Swing Trader’s Toolkit for Indian Markets by TwEezer Top Trader
Overview This indicator is designed for swing traders following methodologies inspired by Mark Minervini and William O'Neil. It offers comprehensive tools to track stock performance, identify potential breakout candidates, and monitor key technical levels. Tailored for the Indian markets, this toolkit is a must-have for traders aiming to refine their strategies and enhance decision-making
Inputs Tab Features
1. EMA Table - Compares the current price of the symbol to its key EMAs. - Calculates the rate of return to track performance. - Helps identify how far the price is from its key EMAs.
2. Additional Table Data - Enables multiple performance data sets. - Customizable periods to suit your trading requirements. 3. Inside Bar (IB) - Highlights Inside Bars on your chart for consolidation patterns.
4. Narrow Range Bars (NR4 and NR7) - NR4: Adds bars with the narrowest range in the last 4 days. - NR7: Adds bars with the narrowest range in the last 7 days.
5. Distance from EMA Table - Toggle price difference from key EMAs in the table.
6. Rate of Change (ROC) Table - Compares current price to past price and calculates rate of return. - Formula: “(Current Value - Past Value) * 100 / Past Value”. - Past periods include: 1W, 1M, 3M, 6M, 1Y.
7. Momentum Table - Tracks the percentage gain of the symbol from its lowest price within a specific period.
8. Power Play Candidate - Highlights candidates qualifying as potential Power Plays (IBD methodology). - Displays 8-week range; default criteria are 100%+ moves in under 8 weeks. Customizable percentage.
9. U/D Volume Ratio - Calculates the 50-day ratio of up volume to down volume. - A ratio >1.0 indicates positive demand.
10. Relative Volume (Rvol) - Displays percentage volume change compared to daily average volume.
11.Average Daily Range (ADR) - Adds ADR to your table.
12. 50-Day Avg. Volume & Rupee Volume - Adds the 50-day average volume and its rupee equivalent.
13. Bull Snort - Introduces Oliver Kell’s Bull Snort pattern for identifying breakout bars.
14. Moving Averages - Normal: Plots 4 customizable SMAs, EMAs, or WMAs. - Fixed (Daily Timeframe): Plots daily MAs that remain constant across timeframes. - Fixed (Weekly Timeframe): Plots weekly MAs on daily/intraday charts.
15. Weekly High & Low Data - Adds data for customizable weeks. - Displays 52-week high/low lines with adjustable periods. Style Tab Features - Fully customizable styles and colors for all inputs. - Flexible table color settings. Conclusion If you find this indicator useful, add it to your favorites for quick access. Your feedback is invaluable; leave any questions or suggestions in the comment section.
Questo script è pubblicato con codice protetto, ma puoi comunque usarlo gratuitamente. Mettendolo tra i preferiti potrai applicarlo al grafico, senza però la possibilità di visualizzare o modificare il codice sorgente.
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