Period High/Low Percentage Difference

30 mai

Check for price away from 200 days high/low and from recent high and low. Found it difficult to keep switching from regular to percentage in chart. I use it for ETF investing.

31 mai

Notes de version

Check for price away from 200 days high/low and from recent high and low. Found it difficult to keep switching from regular to percentage in chart. I use it for ETF investing.
V1.2
Added a mid line.

31 mai

Notes de version

Added label to midline

31 mai

Notes de version

This I think is the final version.
Added a price/volume study as ratio. The volumes had to be normalised by a divisor, initially using 30000 but it is user defined and in case extreme high or low volumes the visualisation would be skewed.
It appears that, as the ratio rises i.e. price increase and volume decrease leads to selling and vice-versa. My mathematical abilities being limited would need help with correlation of ratio to a buy or sell signal, or suggestion for use with another indicator.

31 mai

Notes de version

Just a clean up.

1 juin

Notes de version

Removed Candles being generated by script. Price volume ratio apparently serves very little purpose, can be switched off, it's being retained to make it into a price volume divergence signal (as a greedy trader I want to catch volumes going up before price catches up), hopefully.

2 juin

Notes de version

In tradingview can't find a way to enter price of stocks already held. As a work around have put a horizontal line at price point already bought. The line should appear once ticker matches your entry. However I and unable to handle arrays as a pair.

So the work around is hard coding in the script. If you want to add a ticker you open the script after making a working copy and copy section between remarks Copy from here to copy till here. change the values as given in remarks.

Someone more knowledgeable can help with kind of mapping as here

map.set(pricesMap, "NSE:GOLDBEES", 70)
map.set(pricesMap, "NSE:NIFTYBEES", 247)
map.set(pricesMap, "NSE:ALPHA", 50)
map.set(pricesMap, "NSE:RELIANCE", 2500)
I tried but failed.

il y a 3 jours

Notes de version

Volume-Scaled PVR with Dynamic Buy Levels (ETF investing Visual Aid)
Description
This indicator is designed primarily for exchange-traded fund (ETF) traders and investors who seek a broad, visual tool to assist in identifying favorable buy and sell regions based on key price levels in relation to High and Lows of the ETF.

Key Features
Lookback Reference Levels:
Automatically identifies and plots key price levels within a user-defined lookback period:

Period High: Highest price in the lookback window.

Period Low: Lowest price in the lookback window.

Mid-Line: Midpoint between the period high and low.

Detailed Percentage Labels:
Displays percentage distances from the current price to the period high, period low, and their respective most recent occurrences, along with bar-counts for context, allowing quick assessment of price positioning relative to significant recent highs and lows.

Dynamic Buy-Level Lines for Multiple ETFs:
Supports a configurable list of ETF tickers with predefined buy price levels. When charting one of these ETFs, a horizontal line and label mark the specified buy price level, serving as a visual reminder or guide for entries.

Lightweight and Visual:
Designed to overlay directly on price charts with minimal clutter, providing clean and insightful visual references to inform buy-low and sell-high decisions.

How It Helps You
Offers broad, contextual cues to guide "buy low, sell high" strategies on ETFs by visualizing:

Where price currently stands within recent high/low ranges.

Specific buy price levels personalized for tracked ETFs as a check before committing.

Flexible lookback parameters allow tuning sensitivity to your preferred timeframes and trading style.

Usage Notes
Customize the list of ETFs and associated buy prices within the script via arrays to suit your watchlist. (Make a working copy to update Arrays, ensure pair matching).

Best applied on daily or higher timeframes for clearer trend dynamics.

This is a visual aid and should be combined with your own analysis and risk management techniques and other standard/established indicators.