[JL] How Many Signals last N barsGot this idea after I found Multiple Indicators Screener from QuantNomad.
This script learnt some codes from QuantNomad's great script. Thanks to him.
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This table show how many signals happened during the last N bars.
I only take care Forex, so this table only has 28 symbols. Feel free to change it.
Calculate the following signals:
RSI cross over/under 50
Short Moving average cross over/under long moving average
Stochastic k cross over/under d
MACD hist cross over/under 0
Williams Fractals: Up and Down fractals happened.
The concept is simple: Range period will always happen more cross signals than the trend period.
When the counter is less than median of all symbols, will be set green color. So more green mean more chance to be trend.
Cerca negli script per "screener"
RSI Moving Average CrossoversThis script is an improved version of the RSI indicator, using a moving average on the RSI itself, as well as two other moving averages used to determine the current trend.
A small screener indicating the current movement is displayed in the bottom-left zone of the chart: trend (Bullish/Bearish/Uncertain) and status (Impulse or Correction)
Trends are simply based on moving averages crossovers, coupled to the fact that the current candle closes above the fast MA in a bull trend, and under the fast MA in a bear trend. In other cases, the trend and the movement are considered as "Uncertain" by the indicator.
Options
Various types of moving averages for the RSI and trend MA
Show/Hide crossovers between the RSI and its MA
Color the RSI normal zone with the current trend/movement colors
Show/Hide the screener indicating the current movement
Defaults Parameters
Fast MA 20
Slow MA 50
MA source: Close
RSI Length 14
RSI MA: SMMA (RMA)
RSI MA Length: 20
Don't hesitate to suggest any idea which could improve this indicator.
Top 20 Adaptive Momentum [Trend Aligned]his script is an automated End-of-Day Momentum Dashboard designed to predict the next trading day's directional bias for the top 20 most volatile stocks. It analyzes institutional price action during the final 10 minutes of the trading session and filters signals based on the long-term trend.
How It Works
Trend Identification: The script calculates a 50-Day Moving Average proxy (using 5-minute data) to determine if a stock is in a Long-Term Uptrend or Downtrend.
Adaptive Signal Logic: Instead of a simple reversal strategy, the script adapts its prediction based on the trend context:
Trend Following: If a stock closes strong (Green) in an Uptrend, it signals Bullish Momentum (continuation).
Mean Reversion: If a stock closes strong (Green) in a Downtrend, it signals Bearish Reversion (fade the bounce).
Dip Buying: If a stock closes weak (Red) in an Uptrend, it signals Bullish Reversion (buy the dip).
Live Backtesting: The dashboard features a "Win Rate (3M)" column. This metric backtests the strategy over the past 3 months for each specific ticker, calculating the percentage of time the predicted bias resulted in a winning trade the following day.
Dashboard Columns
Ticker: The stock symbol.
Prev Day: The overall close vs. open of the previous session.
Trend (50d): The long-term trend direction (UP or DOWN).
BIAS TODAY: The actionable signal for the current session (📈 BULLISH or 📉 BEARISH).
Win Rate: The historical probability of success for this strategy on this specific stock.
Usage: Use this tool pre-market to identify high-probability setups where the previous day's closing momentum aligns with the long-term trend.
To effectively use the Top 20 Adaptive Momentum script, you need to treat it as a Pre-Market Screener. It performs the heavy lifting of analyzing trend, momentum, and historical probability instantly, giving you a "Cheat Sheet" for the trading day.
Here is a step-by-step guide on how to integrate it into your routine:
1. The Setup
Timeframe: Set your chart to 5 Minutes. The logic specifically hunts for the 15:50 (3:50 PM) and 15:55 (3:55 PM) candles, so the calculation works best on this timeframe.
Timing: Check this dashboard before the market opens (e.g., 9:00 AM EST) or shortly after the close (4:05 PM EST) to plan for the next session.
2. Reading the Dashboard Columns
Column What to Look For Actionable Insight
Trend (50d) UP (Green) or DOWN (Red) This tells you the "Big Picture." Only trade in this direction. If Trend is UP, you only want to see Bullish signals. If Trend is DOWN, you only want Bearish signals.
BIAS TODAY 📈 BULLISH Plan: Look for Long/Buy setups at the open. The algorithm predicts price will close higher today.
📉 BEARISH Plan: Look for Short/Sell setups at the open. The algorithm predicts price will close lower.
Win Rate (3M) Percentage (e.g., 65%) Confidence Filter. Only take trades on stocks with a Win Rate above 55-60%. This proves the stock historically respects this specific strategy.
3. The Strategy Scenarios (How to Trade)
Scenario A: The "Trend Continuation" (High Probability)
Dashboard: Trend is UP + Bias is BULLISH.
Context: The stock is strong long-term, and it closed strong yesterday (Momentum).
Execution: Watch for an opening gap up or an early breakout above the pre-market high. Go Long.
Scenario B: The "Dip Buy" (High Probability)
Dashboard: Trend is UP + Bias is BULLISH.
Context: The stock is strong long-term, but it pulled back yesterday (Weak Close). The script identifies this as a discount, not a reversal.
Execution: Watch for the stock to find support early. Use the "Master Sniper" (from your other script) to find a Discount Entry FVG.
Scenario C: The "Trap" (Avoid)
Dashboard: Win Rate is < 50%.
Context: The stock is choppy or news-driven. It does not follow technical momentum rules reliably.
Execution: Skip this stock. Move to the next one on the list.
4. Execution Workflow
Scan: Glance at the dashboard. Identify the 2-3 stocks with Green Bias + Green Trend (for Buys) or Red Bias + Red Trend (for Shorts).
Filter: Ensure their "Win Rate" is decent (over 55%).
Trade: Open the charts for those specific stocks. Use your execution indicators (like the Master Sniper) to time the entry on the 1-minute or 5-minute chart.
By using this dashboard, you stop guessing which stock to trade and focus entirely on executing the best setups.
Top-line % MovesOverview
A clean, text-only overlay that shows price momentum at a glance. It prints one line at the top-center of your chart:
Movement | Day % | 3-Day % | Wk %
What it shows
Day - Percent change from today’s regular-session open to the latest price
3-Day - Percent change from the daily open 3 trading days ago
Wk - Percent change from the daily open 5 trading days ago
How it works
Pulls daily opens via request.security so it stays consistent across intraday and daily timeframes
Calculates percent moves versus those opens and renders a single centered text line
Transparent background, bright white text, no bars or lines, minimal chart footprint
Notes
“Wk” uses 5 trading days. If you prefer 7 calendar days, change the lookback to your preference
Daily opens follow the symbol’s TradingView session settings. Extended or 24h markets may differ from your broker’s definition of “open”
Best for
Quick momentum read without clutter
Screeners, streaming layouts, and compact dashboards
Inputs
None
Tags
percent change, overlay, momentum, daily open, intraday, text display, minimal, Pine v6
Stockbee Reversal Bullish v2Custom indicator for identifying stocks that meet the Stockbee's Reversal Bullish New criteria. This can be used as a standalone indicator or use it to screen for stocks in Pine Screener.
Stockbee Reversal BullishCustom indicator for identifying stocks that meet the Stockbee's Reversal Bullish criteria. This can be used as a standalone indicator or use it to screen for stocks in Pine Screener.
Stockbee ComboBearCustom indicator for identifying stocks that meet the Stockbee's ComboBear criteria. This can be used as a standalone indicator or use it to screen for stocks in Pine Screener.
ComboBearCustom indicator for identifying stocks that meet the Stockbee's ComboBear criteria. This can be used as a standalone indicator or use it to screen for stocks in Pine Screener.
Stockbee ComboBullCustom indicator for identifying stocks that meet the ComboBull criteria. This can be used as a standalone indicator or use it to screen for stocks in Pine Screener.
Greer Free Cash Flow Yield✅ Title
Greer Free Cash Flow Yield (FCF%) — Long-Term Value Signal
📝 Description
The Greer Free Cash Flow Yield indicator is part of the Greer Financial Toolkit, designed to help long-term investors identify fundamentally strong and potentially undervalued companies.
📊 What It Does
Calculates Free Cash Flow Per Share (FY) from official financial reports
Divides by the current stock price to produce Free Cash Flow Yield %
Tracks a static average across all available financial years
Color-codes the yield line:
🟩 Green when above average (stronger value signal)
🟥 Red when below average (weaker value signal)
💼 Why It Matters
FCF Yield is a powerful metric that reveals how efficiently a company turns revenue into usable cash. This can be a better long-term value indicator than earnings yield or P/E ratios, especially in capital-intensive industries.
✅ Best used in combination with:
📘 Greer Value (fundamental growth score)
🟢 Greer BuyZone (technical buy zone detection)
🔍 Designed for:
Fundamental investors
Value screeners
Dividend and FCF-focused strategies
📌 This tool is for informational and educational use only. Always do your own research before investing.
Sector Relative StrengthDescription
This script compares sector performance relative to the S&P 500. Sector price levels or charts alone can mislead, because they tend to move with the broader market. An increase in a sector’s price does not necessarily indicate strength, as it may simply be following the index.
For more a more reliable picture, the script calculates a ratio between each sector ETF and SPY. If the ratio has increased, the sector has outperformed the index. In case it has declined, the sector has underperformed. If the value is near zero, the sector has moved in line with the index. The sectors are presented in a table and sorted on relative performance.
Calculation Method
The performance is expressed as a percentage change in the ratio over a user-defined lookback period. The default lookback is set to 21 bars, which corresponds to one month on a daily chart. This value can be adopted in the settings to match preferred time period.
Z-Score
In addition to the percentage change, the script calculates a Z-score of the ratio, which measures how far the current value deviates from its recent mean. A high positive Z-score indicates that the ratio is significantly above its average, while a negative value indicates it is below. This normalization allows for comparison between sectors with different price levels or volatility profiles.
Table Columns
- Relative %: The sector's performance relative to SPY over the selected lookback period
- Z-Score: Standardized measure of current performance ratio is relative to its average
- Trend Arrow: Indicates the direction of relative performance up down or flat
Example Interpretation
For example, if XLK shows a 3.7% change, it has outperformed SPY over the selected period. Another sector might show a -2.1% change, which indicates underperformance. While both values shows relative strength or weakness, the Z-score is optional and can provide additional context based on how unusual that performance is compared to the sector's own recent behavior.
Use Case
This approach helps evaluate overall market conditions and supports a top-down method. By starting with sector performance, it becomes easier to identify where the market is showing leadership or weakness. This allows the stock selection process to be more deliberate and can help refine or customize screeners based on certain sectors.
All Harmonic Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws and sends alerts for all of the harmonic patterns in my public library as they occur. The patterns included are as follows:
• Bearish 5-0
• Bullish 5-0
• Bearish ABCD
• Bullish ABCD
• Bearish Alternate Bat
• Bullish Alternate Bat
• Bearish Bat
• Bullish Bat
• Bearish Butterfly
• Bullish Butterfly
• Bearish Cassiopeia A
• Bullish Cassiopeia A
• Bearish Cassiopeia B
• Bullish Cassiopeia B
• Bearish Cassiopeia C
• Bullish Cassiopeia C
• Bearish Crab
• Bullish Crab
• Bearish Deep Crab
• Bullish Deep Crab
• Bearish Cypher
• Bullish Cypher
• Bearish Gartley
• Bullish Gartley
• Bearish Shark
• Bullish Shark
• Bearish Three-Drive
• Bullish Three-Drive
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. The first swing high or swing low will set the course for the sequence of wave cycles that follow; for example a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Figure 1.
Retracement and Extension Ratios
Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range.
Fibonacci Retracement and Extension Ratios
The Fibonacci sequence is a series of numbers in which each number is the sum of the two preceding numbers, starting with 0 and 1. For example 0 + 1 = 1, 1 + 1 = 2, 1 + 2 = 3, and so on. Ultimately, we could go on forever but the first few numbers in the sequence are as follows: 0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144.
The extension ratios are calculated by dividing each number in the sequence by the number preceding it. For example 0/1 = 0, 1/1 = 1, 2/1 = 2, 3/2 = 1.5, 5/3 = 1.6666..., 8/5 = 1.6, 13/8 = 1.625, 21/13 = 1.6153..., 34/21 = 1.6190..., 55/34 = 1.6176..., 89/55 = 1.6181..., 144/89 = 1.6179..., and so on. The retracement ratios are calculated by inverting this process and dividing each number in the sequence by the number proceeding it. For example 0/1 = 0, 1/1 = 1, 1/2 = 0.5, 2/3 = 0.666..., 3/5 = 0.6, 5/8 = 0.625, 8/13 = 0.6153..., 13/21 = 0.6190..., 21/34 = 0.6176..., 34/55 = 0.6181..., 55/89 = 0.6179..., 89/144 = 0.6180..., and so on.
Fibonacci ranges are typically drawn from left to right, with retracement levels representing ratios inside of the current range and extension levels representing ratios extended outside of the current range. If the current wave cycle ends on a swing low, the Fibonacci range is drawn from peak to trough. If the current wave cycle ends on a swing high the Fibonacci range is drawn from trough to peak.
Measurement Tolerances
Tolerance refers to the allowable variation or deviation from a specific value or dimension. It is the range within which a particular measurement is considered to be acceptable or accurate. I have applied this concept in my pattern detection logic and have set default tolerances where applicable, as perfect patterns are, needless to say, very rare.
Chart Patterns
Generally speaking price charts are nothing more than a series of swing highs and swing lows. When demand outweighs supply over a period of time prices swing higher and when supply outweighs demand over a period of time prices swing lower. These swing highs and swing lows can form patterns that offer insight into the prevailing supply and demand dynamics at play at the relevant moment in time.
‘Let us assume… that you the reader, are not a member of that mysterious inner circle known to the boardrooms as “the insiders”… But it is fairly certain that there are not nearly so many “insiders” as amateur trader supposes and… It is even more certain that insiders can be wrong… Any success they have, however, can be accomplished only by buying and selling… hey can do neither without altering the delicate poise of supply and demand that governs prices. Whatever they do is sooner or later reflected on the charts where you… can detect it. Or detect, at least, the way in which the supply-demand equation is being affected… So, you do not need to be an insider to ride with them frequently… prices move in trends. Some of those trends are straight, some are curved; some are brief and some are long and continued… produced in a series of action and reaction waves of great uniformity. Sooner or later, these trends change direction; they may reverse (as from up to down), or they may be interrupted by some sort of sideways movement and then, after a time, proceed again in their former direction… when a price trend is in the process of reversal… a characteristic area or pattern takes shape on the chart, which becomes recognisable as a reversal formation… Needless to say, the first and most important task of the technical chart analyst is to learn to know the important reversal formations and to judge what they may signify in terms of trading opportunities’ (Edwards & Magee, 1948).
This is as true today as it was when Edwards and Magee were writing in the first half of the last Century, study your patterns and make judgements for yourself about what their implications truly are on the markets and timeframes you are interested in trading.
Over the years, traders have come to discover a multitude of chart and candlestick patterns that are supposed to pertain information on future price movements. However, it is never so clear cut in practice and patterns that where once considered to be reversal patterns are now considered to be continuation patterns and vice versa. Bullish patterns can have bearish implications and bearish patterns can have bullish implications. As such, I would highly encourage you to do your own backtesting.
There is no denying that chart patterns exist, but their implications will vary from market to market and timeframe to timeframe. So it is down to you as an individual to study them and make decisions about how they may be used in a strategic sense.
Harmonic Patterns
The concept of harmonic patterns in trading was first introduced by H.M. Gartley in his book "Profits in the Stock Market", published in 1935. Gartley observed that markets have a tendency to move in repetitive patterns, and he identified several specific patterns that he believed could be used to predict future price movements. The bullish and bearish Gartley patterns are the oldest recognized harmonic patterns in trading and all the other harmonic patterns are modifications of the original Gartley patterns. Gartley patterns are fundamentally composed of 5 points, or 4 waves.
Since then, many other traders and analysts have built upon Gartley's work and developed their own variations of harmonic patterns. One such contributor is Larry Pesavento, who developed his own methods for measuring harmonic patterns using Fibonacci ratios. Pesavento has written several books on the subject of harmonic patterns and Fibonacci ratios in trading. Another notable contributor to harmonic patterns is Scott Carney, who developed his own approach to harmonic trading in the late 1990s and also popularised the use of Fibonacci ratios to measure harmonic patterns. Carney expanded on Gartley's work and also introduced several new harmonic patterns, such as the Shark pattern and the 5-0 pattern.
█ INPUTS
• Change pattern and label colours
• Show or hide patterns individually
• Adjust pattern tolerances
• Set or remove alerts for individual patterns
█ NOTES
You can test the patterns with your own strategies manually by applying the indicator to your chart while in bar replay mode and playing through the history. You could also automate this process with PineScript by using the conditions from my swing and pattern libraries as entry conditions in the strategy tester or your own custom made strategy screener.
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
█ SOURCES
Edwards, R., & Magee, J. (1948) Technical Analysis of Stock Trends (10th edn). Reprint, Boca Raton, Florida: Taylor and Francis Group, CRC Press: 2013.
All Chart Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws and sends alerts for all of the chart patterns in my public library as they occur. The patterns included are as follows:
• Ascending Broadening
• Broadening
• Descending Broadening
• Double Bottom
• Double Top
• Triple Bottom
• Triple Top
• Bearish Elliot Wave
• Bullish Elliot Wave
• Bearish Alternate Flag
• Bullish Alternate Flag
• Bearish Flag
• Bullish Flag
• Bearish Ascending Head and Shoulders
• Bullish Ascending Head and Shoulders
• Bearish Descending Head and Shoulders
• Bullish Descending Head and Shoulders
• Bearish Head and Shoulders
• Bullish Head and Shoulders
• Bearish Pennant
• Bullish Pennant
• Ascending Wedge
• Descending Wedge
• Wedge
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Retracement and Extension Ratios
Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range.
Measurement Tolerances
Tolerance refers to the allowable variation or deviation from a specific value or dimension. It is the range within which a particular measurement is considered to be acceptable or accurate. I have applied this concept in my pattern detection logic and have set default tolerances where applicable, as perfect patterns are, needless to say, very rare.
Chart Patterns
Generally speaking price charts are nothing more than a series of swing highs and swing lows. When demand outweighs supply over a period of time prices swing higher and when supply outweighs demand over a period of time prices swing lower. These swing highs and swing lows can form patterns that offer insight into the prevailing supply and demand dynamics at play at the relevant moment in time.
‘Let us assume… that you the reader, are not a member of that mysterious inner circle known to the boardrooms as “the insiders”… But it is fairly certain that there are not nearly so many “insiders” as amateur trader supposes and… It is even more certain that insiders can be wrong… Any success they have, however, can be accomplished only by buying and selling… hey can do neither without altering the delicate poise of supply and demand that governs prices. Whatever they do is sooner or later reflected on the charts where you… can detect it. Or detect, at least, the way in which the supply-demand equation is being affected… So, you do not need to be an insider to ride with them frequently… prices move in trends. Some of those trends are straight, some are curved; some are brief and some are long and continued… produced in a series of action and reaction waves of great uniformity. Sooner or later, these trends change direction; they may reverse (as from up to down), or they may be interrupted by some sort of sideways movement and then, after a time, proceed again in their former direction… when a price trend is in the process of reversal… a characteristic area or pattern takes shape on the chart, which becomes recognisable as a reversal formation… Needless to say, the first and most important task of the technical chart analyst is to learn to know the important reversal formations and to judge what they may signify in terms of trading opportunities’ (Edwards & Magee, 1948).
This is as true today as it was when Edwards and Magee were writing in the first half of the last Century, study your patterns and make judgements for yourself about what their implications truly are on the markets and timeframes you are interested in trading.
Over the years, traders have come to discover a multitude of chart and candlestick patterns that are supposed to pertain information on future price movements. However, it is never so clear cut in practice and patterns that where once considered to be reversal patterns are now considered to be continuation patterns and vice versa. Bullish patterns can have bearish implications and bearish patterns can have bullish implications. As such, I would highly encourage you to do your own backtesting.
There is no denying that chart patterns exist, but their implications will vary from market to market and timeframe to timeframe. So it is down to you as an individual to study them and make decisions about how they may be used in a strategic sense.
█ INPUTS
• Change pattern and label colours
• Show or hide patterns individually
• Adjust pattern ratios and tolerances
• Set or remove alerts for individual patterns
█ NOTES
I have decided to rename some of my previously published patterns based on the way in which the pattern completes. If the pattern completes on a swing high then the pattern is considered bearish, if the pattern completes on a swing low then it is considered bullish. This may seem confusing but it makes sense when you come to backtesting the patterns and want to use the most recent peak or trough prices as stop losses. Patterns that can complete on both a swing high and swing low are for such reasons treated as neutral, namely all broadening and wedge variations. I trust that it is quite self-evident that double and triple bottom patterns are considered bullish while double and triple top patterns are considered bearish, so I did not feel the need to rename those.
The patterns that have been renamed and what they have been renamed to, are as follows:
• Ascending Elliot Waves to Bearish Elliot Waves
• Descending Elliot Waves to Bullish Elliot Waves
• Ascending Head and Shoulders to Bearish Ascending Head and Shoulders
• Descending Head and Shoulders to Bearish Descending Head and Shoulders
• Head and Shoulders to Bearish Head and Shoulders
• Ascending Inverse Head and Shoulders to Bullish Ascending Head and Shoulders
• Descending Inverse Head and Shoulders to Bullish Descending Head and Shoulders
• Inverse Head and Shoulders to Bullish Head and Shoulders
You can test the patterns with your own strategies manually by applying the indicator to your chart while in bar replay mode and playing through the history. You could also automate this process with PineScript by using the conditions from my swing and pattern libraries as entry conditions in the strategy tester or your own custom made strategy screener.
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
█ SOURCES
Edwards, R., & Magee, J. (1948) Technical Analysis of Stock Trends (10th edn). Reprint, Boca Raton, Florida: Taylor and Francis Group, CRC Press: 2013.
Options & Leveraged Shares Heatmap This is the leveraged share/option heatmap / screener.
Tradingview offers a few different tickers that have PTCR data on the daily timeframe. So I was able to pull those few tickers that display the PTCR data and format it into a heatmap.
I also had some room to add leveraged share data as well.
It is pretty self explanatory but I will go over it really briefly:
The timeframe is 1 D. This cannot be changed because this is the only timeframe available for the PTCR data.
It will pull the current day PTCR as well as the previous day PTCR and display the PTCR and change value.
The screening will be done according to the 1 day change.
You have the ability to select the option to sort by Max and Min or sort by heatmap:
Displaying max and min will show you the max positive and negative change among all the available tickers.
Max positive = bearish, as this indicates an uptick in Puts.
Max negative = bullish, as this indicates a decline in Puts.
If we flip over to the leveraged shares, it is the same:
To keep it consistent, the leveraged share ratio is displayed similar to PTCR. It is Sell to Buy ratio. The higher the ratio, the more selling and vice versa.
Thus, the same rules apply. Max positive = bearish and max negative = bullish.
If you want to display the heatmap, this is what it will look like:
The darker the blue, the higher the change in either a negative or positive direction. The same for the leveraged shares:
And that is the indicator.
Hopefully you find it helpful. I like to reference it at the end of each day to see how things are looking in terms of positioning for the following day.
Leave your comments/questions and suggestions below.
Safe trades!
Relative PerformanceThis indicator takes the Performance Table from @BeeHolder and converts it to a Relative Performance table so you can compare the current chart vs. an Index (or whatever other ticker you want) to see the relative performance of one vs. the other. I also added a cell for ADR, which is also the same value as "Monthly Volatility" in the stock screener. This can be useful when screening stocks based on performance and volatility.
Technical Ratings on Multi-frames / Assets█ OVERVIEW
This indicator is a modified version of TECHNICAL RATING v1.0 available in the public library to provide a quick overview of consolidated technical ratings performed on 12 assets in 3 timeframes.The purpose of the indicator is to provide a quick overview of the current status of the custom 12 (24) assets and to help focus on the appropriate asset.
█ MODIFICATIONS
- Markers, visualizations and alerts have been deleted
- Due to the limitation on maximum number of security (40), the results of 12 assets evaluated in 3 different time frames can be shown at the same time.
- An additional 12 assets can be configured in the settings so that you do not have to choose each ticker one by one to facilitate a quick change, but can switch between the 12 -12 assets with a single click on "Second sets?".
- The position, colors and parameters of the table can be widely customized in the settings.
- The 12 assets can be arranged in rows 3, 4, 6 and 12 with Table Rows options, which can also be used to create a simple mobile view.
- The default gradient color setting has been changed to red/yellow/green traffic lights
ORIGINAL DESCRIPTION ABOUT TECHNICAL RATING v1.0
█ OVERVIEW
This indicator calculates TradingView's well-known "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" states using the aggregate biases of 26 different technical indicators.
█ WARNING
This version is similar, but not identical, to our recently published "Technical Ratings" built-in, which reproduces our "Technicals" ratings displayed as a gauge in the right panel of charts, or in the "Rating" indicator available in the TradingView Screener. This is a fork and refactoring of the code base used in the "Technical Ratings" built-in. Its calculations will not always match those of the built-in, but it provides options not available in the built-in. Up to you to decide which one you prefer to use.
█ FEATURES
Differences with the built-in version
• The built-in version produces values matching the states displayed in the "Technicals" ratings gauge; this one does not always.
• A strategy version is also available as a built-in; this script is an indicator—not a strategy.
• This indicator will show a slightly different vertical scale, as it does not use a fixed scale like the built-in.
• This version allows control over repainting of the signal when you do not use a higher timeframe. Higher timeframe (HTF) information from this version does not repaint.
• You can adjust the weight of the Oscillators and MAs components of the rating here.
• You can configure markers on signal breaches of configurable levels, or on advances declines of the signal.
The indicator's settings allow you to:
• Choose the timeframe you want calculations to be made on.
• When not using a HTF, you can select a repainting or non-repainting signal.
• When using both MAs and Oscillators groups to calculate the rating, you can vary the weight of each group in the calculation. The default is 50/50.
Because the MAs group uses longer periods for some of its components, its value is not as jumpy as the Oscillators value.
Increasing the weight of the MAs group will thus have a calming effect on the signal.
• Alerts can be created on the indicator using the conditions configured to control the display of markers.
Display
The calculated rating is displayed as columns, but you can change the style in the inputs. The color of the signal can be one of three colors: bull, bear, or neutral. You can choose from a few presets, or check one and edit its color. The color is determined from the rating's value. Between 0.1 and -0.1 it is in the neutral color. Above/below 0.1/-0.1 it will appear in the bull/bear color. The intensity of the bull/bear color is determined by cumulative advances/declines in the rating. It is capped to 5, so there are five intensities for each of the bull/bear colors.
The "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" state of the last calculated value is displayed to the right of the last bar for each of the three groups: All, MAs and Oscillators. The first value always reflects your selection in the "Rating uses" field and is the one used to display the signal. A "Strong Buy" or "Strong Sell" state appears when the signal is above/below the 0.5/-0.5 level. A "Buy" or "Sell" state appears when the signal is above/below the 0.1/-0.1 level. The "Neutral" state appears when the signal is between 0.1 and -0.1 inclusively.
Five levels are always displayed: 0.5 and 0.1 in the bull color, zero in the neutral color, and -0.1 and - 0.5 in the bull color.
█ CALCULATIONS
The indicator calculates the aggregate value of two groups of indicators: moving averages and oscillators.
The "MAs" group is comprised of 15 different components:
• Six Simple Moving Averages of periods 10, 20, 30, 50, 100 and 200
• Six Exponential Moving Averages of the same periods
• A Hull Moving Average of period 9
• A Volume-weighed Moving Average of period 20
• Ichimoku
The "Oscillators" group includes 11 components:
• RSI
• Stochastic
• CCI
• ADX
• Awesome Oscillator
• Momentum
• MACD
• Stochastic RSI
• Wiliams %R
• Bull Bear Power
• Ultimate Oscillator
Auto AVWAP (Anchored-VWAP) with Breakout Screener_v2Updated indicator for AWAP breakout. The indicator identified the candle that breaks out of AVWAP
Quality Detector (Buffett Style) + Beta [Solid]This indicator acts as an on-chart fundamental screener, designed to instantly evaluate the quality and financial health of a company directly on your price chart.
The concept is inspired by "Buffettology" principles: looking for large, profitable companies with low debt. Additionally, it includes a Beta calculation to assess market volatility risk.
The tool displays a panel in the bottom-right corner featuring four key metrics and a final verdict.
How it Works & Metrics Used
The script retrieves quarterly fundamental data ("FQ") and performs calculations to verify if the asset meets specific criteria.
1. Market Cap (Size)
What it is: The total market value of the company's outstanding shares.
Goal: To identify established, large-cap companies.
Default Threshold: Must be greater than $10 Billion.
2. ROE - Return on Equity (Quality)
What it is: A measure of financial performance calculated by dividing net income by shareholders' equity.
Goal: To find companies that are efficient at generating profits from shareholders' capital.
Default Threshold: Must be higher than 15%.
3. Total Debt to Equity (Health)
What it is: A ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.
Calculation: This script manually calculates this ratio by fetching TOTAL_DEBT and dividing it by TOTAL_EQUITY from fundamental data to ensure robustness across different symbols.
Goal: To ensure the company is not overly leveraged.
Default Threshold: Must be lower than 1.5.
4. Beta (Risk/Volatility)
What it is: A measure of a stock's volatility in relation to the overall market (S&P 500).
Calculation: It is calculated by comparing the asset's returns against SPY (S&P 500 ETF) returns over a 252-day period (approx. 1 trading year).
Goal: To understand if the stock is more volatile (Beta > 1) or less volatile (Beta < 1) than the market.
Note: Beta does not affect the final "Quality" score but serves as an extra risk indicator, highlighting in orange if Beta > 1.
The Verdict (Scoring System)
The indicator assigns a score from 0 to 3 based on the first three fundamental metrics (Size, ROE, and Debt/Equity).
If a metric passes the threshold, it gets a green background and +1 point.
If it fails, it gets a red background.
Final Verdict:
💎 QUALITY GEM: The company passed all 3 fundamental checks (Score = 3/3).
⚠️ DISCARD: The company failed one or more fundamental checks.
Settings
You can customize the thresholds to fit your own investment strategy in the indicator settings:
Minimum Market Cap (in Billions).
Minimum ROE (%).
Maximum Debt/Equity Ratio.
Disclaimer: This tool is for informational and educational purposes only. It relies on third-party fundamental data which may sometimes be delayed or unavailable. Do not base investment decisions solely on this indicator.
TrendlinesDowntrend lines are one of the most important tools in technical analysis. A downtrend line is created by connecting a series of lower highs which forms a clear visual line where price repeatedly finds resistance. Traders use these lines to understand trend direction, time entries, plan exits, and quickly recognize when momentum is shifting.
This indicator automatically finds and maintains the strongest downtrend lines on any timeframe. It removes the guesswork and inconsistency that comes with manually drawing trendlines.
Unlike most other trendline indicators that just draw lines from swing highs to the current high, this indicator actively scans for new pivot highs, tests each potential line against live price action and only promotes a line to valid status once it has proven itself as a true trendline by price touching or respecting the line a user defined number of times, with the default set to three. This filters out noise and leaves only the most meaningful and reliable trendlines on your chart.
When price eventually breaks a respected downtrend line the indicator highlights the breakout immediately. Traders often use these moments for entries confirmation signals or to prepare for a potential shift in market behavior. The breakout alert is built directly into the indicator so you never miss an important move.
This indicator also works with the Pine Screener to find tickers with current valid trendlines.
How are trendlines determined?
The indicator begins by anchoring to the most recent pivot high. From there it draws a temporary line to the current bar and evaluates every bar between the two points.
Each time a high comes within a user selected buffer zone around that line it is counted as a touch. Once the required number of touches is confirmed and price has never exceeded the buffer to the upside the trendline becomes valid and is displayed on the chart as an active downtrend line.
Market Movers TrackerMarket Movers Tracker — Live Big-Move + Volume + Gap Screener (2025)
The cleanest, fastest, most beautiful real-time scanner for stocks, crypto, forex — instantly tells you:
• Daily / Session / Weekly % change
• HUGE moves (5%+) and BIG moves (3%+) with glowing background
• Volume spikes (2x+ average) with orange bar highlights
• Gap-up / Gap-down detection with arrows
• Live stats table (movable to any corner)
• “HUGE” / “BIG” / “Normal” status with emoji
• Built-in alerts for huge moves, volume spikes & gaps
Perfect for:
→ Day traders hunting momentum
→ Swing traders catching breakouts
→ Scalpers riding volume explosions
→ Anyone who wants to see the hottest movers at a glance
Works on ANY symbol, ANY timeframe.
Zero lag. Zero repainting. Pure price + volume truth.
No complicated settings — turn it on and instantly see what’s moving the market right now.
Not financial advice. Just the sharpest scanner on TradingView.
Made with love for the degens, apes, and momentum chads & volume junkies.
Relative Strength Heatmap [BackQuant]Relative Strength Heatmap
A multi-horizon RSI matrix that compresses 20 different lookbacks into a single panel, turning raw momentum into a visual “pressure gauge” for overbought and oversold clustering, trend exhaustion, and breadth of participation across time horizons.
What this is
This indicator builds a strip-style heatmap of 20 RSIs, each with a different length, and stacks them vertically as colored tiles in a single pane. Every tile is colored by its RSI value using your chosen palette, so you can see at a glance:
How many “fast” versus “slow” RSIs are overbought or oversold.
Whether momentum is concentrated in the short lookbacks or spread across the whole curve.
When momentum extremes cluster, signalling strong market pressure or exhaustion.
On top of the tiles, the script plots two simple breadth lines:
A white line that counts how many RSIs are above 70 (overbought cluster).
A black line that counts how many RSIs are below 30 (oversold cluster).
This turns a single symbol’s RSI ladder into a compact “market pressure gauge” that shows not only whether RSI is overbought or oversold, but how many different horizons agree at the same time.
Core idea
A single RSI looks at one length and one timescale. Markets, however, are driven by flows that operate on multiple horizons at once. By computing RSI over a ladder of lengths, you approximate a “term structure” of strength:
Short lengths react to immediate swings and very recent impulses.
Medium lengths reflect swing behaviour and local trends.
Long lengths reflect structural bias and higher timeframe regime.
When many lengths agree, for example 10 or more RSIs all above 70, it suggests broad participation and strong directional pressure. When only a few fast lengths stretch to extremes while longer ones stay neutral, the move is more fragile and more likely to mean-revert.
This script makes that structure visible as a heatmap instead of forcing you to run many separate RSI panes.
How it works
1) Generating RSI lengths
You control three parameters in the calculation settings:
RS Period – the base RSI length used for the shortest strip.
RSI Step – the amount added to each successive RSI length.
RSI Multiplier – a global scaling factor applied after the step.
Each of the 20 RSIs uses:
RSI length = round((base_length + step × index) × multiplier) , where the index goes from 0 to 19.
That means:
RSI 1 uses (len + step × 0) × mult.
RSI 2 uses (len + step × 1) × mult.
…
RSI 20 uses (len + step × 19) × mult.
You can keep the ladder dense (small step and multiplier) or stretch it across much longer horizons.
2) Heatmap layout and grouping
Each RSI is plotted as an “area” strip at a fixed vertical level using histbase to stack them:
RSI 1–5 form Group 1.
RSI 6–10 form Group 2.
RSI 11–15 form Group 3.
RSI 16–20 form Group 4.
Each group has a toggle:
Show only Group 1 and 2 if you care mainly about fast and medium horizons.
Show all groups for a full spectrum from very short to very long.
Hide any group that feels redundant for your workflow.
The actual numeric RSI values are not plotted as lines. Instead, each strip is drawn as a horizontal band whose fill color represents the current RSI regime.
3) Palette-based coloring
Each tile’s color is driven by the RSI value and your chosen palette. The script includes several palettes:
Viridis – smooth green to yellow, good for subtle reading.
Jet – strong blue to red sequence with high contrast.
Plasma – purple through orange to yellow.
Custom Heat – cool blues to neutral grey to hot reds.
Gray – grayscale from white to black for minimalistic layouts.
Cividis, Inferno, Magma, Turbo, Rainbow – additional scientific and rainbow-style maps.
Internally, RSI values are bucketed into ranges (for example, below 10, 10–20, …, 90–100). Each bucket maps to a unique colour for that palette. In all schemes, low RSI values are mapped to the “cold” or darker side and high RSI values to the “hot” or brighter side.
The result is a true momentum heatmap:
Cold or dark tiles show low RSI and oversold or compressed conditions.
Mid tones show neutral or mid-range RSI.
Warm or bright tiles show high RSI and overbought or stretched conditions.
4) Bull and bear breadth counts
All 20 RSI values are collected into an array each bar. Two counters are then calculated:
Bull count – how many RSIs are above 70.
Bear count – how many RSIs are below 30.
These are plotted as:
A white line (“RSI > 70 Count”) for the overbought cluster.
A black line (“RSI < 30 Count”) for the oversold cluster.
If you enable the “Show Bull and Bear Count” option, you get an immediate reading of how many of the 20 horizons are stretched at any moment.
5) Cluster alerts and background tagging
Two alert conditions monitor “strong cluster” regimes:
RSI Heatmap Strong Bull – triggers when at least 10 RSIs are above 70.
RSI Heatmap Strong Bear – triggers when at least 10 RSIs are below 30.
When one of these conditions is true, the indicator can tint the background of the chart using a soft version of the current palette. This visually marks stretches where momentum is extreme across many lengths at once, not just on a single RSI.
What it plots
In one oscillator window, the indicator provides:
Up to 20 horizontal RSI strips, each representing a different RSI length.
Color-coded tiles reflecting the current RSI value for each length.
Group toggles to show or hide each block of five RSIs.
An optional white line that counts how many RSIs are above 70.
An optional black line that counts how many RSIs are below 30.
Optional background highlights when the number of overbought or oversold RSIs passes the strong-cluster threshold.
How it measures breadth and pressure
Single-symbol breadth
Breadth is usually defined across a basket of symbols, such as how many stocks advance versus decline. This indicator uses the same concept across time horizons for a single symbol. The question becomes:
“How many different RSI lengths are stretched in the same direction at once?”
Examples:
If only 2 or 3 of the shortest RSIs are above 70, bull count stays low. The move is fast and local, but not yet broadly supported.
If 12 or more RSIs across short, medium and long lengths are above 70, the bull count spikes. The move has broad momentum and strong upside pressure.
If 10 or more RSIs are below 30, bear count spikes and you are in a broad oversold regime.
This is breadth of momentum within one market.
Market pressure gauge
The combination of heatmap tiles and breadth lines acts as a pressure gauge:
High bull count with warm colors across most strips indicates strong upside pressure and crowded long positioning.
High bear count with cold colors across most strips indicates strong downside pressure and capitulation or forced selling.
Low counts with a mixed heatmap indicate neutral pressure, fragmented flows, or range-bound conditions.
You can treat the strong-cluster alerts as “extreme pressure” signals. When they fire, the market is heavily skewed in one direction across many horizons.
How to read the heatmap
Horizontal patterns (through time)
Look along the time axis and watch how the colors evolve:
Persistent hot tiles across many strips show sustained bullish pressure and trend strength.
Persistent cold tiles across many strips show sustained bearish pressure and weak demand.
Frequent flipping between hot and cold colours indicates a choppy or mean-reverting environment.
Vertical structure (across lengths at one bar)
Focus on a single bar and read the column of tiles from top to bottom:
Short RSIs hot, long RSIs neutral or cool: early trend or short-term fomo. Price has moved fast, longer horizons have not caught up.
Short and long RSIs all hot: mature, entrenched uptrend. Broad participation, high pressure, greater risk of blow-off or late-entry vulnerability.
Short RSIs cold but long RSIs mid to high: pullback in a higher timeframe uptrend. Dip-buy and continuation setups are often found here.
Short RSIs high but long RSIs low: countertrend rallies within a broader downtrend. Good hunting ground for fades and short entries after a bounce.
Bull and bear breadth lines
Use the two lines as simple, numeric breadth indicators:
A rising white line shows more RSIs pushing above 70, so bullish pressure is expanding in breadth.
A rising black line shows more RSIs pushing below 30, so bearish pressure is expanding in breadth.
When both lines are low and flat, few horizons are extreme and the market is in mid-range territory.
Cluster zones
When either count crosses the strong threshold (for example 10 out of 20 RSIs in extreme territory):
A strong bull cluster marks a broadly overbought regime. Trend followers may see this as confirmation. Mean-reversion traders may see it as a late-stage or blow-off context.
A strong bear cluster marks a broadly oversold regime. Downtrend traders see strong pressure, but the risk of sharp short-covering bounces also increases.
Trading applications
Trend confirmation
Use the heatmap and breadth lines as a trend filter:
Prefer long setups when the heatmap shows mostly mid to high RSIs and the bull count is rising.
Avoid fresh shorts when there is a strong bull cluster, unless you are specifically trading exhaustion.
Prefer short setups when the heatmap is mostly low RSIs and the bear count is rising.
Avoid aggressive longs when a strong bear cluster is active, unless you are trading reflexive bounces.
Mean-reversion timing
Treat cluster extremes as exhaustion zones:
Look for reversal patterns, failed breakouts, or order flow shifts when bull count is very high and price starts to stall or diverge.
Look for reflexive bounce potential when bear count is very high and price stops making new lows or shows absorption at the lows.
Use the palette and counts together: hot tiles plus a peaking white line can mark blow-off conditions, cold tiles plus a peaking black line can mark capitulation.
Regime detection and risk toggling
Use the overall shape of the ladder over time:
If upper strips stay warm and lower strips stay neutral or warm for extended periods, the market is in an uptrend regime. You can justify higher risk for long-biased strategies.
If upper strips stay cold and lower strips stay neutral or cold, the market is in a downtrend regime. You can justify higher risk for short-biased strategies or defensive positioning.
If colours and counts flip frequently, you are likely in a range or choppy regime. Consider reducing size or using more tactical, short-term strategies.
Multi-horizon synchronization
You can think of each RSI length as a proxy for a different “speed” of the same market:
When only fast RSIs are stretched, the move is local and less robust.
When fast, medium and slow RSIs align, the move has multi-horizon confirmation.
You can require a minimum bull or bear count before allowing your main strategy to engage.
Spotting hidden shifts
Sometimes price appears flat or drifting, but the heatmap quietly cools or warms:
If price is sideways while many hot tiles fade toward neutral, momentum is decaying under the surface and trend risk is increasing.
If price is sideways while many cold tiles climb back toward neutral, selling pressure is decaying and the tape is repairing itself.
Settings overview
Calculation Settings
RS Period – base RSI length for the shortest strip.
RSI Step – the increment added to each successive RSI length.
RSI Multiplier – scales all generated RSI lengths.
Calculation Source – the input series, such as close, hlc3 or others.
Plotting and Coloring Settings
Heatmap Color Palette – choose between Viridis, Jet, Plasma, Custom Heat, Gray, Cividis, Inferno, Magma, Turbo or Rainbow.
Show Group 1 – toggles RSI 1–5.
Show Group 2 – toggles RSI 6–10.
Show Group 3 – toggles RSI 11–15.
Show Group 4 – toggles RSI 16–20.
Show Bull and Bear Count – enables or disables the two breadth lines.
Alerts
RSI Heatmap Strong Bull – fires when the number of RSIs above 70 reaches or exceeds the configured threshold (default 10).
RSI Heatmap Strong Bear – fires when the number of RSIs below 30 reaches or exceeds the configured threshold (default 10).
Tuning guidance
Fast, tactical configurations
Use a small base RS Period, for example 2 to 5.
Use a small RSI Step, for tight clustering around the fast horizon.
Keep the multiplier near 1.0 to avoid extreme long lengths.
Focus on Group 1 and Group 2 for intraday and short-term trading.
Swing and position configurations
Use a mid-range RS Period, for example 7 to 14.
Use a moderate RSI Step to fan out into slower horizons.
Optionally use a multiplier slightly above 1.0.
Keep all four groups enabled for a full view from fast to slow.
Macro or higher timeframe configurations
Use a larger base RS Period.
Use a larger RSI Step so the top of the ladder reaches very slow lengths.
Focus on Group 3 and Group 4 to see structural momentum.
Treat clusters as regime markers rather than frequent trading signals.
Notes
This indicator is a contextual tool, not a standalone trading system. It does not model execution, spreads, slippage or fundamental drivers. Use it to:
Understand whether momentum is narrow or broad across horizons.
Confirm or filter existing signals from your primary strategy.
Identify environments where the market is crowded into one side.
Distinguish between isolated spikes and truly broad pressure moves.
The Relative Strength Heatmap is designed to answer a simple but powerful question:
“How many versions of RSI agree with what I am seeing on the chart?”
By compressing those answers into a single panel with clear colour coding and breadth lines, it becomes a practical, visual gauge of momentum breadth and market pressure that you can overlay on any trading framework.
Divergence Scanner
Scanner and Indication (Divergence Scanner & Signal)An advanced experimental indicator designed to detect instances of Divergence between price action and key oscillator metrics (e.g., RSI or MACD).The primary function of this script is for Screener use. It plots a numerical value (a value greater than zero) on the chart when a confirmed bullish or bearish divergence signal appears."






















