TDI Advanced Signals with EMA FilterBuy and sell signals based on the TDI also includes the EMA filter, which is optional.
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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 .
Paid Course: Trading with Price Action Volume
Paid Volume Profile Tools available here.
Bullish/Bearish Divergence DetectorUsuable on all time-frames
Indicates multiple divergences (up to 3) with the same start point/date of the divergence
Dynamic S/R Zones with Signal RatingZones are Main target, Signals are based on RSI , they are not nessry coreect but if they break useually price explode
TrendX Amila Bro
TrendX Fib + RSI Divergence is a modern trend-following + confluence-based trading tool designed to reduce false signals and improve accuracy.
It combines EMA crossover , RSI momentum , Fibonacci retracement zones , and RSI divergence to provide high-quality BUY/SELL signals.
---
🔥 Core Features
### ✅ 1. Trend Detection (EMA 9/21 by default)]
The script identifies trend shifts using fast and slow EMAs.
* BUY when Fast EMA crosses above Slow EMA + RSI confirmation
* SELL when Fast EMA crosses below Slow EMA + RSI confirmation
These are the Base Signals — always shown.
---
### ✅ 2. Fibonacci Confluence Filter (Optional)
Signals become stronger when price pulls back into key Fib zones:
* 0.5 retracement
* 0.618 golden ratio
This helps avoid chasing late entries and improves accuracy in trend pullbacks.
---
### ✅ 3. RSI Divergence Filter (Optional)
Detects both:
* Bullish Divergence → BUY
* Bearish Divergence → SELL
When divergence agrees with EMA trend shift, a Filtered BUY+/SELL+ signal is shown.
---
### ✅ 4. Two Types of Signals
✔ BUY / SELL
Base signals from EMA + RSI (appears even if filters are OFF)
✔ BUY+ / SELL+
Strong signals using
* EMA Trend
* RSI Confirmation
* Fibonacci Confluence
* RSI Divergence
These are rare but extremely high-probability entries.
---
### ✅ 5. Visual Elements
* EMAs
* Fibonacci 50% & 61.8% levels
* Divergence markers
* BUY / SELL arrows
* BUY+ / SELL+ arrows for filtered confluence entries
---
### ✅ 6. Alerts Included
You can set TradingView alerts for:
* BUY+ (strong long signal)
* SELL+ (strong short signal)
Great for mobile/Telegram alerts.
---
## 🎯 How Traders Use This
* Scalping (1m, 5m)
* Intraday (15m, 30m, 1H)
* Swing trading (4H, 1D)
Works on **Forex, Crypto, Indices, Metals, Stocks**.
---
## ⚠️ Disclaimer
No indicator guarantees 100% accuracy.
Always combine with proper risk management and market context.
---
## ⭐ Ideal For:
* Trend traders
* Pullback traders
* Divergence traders
* Anyone wanting cleaner, filtered BUY/SELL signals
---
MAG8 Breadth RSI This indicator is for my personal monitoring breadth of MAG 8 , including AVGO for use to trade spy/es and qqq/nq.
A green bar over 6 translates to 6 out of the 8 stocks have RSI's<30. Conversely a red indicator at 6 would indicate 6 out of 8 are overbought, RSI >70.
Extreme 6-8 of 8 either overbought (red) or oversold (green)
Moderate 4-5 of 8 either overbought (red) or oversold (green)
No Signal 0-3 of 8 either overbought (red) or oversold (green)
Not trading advice but thought I would share.
WTC Step Buy Step Edition CbyCarlo📊 WT Cross Modified – Step Buy Step Edition (v4)
WTC_StepBuyStep_Edition is an enhanced, practical, and optimized version of the classic WaveTrend (WT) Cross Indicator.
Developed for the Step Buy Step project, this tool helps traders identify market momentum shifts, structural price zones, and potential reversal areas with high clarity and precision.
🔍 Concept & Purpose
This indicator builds upon the established WaveTrend / LazyBear logic and extends it with additional structural intelligence.
The goal is to make overbought/oversold phases and trend reversals easier to spot — while also highlighting historically validated price zones where the market has previously reacted strongly.
⚙️ Key Features
1️⃣ WT Cross Signals
WT1 (yellow) and WT2 (purple) visualize market momentum.
A WT1 cross above WT2 while below the Oversold zone (−53) can indicate potential Long opportunities.
A WT1 cross below WT2 while above the Overbought zone (+53) can indicate potential Short opportunities.
Signals only confirm after candle close to prevent repainting.
2️⃣ Dynamic “WT SignalZone” Panel
Displayed in the top-right corner, this panel shows the last three valid price levels derived from WT signals:
🟢 LonLev – Buy support levels from previous WT Long signals
🔴 ShoLev – Sell resistance levels from previous WT Short signals
These zones act as objective support/resistance structures, based on historical momentum turning points — not subjective lines.
3️⃣ Flexible Calculation Modes
Choose how levels are derived from each WT signal:
Pullback 50% → Midpoint of the signal candle (high+low)/2
Close → Close price of the signal candle
Next Open → Open of the following bar (ideal for system testing)
📈 How to Interpret the Indicator
Market Condition WT Event Meaning
WT1 < −53 & CrossUp Long Signal Potential reversal / buy zone
WT1 > +53 & CrossDown Short Signal Potential exhaustion / sell zone
Price revisits LonLev Support Re-entry or bounce zone
Price revisits ShoLev Resistance Profit-taking or short setup zone
This makes the tool highly effective for:
Swing traders
Zone-based trading strategies
Systematic re-entries
Identifying structural turning points
🧠 Advantages
No repainting (signals confirmed only after bar close)
Works on all timeframes (from intraday to weekly)
Clean overview without clutter or excessive chart markers
Excellent as a filter to confirm market context
💬 Best Use Case
Use WTC_StepBuyStep_Edition as a contextual confirmation tool.
It does not replace a full trading system — but it gives you objective, repeatable, and statistically relevant zones where the market has reacted before.
Combine it with price action, volume analysis, or trend tools for even stronger setups.
© Step Buy Step • Step-Buy-Step.com
Educational trading tool intended for market analysis.
Not financial advice.
RSI Maniac
RSI Maniac
A powerful, fully-customizable RSI indicator designed for traders who want deeper insight into momentum across multiple timeframes. This indicator enhances the traditional RSI by adding multi-timeframe analysis, multi-timeframe moving averages, and optional Bollinger Bands applied directly on the RSI curve.
----- Key Features -----
1️⃣ Multi-Timeframe RSI (HTF RSI) : Analyse higher-timeframe momentum while staying on your current chart.
Enable/Disable HTF RSI
Select any timeframe (1m → 1M)
Dedicated RSI length & source for HTF
Great for spotting:
Trend confirmation or divergence between LTF & HTF momentum
2️⃣ Multi-Timeframe Moving Averages : A powerful addition for traders using higher timeframe confirmation.
Enable/Disable HTF MAs
Independent Fast & Slow MA settings
Separate HTF timeframe
Separate MA type for HTF (EMA or HMA)
Great for spotting:
HTF RSI trend direction
HTF momentum overlays on LTF RSI
Cross-timeframe momentum alignment
🎛️ Clean & Organized User Interface : The indicator organizes settings into intuitive groups.
Current Timeframe RSI
Current Timeframe MA
Higher Timeframe RSI
Higher Timeframe MA
Bollinger Bands Settings
Traders can toggle any component independently.
How to trade ?
Based on my approach, I don’t use RSI to catch reversals. Instead, I use it to trade continuations—when the lower timeframe (LTF) RSI aligns with the higher timeframe (HTF) trend. I simply wait for the LTF RSI to move in the same direction as the HTF RSI and then take the continuation trade. Please check the snapshots for a clearer understanding of how these trades work.
Trade less, trade better!
AURORA LEGACY INDICATOR
The AURORA LEGACY is an advanced indicator developed in Pine Script v6 for the TradingView platform, designed to integrate multiple approaches of technical analysis into a single modular and customizable system. Its architecture combines classic elements, such as exponential moving averages (EMA Ribbon), RSI, and ATR, with modern tools inspired by Smart Money Concepts (SMC), including Supply & Demand zones, Break of Structure (BOS), and Points of Interest (POI).
The indicator is structured to provide traders with flexibility, offering pre-configured trading profiles (Scalper, Day Trade, Swing Trade, Sniper) or full manual customization of moving averages. The dynamic Ribbon serves as the core of trend analysis, supported by additional confluences through secondary moving averages (VWMA, LWMA, SMMA) and volatility filters based on ATR.
Key features include:
Trend & Signal System: detection of reversals and trend confirmations through Ribbon color alignment, with automated buy/sell alerts.
Automated Risk Management: dynamic calculation of entry levels, Stop Loss (SL), and multiple Take Profits (TPs), displayed on chart with labels and risk-reward ratio (R:R).
Multi-Timeframe (MTF) Trend Table: consolidated overview of trend, RSI, and volatility (ATR) across different timeframes (5M, 15M, 1H, 4H, Daily).
Smart Money Concepts Integration: automatic detection and marking of Supply & Demand zones, BOS, market structure zigzag, and points of interest.
Complementary Tools: customizable RSI signals by profile, daily support and resistance levels, CPR levels, and visual session markers (London, New York) including overlap zones.
This system was designed to provide a holistic trading approach, combining price action, volatility, indicator confluence, and institutional concepts to support traders of different profiles in making clearer and more precise decisions.
Enhanced Multi-Indicator StrategyEnhanced Multi-Indicator Strategy v7 is a trend-following confirmation tool that combines several classic indicators into one clear “voting system.”
Instead of relying on a single signal, this script counts how many indicators agree on a bullish or bearish bias and only fires when the majority lines up and the trend is strong.
It’s designed to help you:
Filter out low-quality signals
Avoid trading against the dominant trend
Get clean, one-time BUY/SELL markers instead of noisy spam signals
How it Works
The indicator evaluates up to 10 components on each bar:
Trend & Structure
Moving Average (MA 50)
EMA Fast (20) vs EMA Slow (50)
Momentum
RSI (14)
MACD (12/26/9)
KDJ
Volatility & Price Location
Bollinger Bands (20, 2)
VWAP
Volume
Volume vs Volume MA (20)
Trend Strength & Direction
ADX + DMI (trend strength and up/down direction)
Optional
Ichimoku Cloud (price vs Senkou A/B)
Each indicator votes bullish or bearish.
The script then:
Counts how many are bullish → bullish_count
Counts how many are bearish → bearish_count
Requires at least Min Indicators for Entry (user-defined) to agree in one direction
Requires ADX above a threshold (default 20) to confirm trend strength
(Optionally) forces entries to follow the DMI trend:
Longs only in uptrends
Shorts only in downtrends
Only when these conditions are met does the script consider a valid long zone or short zone.
Signals: 1x Fire + Cooldown
To keep the chart clean and prevent over-trading:
A BUY arrow is plotted only on the first bar when price enters a new bullish zone.
A SELL arrow is plotted only on the first bar when price enters a new bearish zone.
A cooldown (in bars) can be configured separately for BUY and SELL so the script will not fire again in the same direction too frequently.
Background colors (optional):
Green background = bullish zone (majority indicators bullish + strong trend)
Red background = bearish zone (majority indicators bearish + strong trend)
This makes it easy to see when the “environment” is favorable for longs or shorts, while the arrows highlight the first opportunity in each zone.
Inputs & Tuning
Key inputs:
Min Indicators for Entry – how many indicators must agree (e.g. 5–7 for stricter filtering)
Strict Trend Filter – if enabled, entries must follow DMI trend (recommended for trend-following)
Cooldown BUY / SELL – minimum number of bars before a new signal in the same direction
Toggles to enable/disable each component (MA, EMA, RSI, MACD, KDJ, BB, Volume, VWAP, ADX, Ichimoku)
General ideas:
Increase Min Indicators for Entry and/or cooldown to reduce the number of signals and focus on stronger trends.
Lower values will make the indicator more active, suitable for shorter-term trading or scalping.
Important Note
This is an indicator, not a full trading system:
It does not manage entries/exits, position sizing, or risk by itself.
Always combine it with your own risk management, stop-loss / take-profit rules, and higher-timeframe context.
Use it as a confirmation / regime tool:
Trade only in the direction of the active zone,
Take BUY signals during bullish regimes,
Take SELL signals during bearish regimes.
BIAS RSI STOCH MACD Displaysimple but effective to prevent chart clutter.
Hi Traders! Today I’m showing you a **custom indicator** that combines **BIAS, RSI, Stochastic, and MACD** in one easy-to-read panel. Let’s break it down:
1️⃣ **BIAS** – Shows how far the price is from its moving average.
* Positive BIAS → price is above the average.
* Negative BIAS → price is below the average.
2️⃣ **RSI (Relative Strength Index)** – Measures momentum.
* Above 70 → overbought
* Below 30 → oversold
* **50 line added** → midpoint for trend direction
3️⃣ **Stochastic (STOCH)** – Confirms momentum like RSI.
* Above 80 → overbought
* Below 20 → oversold
4️⃣ **MACD (Moving Average Convergence Divergence)** – Shows trend and momentum.
* Histogram colors indicate strength
* Lines show trend direction
5️⃣ **Visual Table** – On the top right, you can see all current indicator values at a glance, with color coding for easy interpretation.
6️⃣ **Plots & Levels** –
* BIAS, RSI, Stoch are plotted clearly
* RSI has **midline at 50** for trend reference
* Standard overbought/oversold levels highlighted
✅ **How to Use:**
* Look for RSI or Stoch crossing midline or extreme levels for potential entries.
* Check MACD histogram and lines for confirmation of trend strength.
* Use BIAS to see if price is stretched from the moving average.
This indicator is perfect for **momentum, trend, and mean-reversion traders**, giving multiple signals in one pane without clutter.
---
Smart TP Manager - FREE Edition📘 Smart TP Manager - User Guide
🎯 Parameter Adaptation by Timeframe
IMPORTANT: Default parameters are optimized for M5 (5 minutes). If you trade on other timeframes, you MUST adapt the parameters for better results.
📊 Recommended Settings Table
M1 (1 minute) - Ultra Scalping
ATR SL Multiplier: 1.5 - 1.8
Number of TPs: 3 - 4
Base RR: 0.4 - 0.5
Confirmation Bars: 2
Cooldown: 3 - 5 bars
Breakeven: Enable after TP1
Profile: Very fast trades, immediate exits, tight SL
M5 (5 minutes) - Scalping ✅ DEFAULT
ATR SL Multiplier: 1.8 - 2.0
Number of TPs: 4 - 5
Base RR: 0.5 - 0.6
Confirmation Bars: 2 - 3
Cooldown: 5 - 8 bars
Breakeven: Enable after TP1 or TP2
Profile: Standard scalping, balance between speed and security
M15 (15 minutes) - Intraday
ATR SL Multiplier: 2.0 - 2.2
Number of TPs: 5 - 6
Base RR: 0.6 - 0.8
Confirmation Bars: 3
Cooldown: 8 - 10 bars
Breakeven: Enable after TP2
Profile: Intraday trading, 3-8 trades per day
H1 (1 hour) - Swing
ATR SL Multiplier: 2.2 - 2.5
Number of TPs: 5 - 6
Base RR: 0.8 - 1.0
Confirmation Bars: 3 - 4
Cooldown: 10 - 15 bars
Breakeven: Enable after TP2 or TP3
Profile: Swing trading, 1-3 trades per day
H4 (4 hours) - Position
ATR SL Multiplier: 2.5 - 3.0
Number of TPs: 6
Base RR: 1.0 - 1.2
Confirmation Bars: 4 - 5
Cooldown: 15 - 20 bars
Breakeven: Enable after TP3
Profile: Position trading, multi-day trades
🔍 Adaptation Logic
General Rule:
LOWER Timeframe → TIGHTER Parameters
HIGHER Timeframe → WIDER Parameters
Why Adapt?
1. ATR SL Multiplier
M1: Very volatile market, fast moves → Tight SL (1.5-1.8)
H4: Slow moves, breathing room needed → Wide SL (2.5-3.0)
2. Number of TPs
M1: Quick exits before reversal → 3-4 TPs
H4: Let profits run → 6 TPs
3. Base RR
M1: Close targets, quick exits → 0.4-0.5
H4: Ambitious targets, patience → 1.0-1.2
4. Confirmation Bars
M1: Fast entry, 2 candles enough
H4: Strong confirmation needed, 4-5 candles
5. Cooldown
M1: Multiple trades per hour possible → 3-5 bars
H4: Important spacing between trades → 15-20 bars
6. Breakeven
M1: Immediate protection after TP1
H4: Let trade breathe, BE after TP3
💡 Real Examples
Example 1: Gold M1 Scalping
Goal: 10-20 trades/day, ultra-fast exits
Recommended Parameters:
- ATR SL: 1.6
- TPs: 4
- Base RR: 0.5
- Confirmation: 2
- Cooldown: 5
- BE: ON after TP1
Expected Results:
- Winrate: 40-50%
- Net P/L: +3 to +6R per day
- SL: 10-15 pips
- TP1: 5-8 pips (quick exit)
Example 2: Gold M15 Day Trading
Goal: 3-6 trades/day, let it breathe
Recommended Parameters:
- ATR SL: 2.1
- TPs: 5
- Base RR: 0.7
- Confirmation: 3
- Cooldown: 10
- BE: ON after TP2
Expected Results:
- Winrate: 50-60%
- Net P/L: +5 to +10R per day
- SL: 20-30 pips
- TP1: 14-21 pips
Example 3: Gold H1 Swing Trading
Goal: 1-2 trades/day, maximum patience
Recommended Parameters:
- ATR SL: 2.4
- TPs: 6
- Base RR: 0.9
- Confirmation: 4
- Cooldown: 12
- BE: ON after TP2
Expected Results:
- Winrate: 55-65%
- Net P/L: +8 to +15R per week
- SL: 40-60 pips
- TP1: 36-54 pips
⚠️ Common Mistakes to Avoid
❌ MISTAKE #1: Using same parameters on all timeframes
M1 with ATR SL 2.5 → SL too wide, huge losses
H4 with ATR SL 1.5 → SL too tight, constant stop outs
❌ MISTAKE #2: Too many TPs on low timeframe
M1 with 6 TPs → Impossible to reach all TPs
❌ MISTAKE #3: Too long confirmation on M1
M1 with 5 confirmation bars → Misses all fast moves
❌ MISTAKE #4: Too short cooldown on H4
H4 with 3 bars cooldown → Overtrading, too many poor-quality trades
🎯 Testing Methodology
Step 1: Start with recommended values
Use the table above according to your timeframe
Step 2: Backtest on minimum 100 trades
Observe:
Winrate
Net P/L in R
Number of BE hits
Trade frequency
Step 3: Adjust based on results
If too many SL hits:
↑ Increase ATR SL Multiplier by +0.2
↑ Increase Confirmation Bars by +1
If not enough trades:
↓ Reduce Cooldown by -2
↓ Reduce Confirmation Bars by -1
If TPs never reached:
↓ Reduce Number of TPs by -1
↓ Reduce Base RR by -0.1
If too many BE but no real wins:
↑ Increase Base RR by +0.1
Disable BE temporarily
📈 Performance Tracking
Key indicators by timeframe:
TFTrades/DayMin WinrateNet P/L/DayAvg SL (pips)M110-2040%+3R10-15M55-1245%+4R15-20M153-850%+5R20-30H11-455%+3R40-60H40.5-260%+2R80-120
🚀 Final Advice
DO NOT USE THE SAME PARAMETERS ON DIFFERENT TIMEFRAMES!
Each timeframe has its own dynamics. Adapting parameters is not optional, it's MANDATORY for optimal results.
Different timeframe = Different parameters = Different results
Quick Reference Chart
M1 → AGGRESSIVE (tight SL, few TPs, quick BE)
M5 → BALANCED (default settings)
M15 → MODERATE (wider SL, more TPs)
H1 → PATIENT (wide SL, max TPs, late BE)
H4 → CONSERVATIVE (very wide SL, all TPs, very late BE)
📝 Best Practices
Always backtest on your specific timeframe before live trading
Start conservative - use higher ATR multipliers first
Track your stats - Wins, Losses, BE, Net P/L
Adjust gradually - change one parameter at a time
Respect your timeframe - don't force H4 parameters on M1
Use breakeven wisely - protect profits but don't choke trades
Monitor cooldown - too many trades = lower quality
🎓 Understanding the Strategy
EMA 9/21 Crossover
BUY: EMA9 crosses above EMA21
SELL: EMA9 crosses below EMA21
RSI Filter
Avoids overbought (>70) for longs
Avoids oversold (<30) for shorts
Confirmation System
Requires X consecutive candles meeting conditions
Reduces false signals
Take Profit Structure
Non-linear TP levels
TP1: 0.5R (default)
TP2: 1.0R
TP3: 1.5R
TP4: 2.0R
TP5: 2.5R
Risk Management
ATR-based stop loss (adapts to volatility)
Optional breakeven after specified TP
Cooldown prevents overtrading
🌟 Pro Tips
Gold (XAUUSD) specific: Use tighter parameters than forex pairs
NY Session: More volatility, tighter SL recommended
Asian Session: Lower volatility, consider skipping or wider SL
News events: Increase cooldown before/after major news
Trending markets: Increase Number of TPs
Ranging markets: Decrease Number of TPs, faster exits
Happy Trading! 🎯
Remember: Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.
Multitimeframe Stochastic RSIIndicator is Combining 4 different timeframe Stochastic RSI and show buy signal when all of them are oversold and sell signal when all of them are overbought.
Default settings are set up for 15 minute timeframe:
K1 - 15M (period = 14)
K2 - 30M (period = 28)
K3 - 1H (period = 56)
K4 - 2H (period = 112)
It indicates top and bottoms of given period.
Its good to use as a confirmation indicator.
Feel free to comment and use it.
Greetings!
Market Extreme Zones IndexThe Market Extreme Zones Index is a new mean reversion (valuation) tool focused on catching long term oversold/overbought zones. Combining an enhanced RSI with a smoothed Z-score this indicator allows traders to find oppurtunities during highly oversold/overbought zones.
I will separate the explanation into the following parts:
1. How does it work?
2. Methodologies & Concepts
3. Use cases
How does it work?
The indicator attempts to catch highly unprobable events in either direction to capture reversal points over the long term. This is done by calculating the Z-Score of an enhanced RSI.
First we need to calculate the Enhanced RSI:
For this we need to calculate 2 additional lengths:
Length1 = user defined length
Length2 = Length1/2
Length3 = √Length
Now we need to calculate 3 different RSIs:
1st RSI => uses classic user defined source and classic user defined length.
2nd RSI => uses classic user defined source and Length 2.
3rd RSI => uses RSI 2 as source and Length 2
Now calculate the divergence:
RSI_base => 2nd RSI * 3 - 1st RSI - 3rd RSI
After this we need to calculate the median of the RSI_base over √Length and make a divergence of these 2:
RSI => RSI_base*2 - median
All that remains now is the Z-score calculations:
We need:
Average RSI value
Standard Deviation = a measure of how dispersed or spread out a set of data values are from their average
Z-score = (Current Value - Average Value) / Standard Deviation
After this we just smooth the Z-score with a Weighted Moving average with √Length
Methodology & Concepts
Mean Reversion Methodology:
The methodology behind mean reversion is the theory that asset prices will eventually return to their long-term average after deviating significantly, driven by the belief that extreme moves are temporary.
Z-Score Methodology:
A Z-score, or standard score, is a statistical measure that indicates how many standard deviations a data point is from the mean of a dataset. A positive z-score means the value is above the mean, a negative score means it's below, and a score of zero means the value is equal to the mean.
You might already be able to see where I am going with this:
Z-Score could be used for the extreme moves to capture reversal points.
By applying it to the RSI rather than the Price, we get a more accurate measurement that allow us to get a banger indicator.
Use Cases
Capturing reversal points
Trend Direction
- while the main use it for mean reversion, the values can indicate whether we are in an uptrend or a downtrend.
Advantages:
Visualization:
The indicator has many plots to ensure users can easily see what the indicator signals, such as highlighting extreme conditions with background colors.
Versatility:
This indicator works across multiple assets, including the S&P500 and more, so it is not only for crypto.
Final note:
No indicator alone is perfect.
Backtests are not indicative of future performance.
Hope you enjoy Gs!
Good luck!
Swing Trade BUY/SELL + SCORING +COLOUR FIXBUY/SELL labels now appear with a score (1–3) next to them.
Color coding visually distinguishes signal strength:
BUY → 1 yellow, 2 light green, 3 dark green
SELL → 1 orange, 2 red, 3 burgundy
This allows you to instantly see the signal strength both numerically and visually.
Swing Trade AL/SAT + Güç Derecesi_huğurlu
Weak signal → MACD crossover only.
Moderate signal → MACD crossover + RSI confirmation.
Strong signal → MACD crossover + RSI + Stoch RSI confirmation.
BUY/SELL labels appear on the chart in different colors and sizes.
This way, you can instantly see which signal is more reliable.
Zayıf sinyal → sadece MACD kesişim var
Orta sinyal → MACD kesişim + RSI teyidi.
Güçlü sinyal → MACD kesişim + RSI + Stoch RSI teyidi.
RSI OB & MACD Point Down or Crossed - PSPine script screener indicator for RSI OB and MACD point down or cross.






















