OPEN-SOURCE SCRIPT
Updated Improved Weinstein Stage Analysis
The code provides an actionable, disciplined, and visually informative implementation of the “Stage Analysis” approach pioneered by Stan Weinstein, with enhancements to modernize, automate, and clarify the methodology for today’s traders using TradingView. It faithfully follows the workflow recommended: identify long-term cycles, confirm with volume and relative strength, and only engage aggressively with the market during the advancing (bullish) stage with all “clues” aligned.
Release Notes
Key Enhancements Implemented1. Advanced Stage Logic
Percentage-based MA slope calculation for better sensitivity
Multi-condition stage determination with improved accuracy
Dynamic confirmation system to reduce false signals
2. Sophisticated Volume Analysis
Multi-period volume averages (20 & 50 SMA)
Percentile ranking for context-aware volume spikes
Separate strong vs moderate volume classifications
3. Enhanced Relative Strength
Improved error handling for security data
Momentum-based RS strength detection
Customizable outperformance thresholds
4. Multi-Timeframe Support
Optional higher timeframe confirmation
Stage alignment validation
Visual indicators for timeframe conflicts
5. Advanced Visual Features
Dynamic transparency based on trend strength
Enhanced color coding system
Comprehensive information table with signal strength scoring
6. Improved Alert System
Multi-condition signal validation
Strength-based alert prioritization
Detailed alert messages with context
This enhanced version provides significantly more robust signal generation while maintaining the core Weinstein methodology principles.
Release Notes
minor updatesOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.