OPEN-SOURCE SCRIPT
已更新 RS Stage Analysis

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.
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.
發行說明
Implemented Auto Draw Support & Resistance line using below logicThis 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.
發行說明
Improvements發行說明
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.
發行說明
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
發行說明
Added one more condition for stage 3 resistance發行說明
Added Days gap between 2 same stage lines input, to avoid multiple lines draw very close to each other.
發行說明
improvements in stage 1 line draw code發行說明
bug fix in lookback code發行說明
Added one more condition to generate stage 1 data發行說明
Added Stage 2 Resistance Line發行說明
Added Stage 1 Proper Resistance Lines optionif 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.
發行說明
improvements in stage 1 proper resistance line code.發行說明
Improvements in proper stage 1 resistance line.發行說明
-> 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.
發行說明
-> Hide default stage 1 proper resistance line.-> Changed condition to generate proper stage 2 resistance line.
發行說明
Changed resistance lines high from 7 days high to 15 days high.發行說明
Changed default comparison symbol from NIFTY50 TO CNX500發行說明
Bug fix in stage 2 proper resistance line code.發行說明
Upgraded stage 3 resistance line code.發行說明
Changed ema length from 126 to 189now checking close / open above all three ema, vwma, vwma-high
some code clean.
發行說明
Changed 189 ema/vwma to sma 200, 150, 100發行說明
Updated condition for stage 2發行說明
Updated stage 2 condition發行說明
changed default settings.發行說明
bug fix in stage 1發行說明
bug fix in stage 1發行說明
Added chart timeframe using timeframe.period instead daily timeframe for comparison index / stock.發行說明
Updated stage 2.1 and stage 2 detection condition免責聲明
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