OPEN-SOURCE SCRIPT
IPO Day High Line (<= 1000 Trading Days)
This script is about the stocks listed in the last 1000 trading days. It searches for the highest price point on the listing's day and draws a horizontal line.
It is assumed that newly listed stocks have completed their base formation once they cross the highest price point of day one. It is useful for traders when the stock is listed in the last 1000 Days. I have kept it simple; feedback and improvements appreciated.
Since we are looking for 1st Day's high, it works better on daily timeframe.
It is assumed that newly listed stocks have completed their base formation once they cross the highest price point of day one. It is useful for traders when the stock is listed in the last 1000 Days. I have kept it simple; feedback and improvements appreciated.
Since we are looking for 1st Day's high, it works better on daily timeframe.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.