MarketSmith Indicator
This script provides you with several indicators that will enable you to mimic MarketSmith charts, even with a free TradingView plan.
You can use this script with my 'EPS & Sales' indicator.
MarketSmith-style bars
The script offers an original approach to managing candlesticks within the code, making them almost identical to those on MarketSmith.
For a perfect display, select 'Bars' on your chart and set the opacity of your candles to 100% to display only the candles proposed by this indicator.
If you don't want them, you can simply disable them in the 'Style' tab by unchecking 'MarketSmith Bars' and 'Chars'.
These candles are designed to be used with a fix chart. (No beautiful result with zooming in or out.)
Normally, the display will still be correct by right-clicking, and 'Reset Chart'.
Simple customizable moving averages
With automatic distinction of the weekly time unit. You can choose to display them or not, select the calculation method and modify their length via the panel.
The RS Rating indicator
I've integrated the RS Rating indicator into this script, as the RS Rating is a fundamental component of this layout.
High and valley points
These points are used by MarketSmith to detect bases, patterns, cup & handle.
Designed for US Market only you won't be able to screen correctly the India market for example.
You can use this script with my 'EPS & Sales' indicator.
MarketSmith-style bars
The script offers an original approach to managing candlesticks within the code, making them almost identical to those on MarketSmith.
For a perfect display, select 'Bars' on your chart and set the opacity of your candles to 100% to display only the candles proposed by this indicator.
If you don't want them, you can simply disable them in the 'Style' tab by unchecking 'MarketSmith Bars' and 'Chars'.
These candles are designed to be used with a fix chart. (No beautiful result with zooming in or out.)
Normally, the display will still be correct by right-clicking, and 'Reset Chart'.
Simple customizable moving averages
With automatic distinction of the weekly time unit. You can choose to display them or not, select the calculation method and modify their length via the panel.
The RS Rating indicator
I've integrated the RS Rating indicator into this script, as the RS Rating is a fundamental component of this layout.
High and valley points
These points are used by MarketSmith to detect bases, patterns, cup & handle.
Designed for US Market only you won't be able to screen correctly the India market for example.
הערות שחרור:
- Now 'Hide RS Line' is working
- Corrected a bug where when the current close was equal to that of the previous candle, the script colored pink, while TradingView colored blue. (Thank you @Yaron_)
- Corrected a bug where when the current close was equal to that of the previous candle, the script colored pink, while TradingView colored blue. (Thank you @Yaron_)
הערות שחרור:
- You can now customize the color of the bars
- You can now display % variation of Peak/Valley points
- You can now display % variation of Peak/Valley points
הערות שחרור:
- Added the Weekly Tight Closes Detector available on 'Mark Minervini' script
הערות שחרור:
- Now SMA/EMA colors are customizable
הערות שחרור:
- Added Optional Beta Chart Recognition Pattern
הערות שחרור:
- Corrected Graph Display
הערות שחרור:
- Corrected graph again
הערות שחרור:
- Corrected a minor bug that deleted hisotorical valid flat bases
הערות שחרור:
- Added Double Bottom Detection
- Pattern are only detected in Daily TimeFrame
- Pattern are only detected in Daily TimeFrame
הערות שחרור:
- Forgot to link the ability not to display patterns, corrected!
הערות שחרור:
- Added recent modification on the RS Rating
הערות שחרור:
- Modified label size to tiny
הערות שחרור:
- Adjust some parameters in the base formation to be closer to MarketSmith
- Corrected some bugs with the double bottom detection
- Corrected some bugs with the double bottom detection
הערות שחרור:
- Little correction for the initial depth of the creation of a base -> 35% to 40%
הערות שחרור:
- Changed default Depth and Length values to better match MarketSmith Chart Pattern Recognition system
הערות שחרור:
- Corrected Input Description for Double Bottom Depth and Length
הערות שחרור:
- Corrected some parameters for base detection
- Changed Dotted Lines to Dashed lines
- More discreet line rendering
- Changed Dotted Lines to Dashed lines
- More discreet line rendering
הערות שחרור:
- Chart updated
הערות שחרור:
- Chart Updated (Try to find a correct display)
הערות שחרור:
- Back to the previous style display because bases were hard to see
הערות שחרור:
- Added Beta Cup Detection (not Cup n Handle yet)
- Corrected bug of SPX display
- Corrected bug of SPX display
הערות שחרור:
- Corrected incorrect depth setting
הערות שחרור:
- Adaptation of offset display for sectors and indices
הערות שחרור:
- Rs Rating label adjusted
הערות שחרור:
- Added Default Blue Dot New High
הערות שחרור:
- Now we can display the rating only, eg: for smartphone display
הערות שחרור:
- Adapted the RS Rating Update!
In this update, I propose to use an option to view the historical RS Rating. This method is an approximation, as the performance environment of US equities varies over time, whereas the historical RS Rating is calculated with fixed values. However, this option can be of interest when studying past setups, and can provide relevant indications.
In this update, I propose to use an option to view the historical RS Rating. This method is an approximation, as the performance environment of US equities varies over time, whereas the historical RS Rating is calculated with fixed values. However, this option can be of interest when studying past setups, and can provide relevant indications.
הערות שחרור:
- We can add a second SMA/EMA on the RS Line.
הערות שחרור:
- Corrected the rounding of the Average Volume
הערות שחרור:
- Confused MarketSmith Volume and MarketSmith Indicator. It's late at night