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.
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.
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.
Nota Keluaran:
Improvements
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.
this will help full to load script much faster and also not generating too much lines on the chart.
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
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
Nota Keluaran:
Added one more condition for stage 3 resistance
Nota Keluaran:
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.
Nota Keluaran:
improvements in stage 1 line draw code
Nota Keluaran:
bug fix in lookback code
Nota Keluaran:
Added one more condition to generate stage 1 data
Nota Keluaran:
Added Stage 2 Resistance Line
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.
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.
Nota Keluaran:
improvements in stage 1 proper resistance line code.
Nota Keluaran:
Improvements in proper stage 1 resistance line.
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.
-> 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.
Nota Keluaran:
-> 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.
Nota Keluaran:
Changed resistance lines high from 7 days high to 15 days high.
Nota Keluaran:
Changed default comparison symbol from NIFTY50 TO CNX500
Nota Keluaran:
Bug fix in stage 2 proper resistance line code.
Nota Keluaran:
Upgraded stage 3 resistance line code.
Nota Keluaran:
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.
Nota Keluaran:
Changed 189 ema/vwma to sma 200, 150, 100
Nota Keluaran:
Updated condition for stage 2
Nota Keluaran:
Updated stage 2 condition
Nota Keluaran:
changed default settings.
Nota Keluaran:
bug fix in stage 1
Nota Keluaran:
bug fix in stage 1
Nota Keluaran:
Added chart timeframe using timeframe.period instead daily timeframe for comparison index / stock.
Nota Keluaran:
Updated stage 2.1 and stage 2 detection condition