MarketSmith Indicator

Purpose

• Recreates key MarketSmith/IBD analysis tools directly in TradingView.
  
• Combines technical, price-action, RS, and fundamental data into one system.
  

Price View (MarketSmith-Style Candles)

• Full-body bars colored by close relative to prior close.
  
• Clean, minimalist style for clearer price interpretation.
  

Moving Averages

• Daily MAs: 10-day, 21-day, 50-day, 200-day.
  
• Weekly MAs: 10-week, 20-week, 30-week, 40-week.
  
• Auto-switches between daily/weekly versions.
  
• Fully customizable SMA/EMA options.
  

Relative Strength (IBD-Style RS Rating)

• RS line plotted against chosen benchmark (default SPX).
  
• Optional MAs, RS new highs/lows markers.
  
• Percentile-based IBD 1–99 RS Rating using seeded market data.
  
• Shows real leadership strength at a glance.
  

Pattern Recognition

• Detects cup-with-handle, double bottoms, flat bases, and broad consolidations.
  
• Tracks pivots, base depth, length, symmetry, and breakout levels.
  
• Draws dynamic base outlines, buy-point boxes, and stop zones.
  
• Includes Weekly Tight Closes signals.
  

Fundamental Panel (EPS & Sales)

• Displays quarterly EPS, sales, YoY/QoQ growth, surprises, ROE, margins.
  
• Eight-quarter weekly table or four-quarter daily headband.
  
• MarketSmith/MarketSurge visual themes.
  
• Earnings arrows with EPS/sales % change.
  

Overall

• A complete growth-trading analysis environment.
  
• Not a signal generator—an integrated decision-support and chart-reading tool.