OPEN-SOURCE SCRIPT

Stage Analysis

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This indicator helps in identification of stage cycle of a stock. Only to be analysed on Weekly and Daily timeframe.

Stages
  • Stage 1 - Accumulation phase of a stock
  • Stage 2 - Uptrend phase
  • Stage 3 - Distribution phase
  • Stage 4 - Downtrend


As shown in the chart, each stock go through its stage cycle. Below points confirms the uptrend of a stock
This will give idea of when to buy a stock
  • Wait for first green label up bar to appear which is confirmation for stage 1 completion
  • Another green label appears which will indicate stage 2 is starting
  • Finally yellow label up appears which confirms the stage 2 uptrend


Once the yellow bar appears, Wait for a base to be formed then go for buy.

credits: Inspired from BigBitsIO tutorials and finallynitin

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.