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.
릴리즈 노트:
- 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_)
릴리즈 노트:
- 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
릴리즈 노트:
- Added the Weekly Tight Closes Detector available on 'Mark Minervini' script
릴리즈 노트:
- Now SMA/EMA colors are customizable
릴리즈 노트:
- Added Optional Beta Chart Recognition Pattern
릴리즈 노트:
- Corrected Graph Display
릴리즈 노트:
- Corrected graph again
릴리즈 노트:
- Corrected a minor bug that deleted hisotorical valid flat bases
릴리즈 노트:
- Added Double Bottom Detection
- Pattern are only detected in Daily TimeFrame
- Pattern are only detected in Daily TimeFrame
릴리즈 노트:
- Forgot to link the ability not to display patterns, corrected!
릴리즈 노트:
- Added recent modification on the RS Rating
릴리즈 노트:
- Modified label size to tiny
릴리즈 노트:
- 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
릴리즈 노트:
- Little correction for the initial depth of the creation of a base -> 35% to 40%
릴리즈 노트:
- Changed default Depth and Length values to better match MarketSmith Chart Pattern Recognition system
릴리즈 노트:
- Corrected Input Description for Double Bottom Depth and Length
릴리즈 노트:
- 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
릴리즈 노트:
- Chart updated
릴리즈 노트:
- Chart Updated (Try to find a correct display)
릴리즈 노트:
- Back to the previous style display because bases were hard to see
릴리즈 노트:
- Added Beta Cup Detection (not Cup n Handle yet)
- Corrected bug of SPX display
- Corrected bug of SPX display
릴리즈 노트:
- Corrected incorrect depth setting
릴리즈 노트:
- Adaptation of offset display for sectors and indices
릴리즈 노트:
- Rs Rating label adjusted
릴리즈 노트:
- Added Default Blue Dot New High
릴리즈 노트:
- Now we can display the rating only, eg: for smartphone display
릴리즈 노트:
- 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.
릴리즈 노트:
- We can add a second SMA/EMA on the RS Line.
릴리즈 노트:
- Corrected the rounding of the Average Volume
릴리즈 노트:
- Confused MarketSmith Volume and MarketSmith Indicator. It's late at night
릴리즈 노트:
- Added EPS & Sales Table due to recent TradingView free plan limitation
릴리즈 노트:
- Corrected the Comparative Symbol for Line input that wasn't correctly wired to the calculation.
릴리즈 노트:
- Removed unused input
릴리즈 노트:
For the EPS & Sales table
- Corrected shifting color to transparent of the daily table
- Corrected shifting color to transparent of the daily table
릴리즈 노트:
- Added the Maj for the EPS & Sales indicator
릴리즈 노트:
- Corrected wrong digit on the 'versus' display on sales after @B_Kaminski pointed it out