Joshlo

AMC Dividend Shift Variance [Joshlo]

This indicator displays the price ranges supplied by various data sources for the historical price of AMC Entertainment Holdings, AMC .

This indicator can be used to aid in technical analysis, historical trend line creation, Fibonacci placement etc. in the current environment where different data providers for the historical price of AMC differs and there is no answer on the 'correct' post dividend split percentage.

The use of this indicator on tickers other than AMC will result in meaningless data.


The standard pre split price range is shown in purple, with the upper limit of the range showing the highs and the lower limit of the range showing the lows.

The new high and low ranges for 3 different data sources/brokerages are shown in 3 different colours, with the multiplication values shown within the indicator settings for transparency. These settings should ideally not be adjusted and are calculated via the data gathered by Mr Books and distributed via his YouTube video, "My anger. Our charts. Your choice.".

Each of the data sources can be shown or hidden via the indicator settings as well as having their colours adjusted via the indicator settings.

The projection of the adjusted historical prices stops at the ex-dividend date for the AMC APE offering. The time set in the indicator is based on my time zone in the UK and should be adjusted by you to suit the time zone you view your charts in.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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