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