OPEN-SOURCE SCRIPT

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RS Stage Analysis

This script trying to detect different lifecycle of stock / Stages.

There is mainly 4 stages of stocks.

1) stage 1 - Accumulation = color = aqua

2) stage 2 - Advancing = color = green

3) stage 3 - Distribution = color = yellow

4) stage 4 - Declining = color = red

At some point the condition i wrote wont detect any stage.

Phát hành các Ghi chú

Implemented Auto Draw Support & Resistance line using below logic

This is upgraded logic

This is how you can marking the chart.

Stage 1

➡️First day of stage 1 high.
only confirm if after stage 1 there is again stage 4 or no stage for at least 2 days.

OR
Stage 1 stays for 5 time frame (including no stage)

Stage 3

➡️First day of stage 3 low.
only confirm if stage 3 stay more than 1 days. and before it stage 2.

Phát hành các Ghi chú

Improvements

Phát hành các Ghi chú

Added no of look back periods to use for auto draw support & resistance.

this will help full to load script much faster and also not generating too much lines on the chart.

Phát hành các Ghi chú

Removed complex condition to generate the stage 1 resistance line.

1) Added rs84 and rs72 to decide stage 1
2) Now using last 7 days high as resistance to avoid fluctuation for both stage 1 and stage 3 resistance.
3) changed from low to high for stage 3 resistance.
4) now only using one simple code to generate the stage 1 resistance line.
-> minimum 1 day in stage 1 and stage 0 in last 5 days or stage 1 in 2 days in last 5 days

Phát hành các Ghi chú

Added one more condition for stage 3 resistance

Phát hành các Ghi chú

Added

Days gap between 2 same stage lines input, to avoid multiple lines draw very close to each other.

Phát hành các Ghi chú

improvements in stage 1 line draw code

Phát hành các Ghi chú

bug fix in lookback code

Phát hành các Ghi chú

Added one more condition to generate stage 1 data

Phát hành các Ghi chú

Added Stage 2 Resistance Line

Phát hành các Ghi chú

Added Stage 1 Proper Resistance Lines option

if someone who are not sure about the Stage 1 resistance line now they can disable that option and only enable the Stage 1 Proper Resistance Lines option.

Phát hành các Ghi chú

improvements in stage 1 proper resistance line code.

Phát hành các Ghi chú

Improvements in proper stage 1 resistance line.

Phát hành các Ghi chú

-> Changed stage 2 color opacity when rs above ema147 and ema168 to easily identified proper stage 2 uptrend.

-> Hide stage 1 resistance line default to generate less lines.

-> Added stage 2 proper resistance line when rs above ema147 and ema168

now one should only enter a trade if green background color opacity is less.

Phát hành các Ghi chú

-> Hide default stage 1 proper resistance line.

-> Changed condition to generate proper stage 2 resistance line.

Phát hành các Ghi chú

Changed resistance lines high from 7 days high to 15 days high.

Phát hành các Ghi chú

Changed default comparison symbol from NIFTY50 TO CNX500

Phát hành các Ghi chú

Bug fix in stage 2 proper resistance line code.

Phát hành các Ghi chú

Upgraded stage 3 resistance line code.

Phát hành các Ghi chú

Changed ema length from 126 to 189

now checking close / open above all three ema, vwma, vwma-high

some code clean.

Phát hành các Ghi chú

Changed 189 ema/vwma to sma 200, 150, 100

Phát hành các Ghi chú

Updated condition for stage 2

Phát hành các Ghi chú

Updated stage 2 condition

Phát hành các Ghi chú

changed default settings.

Phát hành các Ghi chú

bug fix in stage 1

Phát hành các Ghi chú

bug fix in stage 1

Phát hành các Ghi chú

Added chart timeframe using timeframe.period instead daily timeframe for comparison index / stock.

Phát hành các Ghi chú

Updated stage 2.1 and stage 2 detection condition

Mã nguồn mở

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.

jadeja_rajdeep

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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.

Mã nguồn mở

jadeja_rajdeep

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