RS Stage Analysis

18 Mar 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 Mar 2023

Sürüm Notları

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 Mar 2023

Sürüm Notları

Improvements

26 Mar 2023

Sürüm Notları

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 May 2023

Sürüm Notları

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 May 2023

Sürüm Notları

Added one more condition for stage 3 resistance

21 May 2023

Sürüm Notları

Added

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

21 May 2023

Sürüm Notları

improvements in stage 1 line draw code

21 May 2023

Sürüm Notları

bug fix in lookback code

27 May 2023

Sürüm Notları

Added one more condition to generate stage 1 data

14 Haz 2023

Sürüm Notları

Added Stage 2 Resistance Line

15 Haz 2023

Sürüm Notları

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 Haz 2023

Sürüm Notları

improvements in stage 1 proper resistance line code.

15 Haz 2023

Sürüm Notları

Improvements in proper stage 1 resistance line.

16 Tem 2023

Sürüm Notları

-> 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 Tem 2023

Sürüm Notları

-> Hide default stage 1 proper resistance line.

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

16 Tem 2023

Sürüm Notları

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

16 Tem 2023

Sürüm Notları

Changed default comparison symbol from NIFTY50 TO CNX500

16 Tem 2023

Sürüm Notları

Bug fix in stage 2 proper resistance line code.

20 Tem 2023

Sürüm Notları

Upgraded stage 3 resistance line code.

30 Tem 2023

Sürüm Notları

Changed ema length from 126 to 189

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

some code clean.

30 Tem 2023

Sürüm Notları

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

30 Tem 2023

Sürüm Notları

Updated condition for stage 2

30 Tem 2023

Sürüm Notları

Updated stage 2 condition

30 Tem 2023

Sürüm Notları

changed default settings.

30 Tem 2023

Sürüm Notları

bug fix in stage 1

30 Tem 2023

Sürüm Notları

bug fix in stage 1

1 Ağu 2023

Sürüm Notları

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

13 Ağu 2023

Sürüm Notları

Updated stage 2.1 and stage 2 detection condition