RS Stage Analysis

18. März 2023

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.

24. März 2023

Versionshinweise

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.

24. März 2023

Versionshinweise

Improvements

26. März 2023

Versionshinweise

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.

21. Mai 2023

Versionshinweise

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

21. Mai 2023

Versionshinweise

Added one more condition for stage 3 resistance

21. Mai 2023

Versionshinweise

Added

Days gap between 2 same stage lines input, to avoid multiple lines draw very close to each other.

21. Mai 2023

Versionshinweise

improvements in stage 1 line draw code

21. Mai 2023

Versionshinweise

bug fix in lookback code

27. Mai 2023

Versionshinweise

Added one more condition to generate stage 1 data

14. Juni 2023

Versionshinweise

Added Stage 2 Resistance Line

15. Juni 2023

Versionshinweise

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.

15. Juni 2023

Versionshinweise

improvements in stage 1 proper resistance line code.

15. Juni 2023

Versionshinweise

Improvements in proper stage 1 resistance line.

16. Juli 2023

Versionshinweise

-> 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.

16. Juli 2023

Versionshinweise

-> Hide default stage 1 proper resistance line.

-> Changed condition to generate proper stage 2 resistance line.

16. Juli 2023

Versionshinweise

Changed resistance lines high from 7 days high to 15 days high.

16. Juli 2023

Versionshinweise

Changed default comparison symbol from NIFTY50 TO CNX500

16. Juli 2023

Versionshinweise

Bug fix in stage 2 proper resistance line code.

20. Juli 2023

Versionshinweise

Upgraded stage 3 resistance line code.

30. Juli 2023

Versionshinweise

Changed ema length from 126 to 189

now checking close / open above all three ema, vwma, vwma-high

some code clean.

30. Juli 2023

Versionshinweise

Changed 189 ema/vwma to sma 200, 150, 100

30. Juli 2023

Versionshinweise

Updated condition for stage 2

30. Juli 2023

Versionshinweise

Updated stage 2 condition

30. Juli 2023

Versionshinweise

changed default settings.

30. Juli 2023

Versionshinweise

bug fix in stage 1

30. Juli 2023

Versionshinweise

bug fix in stage 1

1. Aug. 2023

Versionshinweise

Added chart timeframe using timeframe.period instead daily timeframe for comparison index / stock.

13. Aug. 2023

Versionshinweise

Updated stage 2.1 and stage 2 detection condition