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[LV] Tight_Bar

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This indicator is being inspired from William O'Neil's "tight bar" strategy, focuses on identifying stocks in consolidation phases (bases) with narrow price ranges and declining volume, signaling strong institutional accumulation before a major breakout. It's about spotting strong stocks pausing for breath, not selling off, indicated by few price swings (tight bars).
The price ranges is being calculated by ATR-Based Dynamic Threshold.
And you can manually select how many bars to include to the tightness check.
It will automatically draw tight lines according to your choices.

In addition moving averages being added to the indicator where you can modify based on your own preferences.

William O'Neil is also pointing out the importance of fundamental status of stocks. Therefore, following "Quality Check" fundamentals is being added to the table.
PIOTROSKI_F_SCORE
ALTMAN_Z_SCORE
RETURN_ON_INVESTED_CAPITAL
RETURN_ON_EQUITY
OPERATING_MARGIN
EARNINGS_PER_SHARE_BASIC_ONE_YEAR_GROWTH
REVENUE_ONE_YEAR_GROWTH"

You will be able to see stock's momentum as well on the table. The following items is being added to "Momentum Check" table.
- A low volume within the base, leading to potentially massive gains on a volume-driven breakout is important: A status of volume increase comparing previous weeks' average.
- Directional movement index
- Market trend check (e.g. SPX)
- Liquidity check of stock
- Relative volume
- ADR%
- ATR%

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.