[TG] Complete Financial DataHISTORY & CREDITS
Complete Financial Data is basic, yet very effective tool, that will show the most important information from the company's latest financial statements at a glance.
WHAT IT DOES
The table is designed to show comprehensive financial data about the selected ticker.
Revenue - often referred to as sales or the top line, is the money received from normal business operations.
Gross profit , also called gross income, is calculated by subtracting the cost of goods sold from revenue.
Net income , also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses.
Earnings per share (EPS) is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability.
Total debt includes long-term liabilities, such as mortgages and other loans that do not mature for several years, as well as short-term obligations, including loan payments and accounts payable balances.
The debt-to-revenue ratio is a financial measure that compares a company's monthly debt payment to its monthly gross income.
The term cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a company. Cash received represents inflows, while money spent represents outflows.
An expense is the cost of operations that a company incurs to generate revenue. As the popular saying goes, “it costs money to make money.”
Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.
HOW TO USE IT
Even if you are entirely a technical analyst, it's always a good practice to take a look at the company's fundamentals, in order to understand more about the heath of the business. Look for companies that beat expectations and show positive growth numbers.
Analisi fondamentale
FX Profit CalculatorWith this indicator, you will be able to see how much you earn in forex in dollar terms.
It asks you 3 things when adding the indicator.
TP point
SL point
Position Entry point
If you have selected the TP point above, the entry zone below it, and the SL point below it, the indicator will automatically understand that there is a BUY order and will make the calculations accordingly.
The same is true for the opposite.
When you use the indicator in any parity, you will have problems switching to other parities.
So either use it only in one parity, or update your targets from the indicator settings at every parity change.
You will get the same error if:
Your trading entry point should be between your TP and SL points. If you do not set it this way, the indicator will warn that please fix it.
If you are in the trade, tick the settings and show the dollar-based profit of your position according to the instant closing price.
The percentage variable works like this:
When you adjust for one parity, shifts occur in the chart when you switch to the other parity. When switching to non-circulating graphics at the same prices, the user is prompted to re-enter so that the graphic does not deteriorate.
BONUS : You can move these lines up and down with your mouse on the graphic :)
Financials Index ComboFinancials Index Combo includes 2 languages Vietnamese and English:
Note the abbreviations:
Rev: Total revenue (Diluted EPS)
Gross: Gross profit
OI: Operating Income
C: Deferred Income, Current
N: Deferred Income, Non-Current
INV: Total inventories (Inventory turnover)
TAS: Total assets (Asset turnover)
Ev/Ed: Enterprise value to EBITDA ratio
ROIC: Return on invested capital
ROA: Return on assets
ROE: Return on equity
TA: Return on tangible assets
TE: Return on tangible equity
G: Sustainable growth rate
FCO: Cash From Operating Activities
FCF: Free Cash Flow
D: Debt to equity ratio
L: Long term debt to total assets ratio
E: Debt to EBITDA ratio
M: Current ratio
S: Sloan ratio -10 -> 10 --> safe zone
H: Fulmer H <0 --> struggling with its finances
>0 --> stable condition
F_score: Piotroski F-score 0 - 9
TCA: Total Current Assets
Rev/TCA: Total revenue to Total Current Assets ratio
Graham: Graham's number
NCAVPS: Net current asset value per share
Convert to billions:
Real Time Table:
Quarterly or annual financial statements
Financials Index For Bank:
FlōatFloat by AlphanumetriX is an invaluable tool to aid and abet the trader and investor.
Float can...
Assist in managing positions
Assist in identifying new positions
Assist in your accounting practices
Assist with risk management
What is Float?
The value of Float is in its simplicity. After becoming accustomed to it, you will wonder how you ever traded without it.
Float is not a ‘Buy and Sell’ indicator, it can be considered a calculator/risk management tool and position manager.
Float has advanced mathematics built into its code that allows you to set complex parameters that will be clearly displayed over your TradingVeiw charts.
View your P/L in percentage % terms after leverage and in Fiat $ terms after Leverage.
Box
After entering all commands in the settings, you are clearly able to view all pertinent information of your trade in real-time.
Float will apply and recalculate any amendments that you enter instantaneously.
BEFORE entering a trade, use Float to…
Identify where your liquidation point would be, relative to the amount of leverage applied to the trade.
Identify where a potential Stop Loss or Take Profit point could be placed.
Assess the Risk/Reward of the trade.
Run mock trades to gauge your performance prior to live trading.
Calculate the Capital and Quantity of assets post leverage.
Some examples below
Financial Intelligent Eval [Fundamental] (MYTRIC)█ OVERVIEW
Financial Algorithm is a system to quickly understanding company fundamental, and judge the company type based on their financial condition.
All evaluation from the system is the result of combination with Balancing Calculation and Company Historical Financial Data(Financial Report) by using over than 30 financial ratios.
This indicator are classified into 5 level (Very Weak, Weak, Moderate, Good, Excellent)
Advantages of Financial Algorithm
• By combining and calculating company's latest 4 quarterly report, provide rating to help investor quickly know about company's fundamentals and financial performance.
• Able to identify company have what kind of strength, weakness, chance and threat. For instance, according to current economic situation, is it an advantages or a threat for a company, investor can identify it via Financial Algorithm.
• Able to identify which company have better business management by keep following the company rating, observe the improvement level of company's.
Application
*When notice there are not improvement on a company's fundamentals or financial performance which is profitable without further developing, it usually reveals the lack of management capability to generate more value, company unable to fully utilise its profit, reinvest and expanding its business to become more competitive. Sometimes this kind of company may be suspected accounting fraud.
█ BENEFITS
• Avoid investing in companies suspected of financial fraud.
• To quickly understanding company's fundamental and financial structure.
• Able to analyze whether the company build profit after it is used to optimize the company's internal
█ FEATURES
You can configure the following attributes of the display:
• Table position on your chart.
• The size and colour of text.
• Language between English and Chinese.
• Rating bar chart colour.
• On / Off Statement Review Helper Function
• On / Off 3 Years Evaluation Function
• On / Off Basic Information
• Full descriptions of each evaluation and content are included in the settings
█ LIMITATIONS
• When changing the indicator's inputs, allow around 20 seconds calculation for the change to be reflected in the display.
• This system only able to evaluate non-financial industry.
• This system is based on company's historical financial report data to generate the results and rating, it does not includes prediction from any external factor.
(External Factor: Business Model, Business Distribution & Geography, Corporate Structure, Competitor and Peer company's, Prospect, Costing Breakdown, Disaster and etc)
• Any results calculated by this system all is based on data provided by Tradingview, Data may have some tolerance, we recommend that users pay attention to the official quarterly/annual report.
█ FINANCIALS INTELLIGENT ALGORITHM FUNCTION
This lists all combination calculate financials.
01. Total Revenue
02. Earnings before interest and tax
03. Net Income
04. Property, Plant, and Equipment
05. Total Receivables
06. Cash and short-term Investments
07. Cash & Cash equivalents
08. Total Liability
09. Working Capital
10. Total Debt
11. Total Equity
12. Retained Earnings
13. Total Asset
14. Cash From Operating Activities
15. Income before extraordinary items
16. Total depreciation and amortization
17. Free Cash Flow
18. Altman Z-score
19. Cash to Debt Ratio
20. Current Ratio
21. Debt to Assets Ratio
22. Debt to Equity ratio
23. EBITDA Margin
24. Free Cash Flow Margin
25. Grahams Number
26. Net Margin
27. Price Book Ratio
28. Piotroski-F Score
29. Quick Ratio
30. Return on Assets
31. Return on Equity
32. Return on Invested Capital
33. Float Shares Outstanding
34. Total Common Shares Outstanding
35. Cash to Revenue
36. Cash to Market Capital
37. Cash to Debt
38. Receivable Turnover
39. Quality of Earning
40. Market Capital
8 financial evaluation :
3 years financial evaluation tracking :
Statement Review Helper :
█ HOW TO MAKE THE RIGHT INVESMENT OR TREND TRADING DECISION BASED ON OUR EVALUATION
Avoid mid/long term invest in companies with poor financial evaluation, only suite for trend trading. The below following assessments need to be focused.
• Comprehensive rating is poor or below.
• Quality of Earning is very poor or below.
• Receivability is very poor or below (Total Receivable is too high)
• Before : Poor Financial Strength with revenue growth
• After : The price dropped by about -80% within 2 months
███████████████████████████████████████████████████████████████████████████████████████████
• Before : Poor Financial Strength with revenue growth
• After : The price dropped by about -90% within 1 year
███████████████████████████████████████████████████████████████████████████████████████████
• Before : Excellent Financial Strength
• After : Steady growth
Steady growth
• Conclusion :
Do not judge it as a good company just because it has continuous income.
When we analyze the company's financial report, we should not only look at the company's revenue,
we should pay more attention to the company's finances and weaknesses.
Only companies with strong financial strength that can expand their business in a stable manner.
Disclaimer :
*The following conclusion are purely based on my personal opinions and views, it’s only for study and research, without any trading and investment advice.
Silen's Financials Debt & EquityThis Script shows Debt (red) & Equity (green), as well as Total Equity and Net Income in a preformatted way for a symbol. Total revenue's and Net income's visibility is turned off by default and can be activated in the indicator settings. 🍳
Disclaimer: Any content in this script can be completely replicated by using Tradingview's Build-In Financial Indicators: Total debt, Total equity, Net income and Total revenue. It requires a lot of formatting work to get them to this state though. 👌
However, you are going to need 4 Financial Indicators clogging 🚽 your screen. With this indicator you have them preformatted as an overlay on your chart so you know exactly what's going on with your ticker's financials. 💰
I recommend only using Debt & Equity OR Total Equity & Net Income together. Although displaying all 4 indicators together is possible, it will make your chart quite messy.
This is how the indicator looks like for Total equity and Net Income:
This Script (2) is part of a Series that will contain 3 scripts to help you easily evaluate if a stock is trading in harmony with its fundamentals or not. ☯
Script 1 already exists:
Script 3 will be a Fair Value Indicator. 📣
Script 1 and 2 combined will look like this: 🌄
If you have any questions, let me know! 🙂
Estimate, Earnings, Surprise EarningsThis plot helps you to show estimate earnings , reported earnings , and surprise earnings of a company inside a chart.
Estimate earnings is the projection of earnings of a company by the analysts for a given period of time.
Earnings is a company's reported profits (or sometimes a loss if going negative) in a given quarter or fiscal year.
Surprise earnings is an earning (or sometimes a loss if going negative) which is above (or even below) the estimated or reported earnings.
Estimate earning is plotted by white lines
Reported Earnings is plotted by columns, where positive number is blue and negative number is purple.
Surprise Earnings is plotted by columns, where positive number is green and negative number is red.
You surely will be able to tweak and customize all the colors above with color you find comfortable.
Since earnings are reported every quarter of the year, this plot will gives a good view when you put it inside a 3 Months timeframe.
Hope this helpful.
Key Financials on ChartA simple table with a couple of key financials
The metrics are (top to bottom and left to right):
- Market cap
- P/S-ratio and forward P/S-ratio
- P/E-ratio and P/FCF-ratio
- Debt/Equity and Assets/Equity ratios
- Price/Book-ratio and Operating Margin
- Pietrosky F-Score and current Dividend Yield
should be enough to get a first idea about fundamentals of growth or value-stocks...
BTI ALGO GLOBALHello traders
I. 💎 SCRIPTS ACCESS AND TRIALS 💎
1. Every trial request access has to be done through my website.
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and go past the long description) and in my profile status available here: Daveatt
3. Many video tutorials explaining clearly how all our indicators work are available on your website > guides section and on our Discord forum.
4. You can also contact me directly for more information regarding the trading method included in the indicator or how to access it
II. Forewords
Algorithm trading has THE ambitious goal to reduce the number of decisions we have to make when trading.
It's so much easier to get a signal whenever all indicators are converging rather than monitoring each one individually.
Even better when that convergence has been found by experienced quant traders - so that our subscribers only worry about managing their trades according to our trading method.
💎 We don't only provide scripts.
💎 The entries and exits are based on our trading method we've built over years across many asset classes (including cryptocurrencies)
Feel free to check us out for more information (links in my profile or signature below)
This indicator is for the Scalpers/Intraday/Swing traders looking for fixed entries based on a trading method designed by 2 experienced traders.
Plus, we iterated during 3 years with our 2K+ traders' community to bring this indicator to life.
We designed this framework for :
- CRYPTO: CRYPTO/USD and CRYPTO/CRYPTO pairing (ex: LTC/ BTC, XRP/ETH, ...).
We're compatible with all crypto brokers (Binance, Coinbase, Kraken, ...) and Decentralized exchanges (Uniswap, Pancakeswap, Anyswap, ...)
If it can be charted on TradingView, we support it.
- International Stocks (US, FR, JP, CA, IN, ...)
- Stocks and Crypto Indices (DOW JONES, DAX, DEFIPERP, SHITPERP, NIKKEI, NFT indices)
- FOREX: All FOREX pairs
- ALL Commodities
It includes :
- our proprietary method with fixed entries
- a hard exit system (built-in stop-loss)
- 🔔 Compatible with dynamic alerts for TradingConnector, Profitview, Autoview, 3commas 🔔
Dynamic alerts are bringing automated trading to a whole new level. The third-party solutions capturing TradingView alerts are able to use them.
- (optional) we let the users decide to use or not our built-in Trade Manager.
Regardless of the Trade Manager is used or not, one must mandatory exit, once a vertical hard exit bar appears.
- the Algorithmic Supports and Resistances used as safeguards and take profit zones.
Final words
We made it as simple as we could (to be honest it's a very simple system for the end-user) - even with several hundreds of calculations in the indicator.
Please hit me up for any questions/feedback/comments
Become the BEST trader that you deserve to be
Dave
TradingGroundhog - Fundamental Analysis - Multiple RSI Ema(Script Available Version of my previous Fundamental Analysis - Multiple RSI Ema )
As the number of crypto currencies is expanding, we need to find the one which will boom in the next months, weeks or even days.
Therefore, I present to you a Fundamental Analysis tool based on RSI built in order to compare the RSI between the diverse cryptocurrencies.
When cryptocurrencies start to trend, become active, minable and especially "buyable", people are investing their money into them.
As a result,the Daily RSI rises and the price of the crypto in question increases steadily.
With "Fundamental Analysis - Multiple RSI EMA" you can :
Follow up to 20 RSI from different exchanges at the same time.
Find easily Increasing/Decreasing RSI as the lines get transparent if their RSI decrease.
You can also select market with high potential of booming as :
Booming Market : 60 < Daily RSI <= 100 (Strong green background)
Potent Market : 55 < Daily RSI <= 60 (Light green background)
Sleepy Market : 50 < Daily RSI <= 55 (Light red background)
Dying Market : 0 < Daily RSI <= 50 (Strong red background)
Futur booming crypto will go from the Potent Market to the Booming Market
Can be used with the following time frames depending on the necessity:
4H
Daily (Preferred)
Weekly
Monthly
Good trades !
Disclaimer (As it should always be one to any script)
***
This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading.
***
PE BandPE Band is computed from the historical patterns of the Price Earnings Ratio (PE Ratio) for each individual stock. The advantage of the PE Band is its consideration for both the fundamental factor (i.e. profitability) and the historical trading pattern of a stock. But if you need to adjust to your favorite PE Band, you can still enter the PE figures in settings.
The use of PE Band is especially meaningful for listed companies, which have profitable track records. For a stock with stable earnings, its price tends to move within the PE Band. In other words, the stock price in one extreme tends move to the other extreme within the Band.
Profit Percentage TrackerThis script provides a quick and easy way to visualize profits in a chart, based on the given entry date and price.
Optionally, alerts can be sent when profits cross up the given " profit unit ".
In short:
Tracks how much profit one could take based on the input " entry date " and the input " entry price "
These inputs are interactive (www.tradingview.com)
Displays the result in a label on top of the last candle
(Optional) Sends alerts based on the given " profit unit ", that is: if ' 0.5 ' is given, then an alert is triggered every time the profit is raised by that number
(Be careful with low values, as TradingView could stop an alert if it triggers too much.)
For alerts to be displayed, a " script alert " must be created right after the script was added to the chart:
- www.tradingview.com
(Choose ' Profits ' as condition and ' Any alert() function call ')
Good to know: if you check " Notify on app ", alerts can be delivered directly to your phone:
i.imgur.com
Prerequirements :
The chart's timezone has to be set to " Exchange " (this is required in order to support the alert's logic):
- kodify.net
Fundamental Analysis - Multiple RSI EMAAs the number of crypto currencies is expanding, we need to find the one which will boom in the next months, weeks or even days.
Therefore, I present to you a Fundamental Analysis tool based on RSI built in order to compare the RSI between the diverse cryptocurrencies.
When cryptocurrencies start to trend, become active, minable and especially "buyable", people are investing their money into them.
As a result,the Daily RSI rises and the price of the crypto in question increases steadily.
With "Fundamental Analysis - Multiple RSI EMA" you can :
Follow up to 20 RSI from different exchanges at the same time.
Find easily Increasing/Decreasing RSI as the lines get transparent if their RSI decrease.
You can also select market with high potential of booming as :
Booming Market : 60 < Daily RSI <= 100 (Strong green background)
Potent Market : 55 < Daily RSI <= 60 (Light green background)
Sleepy Market : 50 < Daily RSI <= 55 (Light red background)
Dying Market : 0 < Daily RSI <= 50 (Strong red background)
Futur booming crypto will go from the Potent Market to the Booming Market
Can be used with the following time frames depending on the necessity:
4H
Daily (Preferred)
Weekly
Monthly
Good trades !
Disclaimer (As it should always be one to any script)
***
This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading.
***
Dividend YieldA simple indicator that shows the current dividend yield over time. The indicator uses the last quarter's dividend and extrapolates it to the full year.
© AlpHay : SECURITY FUNDAMENTAL TABLE// Equity Fundamental Data Report Table:
// Data Provider: Tradingview
// I am not a financial advisor or expert.
// This is my interpretation of this data. Consider this data doesn't represent the whole picture of what is going on!
// If you find some fundamentally wrong thinking about this approach, please inform me.
// I am open to suggestions. I am also looking for answers.
// Use it with a daily timeframe for data consistency.
// You can change or customize the threshold values whatever you want.
// www.tradingview.com
Dividend Yield & Dividend Growth Rate (Most Accurate)In this indicator it shows the dividend yield in green line and dividend growth rate in blue area.
Currently our dividend yield calculation is the most accurate in TradingView.
Dividend growth rate is the annualized percentage growth rate experienced by dividends of a given stock over 5 years period of time.
Many established companies have sought to regularly increase dividends paid to investors.
Gearing RatioEach company uses a different method to calculate their gearing ratio in financial quarterly report or annual report.
The best way to compare each other is to use the same calculation.
In this version we have 2 calculation method, you change this from the setting.
1. Net gearing ratio (default setting)
2. Gearing ratio
Silen's Financials P/E & P/S[x10] RatesThis script aims to give a better visualization of P/E and P/S rates compared to the build-in "Price to earnings ratio" and "Price to sales ratio" in the "Financials" Section of Tradingview. For those of you don't know, those rates compare earnings and sales with your share price in regard to market cap and outstanding shares.
The scripts differs to the build-in versions in the following points:
- P/E & P/S rates are combined in one indicator
- Negative P/E rates are displayed better: Positive P/E rates are green, Negative P/E rates are red
- For visualization reasons, the indicator will cap positive and negative P/E rates at 100. (P/E rates above those levels are not siginificant either way)
- P/E & P/S rate are directly displayed on the graph
- Both P/E and P/S rates are combined on one left scale
- For visualization reasons, P/S rate is showing 10x the actual P/S rate. Using the standard P/S rate would result in hard-to-recognize changes of the P/S line.
To sum up:
- Positive P/E rates are green
- Negative P/E rate are red
- P/S rates are multiplied by 1 0
- P/S rates are yellow
How to use P/E and P/S rates:
The US market average for P/E rates is roughly ~18 in the US right now (10/2022) while the market average for P/S rates is roughly ~3 in the US. Note that average P/E and P/S can change when the market situation changes.
P/E and P/S rates help you value your stock better and help you decide whether your stock is undervalued or overvalued compared to the market or the industry when it comes to earnings and sales. If you compare to Market averages, a positive P/E of less than 18 means that your stock is likely unvervalued. A P/S rate below 3 (30 in the chart!) means that your stock is likely undervalued as well. If your stock shows rates above those, it is likely that it is overvalued compared to market averages.
Please note that P/E and P/S rates are not the only factors that make up a stock valuation. Valuations are complex and subjective.
A positive P/E rate also means that your company is profitable.
A Negative P/E rate means that your company is unprofitable.
If you have any questions or feedback let me know!
Disclaimer: This script doesn't show the actual P/S rate. It shows the P/S rate multiplied by 10, due to visualization issues. Positive P/E Rates above 100 are displayed as 100. Positive P/E rates are green, Negative P/E rates are red and multiplied by -1.
Disclaimer2: @Tradingview_Team: I couldn't find the right category for this script but categories are mandatory. I assume that "Breadth Indicators" is still the closest there is. Please let me know if you want me to change the category.
Disclaimer3: For visualization, the opacity of the displayed image is 70%. The standard opacity for the P/E and P/S lines is 50% and can be changed in the indicator settings. I found this setting more useful when working together with other indicators on the same chart
Disclaimer4: Earnings Per Share, Total Revenue used are TTM. Total Shares Outstanding used are FQ.
Gain/StopLoss Percentage LinesGain/StopLoss Percentage Lines is a quick way to enter your Entry Price in to a stock and track the percentage of gain or loss at the 5% and 10% markers.
Click on the gear settings icon and type in your entry price. The percentage is defaulted to 5%. You can change this to a different percentage at this screen. Note that whatever number you enter will be doubled for the upper and lower lines. For instance, if you want to set your first red line stop loss and green gain line at 2.5%, your two other upper and lower green and red lines will be at 5%.
However, this will not change the text on the tab marker.
To change the tab text, go in to the Pine Editor and change the green text that says "5% Gain" and "5% Loss" to your new percentages.
Yield Curve Inversion IndicatorIntroduction
The last time (as of this publishing) that this indicator detected an inverted interest rate yield curve was on February 20th, 2020 at 12:30pm EST, the afternoon before the S&P500 began one of its largest crashes in US history. The vast majority of major economic recessions since the 1950's have been preceded by an interest rate yield curve inversion. I created this indicator originally as an input to study the impacts of more conservative risk management on quantitative trading strategies following a yield curve inversion event. It is being shared with the community as a quick indicator to check to see the comparative status of short term and long term interest rates, and as an indicator where you can easily check to see if we are experiencing an inverted yield curve in real-time.
Background of the significance of an inverted yield curve:
"What an inverted yield curve really means is that most investors believe that short-term interest rates are going to fall sharply at some point in the future. As a practical matter, recessions usually cause interest rates to fall. Historically, inversions of the yield curve have preceded recessions in the U.S. Due to this historical correlation, the yield curve is often seen as a way to predict the turning points of the business cycle. When the yield curve inverts, short-term interest rates become higher than long-term rates. This type of yield curve is the rarest of the three main curve types and is considered to be a predictor of economic recession. Because of the rarity of yield curve inversions, they typically draw attention from all parts of the financial world." (www.investopedia.com)
Settings and Usage
This indicator pulls in pricing data from tickers that represent short term and long term interest rates, and compares them. The red line represents short term interest rates, and the green line represents long term interest rates. When the red line is above the green line, it indicates that we are experiencing a yield curve inversion. Small blue crosses also appear on the bottom of the indicator during an inversion to further highlight the event visually. This indicator pulls in the same information on the same two interest rate tickers regardless of what chart it is applied to.
Other Thoughts
This script uses the f_secureSecurity function as a best practice. For those that are versed in PineScript, code from this indicator could be adapted to be applied to an interest rate chart that allows custom alerts to be created the moment that there is an inverted interest rate yield curve.
Straddle / Ironfly AdjustmentStraddle / Iron fly Adjustment is an indicator to assist (especially) Nifty / Bank Nifty Option Writers / Sellers (other instrument writers also) to draw their straddle / iron fly payoff diagram in the chart, mainly max profit and breakeven points and do adjustment based on the market movement.
Basic Idea: (My Conclusion for making this Indicator)
1) For Straddle / Iron fly writers need to adjust their position based on the market movement.
2) Here I give two adjustment ideas which one is my favorite method and another one is one of my friends is using.
a) Price Vs Time based Adjustment
I usually wait until price cross the price vs time line to do any adjustment. Generally, price vs time-based adjustment gives you more point to enter any adjustment in initial day/time when you created the straddle / iron fly. But one later it will reduce the range it become narrow.
b) Percentage based Adjustment
This method using by one of my friends which is based percentage between straddle / iron fly line and upper / lower breakeven points. Generally, he using 50 percentage. In this indicator we do have option to change the percentage between 25 to 100.
User must give inputs to see the straddle / iron fly diagram (Max Profit, Breakeven points, Adjustment, Percentage based adjust line and so)
This is not an intraday indicator and also its not suggesting you to take any buy/sell or straddle/iron fly positions. Its just giving an opportunity to draw a payoff diagram of for max profit and breakeven zone. And also helps to identify the adjustment based given scenario.
Happy Trading 😊
Saravanan Ragavan
Percentile - Price vs FundamentalsThis is done in the same lines of below scripts
Drawdown-Price-vs-Fundamentals
Drawdown-Range
Instead of using drawdown, here we are only plotting percentile of drawdown. Also added few more fundamental stats to the indicator. Also using part of the code from Random-Color-Generator/ to automatically generate colors. This in turn uses code from @RicardoSantos for convering color based on HSL to RGB
This is how the study can be used:
Study plots percentile of price and each of the listed fundamentals based on history. History can be chose All time or particular window. If any fundamental or price is near 100 - which means it is nearer to its peak. And if something is near its bottom, it is nearer to its 0th percentile.
Price of the stock is considered undervalued based on historical levels when it is below most of the fundamentals. Price is considered overvalued based on historical levels when it is above all the fundamentals. Please note, being undervalued does not guarantee immediate mean reversion. Stocks can stay undervalued for prolonged time and can go further down. Similarly overvalued stock can stay overvalued for prolonged time before correcting itself or justifying the position. Hence, further discretion needs to be used while using this study.
Few examples:
AMZN seems to be trading in range and so are the fundamentals:
MSFT at peak along with half of the fundamentals. But, debt levels are going up along with margins reducing.
LPX is trading at 15% discount whereas most of the fundamentals are at the peak.
FLGT price seems to have gone down further whereas fundamentals look pretty healthy.
