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High Quality Setup Detector (Ultimate Edition)

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High Quality Setup Detector (Ultimate Edition)
A complete, rules-based detector for identifying elite high-probability trading setups based on volatility contraction, trend alignment, volume behavior, RS strength, and classic breakout conditions.
This script consolidates multiple proven technical concepts into one unified scoring system — giving traders a fast, objective way to evaluate the overall quality of any chart.
🔍 What This Tool Does
The indicator evaluates 16–18 technical conditions (depending on whether RS is enabled) and assigns each chart a Total Quality Score.
You instantly see:
✔ ADR volatility quality
✔ Big move + constructive pullback
✔ Higher lows (constructive structure)
✔ Trend alignment (20/50/150/200)
✔ Dollar volume strength
✔ Volatility contraction (ATR ratio)
✔ Volume dry-up before breakout
✔ RSI health
✔ Pocket pivot
✔ Extension from the 50-day
✔ Near pivot high
✔ Optional: Sector RS + Ticker RS
The result appears in a clean, color-coded table displayed on-chart.
🎯 Scoring System
Every condition is worth 1 point.
Based on your total score:
🔥 Best Setup — high probability
🟡 Good Setup — decent but not top-tier
🔴 Weak — avoid
This helps keep you disciplined and objective, even during choppy markets.
📊 RS Rating System (Optional)
Enable RS to compute:
Sector RS strength using mapped sector ETFs
Ticker RS strength using a percentile-based multi-quarter performance model
Both follow a full 1–99 rating scale.
🧩 Customizable Display
Adjustable text size (Tiny → Huge)
Clean 3-column diagnostics table
Organized into logical categories (Trend, Volume, Volatility, RS, etc.)
💡 Ideal For
Growth traders
Breakout traders
VCP / volatility contraction pattern traders
Swing traders who want rule-based confirmation
Anyone who wants structured, systematic chart evaluation
Информация о релизе
all you need for swing trading

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