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EquityCraze

Stage Analysis

EquityCraze  
Simple Moving Average (SMA)
389
11
simplemovingaverage
This indicator helps in identification of stage cycle of a stock. Only to be analysed on Weekly and Daily timeframe.

Stages
  • Stage 1 - Accumulation phase of a stock
  • Stage 2 - Uptrend phase
  • Stage 3 - Distribution phase
  • Stage 4 - Downtrend

As shown in the chart, each stock go through its stage cycle. Below points confirms the uptrend of a stock
This will give idea of when to buy a stock
  • Wait for first green label up bar to appear which is confirmation for stage 1 completion
  • Another green label appears which will indicate stage 2 is starting
  • Finally yellow label up appears which confirms the stage 2 uptrend

Once the yellow bar appears, Wait for a base to be formed then go for buy.

credits: Inspired from @BigBitsIO tutorials and @finallynitin
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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