OPEN-SOURCE SCRIPT

RS Stage Analysis

Aktualisiert

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.

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.

Versionshinweise

Improvements

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.

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

Versionshinweise

Added one more condition for stage 3 resistance

Versionshinweise

Added

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

Versionshinweise

improvements in stage 1 line draw code

Versionshinweise

bug fix in lookback code

Versionshinweise

Added one more condition to generate stage 1 data

Versionshinweise

Added Stage 2 Resistance Line

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.

Versionshinweise

improvements in stage 1 proper resistance line code.

Versionshinweise

Improvements in proper stage 1 resistance line.

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.

Versionshinweise

-> Hide default stage 1 proper resistance line.

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

Versionshinweise

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

Versionshinweise

Changed default comparison symbol from NIFTY50 TO CNX500

Versionshinweise

Bug fix in stage 2 proper resistance line code.

Versionshinweise

Upgraded stage 3 resistance line code.

Versionshinweise

Changed ema length from 126 to 189

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

some code clean.

Versionshinweise

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

Versionshinweise

Updated condition for stage 2

Versionshinweise

Updated stage 2 condition

Versionshinweise

changed default settings.

Versionshinweise

bug fix in stage 1

Versionshinweise

bug fix in stage 1

Versionshinweise

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

Versionshinweise

Updated stage 2.1 and stage 2 detection condition

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

jadeja_rajdeep

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