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.

Release Note

- 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_)

Release Note

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

Release Note

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

Release Note

- Now SMA/EMA colors are customizable

Release Note

- Added Optional Beta Chart Recognition Pattern

Release Note

- Corrected Graph Display

Release Note

- Corrected graph again

Release Note

- Corrected a minor bug that deleted hisotorical valid flat bases

Release Note

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

Release Note

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

Release Note

- Added recent modification on the RS Rating

Release Note

- Modified label size to tiny

Release Note

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

Release Note

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

Release Note

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

Release Note

- Corrected Input Description for Double Bottom Depth and Length

Release Note

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

Release Note

- Chart updated

Release Note

- Chart Updated (Try to find a correct display)

Release Note

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

Release Note

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

Release Note

- Corrected incorrect depth setting

Release Note

- Adaptation of offset display for sectors and indices

Release Note

- Rs Rating label adjusted

Release Note

- Added Default Blue Dot New High

Release Note

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

Release Note

- 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.

Release Note

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

Release Note

- Corrected the rounding of the Average Volume

Release Note

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

Release Note

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

Release Note

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

Release Note

- Removed unused input

Release Note

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

Release Note

- Added the Maj for the EPS & Sales indicator

Release Note

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

Release Note

- Updated to EPS & Sales Table Toward MarketSurge look

Release Note

- 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

Release Note

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

Release Note

- Modify Chart preview

สคริปต์โอเพนซอร์ซ

ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา

Fred6724

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คำจำกัดสิทธิ์ความรับผิดชอบ

ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน

สคริปต์โอเพนซอร์ซ

Fred6724

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