OPEN-SOURCE SCRIPT
RTY Hard Rule Matrix
RTY Hard Rule Matrix v2.0 - Release Notes
Release Date: March 12, 2026
Purpose: Russell 2000 (RTY) Trading Indicator
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🚀 What's New
Table Background Color 🆕
• Fully customizable table background
Table Position
• 9 positions: Top/Middle/Bottom × Left/Center/Right
Table Size
• Tiny, Small, Normal
Trend Text Toggle
• Switch between dots or text labels
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🎯 The 4 Tickers (For RTY)
This indicator tracks 4 tickers that drive Russell 2000 direction:
| Ticker | What It Is | Why It Matters for RTY |
| ------ | -------------------- | ------------------------------------------------ |
| IWM | Russell 2000 ETF | The actual small-cap index — RTY's ETF twin |
| KRE | Regional Banking ETF | Credit conditions — banks = economy = small caps |
| HYG | High Yield Bond ETF | Risk sentiment — spreads widening = bad for RTY |
| SMH | Semiconductor ETF | Tech sector health — risk-on = small caps rally |───
🔑 How They Work Together
RTY is Driven By:
1. IWM (Russell 2000 ETF) — Direct proxy. When IWM strengthens vs SPY, small caps are leading.
2. KRE (Regional Banks) — Small caps are economically sensitive. If banks are strong (KRE up), economy = good = RTY = good.
3. HYG (High Yield Bonds) — Credit conditions. When HYG falls (spreads widen), risk-off = RTY gets hit hard.
4. SMH (Semiconductors) — Risk-on indicator. When semis rally, small caps typically outperform.
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📊 Scoring for RTY
| Signal | IWM | KRE | HYG | SMH |
| ------- | ----- | ----- | ----- | ----- |
| Bullish | > PDH | > PDH | > PDH | > PDH |
| Bearish | < PDL | < PDL | < PDL | < PDL |Note: Unlike NQ matrix — ALL 4 tickers move WITH RTY (no inversions).
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Matrix States for RTY
| Score | State | Meaning for RTY |
| ----- | --------- | ------------------------------------ |
| +3/+4 | 🟢 GREEN | All aligned — Strong small cap rally |
| +1/+2 | 🟡 YELLOW | Mixed — Reduced size |
| 0 | ⚫ BLACK | Neutral — No edge |
| -1/-2 | 🟣 PURPLE | Weakness building |
| -3/-4 | 🔴 RED | Risk-off — Small caps under pressure |───
🐛 Bug Fixes
• Fixed table border rendering
• Fixed VWAP calculation timing
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⚠️ Disclaimer
Educational purposes only. Not financial advice. RTY is more volatile than NQ/ES — use smaller position sizes. Trade at your own risk.
Release Date: March 12, 2026
Purpose: Russell 2000 (RTY) Trading Indicator
───
🚀 What's New
Table Background Color 🆕
• Fully customizable table background
Table Position
• 9 positions: Top/Middle/Bottom × Left/Center/Right
Table Size
• Tiny, Small, Normal
Trend Text Toggle
• Switch between dots or text labels
───
🎯 The 4 Tickers (For RTY)
This indicator tracks 4 tickers that drive Russell 2000 direction:
| Ticker | What It Is | Why It Matters for RTY |
| ------ | -------------------- | ------------------------------------------------ |
| IWM | Russell 2000 ETF | The actual small-cap index — RTY's ETF twin |
| KRE | Regional Banking ETF | Credit conditions — banks = economy = small caps |
| HYG | High Yield Bond ETF | Risk sentiment — spreads widening = bad for RTY |
| SMH | Semiconductor ETF | Tech sector health — risk-on = small caps rally |───
🔑 How They Work Together
RTY is Driven By:
1. IWM (Russell 2000 ETF) — Direct proxy. When IWM strengthens vs SPY, small caps are leading.
2. KRE (Regional Banks) — Small caps are economically sensitive. If banks are strong (KRE up), economy = good = RTY = good.
3. HYG (High Yield Bonds) — Credit conditions. When HYG falls (spreads widen), risk-off = RTY gets hit hard.
4. SMH (Semiconductors) — Risk-on indicator. When semis rally, small caps typically outperform.
───
📊 Scoring for RTY
| Signal | IWM | KRE | HYG | SMH |
| ------- | ----- | ----- | ----- | ----- |
| Bullish | > PDH | > PDH | > PDH | > PDH |
| Bearish | < PDL | < PDL | < PDL | < PDL |Note: Unlike NQ matrix — ALL 4 tickers move WITH RTY (no inversions).
───
Matrix States for RTY
| Score | State | Meaning for RTY |
| ----- | --------- | ------------------------------------ |
| +3/+4 | 🟢 GREEN | All aligned — Strong small cap rally |
| +1/+2 | 🟡 YELLOW | Mixed — Reduced size |
| 0 | ⚫ BLACK | Neutral — No edge |
| -1/-2 | 🟣 PURPLE | Weakness building |
| -3/-4 | 🔴 RED | Risk-off — Small caps under pressure |───
🐛 Bug Fixes
• Fixed table border rendering
• Fixed VWAP calculation timing
───
⚠️ Disclaimer
Educational purposes only. Not financial advice. RTY is more volatile than NQ/ES — use smaller position sizes. Trade at your own risk.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.