RS Stage Analysis
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.
Информация о релизе:
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.
Информация о релизе:
Improvements
Информация о релизе:
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.
Информация о релизе:
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
Информация о релизе:
Added one more condition for stage 3 resistance
Информация о релизе:
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.
Информация о релизе:
improvements in stage 1 line draw code
Информация о релизе:
bug fix in lookback code
Информация о релизе:
Added one more condition to generate stage 1 data
Информация о релизе:
Added Stage 2 Resistance Line
Информация о релизе:
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.
Информация о релизе:
improvements in stage 1 proper resistance line code.
Информация о релизе:
Improvements in proper stage 1 resistance line.
Информация о релизе:
-> 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.
Информация о релизе:
-> 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.
Информация о релизе:
Changed resistance lines high from 7 days high to 15 days high.
Информация о релизе:
Changed default comparison symbol from NIFTY50 TO CNX500
Информация о релизе:
Bug fix in stage 2 proper resistance line code.
Информация о релизе:
Upgraded stage 3 resistance line code.
Информация о релизе:
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.
Информация о релизе:
Changed 189 ema/vwma to sma 200, 150, 100
Информация о релизе:
Updated condition for stage 2
Информация о релизе:
Updated stage 2 condition
Информация о релизе:
changed default settings.
Информация о релизе:
bug fix in stage 1
Информация о релизе:
bug fix in stage 1
Информация о релизе:
Added chart timeframe using timeframe.period instead daily timeframe for comparison index / stock.
Информация о релизе:
Updated stage 2.1 and stage 2 detection condition