TradingView Stage Analysis Indicator

UPDATED - NOW SHOWS 40 STOCKS PER SECTOR - CHANGE SECTOR IN THE SETTINGS!

The ShortSeller’s Stage Sniper is an “awesome” tool because it digitizes one of the most respected frameworks in professional investing: Stan Weinstein’s Stage Analysis.

While many traders get lost in short-term noise, this script forces you to look at the “Big Picture” using institutional-grade logic. Here is why this specific Pine Script code is so effective:

The script mathematically defines the four phases of a market cycle, removing all emotional guesswork:

• Stage 1 (Basing): Price crosses the MA, but the trend hasn’t started. It’s the “watch and wait” zone (Yellow).

• Stage 2 (Markup): The “Profit Zone.” Price is above a rising MA with positive relative strength (Green).

• Stage 3 (Topping): Momentum stalls and the price begins to churn around the MA (Orange).

• Stage 4 (Decline): The “Danger Zone.” Price is below a falling MA (Red).

This is the “Pro” feature of the script. Most traders look at a stock in a vacuum; this script calculates Mansfield RS to compare the stock directly against a benchmark (like SPY).

• It ensures you aren’t just buying a stock that is going up, but one that is outperforming the market.

• In the code, a stock cannot enter a true Stage 2 unless mansfield_rs > 0. This prevents you from buying “laggards” that are only rising because the tide is lifting all boats.

By adding an 8-Week EMA, the script provides an early warning system.

• While the 30-Week MA is the long-term anchor, the 8-Week EMA acts as a “speedline.”

• If the dashboard shows the Stage is 2 but the 8W EMA is “BROKEN,” it’s an immediate signal that the short-term momentum is waning, even if the long-term trend is still intact.

The script uses request.security to pull Weekly data regardless of what timeframe you are viewing. This is critical because Stage Analysis is designed to be a weekly trend-following system. It prevents you from being “faked out” by a single bad day on a daily chart if the weekly structure remains bullish.

Looking at the current S&P 500 chart, you can see the dashboard in action:

• At a Glance: You don’t need to do math or squint at lines. The bottom-right panel tells you exactly where the asset sits in its cycle.

• Institutional Bias: By color-coding the 30-week MA based on the Stage, the chart itself becomes a traffic light—telling you when to go heavy (Green) and when to get out (Red).

MetricBullish RequirementPurposeCurrent CycleStage 2 (Markup)Confirms the primary uptrend is active.30W MA SlopeRisingEnsures long-term institutional support.Mansfield RSPositiveConfirms outperformance vs. the S&P 500.8W EMAHoldingConfirms short-term momentum is still “fast.”

Copy and paste the source code below into the TradingView Pine editor, and save as ShortSeller’s Stage Sniper