OPEN-SOURCE SCRIPT

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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.

Note di rilascio

- 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_)

Note di rilascio

- You can now customize the color of the bars
- You can now display % variation of Peak/Valley points

Note di rilascio

- Added the Weekly Tight Closes Detector available on 'Mark Minervini' script

Note di rilascio

- Now SMA/EMA colors are customizable

Note di rilascio

- Added Optional Beta Chart Recognition Pattern

Note di rilascio

- Corrected Graph Display

Note di rilascio

- Corrected graph again

Note di rilascio

- Corrected a minor bug that deleted hisotorical valid flat bases

Note di rilascio

- Added Double Bottom Detection
- Pattern are only detected in Daily TimeFrame

Note di rilascio

- Forgot to link the ability not to display patterns, corrected!

Note di rilascio

- Added recent modification on the RS Rating

Note di rilascio

- Modified label size to tiny

Note di rilascio

- Adjust some parameters in the base formation to be closer to MarketSmith
- Corrected some bugs with the double bottom detection

Note di rilascio

- Little correction for the initial depth of the creation of a base -> 35% to 40%

Note di rilascio

- Changed default Depth and Length values to better match MarketSmith Chart Pattern Recognition system

Note di rilascio

- Corrected Input Description for Double Bottom Depth and Length

Note di rilascio

- Corrected some parameters for base detection
- Changed Dotted Lines to Dashed lines
- More discreet line rendering

Note di rilascio

- Chart updated

Note di rilascio

- Chart Updated (Try to find a correct display)

Note di rilascio

- Back to the previous style display because bases were hard to see

Note di rilascio

- Added Beta Cup Detection (not Cup n Handle yet)
- Corrected bug of SPX display

Note di rilascio

- Corrected incorrect depth setting

Note di rilascio

- Adaptation of offset display for sectors and indices

Note di rilascio

- Rs Rating label adjusted

Note di rilascio

- Added Default Blue Dot New High

Note di rilascio

- Now we can display the rating only, eg: for smartphone display

Note di rilascio

- 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.

Note di rilascio

- We can add a second SMA/EMA on the RS Line.

Note di rilascio

- Corrected the rounding of the Average Volume

Note di rilascio

- Confused MarketSmith Volume and MarketSmith Indicator. It's late at night

Note di rilascio

- Added EPS & Sales Table due to recent TradingView free plan limitation

Note di rilascio

- Corrected the Comparative Symbol for Line input that wasn't correctly wired to the calculation.

Note di rilascio

- Removed unused input

Note di rilascio

For the EPS & Sales table
- Corrected shifting color to transparent of the daily table

Note di rilascio

- Added the Maj for the EPS & Sales indicator

Note di rilascio

- Corrected wrong digit on the 'versus' display on sales after B_Kaminski pointed it out

Note di rilascio

- Updated to EPS & Sales Table Toward MarketSurge look

Note di rilascio

- Like MarketSurge does, when a reported EPS number is missing the code will now search for the standard EPS for replacement.
This will allow tickers like and to be closer to the MarketSurge result.
Moreover it should make the EPS & Sales table usable for the Indian Market.
The RS Rating is unchanged and is still for the US Market Only

Note di rilascio

EPS and Sales table:
- Modified the style of the table toward MarketSurge look
- Used lighter grey for the MarketSmith table

Note di rilascio

- Modify Chart preview

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

Fred6724

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Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

Fred6724

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