This indicator, called "Earnings Date Highlighter," is designed to visualize earnings data for up to four different stocks on a single chart. It's particularly useful for traders or investors who want to track earnings events for multiple companies simultaneously, such as the top holdings of an ETF.
Key features: 1. Tracks earnings data (estimates and actuals) for four user-defined symbols. 2. Plots earnings data points with customizable colors for each symbol. 3. Highlights earnings dates with background colors. 4. Displays green up arrows for earnings beats and red down arrows for earnings misses.
Why someone would use it: 1. To monitor earnings events for multiple stocks in a single view. 2. To quickly identify potential market-moving events for key components of an ETF or portfolio. 3. To spot patterns in earnings performance across different companies or sectors. 4. To help with timing trades or adjusting positions around earnings announcements.
This tool can be particularly valuable for investors focused on ETFs, as it allows them to visualize earnings dates and performance for the ETF's major holdings all in one place, potentially providing insights into how the ETF might behave around these key events.
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