100% Daily Gain Levels

3 Okt 2023

This script takes the previous days closing value and calculates the current 100%, 200%, 300% and 400% levels for that stock.

Using that information it draws a dotted persistent line (with labels on the far right) at those levels. This information can be useful as it can then, at times, act as a support/resistance for momentum stocks. So when a stock runs 100% and holds that level, historically, that stock has a good chance to continue rising. Same when hitting additional "100%" ranges.

The user has the option to deselect the labels and/or lines.

If people find this useful then I can work on adding options that allow users more freedom to adjust how the lines are displayed as well as some enhancements to the display.

27 Dis 2023

Nota Keluaran

Made a minor update to reach up to 1000% and slightly adjusted the different 100% levels.

3 Mac 2024

Nota Keluaran

Added an additional yellow dotted line at the 125% level mark as this level can help indicate continuation or add a support area.

25 Dis 2024

Nota Keluaran

12/24/24: Updated the script so you can now set an alert at any of the 100% (and 125%) levels are crossed. I also added a selectable option that takes the stock and looks back 2 months to see if it has ran 100% any individual day during that time period. If it has it will put a yellow + symbol over the day(s) to indicate 100%+ run. This helps make it quick to see if the stock that is running on momentum is a recent runner or new. This update is based on the 4hr candle close so if a stock runs over 100% you won't see the yellow + appear until after that runs 4hr candle close.