Followthroughday — Indicatori e strategie

Extended CANSLIM Indicator ❖ Extended CANSLIM Indicator. The Extended CANSLIM indicator is an indicator that concentrates all the tools usually used by CANSLIM traders. It shows a table where all the stock fundamental information is shown at once first for the last quarter and then up to 5 years back. The fundamental data is checked against well known CANSLIM validation criteria and is shown over 4 state levels. 1. Good = Value is CANSLIM Compliant. 2. Acceptable = Value is not CANSLIM compliant but still good. value is shown with a lighter background color. 3. Warning = Value deserves special attention. Value is shown over orange background color. 3. Stop = Value is non CANSLIM compliant or indicates a stop trading condition. Value is shown over red background color. The indicator has also a set of technical tools calculated on price or index and shown directly on the chart. ❖ Fundamental data shown in the table. The table is arranged in 4 sets of data: 1. Table Header, showing Indicator and Company data. 2. CANSLIM. 3. 3Rs: RS Rating, Revenue and ROE. 4. Extra Data: Piotroski score, ATR, Trend Days, D to E, Avg Vol and Vol today. Sets 3 and 4 can be hidden from the table. ❖ Indicator and Compay Data. The table header shows, Indicator name and version. It then displays Company Name, sector and industry, human size and its capitalization. ❖ CANSLIM Data. Displays either genuine CANSLIM data from TradinView or custom data as best effort when that data cannot be obtained in TV. C = EPS diluted growth, Quarterly YoY. >= 25% = Good, >= 0% = Acceptable, < 0% = Stop A = EPS diluted growth, Annual YoY. >= 25% = Good, >= 0% = Acceptable, < 0% = Stop N = New High as best effort (Cust). Always Good S = Float shares as best effort. Always Good L = One year performance relative to S&P 500 (Cust), Positive : 0% .. 50% = Neutral, 50%+ = Leader, 80%+ = Leader+, 100%+ = Leader++ Negative : 0% .. -10% = Laggard, -10% .. -30% = Laggard+, -30%+ = Laggard++ >= 50% = Good, >= 0% = Acceptable, >= -10% Warning, < -10% = Stop I = Accumulation/Distribution days over last 25 days as a clue for institutional support (Cust). A delta is calculated by subtracting Distribution to Accumulation days. > 0 = Good, = 0 = Acceptable, < 0 = Warning, < -5 = Stop M = Market direction and exposure measured on S&500 closing between averages (Cust). Varies from 0% Full Bear to 100% Full Bull >= 80% = Good, >= 60% = Acceptable, >= 40% = Warning, < 40% = Stop ❖ Extra non CANSLIM Data. RS = RS Rating. >= 90 = Good, >= 80 = Accept, >= 50 = Warning, < 50 = Stop Rev. = Revenue Growth Quarterly YoY. >= 0% = Good, <0% = Stop ROE = Return on Equity, Quarterly YoY. >= 17% = Good, >= 0% = Acceptable, < 0% = Stop Piotr. = Piotroski Score, www.investopedia.com (TV) >= 7 = Good, >= 4 = Acceptable, < 4 = Stop ATR = Average True Range over the last 20 days (Cust). 0% - 2% = Acceptable, 2% - 4% = Ideal, 4% - 6% = Warning, 5%+ = Stop. Trend Days = Days since EMA150 is over EMA200 (Cust). Always Good D. to E. = Days left before Earnings. Maybe not a good idea buying just before earnings (Cust). >= 28 = Good, >= 21 = Acceptable, >= 14 = Warning, < 14 = Stop Avg Vol. = 50d Average Volume (Cust). >= 100K = Good, < 100K = Acceptable Vol. Today = Today's percentage volume compared to 50d average (Cust). Always Good. ❖ Historical Data. Optionally selectable historical data can be displayed for C, A, Revenue and ROE up to 20 quarters if available. Quarterly numbers can also be displayed for A, C and Revenue. Information can be shown in Chronological or Reverse Chronological order (default). Increasing growth quarters are shown in white, while diminuing ones are shown in Yellow. Transition from Losing to Profitable quarters are shown with an exclamation mark ‘!’ Finally, losing quarters are shown between parenthesis. ❖ MAs on chart. Displays 200, 100, 50 and 20 days MAs on chart. The MAs are also automatically scaled in the 1W time frame. ❖ New 52 Week High on chart. A sun is shown on the chart the first time that a new 52 week high is reached. The N cell shows a filled sun when a 52 week high is no older than a month, an lighter sun when it’s no older than a quarter or a moon otherwise. ❖ Pocket Pivots on chart. Small triangles below the price are signaling pocket pivots. ❖ Bases on chart, formerly Darvas Boxes. Draw bases as defined by Darvas boxes, both top or bottom of bases can be selected to be shown in order to only show resistance or support. ❖ Market exposure/direction indicator. When charting S&P500 (SPX), Nasdaq 100 Index (NDX), Nasdaq composite (IXIC) or Dow Jownes Index (DJIA), the indicator switches to Market Exposure indicator, showing also Accumulation/Distribution days when volume information is available. This indication which varies from 0% to 100% is what is shown under the M letter in the CANSLIM table which is calculated on the S&P500. ❖ Follow Through Days indicator. If you are an adept of the Low-cheat entry, then you will be highly interested by the Follow Through days indicator as measured in the S&P 500 and shown as diamonds on the chart. The follow-through days are calculated on S&P500 but shown in current stock chart so you don’t need to chart the S&P 500 to know that a follow through day occurred. Follow Through days show correctly on Daily time frame and most are also shown on the Weekly time frame as well. They are also classified according to the market zone in which they occur: 0%-5% from peak = Pullback : FT day is not shown. 5%-10% from peak = Minor Correction : Minor FT days is shown. 10%-20% from peak = Correction : Intermediate FT days us shown 20+% from peak = Bear Market : Makor FT days is shown ❖ RS Line and Rating indicator. A RS Line and Rating indicator can be added to the chart. Relative Strength Rating Accuracy. Please note that the RS Rating is not 100% accurate when compared to IBD values. ❖ Earning Line indicator. An Earning Line indicator can be added to the chart. ❖ ATR Bands and ATR Trade calculator. The motivation for this calculator came from my own need to enter trades on volatile stocks where the simple 7% Stop Loss rule doest not work. It simply calculates the number of shares you can buy at any moment based on current stock price and using the lower ATR band as a stop loss. A few words about the ATR Bands. On this indicator the ATR bands are not drawn as a classical channel that follows the price. The lower band is drawn as a support until it’s broken on a closing basis. It can’t be in a down trend. The upper band is drawn as a resistance until it’s broken on a closing basis. It can’t be in an up trend. The idea is that when price starts to fall down from a peak, it should not violate its lower band ATR and that means that we can use that level as a Stop Loss. You must look back for the stock volatility and find out which ATR multiplier works well meaning that the ATR bands are not violated on normal pullbacks. By default, the indicator uses 5x multiplier. ❖ Extra things, visual features and default settings. The first square cell of current quarter displays a check mark ‘V’ if the CANSLIM criteria is OK or acceptable or a cross ‘X’ otherwise. The first square cell of historical C and Rev show respectively the count of last consecutive positive quarters. There are different color themes from “Forest” to “Space” you can chose from to best fit your eyes. You also have different table sizes going from “Micro” to “Huge” for better adjustment to the size of your display. The default settings view show: Pocket Pivots, FT Days, MA50, RS Line and ATR Bands. That's all, Enjoy!

Vietnamese Stock Market FTD (Follow Through Day) Alert A Pine Script implementing William O'Neil’s Follow Through Day (FTD) strategy for the Vietnamese stock market. It scans 7 predefined sector groups (Banks, Real Estate, Retail, etc.) to detect momentum breakouts. Key Features : Triggers an FTD signal when ≥X groups (default: 3) have ≥Y stocks (default: 2) rising above a Z% threshold (default: 5%) daily. Highlights qualifying stocks by group in a dynamic label during alerts. Visualizes strength via histograms and background shading. Open-source under Mozilla Public License 2.0 . Purpose : Identify institutional buying and potential market reversals.

Follow Through Day (FTD) + Sweep [TrendX_]The Follow Through Day (FTD) + Sweep indicator is a Trend-following tool mixing William O'Neil's original FTD concept and Liquidity concept. This indicator helps you identify potential subsequent bullish trends with greater precision by combining volume analysis, price action, and liquidity concepts. 💎 FEATURES Follow Through Day Candle (FTD Candle) The FTD, pioneered by William O'Neil, serves as a reliable signal for identifying the beginning of new bull markets. It's particularly valuable because it combines multiple market factors - price action, volume, and timing - to confirm genuine market reversals rather than temporary bounces. The power of the FTD lies in its ability to distinguish between ordinary market fluctuations and significant trend changes. By requiring specific criteria to be met across multiple sessions, it helps filter out false signals and identifies high-probability reversal points where institutional investors are likely beginning to accumulate positions. Sweep Area The Sweep area feature enhances the traditional FTD concept by incorporating modern liquidity analysis. This overlay identifies zones where large market participants are likely to trigger stop losses before continuing the trend. These areas often represent optimal entry points for traders looking to join the new uptrend with reduced risk. 🔎 BREAKDOWN FTD Candle The FTD formation process occurs in two distinct phases: Setup and Completion. Setup Phase Strong Market Decline The market must first experience a significant downtrend This selling pressure helps clear out weak hands and creates oversold conditions The decline creates the potential energy for a powerful reversal First Recovery Session Marks the initial sign of buying pressure emerging Often characterized by a strong reversal candle Represents the first indication that selling pressure may be exhausting Recovery Confirmation The second and third days must maintain prices above the new pivot low This consolidation period helps confirm the validity of the initial bounce Shows that sellers are no longer in control of price action Completion Phase: Supply Test Session Low volume indicates diminishing selling pressure Price remains above the pivot low Creates the foundation for institutional buyers to begin accumulating Breakout Day Price increase exceeds average profit of bullish candles Volume increases by at least 15% compared to previous session Shows strong institutional commitment to the new uptrend Timing Window Must occur between the 4th and 8th candle after First Recovery Session This specific timing helps confirm the sustainability of the reversal Based on O'Neil's research of historical market bottoms FTD Sweep The Post-FTD Phase introduces the Sweep concept, which is crucial for understanding how large market participants operate. This feature leverages the liquidity concept because institutional traders often need to trigger stop losses to accumulate larger positions at better prices. This helps: Create liquidity pools for large position entries Shake out weak hands before continuing the trend Test the strength of the new trend by absorbing selling pressure ⚙️ USAGE Sweep + TP & SL Strategy Example: BTCUSDT (1D) - Replay back to 9th November 2024 After an FTD candle forms, traders can adopt a systematic approach to enhance their trading strategy. First, they should determine the swing range and convert the post-FTD zone into concrete stop loss and take profit levels, which are based on the price action during the FTD formation. Next, traders should wait for a sweep formation, as this indicates that institutional players are accumulating positions. A quick price rejection from the sweep level should be observed before executing an entry. The reasoning behind this strategy is rooted in market microstructure. By waiting for the sweep, traders position themselves alongside institutional players who need to build large positions without causing adverse price movement. The sweep creates the liquidity they need, and the subsequent move often represents the true trend continuation. DISCLAIMER This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.