IDX Utility Set [zidaniee]Purpose
This indicator is not a technical analysis tool. It’s a companion overlay designed to guide your analysis of the uniquely structured Indonesia Stock Exchange (IDX).
Core Features
Centered Ticker Display – Clean, readable ticker shown at the center of the chart.
Company Name – Displays the listed company’s full name.
Active Timeframe – Shows the currently selected timeframe.
Additional Features
ATH & ATL Markers – Labels the All-Time High (ATH) and All-Time Low (ATL) and shows the percentage distance from the latest price to each level, so you can quickly gauge upside/downside room.
IDX Fraction (Tick) Levels – Visualizes Indonesia’s price-fraction (tick) brackets. This matters because tick size changes by price range—very useful for scalpers and fast traders.
ARA/ARB Levels (Realtime) – Plots Auto-Reject Upper (ARA) and Auto-Reject Lower (ARB) levels in real time. Levels refresh in line with IDX trading hours 09:00–16:00 WIB (UTC+7), so your view stays consistent both during and outside market hours. This feature already complies with the latest rules and adjustments set by the Indonesia Stock Exchange (IDX).
Suspension Status – Shows SUSPENDED if the stock is halted/suspended, helping you avoid unnecessary analysis. The suspension check compares today’s date with the last available candle date and accounts for weekends.
Note: WIB = Western Indonesia Time (UTC+7).
ARB
Currency Conversion for Dual Listed Stocks
This is a small tool for automatic currency conversion for dual listed stocks that trade in different currencies, i.e. Biontec: BNTX (USD) / 22UA (EUR).
- The label shows the converted price and the underlying's currency.
- Base currency is set to EUR.
- Automatically detects the underlying currency via syminfo.currency and converts it.
Kaufman Stress IndicatorStress Indicator, first proposed by Mr. Perry Kaufman, provides an easy way for trading pairs / arbs.
Kaufman's trading rules for Stress Indicator:
- Decide on a pair to trade: For ex., AAPL v QQQ
- Calculate the Stress Indicator (SI) for that pair
- Buy the stock when SI 50
- Calculate the 60-day moving average of QQQ
- If the trend of QQQ is down, hedge the stock position with QQQ equal to the risk of the stock using the 20-day ATR of each
- Exit the hedge when the stock position exits, or exit the hedge when the trend of QQQ turns up
- Do not trade stocks under $3
Explanation of all potential SI applications is beyond this post. For more info:
- ptasite.s3.amazonaws.com
- www.futuresmag.com
- kaufmansignals.com
- TASC 2014 March issue.
Though Kaufman's Stress stategy is built on top of this Stress Indicator, I suggest reading up his full strategy guidelines before applying this.
Kaufman suggests using 60SMA on the index to track the slope. I have included a custom SMA (find it in the middle pane) that can show SMA for any selected symbol. Use the guide below to import that in to your charts: drive.google.com
