The Stage Analysis Technical Attributes (SATA) is a unique highly visual indicator to help identify the four stages from Stan Weinstein's Stage Analysis method, as described in the classic book Stan Weinstein's Secrets for Profiting in Bull and Bear Markets.
The indicator is made up of 10 separate bands. Each of which is coloured be either Positive (Green), Neutral (Blue) or Negative (Red), with a score of 1 or 0 is assigned to each.
The coloured bands measure different aspects of the Stage Analysis methods key components, including:
Breakouts and Breakdowns
Price / Moving Averages
Mansfield Relative Strength
Momentum
Volume
Overhead Resistance
Each Positive (Green) square is given a score of 1, and each Neutral (Blue) or Negative (Red) square get a score of zero, and so a rating system of 0 to 10 is generated.
There's no easy automated way to define the four stages, but by using a scoring system is one of the most accurate ways that we've seen, especially at the Stage 2 breakout and Stage 4 breakdown points. But it is still only a rough guide, as you still need to use your eyes to define the key levels.
To define the four Stages (a general rough guide, as they will overlap at times, so you still need to use your eyes):
SATA Scores:
6 to 10 = Stage 2 (Uptrend)
Rising to 2 to 8 = Stage 1 (Accumulation Basing Period)
Dropping to 8 to 2 = Stage 3 (Distribution Basing Period)
0 to 5 = Stage 4 (Downtrend)
Major Transitions between the Stages:
Use these figures only as a ROUGH GUIDE ONLY. You still need to use your eyes. But here are some typical SATA Scores at the major transitions between the Stages.
Stage 2 Breakout: Typically a SATA score of 9 or 10 (look for the top square to be green, as identifies a breakout)
Stage 4 Breakdown: Typically a SATA score of 1 or 0
Entering Stage 1 following a Stage 4 decline: Typically a SATA score of 4 to 6 after a period where the score is below 3
Entering Stage 3 following a Stage 2 advance: Typically a SATA score of 4 to 6 after a period where the score is above 7
This is the first version of the SATA indicator. So we'll be looking to improve it further, as we get more data from using it.
We hope you enjoy using it, and it helps you to better understand the four Stages.
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removed source code line
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Added: First Line Neutral Color Input
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Added: Input to change the Mansfield RS Symbol
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Changed: Code comment
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Below lists what each line represents:
(10) Breakouts / Breakdowns
(9,8,7,6) Price / Moving Averages
(5) Mansfield Relative Strength
(4,3) Momentum
(2) Volume
(1) Overhead Resistance
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Changed: Overhead Resistance parameter
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Titles added to each of the 10 rows
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Added: Total SATA Score and the option to create a more subtle oscillator version of the indicator. Just go into the settings and turn off the blocks, and turn on the levels and SATA Score.
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Added: Background color options if used in overlay view
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Updated chart to highlight the multiple use cases for the indicator.
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Updated chart image
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Updated image
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Updated chart to show the different style options for the SATA indicator
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Updated: Volume: Line 1 calculation updated to show the positive or negative colour, as soon as indicator has enough data to display it. As it was showing the neutral colour until the first crossover / crossunder of the indicators components on the matrix style. But the SATA score is unaffected, as that was already showing correctly.
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Updated the Breakouts / Breakdowns row code
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Changed the initial display style when adding to a chart to use the SATA oscillator under the chart as a separate indicator. The Background colours and the Grid style can be still turned on via the settings. But this is our preferred usage of the SATA indicator currently.
Este script é publicado como de código fechado e você pode usá-lo livremente. Você pode favoritá-lo para utilizá-lo em um gráfico. Você não pode visualizar ou modificar seu código fonte.
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