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.
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.
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.
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
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.
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.
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.
-> 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.
-> 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.
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