I wrote this script to give me a few metrics I follow and to quickly identify if they have the strength and momentum I am looking for. The metrics are used by StockBee and Qullamaggie to distinguish fast moving stocks gaining momentum.
The measures are:
Average Daily Range similar to TradingView's Monthly Volatility is above 5%
Intermediate moving average is above long term or short term is over intermediate term
Trend Intensity above 1.05 calculated by (SMA7/SMA65)
Recent ER Beat
Recent Sales Beat
I also list the market cap, average daily dollar volume, and float to give an idea of liquidity and tradability.
Notes de version
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Update 4/4/2022 Made several enhancements that can be toggled on/off -Added bar shading for inside and outside bars -added episodic pivot flag to see historic EPs and if current day meets criteria. Can also adjust criteria. -added pocket pivot indicator. -added ATR and the current daily range as a % of ATR -added simple Relative Volume as a % of current days volume
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-minor typo fix
Notes de version
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Fixed issue with earnings and sales estimates. Should be looking back one period for estimates to align the earnings releases as new estimates will be compared instead. (Considering changing this rule to YoY earnings growth > X% instead of earnings beats since earnings results can already be overlaid in chart settings. Please comment know your preferences). Can also input your own offset and toggle the revenue estimates/actual to verify
added logic to ignore invalid symbols when calling financials
Changes some of the number formatting to be cleaner looking.
Thank you for this. I really love this script.
Hope it is not too much to ask, but would you be comfortable with sharing the code for this script?
I would really like to use it on one of my personal own.
Thanks