Stage Analysis

RELAXO FOOTWEARSNSE

Description

⋅ Jan 7, 2022 1:28 PM

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

Simple Moving Average (SMA)

Comments

rangadv

⋅ Jan 8, 2022 2:49 AM

great tool ..thanks for sharing ...could you please add stages (labels)

EquityCraze

⋅ Sep 29, 2022 4:49 PM

Thanks @rangadv, Will try to add that in the next release :)

bulusufinances

⋅ May 2, 2023 4:03 AM

Thanks so much for this wonderful script. As a new TV user, I found this instantly helpful.

Is there any stock screener for US stocks that can match the "stage 2 uptrend confirmed" yellow up arrow you have on the charts?

Fcarletti

⋅ Feb 21, 2023 7:10 PM

Hello. Very good. Will the sequence always be green, green and yellow?

Could it just be a green and then yellow?

rexxxar

⋅ Oct 22, 2022 10:17 AM

Interesting script here. Thanks for sharing.
Am I getting the arrows right?
- Red is Sell
- Yellow is Neutral
- Green is Buy

I'm trying to use this with SPY but I don't think I fully understand how it works yet.
Would love to see the next updates.
Cheers!

calandsouza

⋅ Sep 28, 2022 8:06 AM

What does red color say ?

EquityCraze

⋅ Sep 29, 2022 4:49 PM

@calandsouza, each colour of moving average line indicates the difference in Period. (Red (200), Yellow(150) & Green(50))

xmd1979

⋅ Jan 8, 2022 2:34 AM

great tool, can u add stages labels like in the pic?! looks good with those boxes around and labels, also those direction lines if u could incorporate as well would look awesome, anyway, great tool, good idea, keep it up

cheers)

EquityCraze

⋅ Jan 8, 2022 10:53 AM

@xmd1979, Thanks for trying. I would like to keep the chart clean, simple and easy to read. For the understanding perspective I have added the texts here.

anwarbright

⋅ Jan 7, 2022 3:28 PM

Excellent initiative by Ganesh to help fellow traders