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Aura RSP Matrix [Pineify]
Pineify - Aura RSP Matrix - Relative Strength Phase Momentum
Aura RSP Matrix compares the chart symbol with a benchmark and classifies it into four relative-strength phases: Leading, Weakening, Lagging, and Improving. It shows whether relative performance is gaining or fading.
Key Features
How It Works
The script requests the benchmark close on the timeframe, divides chart close by benchmark close, then normalizes the result with a WMA. This creates RS Ratio, where values above 100 show relative strength above its recent baseline.
RS Momentum compares RS Ratio with its own WMA baseline. Both series are smoothed with an EMA before phase detection. Smoothing reduces one-bar noise but adds lag.
How the Components Work Together
RS Ratio shows whether the symbol is strong or weak versus the benchmark. RS Momentum shows whether that position is improving or fading. Leading means both are above 100; Weakening means strength remains above 100 while momentum slips; Lagging means both are below 100; Improving means momentum turns up before RS Ratio confirms.
Trading Ideas and Insights
Signals are phase-change markers, not performance guarantees. In choppy markets the matrix can rotate around 100, and live bars may change until close.
Unique Aspects
How to Use
Customization
Conclusion
Aura RSP Matrix is a relative strength context tool for rotation, watchlist filtering, and benchmark-relative trade selection. Use it with price action and risk controls, not as a standalone forecasting system.
Aura RSP Matrix compares the chart symbol with a benchmark and classifies it into four relative-strength phases: Leading, Weakening, Lagging, and Improving. It shows whether relative performance is gaining or fading.
Key Features
- Benchmark-relative RS Ratio and RS Momentum centered around 100.
- Phase coloring for the oscillator, bars, markers, and dashboard.
- Leading and Lagging labels fire only on the first bar of a new phase.
How It Works
The script requests the benchmark close on the timeframe, divides chart close by benchmark close, then normalizes the result with a WMA. This creates RS Ratio, where values above 100 show relative strength above its recent baseline.
RS Momentum compares RS Ratio with its own WMA baseline. Both series are smoothed with an EMA before phase detection. Smoothing reduces one-bar noise but adds lag.
How the Components Work Together
RS Ratio shows whether the symbol is strong or weak versus the benchmark. RS Momentum shows whether that position is improving or fading. Leading means both are above 100; Weakening means strength remains above 100 while momentum slips; Lagging means both are below 100; Improving means momentum turns up before RS Ratio confirms.
Trading Ideas and Insights
- Use Leading as confluence for bullish setups, not as an automatic entry.
- Watch Weakening after strong runs; it may show fading follow-through.
- Use Improving to find names recovering against a benchmark.
- Treat Lagging as a caution filter when stronger alternatives exist.
Signals are phase-change markers, not performance guarantees. In choppy markets the matrix can rotate around 100, and live bars may change until close.
Unique Aspects
- Two-stage WMA normalization separates relative strength from relative momentum.
- One four-state matrix keeps labels, bars, oscillator color, and dashboard status aligned.
- The benchmark input supports market, sector, crypto pair, or cross-asset comparison.
How to Use
- Add the indicator and choose a benchmark for your trading universe.
- Read the phase from bar color, oscillator color, and dashboard.
- Combine phases with price structure, volume, and higher-timeframe context.
Customization
- Calculation Window (default: 20) - WMA normalization period. Higher is smoother; lower is faster.
- Benchmark Ticker (default: SPX) - Relative strength comparison symbol.
- Smoothing Factor (default: 3) - EMA smoothing after RS calculations.
- Phase Colors and Toggles - Adjust colors, labels, and bar coloring.
Conclusion
Aura RSP Matrix is a relative strength context tool for rotation, watchlist filtering, and benchmark-relative trade selection. Use it with price action and risk controls, not as a standalone forecasting system.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
🚀🚀🚀 Pineify - pineify.app
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
🚀🚀🚀 Pineify - pineify.app
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.