OPEN-SOURCE SCRIPT
Aktualisiert 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.
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.
Versionshinweise
- 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_)
Versionshinweise
- You can now customize the color of the bars- You can now display % variation of Peak/Valley points
Versionshinweise
- Added the Weekly Tight Closes Detector available on 'Mark Minervini' scriptVersionshinweise
- Now SMA/EMA colors are customizableVersionshinweise
- Added Optional Beta Chart Recognition PatternVersionshinweise
- Corrected Graph DisplayVersionshinweise
- Corrected graph againVersionshinweise
- Corrected a minor bug that deleted hisotorical valid flat basesVersionshinweise
- Added Double Bottom Detection- Pattern are only detected in Daily TimeFrame
Versionshinweise
- Forgot to link the ability not to display patterns, corrected!Versionshinweise
- Added recent modification on the RS RatingVersionshinweise
- Modified label size to tinyVersionshinweise
- Adjust some parameters in the base formation to be closer to MarketSmith- Corrected some bugs with the double bottom detection
Versionshinweise
- Little correction for the initial depth of the creation of a base -> 35% to 40%Versionshinweise
- Changed default Depth and Length values to better match MarketSmith Chart Pattern Recognition systemVersionshinweise
- Corrected Input Description for Double Bottom Depth and LengthVersionshinweise
- Corrected some parameters for base detection- Changed Dotted Lines to Dashed lines
- More discreet line rendering
Versionshinweise
- Chart updatedVersionshinweise
- Chart Updated (Try to find a correct display)Versionshinweise
- Back to the previous style display because bases were hard to seeVersionshinweise
- Added Beta Cup Detection (not Cup n Handle yet)- Corrected bug of SPX display
Versionshinweise
- Corrected incorrect depth settingVersionshinweise
- Adaptation of offset display for sectors and indicesVersionshinweise
- Rs Rating label adjustedVersionshinweise
- Added Default Blue Dot New HighVersionshinweise
- Now we can display the rating only, eg: for smartphone displayVersionshinweise
- 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.
Versionshinweise
- We can add a second SMA/EMA on the RS Line.Versionshinweise
- Corrected the rounding of the Average VolumeVersionshinweise
- Confused MarketSmith Volume and MarketSmith Indicator. It's late at nightVersionshinweise
- Added EPS & Sales Table due to recent TradingView free plan limitationVersionshinweise
- Corrected the Comparative Symbol for Line input that wasn't correctly wired to the calculation.Versionshinweise
- Removed unused inputVersionshinweise
For the EPS & Sales table- Corrected shifting color to transparent of the daily table
Versionshinweise
- Added the Maj for the EPS & Sales indicatorVersionshinweise
- Corrected wrong digit on the 'versus' display on sales after B_Kaminski pointed it outVersionshinweise
- Updated to EPS & Sales Table Toward MarketSurge lookVersionshinweise
- 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
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
Versionshinweise
EPS and Sales table:- Modified the style of the table toward MarketSurge look
- Used lighter grey for the MarketSmith table
Versionshinweise
- Modify Chart previewOpen-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.