SushilKothawade

Mark Earnings Day

The idea for today is to plot high / low prices on the Earnings day. (use only on Daily timeframe )
And as we all know, most of the times, price is unidirectional after the earnings are declared.
A target of 1:2 or even 1:5 can be easily achieved in these cases, within few days.

Green label indicates, reported earnings are higher than estimated. Red indicates the other way.
But 1, this does not necessarily indicate the trend direction.
But 2, a breakout / breakdown of this day's candle mostly does. The other serving as a Stop Loss.

Optionally, the scripts can also plot splits and dividends on the charts.

The difference between this indicator and readily available default markings on the chart is,
these figures are directly available on the chart itself, that saves multiple clicks.
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.

Want to use this script on a chart?

Comments

Not working on chart after add to favourite. Please check sir
Reply
SushilKothawade raja74sekhar
@raja74sekhar, hope you are using on securities which declare earnings, and not on indices.
Refer attached chart, it's for Wipro and marks the earnings, without any problems.
The Splits and Dividends settings are by default 'false'. If these are to be plotted, then enable them from the settings of the indicator.
Reply
raja74sekhar SushilKothawade
@SushilKothawade, sir for wipro only. Im unable add to favourite. It is not available in public
Reply
SushilKothawade raja74sekhar
@raja74sekhar, hmm, I also do not see any result when I search 'Mark Earnings Day' in public library.
Not sure, but may be it will be available after moderation. So, kindly wait a while and re-check later, may be tomorrow.
Reply
raja74sekhar SushilKothawade
@SushilKothawade, now it is working. Good indicator thanks a lot sirji
Reply
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