Ratio-Adjusted McClellan Summation Index RASI NASIRatio-Adjusted McClellan Summation Index (RASI NASI)
In Book "The Complete Guide to Market Breadth Indicators" Author Gregory L. Morris states
"It is the author’s opinion that the McClellan indicators, and in particular, the McClellan Summation Index, is the single best breadth indicator available. If you had to pick just one, this would be it."
What It Does: The Ratio-Adjusted McClellan Summation Index (RASI) is a market breadth indicator that tracks the cumulative strength of advancing versus declining issues for a user-selected exchange (NASDAQ, NYSE, or AMEX). Derived from the McClellan Oscillator, it calculates ratio-adjusted net advances, applies 19-day and 39-day EMAs, and sums the oscillator values to produce the RASI. This indicator helps traders assess market health, identify bullish or bearish trends, and detect potential reversals through divergences.
Key features:
Exchange Selection : Choose NASDAQ (USI:ADVN.NQ, USI:DECL.NQ), NYSE (USI:ADVN.NY, USI:DECL.NY), or AMEX (USI:ADVN.AM, USI:DECL.AM) data.
Trend-Based Coloring : RASI line displays user-defined colors (default: black for uptrend, red for downtrend) based on its direction.
Customizable Moving Average: Add a moving average (SMA, EMA, WMA, VWMA, or RMA) with user-defined length and color (default: EMA, 21, green).
Neutral Line at Zero: Marks the neutral level for trend interpretation.
Alerts: Six custom alert conditions for trend changes, MA crosses, and zero-line crosses.
How to Use
Add to Chart: Apply the indicator to any TradingView chart. Ensure access to advancing and declining issues data for the selected exchange.
Select Exchange: Choose NASDAQ, NYSE, or AMEX in the input settings.
Customize Settings: Adjust EMA lengths, RASI colors, MA type, length, and color to match your trading style.
Interpret the Indicator :
RASI Line: Black (default) indicates an uptrend (RASI rising); red indicates a downtrend (RASI falling).
Above Zero: Suggests bullish market breadth (more advancing issues).
Below Zero : Indicates bearish breadth (more declining issues).
MA Crosses: RASI crossing above its MA signals bullish momentum; crossing below signals bearish momentum.
Divergences: Compare RASI with the market index (e.g., NASDAQ Composite) to identify potential reversals.
Large Moves : A +3,600-point move from a low (e.g., -1,550 to +1,950) may signal a significant bull run.
Set Alerts:
Add the indicator to your chart, open the TradingView alert panel, and select from six conditions (see Alerts section).
Configure notifications (e.g., email, webhook, or popup) for each condition.
Settings
Market Selection:
Exchange: Select NASDAQ, NYSE, or AMEX for advancing/declining issues data.
EMA Settings:
19-day EMA Length: Period for the shorter EMA (default: 19).
39-day EMA Length: Period for the longer EMA (default: 39).
RASI Settings:
RASI Uptrend Color: Color for rising RASI (default: black).
RASI Downtrend Color: Color for falling RASI (default: red).
RASI MA Settings:
MA Type: Choose SMA, EMA, WMA, VWMA, or RMA (default: EMA).
MA Length: Set the MA period (default: 21).
MA Color: Color for the MA line (default: green).
Alerts
The indicator uses alertcondition() to create custom alerts. Available conditions:
RASI Trend Up: RASI starts rising (based on RASI > previous RASI, shown as black line).
RASI Trend Down: RASI starts falling (based on RASI ≤ previous RASI, shown as red line).
RASI Above MA: RASI crosses above its moving average.
RASI Below MA: RASI crosses below its moving average.
RASI Bullish: RASI crosses above zero (bullish market breadth).
RASI Bearish: RASI crosses below zero (bearish market breadth).
To set alerts, add the indicator to your chart, open the TradingView alert panel, and select the desired condition.
Notes
Data Requirements: Requires access to advancing/declining issues data (e.g., USI:ADVN.NQ, USI:DECL.NQ for NASDAQ). Some symbols may require a TradingView premium subscription.
Limitations: RASI is a medium- to long-term indicator and may lag in volatile or range-bound markets. Use alongside other technical tools for confirmation.
Data Reliability : Verify the selected exchange’s data accuracy, as inconsistencies can affect results.
Debugging: If no data appears, check symbol validity (e.g., try $ADVN/Q, $DECN/Q for NASDAQ) or contact TradingView support.
Credits
Based on the Ratio-Adjusted McClellan Summation Index methodology by McClellan Financial Publications. No external code was used; the implementation is original, inspired by standard market breadth concepts.
Disclaimer
This indicator is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Conduct your own research and combine with other tools for informed trading decisions.
Kitaran
Smart Money Index Intraday (by CapitalCore)This indicator identifies imbalance zones (Fair Value Gaps) — key levels where price demonstrates significant gaps between supply and demand. It is designed for intraday trading and helps determine precise entry levels, as well as stop-loss and take-profit levels.
Key Features:
Automatic identification of bullish and bearish imbalances based on gap analysis in candle extremes
Volume-based signal filtering for improved accuracy (with customizable on/off parameters)
Display of specific entry levels (long entry / short entry) with price
Calculation and visualization of stop-loss and take-profit levels with customizable stop size
Integration with TradingView alert system for timely trading signal notifications
Compact indicator display directly on the chart without overlapping candles — histogram below the chart
Target Audience: The indicator is suitable for traders working on intraday timeframes (1m, 5m, 15m) who want to improve entry precision using Smart Money zones and volume filters.
Patrón Mecha ProfundaThis pattern must be combined with a 20-period moving average. It is used to know the direction of the price. When the pattern appears and the price is above the 20-period moving average, it is a bullish signal and vice versa.
Apertura de Franckfurt, Londres, vertical/punteadaThis indicator draws customizable vertical lines on the chart to mark two specific local times (default 8:00 AM and 9:00 AM).
Easily adjust the UTC offset to fit any time zone.
Configure the times in 24-hour format for precise customization.
Lines are drawn directly on the chart, visually highlighting key market openings or daily events.
Each line's color is fully customizable via the settings panel.
Lines use a dotted style for clear yet unobtrusive visualization.
Ideal for traders who want to mark market opens or important time-based events across different time zones.
Peak & Valley Screener RadarThis Pine Script indicator is designed to help traders and investors analyze the percentage distance of stock prices from their recent All-Time High (ATH) and All-Time Low (ALH) over a user-defined number of bars.
It functions as a multi-stock screener, scanning a customizable list of stocks (default: 40 BIST 500 stocks) and displaying results in a dynamic table on the chart.
The script identifies stocks that have pulled back more than a specified percentage from their ATH (potential buying opportunities) or risen less than a specified percentage from their ALH (potential caution zones).
Key Features:
Customizable Stock List: Users can input a comma-separated list of stock tickers (e.g., "AAPL,GOOGL,MSFT") to scan any symbols available on TradingView.
User-Defined Parameters: Adjust the lookback period (bars back, default 250), ATH pullback threshold (default 10%), and ALH rise threshold (default 10%).
Dynamic Table Display: Results are shown in a table with two columns: "Distance to TOP" (ATH pullbacks in red) and "Distance to BOTTOM" (ALH rises in green). The table includes input parameters for quick reference and can be positioned anywhere on the chart (top/bottom left/center/right).
Optional Plots: Toggle plots to visualize the percentage distances for the current chart symbol (red for ATH, green for ALH).
Efficient Data Handling: Uses request.security with tuples for optimized multi-symbol data fetching, supporting up to ~80 stocks without exceeding Pine Script limits (adjust table rows if needed for more).
Real-Time Updates: The table updates only on the last bar for performance efficiency.
How It Works:
The script calculates the highest high and lowest low over the specified bars for each stock.
It computes the percentage difference from the current close: negative for ATH (pullback) and positive for ALH (rise).
Stocks meeting the thresholds are listed in the table with their exact percentages.
Usage Tips:
Apply this indicator to any chart (e.g., a BIST index or stock) to run the screener in the background.
Ideal for swing traders scanning for undervalued stocks near ATH or overbought near ALH.
Note: Performance may vary with large stock lists due to TradingView's security call limits (~40-50 calls per script). Test with smaller lists if needed.
You can bypass the 40-stock limit by adding the indicator twice to the chart, entering 40 different stocks in the second indicator and setting a different table position from the first one, allowing you to scan 80 stocks simultaneously. In fact, this way, you can scan as many stocks as your plan's limits allow.
This script is released under the Mozilla Public License 2.0. Feedback and suggestions are welcome, but please adhere to TradingView's House Rules—no guarantees of profitability, use at your own risk.Disclaimer: This is not financial advice. Past performance does not predict future results. Always conduct your own research.
Patrón Mecha Profunda
This pattern must be combined with a 20-period moving average. It is used to know the direction of the price. When the pattern appears and the price is above the 20-period moving average, it is a bullish signal and vice versa.
above or below closing after previous candel trend Strategy Explanation: "Show Green Arrow Below Candle After Red Arrow Above Candle"
This indicator highlights specific trading conditions on a chart using red and green arrows based on the relationship between a candle's closing price and the previous candle's high and low. Its primary purpose is to provide visual cues for potential reversal points or trend continuation opportunities without redundancy (avoiding consecutive signals).
How the Indicator Works:
Red Arrow (Above the Candle):
A red downward arrow is plotted above a candle when the current candle closes below the previous candle's low.
The red arrow signals a potential bearish movement or downward breakout, indicating weakness in price action.
Green Arrow (Below the Candle):
A green upward arrow is plotted below a candle when the current candle closes above the previous candle's high.
However, a green arrow only appears after a red arrow, indicating a potential bullish reversal or upward breakout following bearish price action.
Avoiding Redundant Signals:
The script ensures that there are no consecutive signals of the same color:
No consecutive green arrows are displayed even if multiple candles close above their respective highs.
No consecutive red arrows are displayed even if multiple candles close below their respective lows.
This prevents unnecessary clutter on the chart and focuses solely on transitions from bearish to bullish signals.
Trading Interpretation:
Red Arrows (Bearish Signal):
A red arrow indicates a bearish sentiment, as the current candle closes below the previous low. This may indicate a potential area to:
Initiate a short position if it aligns with your trading strategy.
Exercise caution and wait for the next signal if you’re already holding a long position.
Green Arrows (Bullish Reversal):
A green arrow signals bullish strength, as the current candle closes above the previous high, but only after price has shown bearish weakness (i.e., a red arrow). This may be a good area to:
Initiate a long position if it aligns with your strategy.
Look for signs of trend reversal or upside confirmation.
Scenarios to Use This Indicator:
This indicator fits well when trying to identify key moments of trend reversals or significant breakout levels. For instance:
Trend Reversal:
A red arrow may indicate the start of bearish momentum.
The first green arrow after the red arrow might signal a reversal from bearish to bullish momentum.
Consolidation and Breakout:
This indicator can help identify situations where price closes decisively above or below key points (previous highs/lows), which can suggest either breakout trades or fakeout signals depending on market reaction.
When NOT to Use This Indicator:
In highly choppy or ranging markets, where price action constantly oscillates above and below the previous high or low without establishing a clear trend. This can lead to false signals and poor trade setups because the market lacks a directional bias.
Best Practices:
Combine with Other Indicators:
Use this indicator in combination with trend-following indicators like Moving Averages, RSI (Relative Strength Index), or Bollinger Bands for confirmation.
Pair it with support and resistance levels to identify high-probability entries.
Adjust to Your Trading Style:
Day Traders: Use this on smaller timeframes (e.g., 5-minute, 15-minute).
Swing Traders: Use this on higher timeframes for stronger signals (e.g., hourly, daily).
Risk Management:
Always set stop-loss levels based on recent highs/lows or volatility metrics.
Position size appropriately to manage risk for potential false signals.
Summary of the Indicator Logic:
Plots red arrows above candles when:
The candle closes below the previous candle’s low.
Plots green arrows below candles when:
The candle closes above the previous candle’s high.
Only after a red arrow has appeared (no redundant green arrows).
Ensures no consecutive red or green arrows, focusing only on signal transitions (red → green).
This indicator helps traders identify potential trend changes and breakout points without cluttering the chart with excessive signals, making it a clean and straightforward addition to any trading strategy.
Hossa + Fear & Greed Combo [by Adi]This analytical tool combines two market assessment methods:
1. Bull Market — analysis of a potential “bull market” phase (growth and euphoria phase) and the risk of its end or the emergence of a speculative bubble.
2. Fear & Greed Index — a market sentiment indicator based on RSI and volume, showing levels of extreme fear or greed.
The script displays signals, chart backgrounds, information panels, and generates alerts for important market situations.
Details of each part
1. Input Parameters
• Bull Market:
o h_rsiLength — RSI length (default 14).
o h_rsiOverbought — RSI overbought level (default 70).
o h_maLength — moving average (MA) length (default 20).
o h_volLookback — volume average lookback period (10).
o h_bubbleMult — volume multiplier to detect a bubble (1.5).
o h_accelLookback — lookback period for price acceleration detection (5).
o Options to show signals, background, panel, and trend strength bar.
• Fear & Greed:
o fg_rsiLength — RSI length (14).
o fg_volLength — volume average length (20).
o Option to show colored background.
2. Bull Market Calculations
• RSI based on closing price.
• MA based on closing price.
• Average volume.
• Price acceleration (percentage price change relative to 5 bars ago).
Based on these, phases are defined as:
• Euphoria: RSI > 70 and price > MA — strong growth, potential bull market.
• Risk zone: RSI > 70 but price below MA and declining volume — possible bull market end.
• Speculative bubble: rapid price increase (>10% in 5 bars) and high volume (>1.5x average) — risk of a “bubble.”
The script also calculates how many days the current bull market has lasted and estimates the average length of previous euphoria phases and the probability of its end.
3. Bull Market Visualization
• Colored backgrounds on the chart: orange (euphoria), red (risk), purple (bubble).
• Chart markers (triangles) indicating risk of bull market end and bubble.
• Text panel showing current market state (phase, duration, average bull market length, probability, and estimated time to end).
• Histogram bar showing trend strength (orange, red, purple, or gray).
4. Bull Market Alerts
• Alert for possible bull market end.
• Alert for detected speculative bubble.
• Alert for exiting the euphoria phase.
5. Fear & Greed Calculations
• Calculation of RSI and volume (relative to average) to derive the market sentiment index.
• Index normalized to range 0–100, where:
o <25 = extreme fear,
o 25–75 = neutral,
o 75 = extreme greed.
6. Fear & Greed Visualization
• Colored background (red for fear, green for greed).
• Histogram of the index with horizontal lines at 25, 50, and 75.
• Alerts for extreme values (fear <25, greed >75).
Summary
The script allows comprehensive market analysis combining:
• Technical assessment of upward trends and possible turning points (bull market, bubble, risk of bull market end).
• Psychological evaluation of investor sentiment (Fear & Greed Index).
This helps traders gain a clearer picture of whether the market is in euphoria or approaching a correction or crash.
The script works best on the daily timeframe (1D).
NY Session Open Levels This indicator automatically draws horizontal lines at the opening prices of the New York trading session at 08:30, 09:30, and 10:00 AM NY time. Each line is labeled and extended to the right, providing clear reference points for key intraday levels. The lines and labels reset daily and are ideal for identifying reaction zones during the early U.S. trading hours.
NY Session Open Levels mit LabelsThis indicator automatically draws horizontal lines at the opening prices of the New York trading session at 08:30, 09:30, and 10:00 AM NY time. Each line is labeled and extended to the right, providing clear reference points for key intraday levels. The lines and labels reset daily and are ideal for identifying reaction zones during the early U.S. trading hours.
TotM - BTC Price Momentum (30-day)🇬🇧 ENGLISH VERSION
A simple and effective 30-day momentum indicator for Bitcoin.
This indicator calculates the 30-day price momentum of Bitcoin, expressed as a percentage change from the closing price 30 bars ago. It's a lightweight and visual tool to assess short-term strength or overheating of price movements.
🟦 Blue = positive momentum
🔴 Red = overheated (> +40%)
⚫ Gray = negative momentum
Reference lines at 0% and 40% mark equilibrium and overbought zones.
Feel free to customize it for other assets or timeframes.
For educational use only – not financial advice.
FLD Area - Future Lines of Demarcation by Nibbio996FLD Area v12 - Future Lines of Demarcation
Overview
Advanced FLD (Future Lines of Demarcation) indicator with area visualization for cycle analysis. Projects price levels into the future by half the cycle period, displaying high, low, and median as colored areas.
What are FLDs?
Future Lines of Demarcation are price levels shifted forward in time by approximately half the cycle wavelength. Used in cycle analysis to identify potential support/resistance levels and trend changes.
Key Features
Area visualization between high/low FLD lines with customizable colors
Three bands: Upper, Lower, and Total area with independent transparency
Dynamic labels: Customizable text with period display
Status line integration showing real-time FLD values
Flexible display options: Toggle individual lines, labels, and info displays
Parameters
Period: Cycle length (default: 40)
Colors: Customizable for main, upper, and lower areas
Transparency: Adjustable area opacity (0-100)
Labels: Toggle and customize indicator identification
Display Options: Individual lines, status info, top labels
Usage
Set Period based on your cycle analysis
Customize colors and transparency for chart clarity
Configure labels for identification
Analyze where price interacts with projected FLD areas
Applications
Cycle turning point identification
Dynamic support/resistance levels
Trend analysis with FLD projections
Multi-timeframe cycle analysis
FLD Area v12 by Nibbio996
Pine Script v5 | Overlay Indicator
For educational purposes. Use proper risk management.
Simple Trading ChecklistCustomisable Simple Trading Checklist
This script overlays a fully customizable trading checklist directly onto your chart, providing an at-a-glance reminder of key trading steps and conditions before entering a position.
It is especially useful for discretionary or rule-based traders who want a consistent on-screen process to follow.
KairosAlgo V2 [Alpha]- Indicator Name: "Kairos Algo V2 (Alpha)"
- Type: "Indicator"
- Language: Pine Script v6
RSI Z‑Score + TableRSI Z-Score + Table
This script calculates the Z-Score of the RSI (Relative Strength Index), which standardizes RSI based on its own recent history.
What It Shows:
RSI Z-Score = (Current RSI - Mean RSI) / Standard Deviation
This tells you how extreme the current RSI is compared to its historical values.
A table displays:
Current RSI
Rolling Mean
RSI Z-Score
How to Use:
Z-Score > +2 = Statistically overbought
Z-Score < -2 = Statistically oversold
Use it to time reversals or overextension in RSI behavior.
🔒 Based on rolling lookback window — fully customizable.
Author:
Tags: #RSI #ZScore #Momentum #StatisticalEdge #MeanReversion #Crypto
XAUUSD & BTCUSD Buy/Sell Signals (80% Accuracy)this script gives approx 80% real and correct indicators depending on market
Session Highlights with Toggle OptionsSession highlights that indicate movement activities during the day. Suitable for intraday timeframes. Cannot be use in Day and over. It comes with colorful highlights. You can edit your own color and opacity. The session .Enjoy your back test. Thank you
EMA 8 & 21 crossover change EMA 8 & 21 crossover change Indicator This custom TradingView indicator highlights trend shifts by changing candle colors when the 8 EMA crosses the 21 EMA. Bullish crossovers turn candles different color, while bearish crossovers turns different as well—making it easy to visually identify emerging trends and momentum shifts in real time.
Srini B - Zero Lag Trend SignalsFinal version with minor changes. This indicator displays buy & sell alerts as per settings defined and comes out really well. Just my own personal indicator for own use.
