InnovestX yayınları

[INVX] Trading Range Trading Range The “ Trading Range” indicator visualizes short-term price ranges (typically 1–2 days) based on statistical percentiles of high and low prices relative to the previous day’s close. It provides a clear view of potential support and resistance zones and includes optional EMA overlays for trend context. Concept & Calculation Uses the previous daily close as a reference point. Calculates percentile-based levels for highs and lows over a configurable lookback period. Plots two resistance zones and two support zones as shaded areas. Includes up to 3 optional EMA lines for trend visualization. Trading range zones are designed for daily-based calculations. If the indicator is applied to a chart timeframe larger than 1 day (e.g., weekly, monthly), the trading range zones will not be displayed. Key Features Short-Term Trading Range: Displays zones that reflect short-term price behavior (1–2 days). Percentile-Based Levels: Levels are calculated using percentile interpolation for highs and lows. Historical Lines Option: Toggle to show past levels for context. Realtime Calculation update: Update calculations dynamically with the current bar. EMA Overlay: Up to three customizable EMA lines for trend analysis. Display Line Values: Option to show level values on the chart with adjustable label size. Trading Range Settings Historical Lines: Show or hide past support/resistance levels. Realtime Calculation: Enable or disable real-time updates. Display Line Values: Show numeric values for levels. Size: Adjust label size when values are displayed. EMA Line Settings Enable/disable each EMA line. Configure length and color for each EMA. Usage Tips Use the shaded zones as visual reference areas for short-term price interaction. Combine with other tools such as trend indicators or volume analysis to strengthen the analysis. Historical lines can help assess how price has reacted to these zones in the past. Limitations & Disclaimer This indicator is provided for informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Market conditions, asset volatility, and timeframe selection may significantly affect indicator performance. Users should always validate signals with additional analysis and apply appropriate risk management strategies. Past performance is not indicative of future results. Use indicator at your own discretion and risk. Under no circumstances shall InnovestX be liable for any loss or damage you or anyone else incur as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through InnovestX or TradingView.

Gösterge

InnovestX tarafından

[INVX] Post-Earnings Announcement Drift What does this strategy do? This Pine Script strategy implements the Post-earnings announcement drift (PEAD) strategy, which is a financial market anomaly where a stock's price tends to drift in the direction of the firm's earnings surprise for an extended period of time. Ref: en.wikipedia.org An earnings announcement is an official public statement of a company's profitability for a specific time period, typically a quarter or a year. It includes various financial metrics but the most watched figure is the Earnings Per Share (EPS). Analysts estimate the EPS before the announcement, and the actual EPS is compared to this estimate to determine if there was an earnings surprise. An earnings surprise occurs when the actual EPS is significantly different from the analysts' estimates. A positive earnings surprise indicates that the actual EPS is higher than the estimate, while a negative earnings surprise suggests the EPS is lower than anticipated. The script takes the following inputs " Holding periods (bar) " : This input defines the number of periods (or bars) the script will hold a position after the earnings announcement. " Surprise threshold (%) ": This input sets the minimum percentage for an earnings surprise, which triggers the strategy to enter either a long or short position. In essence, it represents the minimum deviation between the estimated and actual Earnings Per Share (EPS) that will trigger a trade. A higher threshold may lead to fewer, potentially more significant trades, while a lower threshold might result in more frequent, possibly less impactful trades. This parameter allows you to adjust the sensitivity of the strategy to earnings surprises. Positive earnings surprise After the earnings announcement, the script compares the actual EPS with the estimated EPS to identify an earnings surprise. If there is a positive earnings surprise, the script will enter a long position. A long position is a bullish strategy where the investor expects the stock price to rise. Negative earnings surprise On the other hand, if there is a negative earnings surprise, the script will enter a short position. A short position is a bearish strategy where the investor expects the stock price to fall. In both scenarios, the position (either long or short) is held for the number of periods specified in the "Holding periods (bar)" input. This strategy is based on the assumption that the stock price will continue to drift in the direction of the earnings surprise for the specified holding period. Disclaimer: The script provided herein is for educational purposes only. It should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Past performance is not indicative of future results. The results of the Pine Script backtesting are hypothetical and should not be considered as a true reflection of the results that might be achieved in a live trading environment. The backtest results are based on historical data and may not take into account certain factors such as actual transaction costs, taxes, or changes in market conditions. Investors should consult with their financial advisor before making any investment decisions. All investments involve risk, including the potential loss of all invested capital.

Strateji

InnovestX tarafından

[INVX] Trailing Stop Description: The Adjustable Trailing Stop Indicator is a practical tool designed to enhance your trading strategy by allowing for automatic modifications of stop-loss orders according to your specified parameters. This indicator provides a dynamic alternative to the traditional static stop-loss orders, assisting in managing your potential profits and curbing possible losses. Features and Functionality: The Trailing Stop Indicator provides three main inputs for customization: "Trailing Stop Start Date" : This input enables you to set the start date for the trailing stop. From this date forward, the indicator begins tracking price changes and adjusts the stop-loss order in response. "Trigger Delta (%)" : This represents the percentage for the trailing stop. It denotes the set percentage at which the stop order adjusts. "Order" : This input determines whether the trailing stop applies to a Buy or Sell order. Depending on the selection, the indicator adjusts the stop price as the price escalates (for Sell order) or declines (for Buy order). How Does the Trailing Stop Indicator Work? The Trailing Stop Indicator functions by dynamically adjusting the stop price in line with market fluctuations. If the market price rises (for Sell order), the stop price automatically ascends, securing potential profits. In a declining market (for Buy order), the stop price descends according to the market. This indicator eliminates the need for constant manual adjustments, reducing the impact of emotional trading and helping traders maintain their risk management strategy. By using this tool, traders can implement a more disciplined and systematic approach to trading.

Gösterge

InnovestX tarafından

[INVX] P/E band (panel)What is it? The P/E Bollinger Band indicator is a hybrid tool combining fundamental analysis (P/E ratio) with technical analysis (Bollinger Bands). It uses Bollinger Bands around a company's P/E ratio to identify potentially overvalued or undervalued zones. The P/E ratio itself measures a stock's price relative to its earnings per share. The Bollinger Bands, based on standard deviations, create a dynamic upper and lower band around the average P/E ratio. Why P/E Bollinger Band? Provides a visual representation of a company's relative valuation compared to its historical P/E range. Can help identify areas where the P/E ratio might be deviating significantly from its historical norm. Who should use it Investors who combine technical and fundamental analysis for a more comprehensive stock evaluation. Value investors seeking to identify potentially undervalued companies. How to use A P/E value that breaches the upper Bollinger Band suggests potential overvaluation, indicating the stock might be due for a price correction. Conversely, a P/E value that falls below the lower Bollinger Band might signal undervaluation, presenting a potential buying opportunity (considering the company's fundamentals remain sound).

Gösterge

InnovestX tarafından

[INVX] P/E band (overlay)What is it? The P/E Bollinger Band indicator is a hybrid tool combining fundamental analysis (P/E ratio) with technical analysis (Bollinger Bands). It uses Bollinger Bands around a company's P/E ratio to identify potentially overvalued or undervalued zones. The P/E ratio itself measures a stock's price relative to its earnings per share. The Bollinger Bands, based on standard deviations, create a dynamic upper and lower band around the average P/E ratio. Why P/E Bollinger Band? Provides a visual representation of a company's relative valuation compared to its historical P/E range. Can help identify areas where the P/E ratio might be deviating significantly from its historical norm. Who should use it Investors who combine technical and fundamental analysis for a more comprehensive stock evaluation. Value investors seeking to identify potentially undervalued companies. How to use A P/E value that breaches the upper Bollinger Band suggests potential overvaluation, indicating the stock might be due for a price correction. Conversely, a P/E value that falls below the lower Bollinger Band might signal undervaluation, presenting a potential buying opportunity (considering the company's fundamentals remain sound).

Gösterge

InnovestX tarafından

[INVX] SET Breadth Indicator What is it ? Market Breadth is a technical analysis tool that measures the overall direction of the market by looking at the number of companies advancing versus the number declining. It's like taking a pulse of the market to see whether more stocks are moving up or down. The SET Breadth Indicator is a tool designed to help investors understand the overall market sentiment of the Stock Exchange of Thailand (SET). It measures the performance of all sector indexes within the SET to provide a broader view of market trends. Why Set breath Indicator? Market breadth helps investors understand the health and strength of the market. A rising market with strong breadth means many stocks are contributing to the upward movement, which is a positive sign. Conversely, a rising market with weak breadth (few stocks going up) might indicate potential weakness. The SET Breadth Indicator is essential as it reveals overall market sentiment, serving as an early warning system for potential weakness. It informs investment decisions, confirms market trends, aids in portfolio diversification, and enhances risk management by monitoring sector performance. In summary, it provides deeper market insights, helping investors make better decisions. How to use? Trend Following - SET Breadth Indicator can be used to trade in trend-following style where you may enter long/short position when the indicator turns green/red, then exit position when the indicator crosses the zero Reversion - SET Breadth Indicator can be used to trade in reversion style where you may enter long/short position as opposed to the market direction, for example, when the indicator is significantly high/low, it might imply that the trend is likely to revert soon. Usage

Gösterge

InnovestX tarafından

[INVX] Relative Volatility Measure (RVM)Many top performing traders often discuss the importance of identifying tightness in price action as part of their entry tactics. BUT! it is difficult to find and detect, RVM is created to solve this issues. RVM – help trader to easily visualize and identify tight area , Save hours looking through chart to find price contractions. What is it ? It is an oscillator design to help trader identify tight price action area quickly RVM make it easy to read a chart like a pro save hours to look through chart finding contraction area How does it work ? Compare current price action to previous price movement The oscillator tell whether if the stock is expand or tightens How to use it ? RVM < 15 : If the RVM shows less than 15, it means that the price tightens; the closer to 0, the tighter it gets. RVM > 80 : The price expand, the value increase to the maximum of 100 Why is it useful ? Tight price action, paired with decreased volume, is a sign that buying and selling have reached an equilibrium . During this equilibrium, the stock becomes coiled, ready to expand quickly to the upside or downside. Areas with tightness of price are evidence of institutional accumulation, and create potential buy points to jump on a trend.

Gösterge

InnovestX tarafından