morpher

PMAI - Pre-Market Action Indicator

This indicator shows you the pre-market activity of a stock in the Daily view.

Retail investors normally feel powerless in after-hours and pre-market trading time due to either their inability to trade, or failure to find liquidity in a market with few participants. At the same time we know that some of the most important announcements are made during closed market hours; economic indicators, earnings reports, and important summits occur often when most investors cannot trade. However, there is a cause to examine after-hour and pre-market price actions movements as they can often dictate the direction of price action in intraday at open.

This indicator allows you to examine the return profile of pre-market price action of an asset. In this example we can see Beyond Meat ( BYND ) which popped in after hours trading after it's earnings report.

The indicator consists of three variables which are presented in a oscillating manner in the indicator tray.

In Blue, Pre-market return: When the stock market closes at the end of the trading day we enter after-hour trading. After the after-hour trading session is complete, trading resumes in the pre-market the next day - before the regular open. One can view after-hour trading as part of the pre-market - relative to the open the next. In other words; today's after-hours is tomorrows pre-market. That is how we treat pre-market in this indicator.

Pre-market is the delta between Yesterday's Close and Today's Open, and is plotted in blue columns.
Intra-day is the delta between Today's Open and Today's Close, and is plotted in orange columns.
Total Return we consider the effective 24-hour return of the asset; therefore it is the delta from Yesterday*s close to Today's close.

While normally most people cannot trade in pre-market, or choose not to because of market limitations, we at Morpher offer the opportunity to trade any asset 24/7: pre-market and after-hours, and everything in between. Check out our profile for more !

Skrip sumber terbuka

Dalam semangat TradingView yang sebenar, penulis skrip ini telah menerbitkannya dengan menggunakan sumber terbuka supaya pedagang-pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda dapat menggunakannya secara percuma tetapi penggunaan semula kod ini dalam penerbitan adalah dikawalselia oleh Peraturan Dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Ingin menggunakan skrip ini pada carta?