OPEN-SOURCE SCRIPT
Institutional Footprint + RSI
Purpose
Detect early signs of institutional activity (accumulation, distribution, shakeouts) using price and volume behavior, combined with RSI for confirmation.
How It Works
Footprint Score (0–100):
Above 70 → Possible accumulation
Below 30 → Possible distribution
Around 50 → Neutral
Shakeout signals: False breakdowns followed by strong recoveries
RSI Line: Plotted for confirmation
Why It Matters
Catches smart money moves before price reacts. Helps identify stealth accumulation or quiet exits not visible in price alone.
Features
Institutional Footprint + RSI
Shakeout markers
Visual zones
Usage Tips
Combine with RSI, VWAP, or support/resistance. For example: if Footprint shows accumulation and RSI is low, this may signal a high-probability buy setup
Best on 1H, 4H, or Daily timeframes
Not a standalone entry/exit signal
Detect early signs of institutional activity (accumulation, distribution, shakeouts) using price and volume behavior, combined with RSI for confirmation.
How It Works
Footprint Score (0–100):
Above 70 → Possible accumulation
Below 30 → Possible distribution
Around 50 → Neutral
Shakeout signals: False breakdowns followed by strong recoveries
RSI Line: Plotted for confirmation
Why It Matters
Catches smart money moves before price reacts. Helps identify stealth accumulation or quiet exits not visible in price alone.
Features
Institutional Footprint + RSI
Shakeout markers
Visual zones
Usage Tips
Combine with RSI, VWAP, or support/resistance. For example: if Footprint shows accumulation and RSI is low, this may signal a high-probability buy setup
Best on 1H, 4H, or Daily timeframes
Not a standalone entry/exit signal
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.
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.