullish and your stock has a high RS Score, you've found an ideal setup.
The indicator adds +5 bonus points to the RS Score when sector rotation is bullish.
13. MOMENTUM DETECTION
The indicator compares 1-month RS to 3-month RS to detect if momentum is improving or declining.
RS Momentum Improving: 1M RS is better than 3M RS - stock is getting stronger (adds +5 to score)
RS Momentum Declining: 1M RS is worse than 3M RS - stock is getting weaker (subtracts -5 from score)
Why momentum matters:
You want to catch stocks as momentum is building, not after it's already peaked. Improving momentum suggests the strength is accelerating, not fading.
14. OVERALL ASSESSMENT & RECOMMENDATION
The indicator provides two quick summary rows:
Overall Rating:
Based on grade and RS Score, you get an instant quality rating:
Strong Leader (A/A+) - Top tier stock, crushing it
Above Average (A-/B+) - Solid performer, better than most
Average (B/B-) - Middle of the pack
Below Average (C/C+) - Struggling, watch carefully
Underperformer (D/F) - Weak stock, underperforming badly
Trading Signal:
Combines multiple factors to give setup quality:
STRONG BUY SETUP - RS Score 70+, Consistency 75+, AND sector rotation bullish. This is the perfect storm - strong stock, consistent strength, hot sector.
BULLISH - RS Score 60+, Consistency 50+. Good quality stock worth considering.
NEUTRAL - RS Score 50+. Okay but not exciting, better opportunities exist.
WEAK - RS Score 40-49. Below average, risky.
AVOID - RS Score below 40. Stay away, too weak.
IMPORTANT: These are educational signals only, not financial advice. Always do your own analysis and risk management.
KEY FEATURES
1. AUTOMATIC EVERYTHING
- Auto-detects asset type (stock, crypto, forex, commodity, index)
- Auto-maps stocks to correct sector ETF (11 sectors covered)
- Auto-maps stocks to correct industry ETF (30+ industries covered)
- Auto-identifies sector leader AND industry leader
- Auto-selects appropriate market benchmark
- Zero configuration required - just add to chart
2. MULTI-ASSET SUPPORT
Works on all asset classes:
US Stocks - Compares to sector ETFs (XLK, XLF, XLV, etc.)
Crypto - Compares to Total Crypto Market Cap
Forex - Compares to currency indices (DXY, EXY, etc.)
Commodities - Compares to Gold (GLD)
Indices - Compares to broader market benchmarks
3. FLEXIBLE DISPLAY
9 table positions (top/middle/bottom, left/center/right)
4 size options (tiny, small, normal, large)
Show/hide table completely
Real-time indicator toggle
4. TIMEFRAME FLEXIBILITY
Choose your analysis timeframe:
Chart Timeframe (default) - Uses whatever timeframe your chart is on
Fixed: 1 Hour, 4 Hours, Daily, Weekly - Forces calculations to specific timeframe
This means you can be on a 5-minute chart but analyze RS on Daily timeframe if you prefer.
5. RS SCORE FILTERING
Set a minimum RS Score threshold to only see strong stocks:
Set to 0 - Shows all stocks
Set to 70 - Only displays stocks with RS Score 70+ (strong stocks only)
Warning message displays if stock doesn't meet threshold
Perfect for screening - quickly scan multiple charts and the indicator only shows tables for stocks that pass your quality filter.
6. CUSTOM LEADER COMPARISON
Override automatic leader detection:
Compare to any ticker you choose
Benchmark against specific competitors
Use your own reference stocks
7. COMPREHENSIVE TOOLTIPS
Every input parameter and every table row has detailed tooltips explaining:
What the metric measures
How to interpret the values
What thresholds indicate strength/weakness
Why it matters for trading
Hover over any element to learn - it's like having a trading coach built in.
8. SMART ALERTS
Built-in alert system for key events:
Divergence Alerts:
Get notified when your stock diverges significantly from its sector.
Bullish Divergence: Stock beating sector by threshold percentage
Bearish Divergence: Stock losing to sector by threshold percentage
Set your threshold (default 5%) - this determines how big a divergence triggers the alert.
RS Score Alerts:
Get notified when RS Score crosses your threshold:
Crossed Above: RS Score went from below to above your threshold (bullish)
Crossed Below: RS Score dropped from above to below threshold (bearish)
Set your threshold (default 70) to focus on strong stocks.
Sector Rotation Alert:
Fires when sector shows bullish rotation (outperforming market).
HOW TO USE THE INDICATOR
FOR SWING TRADERS:
1. Add indicator to your watchlist stocks
2. Look for RS Score 70+ with Consistency 75%+
3. Check if sector rotation is bullish (bonus!)
4. Verify price is near 52W high (95%+)
5. Wait for entry setup on your chart
6. Use stop loss below key support
Example Setup:
Stock shows:
- RS Score: 82 (Grade: A-)
- Consistency: 100% (strong across all periods)
- Sector Rotation: Bullish
- Price vs 52W High: 96%
- Days Above Sector: 12 days
- Relative Volume: 1.8x
This is a textbook strong stock in a hot sector near highs - ideal for swing long.
FOR POSITION TRADERS:
1. Focus on 6-month and 1-year RS values
2. Look for sustained outperformance (Consistency 75%+)
3. Prefer lower Beta stocks (less volatility)
4. Check Days Above Sector for trend persistence
5. Monitor RS Score monthly, exit if drops below 60
FOR ACTIVE TRADERS:
1. Use on intraday timeframes (1H or 4H)
2. Set RS Score filter to 60+ for quick screening
3. Enable Divergence Alerts
4. Watch for momentum improving signal
5. Higher Beta stocks offer more movement
FOR SHORT SELLERS:
1. Look for RS Score below 40 (Grade: D or F)
2. Check for declining momentum
3. Verify Days Below Sector is increasing (10+)
4. Sector rotation should be bearish
5. Price should be well off 52W high
WHAT MAKES A PERFECT SETUP:
The holy grail combination:
RS Score: 75+ (A- or better)
Consistency: 80%+ (strong across time - beats sector AND industry)
Sector Rotation: Bullish (hot sector)
Industry vs Sector: Positive (hot industry within sector)
Days Above Sector: 10+ (sustained strength)
Momentum: Improving (getting stronger)
Price vs 52W High: 90%+ (near highs)
Relative Volume: 1.5x+ (volume confirmation)
When you find this combination, you've located a stock with every advantage in its favor - strong at the stock level, industry level, AND sector level. That's multi-level confirmation of relative strength.
IMPORTANT NOTES
Data Reliability:
All calculations use lookahead=off for anti-repaint protection
Historical values will never change
Real-time indicator toggle only affects the visual clock icon, not data reliability
All security requests are properly configured to prevent future data leakage
Sector Mapping Notes:
Sector detection uses TradingView's sector field
Some stocks may not have sector data - indicator will adapt
Sector ETFs used: XLK, XLF, XLV, XLE, XLY, XLP, XLI, XLB, XLRE, XLU, XLC
Major market ETFs (SPY, QQQ, DIA) are treated as market benchmarks, not stocks
Multi-Asset Notes:
Crypto compares to CRYPTOCAP:TOTAL (total crypto market cap)
Forex compares to relevant currency index based on base currency
Commodities compare to Gold (GLD) as primary commodity benchmark
Custom leaders can be set for any asset type
FREQUENTLY ASKED QUESTIONS
Q: What does RS Score of 75 actually mean?
A: It means your stock is strongly outperforming its sector across multiple timeframes. The score is weighted toward recent performance (1-month gets 40% weight), so 75 indicates sustained relative strength with emphasis on current momentum.
Q: My stock has high RS Score but is going down. Why?
A: RS Score measures relative performance (vs sector/market), not absolute price direction. A stock can fall 5% while its sector falls 10% - that's still positive relative strength. In bear markets or sector corrections, high RS stocks often fall less than peers.
Q: Should I only trade stocks with RS Score above 70?
A: For long positions, yes - focus on 70+ scores. These stocks have proven they can beat their sector. However, for pairs trading or relative value plays, you might also short stocks with scores below 40 while longing stocks above 70.
Q: What if my stock doesn't have a sector?
A: The indicator handles this gracefully. If no sector is detected, it will compare directly to the market (SPY for stocks). Some rows may show N/A, but the indicator will still provide useful market-relative data.
Q: Why does the sector sometimes show N/A?
A: This happens when: 1) Your asset has no sector classification, 2) The stock IS the sector ETF itself, 3) You're analyzing a non-stock asset (crypto, forex, commodity). The indicator adapts by focusing on market-relative metrics instead.
Q: Can I use this on cryptocurrencies?
A: Yes! The indicator automatically detects crypto and compares to the Total Crypto Market Cap (CRYPTOCAP:TOTAL). You can also set a custom leader like Bitcoin (BTCUSD) to compare against the dominant crypto.
Q: What's the difference between RS Score and Consistency?
A: RS Score is the weighted average of how much you're beating the sector (magnitude). Consistency is what percentage of time periods show outperformance (reliability). You want both high - that means strong AND consistent.
Q: Do the alerts repaint?
A: No. All alerts fire only on bar close (barstate.isconfirmed) and use properly configured data with lookahead=off. Once an alert fires, it's final and won't change.
Q: What timeframe should I use?
A: For swing trading: Daily or Weekly. For day trading: 1H or 4H. For position trading: Weekly. Use "Chart Timeframe" mode and switch your chart timeframe to change the analysis period easily.
Q: Why is Days Above Sector showing 0?
A: This means your stock is not currently outperforming its sector. If Days Below Sector is also 0, it means the RS is exactly neutral (very rare). Check the actual RS values to see current standing.
Q: Can I compare to a different market benchmark than SPY?
A: Currently the indicator uses SPY (S&P 500) as the default US stock market benchmark. For crypto it uses CRYPTOCAP:TOTAL, for forex it uses currency indices, etc. The benchmark auto-adjusts based on asset type.
Q: What's a good Beta value?
A: It depends on your strategy. Aggressive traders prefer Beta above 1.2 (more volatility = bigger moves). Conservative traders prefer Beta 0.8-1.0 (more stable). Beta is neutral - it's about matching your risk tolerance.
Q: How often does the table update?
A: With Real-time Indicator enabled: Every tick (constant updates). With it disabled: Only on bar close. Either way, the underlying data is identical and non-repainting - the toggle only affects update frequency and the clock icon display.
Q: My stock is showing "AVOID" but it's up 50% this year. Is the indicator wrong?
A: Not necessarily. The indicator measures RELATIVE performance. If your stock is up 50% but the sector is up 100%, your stock is actually underperforming by 50%. The indicator helps you identify when you should switch to stronger stocks in the same sector.
Q: What does "Strong Buy Setup" really mean?
A: It means three things aligned: 1) RS Score above 70 (strong stock), 2) Consistency above 75% (reliable strength), 3) Sector rotation is bullish (hot sector). This combination historically correlates with stocks that continue outperforming. However, this is NOT financial advice - always do your own analysis.
Q: Can I use this for options trading?
A: Yes! High RS Score stocks make good candidates for call options (bullish bets) while low RS Score stocks may work for puts (bearish bets). Higher Beta stocks will have more volatile options (higher premiums but more movement).
Q: Why is my crypto showing N/A for sector?
A: Cryptocurrencies don't have "sectors" like stocks do. Instead, the indicator compares crypto to the total crypto market cap. This is normal and expected behavior.
Q: What happens if I'm analyzing an ETF?
A: If you're analyzing a sector ETF (like XLK), it will compare to SPY (market). If you're analyzing SPY itself, some comparisons won't be available (can't compare SPY to itself). The indicator intelligently adapts to avoid circular comparisons.
Q: What if my stock doesn't have industry data?
A: Not all stocks are mapped to specific industries (only 30+ major industries are covered). If no industry is detected, the indicator will still work using only sector analysis. The RS Score calculation will use 100% sector weight instead of the 60%/40% split.
Q: Why does Industry vs Sector matter?
A: Industry vs Sector shows if your specific industry is hot or cold within its broader sector. For example, Semiconductors (SMH) might be outperforming Technology sector (XLK) even though both are up. This helps you find not just strong sectors, but the strongest industries within those sectors.
Q: Can I disable Industry analysis?
A: Yes! In the "Industry Analysis" settings group, you can toggle off "Show Industry Analysis in Table" to hide all industry rows. However, even when hidden, industry data still contributes to the RS Score calculation for stocks.
Q: Why is my Consistency Score lower for stocks than other assets?
A: For stocks with industry data, Consistency counts 8 periods (4 Sector + 4 Industry periods) instead of just 4. This means the bar is higher - your stock needs to beat both sector AND industry consistently. A stock that beats sector in all 4 periods but lags industry in 2 periods will show 75% consistency (6/8), not 100%.
BEST PRACTICES
Use as a screening tool - Set RS Score filter to 70+ and quickly scan your watchlist. Only strong stocks will show the table.
Combine with technical analysis - RS Score tells you WHAT to trade, your chart tells you WHEN to enter.
Check multiple timeframes - Switch between Daily and Weekly to see if strength holds across different time horizons.
Monitor sector rotation - When sector goes from bearish to bullish rotation, it's often a great time to enter stocks in that sector.
Watch Industry vs Sector - Stocks in hot industries within hot sectors have double tailwinds. Prioritize Industry vs Sector positive values.
Pay attention to consistency - High RS Score with low consistency might be a spike that fades. Look for 70%+ consistency across BOTH sector and industry.
Use the leader comparison - If your stock consistently beats both sector leader AND industry leader, you may have found the next champion.
Watch days above/below sector - Long streaks (15+ days) indicate strong trends. Look for these in conjunction with high RS Score.
Set alerts on key stocks - Enable RS Score alerts at 70 threshold to get notified when watchlist stocks become strong.
Consider Beta for position sizing - Size smaller positions in high Beta stocks, larger in low Beta stocks for balanced risk.
Exit when RS Score drops - If a stock's RS Score falls below 60, consider reducing or exiting - the strength may be fading.
Leverage industry-level insight - If Industry ETF is weak but stock is strong, that's standout strength. If Industry is hot but stock is lagging, consider switching to the industry leader instead.
SETTINGS EXPLAINED
Display Settings:
Show Performance Table - Master on/off switch for the table
Table Position - 9 positions available (corners, edges, center)
Table Size - 4 sizes (tiny, small, normal, large) for different screen sizes
Timeframe Settings:
Chart Timeframe (recommended) - Dynamic, uses whatever chart TF you're on
Fixed Timeframes - Locks analysis to 1H, 4H, Daily, or Weekly regardless of chart
Filtering Settings:
Minimum RS Score - Set threshold (0-100) for displaying table
Show Warning - When enabled, displays message if stock doesn't meet filter
Alert Settings:
Divergence Alerts - Enable alerts when stock diverges from sector
Threshold (%) - How big a divergence triggers alert (default 5%)
RS Score Alerts - Enable alerts when RS Score crosses threshold
Threshold - What RS Score level triggers alert (default 70)
Sector Analysis Settings:
Use Custom Sector ETF - Override automatic sector ETF detection
Sector ETF Symbol - Enter any sector ETF to compare against
Use Custom Sector Leader - Override automatic sector leader detection
Sector Leader Symbol - Enter any ticker as sector leader
Industry Analysis Settings:
Use Custom Industry ETF - Override automatic industry ETF detection
Industry ETF Symbol - Enter specific industry ETF (e.g., IGV, SMH)
Use Custom Industry Leader - Override automatic industry leader detection
Industry Leader Symbol - Enter specific industry leader
Show Industry Analysis - Toggle all industry rows on/off
Display Settings:
Show Real-time Indicator - Toggle clock icon in header (doesn't affect data)
WHAT THIS INDICATOR DOESN'T DO
To set proper expectations:
Does NOT provide entry/exit signals - this is a strength analyzer, not a trading system
Does NOT predict future price movement - shows current and historical relative strength
Does NOT guarantee profits - strong RS stocks can still decline
Does NOT replace your own analysis - use as one tool among many
Does NOT work on stocks with no sector data - will adapt but some rows show N/A
This indicator is a decision support tool . It helps you identify which stocks are showing relative strength so you can make more informed trading decisions. You still need your own entry strategy, risk management, and position sizing rules.
SUPPORT & CONTACT
Questions or feedback? Use the comments section below or send me a message.
If you find this indicator useful, please give it a boost and share with other traders who might benefit from relative strength analysis.
FINAL REMINDER
This indicator is a tool for analyzing relative strength - it shows you which stocks are outperforming their sector and market. It does NOT provide financial advice or trade signals. Always conduct your own research, manage your risk appropriately, and consult with a financial advisor before making investment decisions.
Past performance of relative strength does not guarantee future results. Strong stocks can become weak, and sectors rotate in and out of favor. Use this indicator as part of a comprehensive trading strategy, not as a standalone decision-making system.
Trade smart, manage risk, and may your RS Scores stay high!
If you got till here and you like my work a BOOST and a COMMENT would make me happy
MTF RSI — Centered at Zero# 🌟 **MTF RSI — Centered at Zero（英語版 Description）**
**A multi–timeframe RSI tool designed for trend-filtered entries and safer reversal timing.
This script transforms both the current timeframe RSI and the 4H RSI by centering them at zero (RSI − 50), giving a clean, intuitive regime view.**
---
## 🔍 **Core Concept**
Traditional RSI fluctuates between 0–100, but the true trend cue lies in the relationship to 50.
By centering RSI at zero, you instantly see:
* **Above 0 → bullish pressure**
* **Below 0 → bearish pressure**
On top of this, the script plots the **4H RSI as a histogram**, allowing you to visually confirm whether the market is in a BUY-ONLY or SELL-ONLY environment before taking any signals.
---
## 🎯 **What This Script Helps You Do**
* Avoid dangerous counter-trend trades
* Identify high-quality reversal points only when aligned with the 4H trend
* Enter pullbacks or bounces with noticeably higher accuracy
* Visually detect regime strength and extreme conditions (RSI >70 / <30)
Even during aggressive trending markets, the combined filter
**(4H regime + local RSI extreme + initial reversal signal)**
keeps you only in high-probability opportunities.
---
## 💡 **Color Logic**
### Vertical stripe (per-bar):
* 🔴 **Overbought (RSI >70)** — red / pink
* 🔵 **Oversold (RSI <30)** — blue
* Colors become stronger when the 4H and current RSI extremes align
* Option to show history or only the most recent bar
### Histogram (4H RSI – 50):
* Pink column above 0 → bullish bias
* Blue column below 0 → bearish bias
### Pivot Signals:
* 🟠 **Buy Signal**: RSI crosses up from local weakness *AND* 4H is BUY-ONLY
* 🔴 **Sell Signal**: RSI crosses down from local strength *AND* 4H is SELL-ONLY
These signals often align with classical **Granville #4 / #8** (deep pullback reversals).
---
## ⏱️ **Timeframe Usage**
Works well on:
* **5m** for active traders
* **15m** for conservative entries
* **1H** for swing confirmation
All of them rely on the same principle:
**“Let the 4H trend guide the direction, and take only high-probability reversals.”**
---
## 🚀 **Best Use Case**
Enter only when:
1. 4H histogram clearly shows BUY-ONLY or SELL-ONLY
2. Local RSI hits extreme zones
3. A bounce or breakdown occurs
4. Your stop-loss is clearly defined beneath the reversal structure
This combination creates consistently **small losses, larger wins** —
ideal for systematic short-term trading.
---
---
# 🌟 **MTF RSI — Centered at Zero（日本語版 Description）**
**RSIを 50 でセンタリングすることで、
“相場が上に傾いているのか / 下に傾いているのか” を一瞬で判別できる、
マルチタイムフレーム対応のRSIトレンド・フィルタースクリプトです。**
---
## 🔍 **スクリプトの核心**
RSIの本質は「50を境に強弱が決まる」ことにあります。
そこで **RSI − 50** を使い、
* **0より上 → 上昇バイアス**
* **0より下 → 下降バイアス**
となるように変換しています。
4時間足RSIも同様にゼロ基準でヒストグラム化するため、
**いま市場の“支配方向（BUY ONLY / SELL ONLY）”がひと目で分かる仕様** にしています。
---
## 🎯 **このスクリプトが解決する課題**
* トレンドに逆らった“危険な逆張り”を避けられる
* 4時間足トレンドと一致したときだけ反転シグナルが出る
* 押し目買い・戻り売りの精度が高まる
* 極端ゾーン（RSI >70 / <30）を自動で縦ストライプ表示
特に、
**4時間足のトレンド + 極端ゾーン + 初動シグナル（RSI反転）**
のセットアップは実戦での成功率が非常に高いです。
---
## 🎨 **カラーの意味**
### ◆ 縦ストライプ（バー単位）
* 🔴 RSI > 70 → オーバーボート（赤/ピンク）
* 🔵 RSI < 30 → オーバーソールド（青）
* 4Hも同方向の極端であれば濃く表示
* 「過去の塗りを消すモード」搭載（今バーのみ表示）
### ◆ 4時間足ヒストグラム（RSI − 50）
* ピンク：上昇圧力（BUY ONLY に近い）
* 青：下降圧力（SELL ONLY に近い）
### ◆ 反転シグナル
* 🟠 BUY：RSIが弱い領域から上抜け + 4H BUY ONLY
* 🔴 SELL：RSIが強すぎる領域から下抜け + 4H SELL ONLY
これはグランビルの4番/8番（深い押し・戻りの反転）にも一致します。
---
## 🕒 **推奨タイムフレーム**
* 5分足：素早くエントリーしたい人
* 15分足：最も安定
* 1時間足：ゆったり目線のスイング向け
---
## 🚀 **ベストな使い方**
以下の条件が揃ったとき、統計的に最も強いエントリーになります：
1. 4時間足RSIヒストグラムが BUY ONLY / SELL ONLY
2. 15分足RSIが極端ゾーンに到達
3. 反転初動のシグナルが点灯
4. 損切りラインが構築できている
（直近安値・高値のすぐ外側）
これにより、**損小利大でブレの少ないトレード** が可能になります。
RSI ✶ YSTCThis is a Bonus Indicator from YSTC's Volume Profile Tools.
Relative Strength Index (RSI)
A momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements.
What Different about this RSI by YSTC.
You get Support and Resistance lines for RSI which are 20, 30, 40, 50, 60, 70, 80. as shown below.
It can also show RSI Candles as shown below.
For those who want all types of MA with MA Cross can play with this indicator. Below is MA Cross of 9, 21.
And for NEW user with untrained eyes who cant yet detect Divergence this indicator Saves you the trouble of finding.
Below is Regular Bullish and Bearish Divergence. Linewidth 2.
Below is Hidden Bullish and Bearish Divergence. Linewidth 1.
You can add this script to your chart by clicking "Add to favorites" button.
Have Questions ?
Contact: +91 9637070868.
Name: Yogesh Patil (YS Trading Coach).
Time: Monday to Saturday (10:00 AM - 06:00 PM).
Visit our website - YS Trading Coach .
FREE Self Study Yourself Course: Trading with Price Action Volume .
Free Stock Market Introduction Available here .
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Paid Volume Profile Tools available here.
Reduced-Lag Chande Momentum Oscillator [BOSWaves]Reduced-Lag Chande Momentum Oscillator – Adaptive Momentum Geometry with Reduced-Latency Reversion Logic
Overview
The Reduced-Lag Chande Momentum Oscillator represents a sophisticated extension of the classical Chande Momentum Oscillator, preserving the foundational measurement of net directional pressure while addressing inherent limitations in lag, noise, and signal clarity. The traditional CMO provides reliable snapshots of upward versus downward force but reacts slowly to rapid market accelerations and can obscure meaningful momentum inflections with delayed readings. This iteration integrates a dual-stage reduced-lag filter, optional advanced smoothing, and acceleration-based analytics, producing a real-time, multi-dimensional representation of market momentum.
The design reframes classical momentum using a layered curvature and gradient structure - main, midline, and shadow - to show trajectory, velocity, and intensity in one view. Instead of the usual ±70/30 extremes, it uses ±50 as a statistically grounded threshold where one side of the market begins exerting true dominance. This captures structural imbalance more reliably, exposing exhaustion and actionable inflection without amplifying noise.
This visualization gives traders a continuous, responsive read on market structure, revealing not just direction but rate of change, acceleration alignment, and curvature behavior. The oscillator becomes a momentum map, expressing both probability and intensity behind directional shifts.
Where conventional oscillators mislabel short-lived swings as signals, the Reduced-Lag CMO separates baseline shifts from high-conviction transitions, enabling cleaner, more decisive signal interpretation.
Theoretical Foundation
The classical Chande Momentum Oscillator, created by Tushar Chande, calculates the normalized net difference between consecutive upward and downward price changes over a defined window, generating readings from –100 to +100. While effective for capturing basic directional pressure, the unmodified CMO suffers from signal latency and sensitivity to abrupt market swings, which can obscure actionable inflection points.
The Reduced-Lag CMO augments this foundation with three key mechanisms:
Reduced-Lag Filtering : A dual-EMA structure eliminates inertial lag, aligning the oscillator curve closely with real-time market momentum without producing overshoot artifacts.
Smoothing Architecture : Optional SMA, EMA, or WMA smoothing is applied post-filter, balancing noise reduction with trajectory fidelity. A multi-layer line system (shadow → midline → main) communicates depth, curvature, and gradient dynamics.
Acceleration Integration : First and second derivatives of the smoothed curve quantify velocity and acceleration, allowing the indicator to identify not only momentum flips but the force behind each shift, forming the basis for the strong-signal overlay.
The combination of these mechanisms produces an oscillator that respects the original CMO framework while delivering real-time, context-sensitive intelligence. The ±50 boundaries are selected as the statistically validated pressure zones where directional dominance exceeds neutral oscillation. Crosses and rejections at these boundaries are not arbitrary overbought/oversold events, but measurable imbalances with actionable significance.
How It Works
The Reduced-Lag CMO is constructed through a multi-stage process:
Momentum Estimation Core : Raw CMO values are calculated and then passed through a reduced-lag filter to remove delay, creating a curve that closely tracks instantaneous directional pressure.
Smoothing & Layered Representation : The filtered curve can be smoothed and split into three layers - shadow, midline, and main - giving visual depth, trajectory clarity, and curvature instead of a single-line oscillator.
Gradient-Based Pressure Mapping : Color gradients encode momentum strength and polarity. Green-yellow transitions highlight increasing upward dominance, while red-yellow transitions indicate weakening downward force.
Pressure-Zone Anchoring (±50) : The system defines statistically significant pressure zones at ±50. Moves beyond these levels reflect dominant directional control, and rejections inside the zone signal potential exhaustion.
Signal Generation : Momentum events are evaluated through velocity and acceleration. Standard signals appear as triangle markers indicating validated momentum flips. Strong signals appear as triangles with diamonds when acceleration confirms a high-conviction transition.
A cooldown rule spaces signals apart to reduce clutter and emphasize structurally meaningful events.
Interpretation
The Reduced-Lag CMO reframes momentum as a dynamic equilibrium between directional force and structural pressure:
Positive Momentum Phases : Curves above zero with green-yellow gradients indicate sustained upward pressure. Shallow retracements or midline tests denote controlled pullbacks.
Negative Momentum Phases : Curves below zero with red-yellow gradients show downward dominance. Rejections from –50 highlight potential exhaustion and reversal readiness.
Pressure-Zone Dynamics (±50) : Crosses beyond ±50 confirm dominant directional force. Meanwhile, rejections and rotations inside the zone signal structural fatigue.
Velocity & Acceleration Analysis : Rising momentum with decelerating velocity suggests fading force; acceleration alignment amplifies signal strength and forms the basis of strong signals.
Signal Architecture
The Reduced-Lag CMO produces a single event type with two intensities: a validated momentum inflection.
Standard Signals - Triangles:
Triggered by momentum flips confirmed by velocity.
Represent moderate-intensity directional changes.
Appear at zero-line crosses or ±50 rejections with aligned velocity.
Strong Signals Triangles + Diamonds:
Triggered when acceleration confirms the directional change.
Represent high-intensity, high-conviction shifts.
Rare by design; indicate robust momentum inflections.
Cooldown mechanics prevent repeated signals in short succession, emphasizing structural reliability over noise.
Strategy Integration
Trend Confirmation : Align zero-line flips with higher-timeframe directional bias.
Reversal Detection : Strong signals from ±50 zones highlight potential inflection points.
Volatility Assessment : Gradient transitions reveal strengthening or weakening momentum.
Pullback Timing : Multi-layer curvature identifies controlled retracements vs trend exhaustion.
Confluence Mapping : Pair with structure-based indicators to filter signals in context.
Technical Implementation Details
Core Engine : Classical CMO with Ehlers reduced-lag extension
Lag Reduction : Dual EMA filtering
Smoothing : Optional SMA/EMA/WMA post-filter
Multi-Layer Curve : Shadow, midline, main
Signal System : Two-tier momentum-acceleration framework
Pressure Zones : ±50 statistically validated thresholds
Cooldown Logic : Bar-indexed suppression
Gradient Mapping : Encodes magnitude and direction
Alerts : Standard and strong signals
Optimal Application Parameters
Timeframes:
1 - 5 min : Intraday momentum tracking
15 - 60 min : Trend rotations & volatility transitions
4H - Daily : Macro momentum exhaustion & re-accumulation mapping
Suggested Ranges:
CMO Length : 7 - 12
Reduced-Lag Length : 5 - 15
Smoothing : 10 - 20
Cooldown Bars : 5 - 15
Performance Characteristics
High Effectiveness:
Markets with directional pulses & clean pressure transitions
Trending phases with measurable pullbacks
Instruments with stable volatility cycles
Reduced Edge:
Choppy consolidations
Ultra-low volatility environments
Disclaimer
The Reduced-Lag Chande Momentum Oscillator is a professional-grade analytical tool. It is not predictive and carries no guaranteed profitability. Effectiveness depends on asset class, volatility regime, parameter selection, and disciplined execution. Any suggested application timeframes or recommended ranges are guidance only - they are not universally optimal and will not deliver consistent accuracy on every asset or market condition. BOSWaves recommends using it in conjunction with structure, liquidity, and momentum context.
Range Oscillator with Alerts (Anson)Range Oscillator with Alerts (Anson)
From Range Oscillator (Zeiierman)
I made a little change and added an alert function.
The oscillator maps market movement as a heat zone, highlighting when the price approaches the upper or lower range boundaries and signaling potential breakout or mean-reversion conditions. Instead of relying on traditional overbought/oversold thresholds, it uses adaptive range detection and heatmap coloring to reveal where price is trading within a volatility-adjusted band.
Bullish/Bearish Divergence DetectorUsuable on all time-frames
Indicates multiple divergences (up to 3) with the same start point/date of the divergence
WAVELAB MACDWAVELAB MACD
Overview
WAVELAB MACD is a dynamic technical tool designed to analyze MACD histogram behavior for identifying potential momentum inflection points and structural shifts in price action.
Core Logic
Tracks histogram momentum peaks and valleys to detect changes in acceleration.
Compares recent price and histogram behavior to reveal both classical and hidden divergence structures.
Applies optional trend validation filters using long-term exponential moving averages (EMA) and trend strength evaluation via ADX dynamics.
Features
MACD histogram pivot recognition
Regular and hidden momentum divergence logic
Optional EMA-based directional trend filter
Optional ADX-based trend strength filter
Signal grading system to contextualize the conditions (e.g., strong trend confirmation vs. weaker context)
Use Case
This indicator can support deeper technical analysis by highlighting moments where underlying momentum conditions shift, especially when aligned with trend confirmation filters.
