Earnings S/R Levels [LazyBear]

These levels are based on price around earnings day. I have implemented support for 2 calculation modes:

Mode 1: Level = (low of 1 day prior to earnings + high of 1 day after earnings ) / 2.0
Mode 2: Level = ( hl2 of 1 day prior to earnings + hl2 of 1 day after earnings + close from earnings day) / 3.0

Chart above shows "Mode 1". Mode can be changed via options page.

This indicator was requested by user @mika2k1ff. I learnt more about this idea from @DanV and @TimWest (Thanks guys :)). BTW, TimWest has an indicators package, "Key Hidden Levels", that has this and more.

Do let me know how you use this, I am very intrigued by the potential this idea shows. Thanks.

For a complete list of my indicators:
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- Chart:
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
// @author LazyBear 
// List of all my indicators:
study("Earnings S/R Levels [LazyBear]", shorttitle="ELVLS_LB", overlay=true)
mode=input(1, "S/R mode", minval=1, maxval=2)
earnings = security("ESD:"+ticker+"_EARNINGS", "D", close, true)
ehl2_mode1=(nz(earnings[1]) ? avg(low[2],high) : nz(ehl2_mode1[1])) // AVG2(low of 1 day pri, high of 1 day after)
ehl2_mode2=(nz(earnings[1]) ? (hl2[2]+hl2+close[1])/3 : nz(ehl2_mode2[1])) // AVG3(HL2 of 1 day pri, HL2 of 1 day after, close of earnings day)
ehl2=mode==1?ehl2_mode1:mode==2?ehl2_mode2:ehl2_mode1 // default: mode1
plot(ehl2, linewidth=2, style=circles)
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buddy looks really promising ..

it doesnt work on indian stocks .. kindly help
+14 응답
I also picked up this idea back in 1997 from reading Martin Pring's book "Technical Analysis Explained".

Can you make support / resistance for monthly options expiration's. He also mentioned this idea.
+5 응답
TradeEmpowered QuantitativeExhaustion
That sounds like a great idea.
LazyBear QuantitativeExhaustion
monthly options expirations? Can you point me to how I view them now here at TV? Thx
doesnt work on bitcoin is that true? or is there a way? thanks!
Hello LB. I was wondering if you could take look at this indicator. It doesn't seem to be working properly. Please let me know. Thank you
I imagine this could be very useful for Forex traders IF it could be adjusted for High Impact news releases!!! Rate decisions, GDP reports, etc etc.
LazyBear cooney_s
If they are exposed to Pine, surely we can adapt this to that. Thanks for the idea.
Thanks, LB!
timwest mika2k1ff
You are welcome
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
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