Jerry Romine TS BAR (PE Ratio, % Change, ATR, TS, Volume, NIM)

13 sept. 2021

We are excited to introduce our TradingView Bar which gives you a quick read of the stock, index, or cryptocurrency at a glance. The PE ratio helps you quickly categorize the security. Percentage of change helps you quickly assess if the stock is trending up (lots of green) or down (lots of red). The ATR (Average True Range) expresses the volatility of the stock and is used to determine the recommended trail stop. Volume Percent compares the last 3 trading days to the previous 30. And the Net Income Margin helps you quickly assess the stocks profitability.

The indicator components are:

• Price to Earnings Ratio
  
• Price Performance over time( 1 week, 1, month, 2 months 3 months, 6 months, 1 year, 2 years)
  
• ATR (volatility indicator). Shown as a dollar and %
  
• Recommended Trail Stop (Based on ATR multiple)
  
• Volume Percent
  
• Dividend Yield (stocks only)
  
• Net Income Margin (stocks only)
  

* The Trail Stop and Volume indicator can be easily adjusted in the settings.

Please Use the link below for more information or to purchase.

13 sept. 2021

Notes de version

Corrected typo for clarity.

1 nov. 2021

Notes de version

Updated to V5

26 nov.

Notes de version

What is new in V2

This update renames the “Jerry Romine TV BAR” indicator" to the "Jerry Romine Market Intelligence Bar V2" to a different level. It now combines price action, fundamentals and risk metrics in a single compact bar at the top right of your chart.

New in this version:
• Upgraded to Pine v6 for better stability and future support

• Added an enhanced Beta metric with:
– Beta value versus your chosen index (SPX, COMP, NDX, DOW, RUT)
– Color coded Beta heat map so you can see volatility at a glance
– Beta trend label that tells you if risk is rising or falling
– Volatility class label from Low to Ultra

• Added a Sharpe Ratio module that:
– Calculates annualized risk adjusted returns over your selected lookback period
– Classifies Sharpe from Suboptimal to Elite

• Kept the original Market Intelligence Bar features:
– PE ratio with dynamic color coding
– 1W, 1M, 2M, 3M, 6M, 1Y, 2Y percent change
– ATR and TS labels
– Volume surge label versus lookback
– Dividend yield and Net Income Margin (NIM)

The goal is simple. In one fast glance you see:
• How the stock has performed across multiple time frames
• How expensive or cheap it looks on PE and margin
• How volatile it trades versus the index
• How well you are being paid for the risk you are taking via the Sharpe Ratio

I use this every day to quickly sort between calm, normal and wild stocks and to avoid taking big risks without being paid for it.

26 nov.

Notes de version

What is new in V2

This update renames the “Jerry Romine TV BAR” indicator" to the "Jerry Romine Market Intelligence Bar V2" to a different level. It now combines price action, fundamentals and risk metrics in a single compact bar at the top right of your chart.

New in this version:
• Upgraded to Pine v6 for better stability and future support

• Added an enhanced Beta metric with:
– Beta value versus your chosen index (SPX, COMP, NDX, DOW, RUT)
– Color coded Beta heat map so you can see volatility at a glance
– Beta trend label that tells you if risk is rising or falling
– Volatility class label from Low to Ultra

• Added a Sharpe Ratio module that:
– Calculates annualized risk adjusted returns over your selected lookback period
– Classifies Sharpe from Suboptimal to Elite

• Kept the original Market Intelligence Bar features:
– PE ratio with dynamic color coding
– 1W, 1M, 2M, 3M, 6M, 1Y, 2Y percent change
– ATR and TS labels
– Volume surge label versus lookback
– Dividend yield and Net Income Margin (NIM)

The goal is simple. In one fast glance you see:
• How the stock has performed across multiple time frames
• How expensive or cheap it looks on PE and margin
• How volatile it trades versus the index
• How well you are being paid for the risk you are taking via the Sharpe Ratio

I use this every day to quickly sort between calm, normal and wild stocks and to avoid taking big risks without being paid for it.