Over the years, I have received numerous DMs expressing interest in my @tradingview indicators and setup. I would like to take this opportunity to delve deeper into the subject and share 4 indicators that I believe can provide extreme value, especially for free users. Furthermore, I am nominating @JohnMuchow, @DumbleDax, @finallynitin, @amphtrading, and @TraderLion_ as potential candidates for @tradingview's Wizard Program - Pine Script Wizards.
1. ESV Dashboard by @JohnMuchow, also provided by @DumbleDax View quarterly earnings per share (EPS) and sales data. Optional visual icons can be shown comparing data on a Year-over-Year (YoY) and/or Quarter-on-Quarter (QoQ) basis. Note: This indicator uses basic EPS data to calculate earnings. For relatively new issues (IPOs, etc), some platforms/tools may use diluted EPS data as a means to account for outstanding stock options, convertible preferred shares, etc. In this scenario, you will notice differences in the earnings information.
2. ADR& / ATR/ LoD dist. Table -ADR%: Average daily range (in percent). -ATR: Average true range (hidden by default). -LoD dist.: Distance of current price to low of the day as a percentage of ATR I have been communicating with ArmerSchlucker over TV platform for some tweak as i felt this is a simple yet powerful tool that have plenty of potential to explore further. This is specially helpful for traders that screen for high momentum names, and seeking tight entries for high risk-reward. There's a discussion previously on how i utilize the value LoD, ATR and ADR% as below x.com/jeffsuntrading…
3. MarketSmith setup in Tradingview by @DumbleDax (also IBD RS Rating), and @amphtrading Over 100+ hours spent coding every indicators to save your $150/month. 2 different version below @DumbleDax version youtube.com/watch?v=XKyfIv… @amphtrading version youtube.com/watch?v=92QStI…
@jeffsuntrading What are for example concrete numbers of ADR, ATR and LoD you are looking for? For example: rarely open a position above LoD 50%
@jeffsuntrading Jeff, could you elaborate more on the usage on this? I am trying to understand the application of this indicator to your trading. Many thanks!
@jfsrevg -Excellent indicator I'm using daily -Would be even better if it integrated crypto data like market-cap & sector ("category" in the crypto screener) -TV does have a "Vol Change 24h" parameter similar to the stock screener's "Pre-market Vol"