RS Stage Analysis

18 Mac 2023

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.

24 Mac 2023

Nota Keluaran

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.

24 Mac 2023

Nota Keluaran

Improvements

26 Mac 2023

Nota Keluaran

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.

21 Mei 2023

Nota Keluaran

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

21 Mei 2023

Nota Keluaran

Added one more condition for stage 3 resistance

21 Mei 2023

Nota Keluaran

Added

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

21 Mei 2023

Nota Keluaran

improvements in stage 1 line draw code

21 Mei 2023

Nota Keluaran

bug fix in lookback code

27 Mei 2023

Nota Keluaran

Added one more condition to generate stage 1 data

14 Jun 2023

Nota Keluaran

Added Stage 2 Resistance Line

15 Jun 2023

Nota Keluaran

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.

15 Jun 2023

Nota Keluaran

improvements in stage 1 proper resistance line code.

15 Jun 2023

Nota Keluaran

Improvements in proper stage 1 resistance line.

16 Jul 2023

Nota Keluaran

-> 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.

16 Jul 2023

Nota Keluaran

-> Hide default stage 1 proper resistance line.

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

16 Jul 2023

Nota Keluaran

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

16 Jul 2023

Nota Keluaran

Changed default comparison symbol from NIFTY50 TO CNX500

16 Jul 2023

Nota Keluaran

Bug fix in stage 2 proper resistance line code.

20 Jul 2023

Nota Keluaran

Upgraded stage 3 resistance line code.

30 Jul 2023

Nota Keluaran

Changed ema length from 126 to 189

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

some code clean.

30 Jul 2023

Nota Keluaran

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

30 Jul 2023

Nota Keluaran

Updated condition for stage 2

30 Jul 2023

Nota Keluaran

Updated stage 2 condition

30 Jul 2023

Nota Keluaran

changed default settings.

30 Jul 2023

Nota Keluaran

bug fix in stage 1

30 Jul 2023

Nota Keluaran

bug fix in stage 1

1 Ogo 2023

Nota Keluaran

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

13 Ogo 2023

Nota Keluaran

Updated stage 2.1 and stage 2 detection condition