OPEN-SOURCE SCRIPT
CANSLIM Từng Bước
"CANSLIM Step-by-Step" Indicator Description for TradingView
CANSLIM Step-by-Step - Your Companion for Evaluating Stocks with the CANSLIM Methodology
Welcome, investors, to "CANSLIM Step-by-Step"! This indicator is designed to assist you in analyzing and evaluating stocks based on the seven core criteria of William J. O'Neil's renowned CANSLIM investment methodology.
Purpose of the Indicator:
This tool is not intended to provide fully automated buy/sell recommendations. Instead, it focuses on "digitizing" and visualizing each step in the CANSLIM evaluation process, helping you gain a more comprehensive and detailed overview of potential stocks.
Key Features:
Evaluation of 7 CANSLIM Criteria:
C (Current Quarterly Earnings): Allows manual input for the latest quarterly EPS growth (%) and positive EPS status. It also attempts to fetch data automatically (which may not be stable for all symbols) for comparison.
A (Annual Earnings & ROE): Prioritizes manual input for annual EPS growth rate (CAGR) and current ROE to ensure accuracy.
N (New Highs): Automatically analyzes price action from the chart to determine if the stock is near or making a new 52-week high.
S (Supply and Demand - Volume): Automatically analyzes current trading volume against its average to detect significant surges.
L (Leader or Laggard): You evaluate and input whether the stock is a market or industry leader.
I (Institutional Sponsorship): You evaluate and input the quality and quantity of significant institutional ownership.
M (Market Direction): Automatically analyzes the trend of a reference market index (e.g., VNINDEX) using moving averages.
Prioritized Manual Input for Financial Data: For criteria C and A, the indicator allows and encourages manual input to ensure the highest accuracy, given the inherent limitations of automatically accessing consistently updated financial data via Pine Script.
"Super Compact" Summary Table:
Clearly displays the status (Pass/Fail/N/A) of each criterion using color codes.
Provides specific values for each criterion (e.g., growth percentage, distance to 52-week high, volume ratio).
Aggregates a total score (out of 7) and a star rating (0 to 7 stars) for a quick overview of the stock's CANSLIM compliance.
Customizable Thresholds: You can adjust the evaluation thresholds for various criteria (e.g., minimum EPS growth %, minimum ROE %) to suit your risk appetite and personal standards.
How to Use Effectively:
Step 1: Select the stock symbol you wish to analyze.
Step 2: Open the indicator's settings:
Manually input your research findings for criteria C, A, L, and I.
Adjust thresholds and parameters for N, S, and M if needed.
Select the appropriate market index symbol for criterion M.
Step 3: Observe the summary table in the bottom-right corner of your screen for the overall assessment and detailed breakdown of each criterion.
"CANSLIM Step-by-Step" is a companion tool designed to help you systematize your stock evaluation process according to one of the most successful investment methodologies. Combine this indicator with your knowledge and experience to make informed investment decisions!
Commitment to Ongoing Development
We wish to share that the current "CANSLIM Step-by-Step" indicator is the initial version in our journey to build a more comprehensive CANSLIM stock evaluation support tool.
Our vision is to continuously develop and enhance this indicator with the following goals:
Increase Automation Capabilities: Explore solutions to automatically update certain basic financial data (for criteria C, A) more reliably and consistently, within the technical limits of Pine Script and available data sources.
Add Deeper Analytical Features: Such as visualizing changes in criteria over time, or comparisons with industry peers (where feasible).
Improve User Interface: Make data input and tracking even more intuitive and convenient.
Listen to and Integrate Community Feedback: We highly value all user feedback, bug reports, and feature suggestions to make "CANSLIM Step-by-Step" an increasingly useful tool.
This is a dedicated project, and we are committed to continually working to make "CANSLIM Step-by-Step" an even more powerful assistant for investors following the CANSLIM philosophy.
CANSLIM Step-by-Step - Your Companion for Evaluating Stocks with the CANSLIM Methodology
Welcome, investors, to "CANSLIM Step-by-Step"! This indicator is designed to assist you in analyzing and evaluating stocks based on the seven core criteria of William J. O'Neil's renowned CANSLIM investment methodology.
Purpose of the Indicator:
This tool is not intended to provide fully automated buy/sell recommendations. Instead, it focuses on "digitizing" and visualizing each step in the CANSLIM evaluation process, helping you gain a more comprehensive and detailed overview of potential stocks.
Key Features:
Evaluation of 7 CANSLIM Criteria:
C (Current Quarterly Earnings): Allows manual input for the latest quarterly EPS growth (%) and positive EPS status. It also attempts to fetch data automatically (which may not be stable for all symbols) for comparison.
A (Annual Earnings & ROE): Prioritizes manual input for annual EPS growth rate (CAGR) and current ROE to ensure accuracy.
N (New Highs): Automatically analyzes price action from the chart to determine if the stock is near or making a new 52-week high.
S (Supply and Demand - Volume): Automatically analyzes current trading volume against its average to detect significant surges.
L (Leader or Laggard): You evaluate and input whether the stock is a market or industry leader.
I (Institutional Sponsorship): You evaluate and input the quality and quantity of significant institutional ownership.
M (Market Direction): Automatically analyzes the trend of a reference market index (e.g., VNINDEX) using moving averages.
Prioritized Manual Input for Financial Data: For criteria C and A, the indicator allows and encourages manual input to ensure the highest accuracy, given the inherent limitations of automatically accessing consistently updated financial data via Pine Script.
"Super Compact" Summary Table:
Clearly displays the status (Pass/Fail/N/A) of each criterion using color codes.
Provides specific values for each criterion (e.g., growth percentage, distance to 52-week high, volume ratio).
Aggregates a total score (out of 7) and a star rating (0 to 7 stars) for a quick overview of the stock's CANSLIM compliance.
Customizable Thresholds: You can adjust the evaluation thresholds for various criteria (e.g., minimum EPS growth %, minimum ROE %) to suit your risk appetite and personal standards.
How to Use Effectively:
Step 1: Select the stock symbol you wish to analyze.
Step 2: Open the indicator's settings:
Manually input your research findings for criteria C, A, L, and I.
Adjust thresholds and parameters for N, S, and M if needed.
Select the appropriate market index symbol for criterion M.
Step 3: Observe the summary table in the bottom-right corner of your screen for the overall assessment and detailed breakdown of each criterion.
"CANSLIM Step-by-Step" is a companion tool designed to help you systematize your stock evaluation process according to one of the most successful investment methodologies. Combine this indicator with your knowledge and experience to make informed investment decisions!
Commitment to Ongoing Development
We wish to share that the current "CANSLIM Step-by-Step" indicator is the initial version in our journey to build a more comprehensive CANSLIM stock evaluation support tool.
Our vision is to continuously develop and enhance this indicator with the following goals:
Increase Automation Capabilities: Explore solutions to automatically update certain basic financial data (for criteria C, A) more reliably and consistently, within the technical limits of Pine Script and available data sources.
Add Deeper Analytical Features: Such as visualizing changes in criteria over time, or comparisons with industry peers (where feasible).
Improve User Interface: Make data input and tracking even more intuitive and convenient.
Listen to and Integrate Community Feedback: We highly value all user feedback, bug reports, and feature suggestions to make "CANSLIM Step-by-Step" an increasingly useful tool.
This is a dedicated project, and we are committed to continually working to make "CANSLIM Step-by-Step" an even more powerful assistant for investors following the CANSLIM philosophy.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.