OPEN-SOURCE SCRIPT
Quiet Period Box with Key Earnings Level
The green box is the new programming for the "Quiet Period" to show when a company doesn't comment on anything about the prospects for the company which means that analysts can have an undue influence on the stock price during the quiet period.
Once the company reports earnings, a "Green Triangle" is created to include the day before and the day after the earnings announcement to then reveal the important price level, or "Key Level" which is the mid-point of this price action around the earnings release.
How to USE the indicator: The interesting part of this analysis is how these reference price levels have an influence in the future trading of shares. If a stock is in a bullish trend, the mid-point of the earnings release is the ideal, low-risk point to enter long with a stop 1, 2 or 3 ranges on the other side of the "Key Level" in case it doesn't work out. The target can be a variety of techniques from using the width of the "quiet period" range added to the "earnings level" to derive a price target.
The inverse would also be true. If the general trend of a stock was down, the mid-point of the 'earnings level' would provide supply and stop the price advance after a down move on earnings. You can see for yourself looking back over the history of the stock whether or not this method would be a profitable approach or not.
What I like is having the knowledge of where the important levels are on a stock chart so when the price gets there I can then decide whether or not to take a trade. You can set alerts on the "earnings level" and the highs and lows of the "quiet period" box to alert you to when a stock is worth looking at.
Over a year ago, I made the "Earnings Level" free to all users here at TradingView after keeping it a fee-based private indicator for close to 10 years. I feel a great debt of gratitude for TradingView for creating this wonderful platform for all of us to share ideas and I wanted everyone to have this powerful indicator to help investors and traders alike.
Now with this "Quiet Period" box publication, the patterns in the chaos of market action can be more easily found and you can be more at peace with the volatility in each stock when you can see the stock has been in a pre-defined time-zone for comparison.
Wishing you all the best of good fortune in your investing and trading and I look forward to hearing your questions.
A huge thank you goes to Ivan Labrie here at TradingView IvanLabrie for writing the code for this indicator. He is a champion of technical analysis and the many methods of the Timemode, Key Earnings, Risk, Reward, Psychology, Trend and options strategies.
Once the company reports earnings, a "Green Triangle" is created to include the day before and the day after the earnings announcement to then reveal the important price level, or "Key Level" which is the mid-point of this price action around the earnings release.
How to USE the indicator: The interesting part of this analysis is how these reference price levels have an influence in the future trading of shares. If a stock is in a bullish trend, the mid-point of the earnings release is the ideal, low-risk point to enter long with a stop 1, 2 or 3 ranges on the other side of the "Key Level" in case it doesn't work out. The target can be a variety of techniques from using the width of the "quiet period" range added to the "earnings level" to derive a price target.
The inverse would also be true. If the general trend of a stock was down, the mid-point of the 'earnings level' would provide supply and stop the price advance after a down move on earnings. You can see for yourself looking back over the history of the stock whether or not this method would be a profitable approach or not.
What I like is having the knowledge of where the important levels are on a stock chart so when the price gets there I can then decide whether or not to take a trade. You can set alerts on the "earnings level" and the highs and lows of the "quiet period" box to alert you to when a stock is worth looking at.
Over a year ago, I made the "Earnings Level" free to all users here at TradingView after keeping it a fee-based private indicator for close to 10 years. I feel a great debt of gratitude for TradingView for creating this wonderful platform for all of us to share ideas and I wanted everyone to have this powerful indicator to help investors and traders alike.
Now with this "Quiet Period" box publication, the patterns in the chaos of market action can be more easily found and you can be more at peace with the volatility in each stock when you can see the stock has been in a pre-defined time-zone for comparison.
Wishing you all the best of good fortune in your investing and trading and I look forward to hearing your questions.
A huge thank you goes to Ivan Labrie here at TradingView IvanLabrie for writing the code for this indicator. He is a champion of technical analysis and the many methods of the Timemode, Key Earnings, Risk, Reward, Psychology, Trend and options strategies.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.