JK - Q Suite
This indicator is primarily for identifying pauses in Stage 2 uptrends, modelled on Qullamaggie's style of trading, but fits well with many traders including William O' Neil. or Mark Minervini.
I built this for my own purposes, and have gradually added range of tools into a single suite. My goal has also to be as clean as possible, while providing clear, actionable information.
This suite includes all of the following:
NOTE - if the 'tightening coloured candles' are not showing, the indicator needs to be at the top of the stack. Click the triple squares at the very bottom-right of the TradingView interface, and drag the indicator to the top, should work then!
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Sectors
These are based on the 11 official Sectors, tracked using index funds (XLY, XLK etc). HOWEVER, TradingView does NOT use the official 11 sectors - therefore I've done my best to match TradingViews ones to the official ones, but doesn't always work... e.g. 'Electronic Technology' is typically semiconductors, which are classes as 'Industrials', but Apple is the same sector in TV, but classed as 'Technology' using the official 11 Sectors.
If TradingView move to use the official 11 I'll update this, but for now it's a best guess and will sometimes be wrong, sorry!
Strength / Weakness information
This was an experiment in trying not to give too much back to the market! Typically the strategy would be to sell if price closes below 10MA (Weakness), however there may be large pops that can be advantageous to sell into.
The 'Strength' information (top cell, bottom-right), checks how far the price is extended above 10MA - this is customisable as a multiple of ADR. You may find that in weak markets (like now), it can be best to take profits quickly - in good markets, you could increase this as stocks make bigger or more sustained moves.
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While I'm not the best coder - and I've hacked and tried and changed different things - this has been a labour of love and essential for me.
If you have any suggestions, while I may or may not be able to implement them, I'm certainly open to ideas!
I built this for my own purposes, and have gradually added range of tools into a single suite. My goal has also to be as clean as possible, while providing clear, actionable information.
This suite includes all of the following:
- Moving averages (10, 20, 50, 200)
- Coloured bars showing tightening price (blue under 75% of ADR, orange under 50% of ADR)
- A 'markets' dashboard (top-right), showing the major indexes. Red if 10<20MA, or price <20MA
- A 'sectors' dashboard (top-right, below markets). Red if 5<10MA, or price <10MA - see note below
- Strength / Weakness information - two cells at the top, bottom-right. See below
- Stock information - glanceable stock info as quick filters. The thresholds for ADR, Average volume, and Dollar Volume can be customised.
NOTE - if the 'tightening coloured candles' are not showing, the indicator needs to be at the top of the stack. Click the triple squares at the very bottom-right of the TradingView interface, and drag the indicator to the top, should work then!
=============
Sectors
These are based on the 11 official Sectors, tracked using index funds (XLY, XLK etc). HOWEVER, TradingView does NOT use the official 11 sectors - therefore I've done my best to match TradingViews ones to the official ones, but doesn't always work... e.g. 'Electronic Technology' is typically semiconductors, which are classes as 'Industrials', but Apple is the same sector in TV, but classed as 'Technology' using the official 11 Sectors.
If TradingView move to use the official 11 I'll update this, but for now it's a best guess and will sometimes be wrong, sorry!
Strength / Weakness information
This was an experiment in trying not to give too much back to the market! Typically the strategy would be to sell if price closes below 10MA (Weakness), however there may be large pops that can be advantageous to sell into.
The 'Strength' information (top cell, bottom-right), checks how far the price is extended above 10MA - this is customisable as a multiple of ADR. You may find that in weak markets (like now), it can be best to take profits quickly - in good markets, you could increase this as stocks make bigger or more sustained moves.
=============
While I'm not the best coder - and I've hacked and tried and changed different things - this has been a labour of love and essential for me.
If you have any suggestions, while I may or may not be able to implement them, I'm certainly open to ideas!
版本注释:
TO DO (nothing urgent I think)
- Viewing sector index now turns sector letter white in sector grid
- Reorganised 'Market' overview, renamed MDY/IWM (added in tooltip if you hover mouse over)
- Made 'MMTW' smaller text so it doesn't widen the table
- Reduced ADR decimal precision by one to make it a little cleaner
TO DO (nothing urgent I think)
- Maybe add a bunch more emoji to tooltip on sectors so I remember what they are!
- Maybe add more control over what moving averages are used for Market / Sector tables, in case people want longer or shorter timeframes
- Trying to reduce decimal points shown on Vol and ASX:VOL as it's unnecessary and making table too wide...
版本注释:
Added a few tweaks...
If I can't get a tight enough entry and stop loss, where the 'target' R/R is less than 1, I'll pass.
After entry, I'll take half off each time the price is extended (Strength), and look to close below the MA (Weakness)
- "Extended" (ADR multiplier above 50MA) shown in table, and icon above bars
- "Weakness" (below chosen MA, 10 by default)
- "Target" (ADR multiplier above current price, default is 1x)
If I can't get a tight enough entry and stop loss, where the 'target' R/R is less than 1, I'll pass.
After entry, I'll take half off each time the price is extended (Strength), and look to close below the MA (Weakness)
版本注释:
- Added 150 EMA (just comment out or delete ones you don't want)
- Added Float
- Simplified Vol,
DVOL
and Float by removing decimal places, was pushing the table width out and didn't add additional value (3.092B and 3B are close enough!)
- Disabled the bar colouring for now - just found I wasn't using it - left the code in there
- Added extended indicator (ADR multiple from 50MA)