OPEN-SOURCE SCRIPT
DDDDD: SET50 (40 Stocks) - % New 52W Lows
DDDDD: SET50 - % New 52W Lows (40 Stocks)
This indicator measures the percentage of selected SET50 stocks making a new 52-week low, helping identify periods of extreme market fear that often align with long-term buying opportunities.
How It Works:
Tracks the daily closing prices of 40 major SET50 constituents.
A stock is counted when it closes at its lowest price over the past 252 trading days (approximately 1 year).
Calculates the percentage of new 52-week lows relative to 40 stocks.
Displays threshold lines to highlight levels of market panic.
📈 Threshold Levels:
Threshold Line Color Level (%) Interpretation Action
30% Threshold Orange 30% Early signs of stress Start monitoring opportunities
33% Threshold Yellow 33% Confirmed panic Consider gradual accumulation
50% Panic Zone Red 50% Extreme market panic Aggressive accumulation zone
📌 Important Notes:
Why not use the full 50 stocks?
Due to TradingView Pine Script's current technical limits, a script cannot request data for more than 40 symbols efficiently.
Therefore, this indicator uses 40 representative SET50 stocks to ensure optimal performance without exceeding system limits.
The selected stocks are diversified across major sectors to maintain reliability.
🔥 Key Insights:
Historically, spikes above 30%-50% of stocks making new lows have coincided with major market bottoms (e.g., 2011, 2020).
Higher simultaneous new lows = stronger potential for long-term recovery.
This indicator measures the percentage of selected SET50 stocks making a new 52-week low, helping identify periods of extreme market fear that often align with long-term buying opportunities.
How It Works:
Tracks the daily closing prices of 40 major SET50 constituents.
A stock is counted when it closes at its lowest price over the past 252 trading days (approximately 1 year).
Calculates the percentage of new 52-week lows relative to 40 stocks.
Displays threshold lines to highlight levels of market panic.
📈 Threshold Levels:
Threshold Line Color Level (%) Interpretation Action
30% Threshold Orange 30% Early signs of stress Start monitoring opportunities
33% Threshold Yellow 33% Confirmed panic Consider gradual accumulation
50% Panic Zone Red 50% Extreme market panic Aggressive accumulation zone
📌 Important Notes:
Why not use the full 50 stocks?
Due to TradingView Pine Script's current technical limits, a script cannot request data for more than 40 symbols efficiently.
Therefore, this indicator uses 40 representative SET50 stocks to ensure optimal performance without exceeding system limits.
The selected stocks are diversified across major sectors to maintain reliability.
🔥 Key Insights:
Historically, spikes above 30%-50% of stocks making new lows have coincided with major market bottoms (e.g., 2011, 2020).
Higher simultaneous new lows = stronger potential for long-term recovery.
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。