OPEN-SOURCE SCRIPT

Atualizado

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.

Notas de Lançamento

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.

Notas de Lançamento

Improvements

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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.

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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

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Added one more condition for stage 3 resistance

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Added

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

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improvements in stage 1 line draw code

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bug fix in lookback code

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Added one more condition to generate stage 1 data

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Added Stage 2 Resistance Line

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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.

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improvements in stage 1 proper resistance line code.

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Improvements in proper stage 1 resistance line.

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-> 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.

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-> Hide default stage 1 proper resistance line.

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

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

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Changed default comparison symbol from NIFTY50 TO CNX500

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Bug fix in stage 2 proper resistance line code.

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Upgraded stage 3 resistance line code.

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Changed ema length from 126 to 189

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

some code clean.

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

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Updated condition for stage 2

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Updated stage 2 condition

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changed default settings.

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bug fix in stage 1

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bug fix in stage 1

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

Notas de Lançamento

Updated stage 2.1 and stage 2 detection condition

Script de código aberto

No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.

jadeja_rajdeep

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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.

Script de código aberto

jadeja_rajdeep

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