RIVERSTONE Analytics
Where clarity meets conviction

The indicator

RIVERSTONE Daily Swing

RS-Daily is a daily-chart indicator that looks for oversold dips in an established uptrend, and marks the first peak after a signal as a possible exit zone.

Open on TradingView
RS-Daily on a SPY daily chart, showing buy and sell markers and a results table
RS-Daily on SPY (1D). The table shows hypothetical results of past signals since 2020. Past performance does not guarantee future results.

What it does

Trend filter

A moving-average filter keeps signals to charts that are already trending up.

Dip signal

A stochastic oversold reading inside that uptrend marks a signal. Historically, dips like these have tended to be buyable areas.

First-peak exit

By default RS-Daily marks the first peak after a signal, then waits for a fresh signal before flagging another.

Built for the daily

It's designed for the 1D timeframe and defaults to it.

How to add it

  1. Open the RS-Daily page on TradingView.
  2. Click Add to favorites.
  3. On any chart, open Indicators, go to Favorites, and pick RS-Daily.
  4. Set the chart to the daily timeframe.

The script is protected, so the code stays private, but the indicator is free for anyone to use.