Ibd

Webby's Tight Indicator Webby's Tight Indicator is used to measure a securities volatility relative to itself over time. This is achieved by taking the average of three short term ATR's (average true range) and creating a ratio versus three longer term ATR's. Mike Webster recently stated he is using the 3,5,8 for the short term ATR's and the 55,89,144 for the long term ATR's. All of the ATR lengths are part of the Fibonacci sequence. The ratio of the ATR's is then calculated and plotted as a histogram with 0 representing the ATR's being equal. As a stocks short term ATR contracts the histogram will rise above 0 meaning volatility in the short term is contracting relative to long term volatility. On the other hand if the short ATR's are expanding versus the long term ATR's the histogram will fall below 0 and turn red, signifying short term volatility is greater than long term volatility. The easy visualization of this indicator allows you to quickly see when a stock is in a tight range and could be ready for a potential breakout to the long side or breakdown to the short side. In this example we see tight price action with a blue histogram followed by volatility to the upside coinciding with a breakout. In this example we see volatility expanding as a stock continues to fall. To help differentiate between trending contraction or expansion and just short term blips 5-day exponential moving average of the ratio is also plotted on the histogram and dynamically changes colors as it rises and falls. Indicator options include: Change histogram colors Choose ema line width

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by Amphibiantrading

Webby's RS Line The Relative Strength (RS) line is something many investors are familiar with. It is used to measure a stocks performance versus the S&P 500 and is typically calculated by dividing the closing price of the stock by the closing price of the S&P. This means if a stock moves up and the S&P moves down or the stock moves up more than the S&P the RS line will increase, if the stock moves down while the S&P moves up the line will decrease. While the standard RS line is a powerful tool, Mike Webster recently discussed how he has made changes to the standard RS line and also uses a 21 exponential moving average of the RS line to help guide his decision making. This script puts those new twists on the standard RS line, by first calculating the RS line using the low of both the security and the S&P rather than the closing prices. Next it measures the 21-day exponential moving average of the RS line and plots the distance between the two as a histogram. A strong trending stock that is out performing the market will see an extended period of a positive blue histogram signifying the RS line is above the 21-ema. While on the other hand a stock in a downtrend that is underperforming will see a negative red histogram a red histogram signifying the RS line is below the 21-ema. On top of all of that, the indicator also keeps 3 & 13 exponential moving average of the distance between the RS line and the 21 ema to help identify shorter term relative strength and capture more immediate shifts in momentum. Both of those are plotted on the histogram as well and will change color as they rise and fall making it easy to spot the direction. Indicator options include: Choose symbol to measure performance against Change histogram colors Choose ema line width * Note this indicator does not plot the actual RS line, it is the histogram representing the distance between the RS line calculated using the lows and the 21 ema, as well as the two ema's of the relationship.

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by Amphibiantrading

Webby % Off 52 Week This indicator measures a stocks distance from its 52 week high. The concept is based on what Mike Webster shared on his appearance on IBD Live, allowing users to see if a current pullback from the highs is normal compared to historical pullbacks or if more attention is warranted. It is also important to pay attention to a stocks 52 week high in relation to it's current price to confirm trend, spot potential breakout levels or see if the high acts as an area of resistance. The indicator has 3 different zones with shaded backgrounds to easily spot the distance off of the high. Zones Green Zone - 0 to 8% off highs Yellow Zone - 8 to 15% off highs Red Zone - 15 to 25% off highs Similar Healthy Pullbacks Possible concern as pullback undercuts previous pullback level

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by Amphibiantrading

Webby's RSI 2.0 Webby's RSI (Really Simple Indicator) 2.0 or version 5.150 as Mike himself calls it, builds upon the original Webby RSI by changing the way we measure extension from the 21-day exponential moving average. Instead using the percentage of the low versus the 21-day exponential moving average, version 2 uses a multiple of the securities 50 day ATR (average true range) to determine the extension. Version 2.0 also comes with some new additions, such as measuring the high vs 21-day exponential moving average when a security is below it, as well as an ATR extension from the 10-day simple moving average that Mike looks to as a guide to take partials.

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by Amphibiantrading

RS Rating Hello everyone. The RS Rating (or Relative Strenght Rating) is a metric that tracks a stock's price performance relative to the rest of the market. Specifically, it looks at a stock's relative strength over the last 52 weeks. It allows you to identify at a glance stocks that are outperforming the market and may be poised for further gains. Designed for break-out traders, trend follower, value investors, the RS Rating can help you identify promising opportunities and make informed investment decisions. The Rating stands as follow: - From 1 (worst) to 99 (best) - 99 rating means the stock is outperforming 99% of all stocks in terms of relative share price performance over the last 52 weeks. The RS Rating is accompanied by the RS line which is a representation of the progress of the asset against the comparative symbol. (Here SP500) Of course this script is inspired by the IBD rating system. The results may be equivalent but it is not guaranteed. This indicator proposes a scoring system in the style of the one proposed by IBD. Indeed for an optimal result, it would be necessary to compare the relative performance of all actions, which is not yet possible on PineScript. Here is the formula for calculating the score: RS Score = 40% * P3 + 20% * P6 + 20% * P9 + 20% * P12 With P3 = Performance over the last 3 months P6 = Performance over the last 6 months P9 = Performance over the last 9 months P12 = Performance over the last 12 months There is no equivalent solution for the moment on PulseWire. The rating score will only appear on the daily timeframe. For now it's my pleasure to share!

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RS - Relative Strength Score Relative strength (RS) is a measure of a stock's price performance relative to the overall market. It is calculated by dividing the stock's price change over a specified period by the market's price change over the same period. A stock with a high RS has outperformed the market, while a stock with a low RS has underperformed. (Stock can any asset that can be compared to a reference index like as Bitcoin, Altcoins etc ...) Here are some advantages: - Provides a measure of a stock's performance relative to a benchmark index or sector, allowing for a more accurate comparison of performance. - Helps identify stocks with strong price momentum that are likely to continue outperforming the market in the short to medium term. - Allows investors to identify the strongest performers within a particular sector or industry. - Provides a quantitative and objective measure of a stock's performance, which can help reduce bias in investment decisions. - Can be used in conjunction with other technical indicators and chart analysis to identify potentially profitable trades. - Helps investors make more informed decisions by providing a more comprehensive picture of a stock's performance. How to use it: - The indicator can be used in daily and weekly timeframes. - Check, if the default reference index is suited for your asset (Settings) The default is the combination of S&P500+Nasdaq+Dow Jones. For Crypto, it could be TOTAL (ticker for total stock market), for German stocks it could be DAX. - Decide (settings), if you want to see the RS based on annual calculation (IBD style) or based only for the last quarter Color coding: - Red: Stock is performing worse than index (RS < 0) - Yellow: Stock get momentum, starting to perform better than index (RS > 0) - Green: Stock is outperforming the index - Blue: Stock is a shooting star compared to index - When RS turns positive and stays there, it could be an indication for an outbreak (maybe into a stage 2) No financial advise. For education purposes only.

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Price Data Label This indicator gives you the ability to see historical data for each bar on the chart by simply hovering over the high of the bar, similar to the functionality of MarketSmith. Data for each bar includes: Open High Low Close + Change Percentage Change Closing Range Volume Volume Percent based on 50 day average Distance to 4 selectable moving averages Example of stats on a historical bar: * Note this only works on the last 500 historical bars. If you use bar replay it will work with 500 historical bars from the last bar. * If you have multiple indicators on your chart, in order to see the data you will need to use visual order to bring to front. This can be done by clicking the three dots next to the indicator name and selecting visual order.

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by Amphibiantrading

7 Week Rule The 7 week rule was shared by Gil Morales in his book “Trade Like an O’Neil Disciple”. The rule is described as: Stocks that have shown a tendency to “obey” or “respect” the 10-day moving average for at least 7 weeks in an uptrend should often be sold once the stock violates the 10-day line. A “violation” is defined as a close below the 10-day moving average followed by a move on the next day below the intraday low of the first day. This indicator makes using the 7 week rule easy. Once a stock has closed above its selected moving average (10SMA by default) for 35 days the 7 week rule is triggered. Once the stock then “violates” the moving average, a sell signal is printed on the chart. Indicator Customizations Moving Average Length & Type Show or Hide Moving Average Show Running Count of Days Above Selected MA Highlight When 7 Week Rule Triggers Option to Show First Day Above MA Indicator is dynamic and will continue the count if no violation occurs.

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by Amphibiantrading

WON Weeklies William O'Neil was a big proponent of using weekly charts, often highlighting the significance of 3 or more tight weekly closes, or a sequence of five or more consecutive up weeks. This indicator recognizes both of these conditions providing clear visual cues to signify this institutional buying activity. When three tight weekly closes or more occur a circle will be drawn around the middle close or the background will change color, depending on user preference. If five or more consecutive up weeks are detected a box is drawn around all the price action of those weeks. User Options: - Choose to display both or only one condition - Customizable colors - Define what a tight close is (default is less than 1.5%) - Change background color or display smaller circles for 3 weeks tight - Alerts for both Note: 5 weekly closes wont print until the 5th weeks candle is closed.

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by Amphibiantrading

Extended from Moving Average This indicator helps avoid chasing extended stocks by showing every time a stock is too far extended from a selected moving average. Features: ✔️ selectable moving average and source (high, low, close) ✔️ choose to plot or hide the moving average ✔️ selectable distance to be considered too extended

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by Amphibiantrading

Volume With Color Volume with color helps to quickly identify accumulation or distribution. An accumulation day is an up day with volume greater than a user selected average. A distribution day is a down day with volume greater than a user selected average. This indicator will highlight those days by changing the volume bar colors for an easy visual.

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by Amphibiantrading

EPS & Sales Hi everyone, I just adapted a little utility script to visualise EPS % increase (quarters vs Year -1) and sales. I used the code from @ARUN_SAXENA and modified it to fix what I saw as issues. (Using base 3M instead of 1M + request.earnings(syminfo.tickerid, earnings.actual, ignore_invalid_symbol=true) instead of request.financial(syminfo.tickerid, "EARNINGS_PER_SHARE", "FQ") Data will differ from MarketSmith because they use sometimes actual EPS sometimes standard, but think we can at least trust what we see in term of % The tool is far from being perfect !

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Relative Strength (IBD Style)This script is meant to give you a Relative Strength indication of the stock. The goal is to use a similar calculation as used by IBD. It calculates the performance of the current stock for the last year (most recent quarter is weighted double) and compares it to the performance of a reference index or ticker (default is "SPY"). IBD would give you a value between 0 and 100 because this value is the percentile within all stocks. This is not possible with Pine Script at the moment. So here you get a Relative Strength value that is >0 if the stock is stronger than the index and <0 if it is weaker than the index. You can still compare the Relative Strength values between stocks (bigger is better) but you won't know which percentile it is right off the bat.

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Volume Indicators Package CONTAINS 3 OF MY BEST VOLUME INDICATORS ALL FOR THE PRICE OF ONE! CONTAINS: Average Dollar Volume in RED Up/Down Volume Ratio in Green Volume Buzz/Volume Run Rate in BLUE If you would like to get these individually, I also have scripts for that too. Below is information about all three of these indicators, what they do, and why they are important. ---------------------------------------------------------------------------------------------AVERAGE DOLLAR VOLUME---------------------------------------------------------------------------------------- Dollar volume is simply the volume traded multiplied times the cost of the stock. Dollar volume is an extremely important metric for finding stocks with enough liquidity for market makers to position themselves in. Market Liquidity is defined as market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. The key concept you want to understand is that these big instructions with billions of dollars need liquidity in a stock in order to even think about buying it, and therefore these institutions will demand a large dollar volume . A good dollar volume amount, that represents a pretty liquid name, is typically above 100 million $ average. Why are institutions important? Simple because they are the ones who make stocks move, and I mean really move. If you want to see large growth from a stock in a short amount of time, you need institutions wielding billions of dollars to be fighting one another to buy more shares. Institutions are the ones who make or break a stock, this is why we call them market makers. My script calculates average dollar volume using four averages: the 50, the 30, the 20, and the 10 period. I use multiple averages in order to provide the accurate and up to date information to you. It then selects the minimum of these averages and divides this value by 1 million and displays this number to you. TL;DR? If you want monster moves from your stocks, you need to pick names with average high liquidity(dollar volume >= $100 million). The number presented to you is in millions of whatever currency the name is traded in. ---------------------------------------------------------------------------------------------UP/DOWN VOLUME RATIO----------------------------------------------------------------------------------------- Up/Down Volume Ratio is calculated by summing volume on days when it closes up and divide that total by the volume on days when the stock closed down. High volume up days are typically a sign of accumulation(buying) by big players, while down days are signs of distribution(selling) by big market players. The Up Down volume ratio takes this assumption and turns it into a tangible number that's easier for the trader to understand. My formula is calculated using the past 50 periods, be warned it will not display a value for stocks with under 50 periods of trading history. This indicator is great for identify accumulation of growth stocks early on in their moves, most of the time you would like a growth stocks U/D value to be above 2, showing institutional sponsorship of a stock. Up/Down Volume value interpretation: U/D < 1 -> Bearish outlook, as sellers are in control U/D = 1 -> Sellers and Buyers are equal U/D > 1 -> Bullish outlook, as buyers are in control U/D > 2 -> Bullish outlook, significant accumulation underway by market makers U/D >= 3 -> MONSTER STOCK ALERT, market makers can not get enough of this stock and are ravenous to buy more U/D values greater than 2 are rare and typically do not last very long, and U/D >= 3 are extremely rare one example I kind find of a stock's U/D peaking above 3 was Google back in 2005. -----------------------------------------------------------------------------------------------------VOLUME BUZZ----------------------------------------------------------------------------------------------- Volume Buzz/ Volume Run Rate as seen on TC2000 and MarketSmith respectively. Basically, the volume buzz tells you what percentage over average(100 time period moving average) the volume traded was. You can use this indicator to more readily identify above-average trading volume and accumulation days on charts. The percentage will show up in the top left corner, make sure to click the settings button and uncheck the second box(left of plot) in order to get rid of the chart line.

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Average Dollar Volume Dollar volume is simply the volume traded multiplied times the cost of the stock. Dollar volume is an extremely important metric for finding stocks with enough liquidity for market makers to position themselves in. Market Liquidity is defined as market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. The key concept you want to understand is that these big instructions with billions of dollars need liquidity in a stock in order to even think about buying it, and therefore these institutions will demand a large dollar volume. A good dollar volume amount, that represents a pretty liquid name, is typically above 100 million $ average. Why are institutions important? Simple because they are the ones who make stocks move, and I mean really move. If you want to see large growth from a stock in a short amount of time, you need institutions wielding billions of dollars to be fighting one another to buy more shares. Institutions are the ones who make or break a stock, this is why we call them market makers. My script calculates average dollar volume using four averages: the 50, the 30, the 20, and the 10 period. I use multiple averages in order to provide the accurate and up to date information to you. It then selects the minimum of these averages and divides this value by 1 million and displays this number to you. TL;DR? If you want monster moves from your stocks, you need to pick names with average high liquidity(dollar volume >= $100 million). The number presented to you is in millions of whatever currency the name is traded in.

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Up/Down Volume Ratio Up/Down Volume Ratio is calculated by summing volume on days when it closes up and divide that total by the volume on days when the stock closed down. High volume up days are typically a sign of accumulation(buying) by big players, while down days are signs of distribution(selling) by big market players. The Up Down volume ratio takes this assumption and turns it into a tangible number that's easier for the trader to understand. My formula is calculated using the past 50 periods, be warned it will not display a value for stocks with under 50 periods of trading history. This indicator is great for identify accumulation of growth stocks early on in their moves, most of the time you would like a growth stocks U/D value to be above 2, showing institutional sponsorship of a stock. Up/Down Volume value interpretation: U/D < 1 -> Bearish outlook, as sellers are in control U/D = 1 -> Sellers and Buyers are equal U/D > 1 -> Bullish outlook, as buyers are in control U/D > 2 -> Bullish outlook, significant accumulation underway by market makers U/D >= 3 -> MONSTER STOCK ALERT, market makers can not get enough of this stock and are ravenous to buy more U/D values greater than 2 are rare and typically do not last very long, and U/D >= 3 are extremely rare one example I kind find of a stock's U/D peaking above 3 was Google back in 2005. MAKE SURE TO HIT THE SETTINGS WHEEL AND CHECK THE BOX NEXT TO PLOT IN ORDER TO GET RID OF THE PLOTTED LINE.

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Volume Buzz 2.0 Volume Buzz/Volume Run Rate as seen on TC2000 and MarketSmith respectively. Basically, the volume buzz tells you what percentage over average(100 time period moving average) the volume traded was. You can use this indicator to more readily identify above-average trading volume and accumulation days on charts. The percentage will show up in the top left corner, make sure to click the settings button and uncheck the second box(left of plot) in order to get rid of the chart line. Pictured above, a chart with the volume on the bottom along with the 50-day moving average applied to volume. As you can see in the top left it will tell you the "volume buzz" of that day, telling you what days were on above-average volume and how above-average those days were.

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RS.ROC | Relative Strength - Rate of Changes - 4CR CUP For completeness of Relative Strength studies, the Relative Strength based on rate of changes (ROC) with weighting is coded and presented as well. The RS.ROC is similar to the formulation of RS by IBD before rank among all the stocks in the market. The lookback period is relaxed for customizing. Once you set the total lookback period, representing the 4Q, in the indicator, the other shorter lookback periods will be auto-calculated, namely, 1Q, 2Q, 3Q. A simple moving average of the RS.ROC is also added for your easier analysis on the trend development of the strength. To use it later at your charting later, 1. Favorite it; 2. Select from your favorite list.

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by earnSmartAlgorithm

3 Weeks Tight - Price Consolidation [LevelUp]3 Weeks Tight - Introduction 3 weeks tight is a bullish continuation pattern discovered by IBD's founder, William O'Neil. The pattern can used as an opportunity to add to an existing position as it often occurs after a breakout above a cup with handle or other technical pattern. The 3 weeks tight pattern forms when a stock closes within approximately 1% to 1.5% of the prior week's close for at least two weeks. The reason for the bullishness is that it indciates that investors who moved the stock upward in price since the breakout are not taking profits, the price is holding steady. The buy point is just above the area of resistance formed at the highs of the three weeks plus 10 cents. The ten cent addition to the price is to ensure a push through the resistance at the high of the range. Key Points: It's preferred that closes for each week are in the upper half of the stock's range. Ideally, volume will increase significantly as the stocks moves past the buy point. This pattern generally performs best when the market is in an uptrend. Features: A configurable horizontal bar that spans the 3 week period. A vertical band that highlights the tightness pattern. A label to show the buy price after 3 week tight pattern. Optional alert when the 3 weeks tight pattern is recognized.

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by LevelUpTools

Relative Strength Overlay This is the original script to my other Relative Strength indicator (link below) It provides a graphical overlay of the Relative Strength, compared to the QLD, a Nasdaq x2 ETF. You can not use the value to compare to other stocks or securities, as it is scaled based on the price (so it can be used as an overlay). If you want a value which you can use to compare with other stocks, please see my other Relative Strength indicator.

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by dangoodfellow88

Relative Strength A relative strength overlay, similar to that of IBD shown on Marketsmith. The value is not from 0-100, it is compared with the Nasdaq x2 ETF, QLD. Therefore, if greater than zero it will give you a good indication that the stock has a very good relative strength. Feel free to change the comparison ETF to one of your choosing.

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by dangoodfellow88

IBD RS, Relative strength Relative Strength calculation of 3 time periods: 12 months, 6 months and 3 months.

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IBD Relative strengtH This code is to replicate the relative strength indicator as used on investors.com (on lists like the IBD 50, big cap 20 etc). Let me know if any issues / any updates wanted.

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