PROTECTED SOURCE SCRIPT
已更新 LifeCycle Performance
A simple script that can be used to determine if the scrip is outperforming or underperforming the benchmark (selectable by input) with respect to the phase/lifecycle it is in.
The script works on the basis of comparing the phase of the benchmark and the phase of the symbol that it is in. Phase of a stock is defined and explained in many books and can easily be checked out on the internet. The comparison is made on multiple timeframes, and a deduction is made algorithmically to arrive where the chosen symbol in its lifecycle is vis-a-vis the benchmark selected.
The output is color coded bars of varying intensity.
The details are as follows:
Green Shades: Outperformance. Lighter the color stronger the outperformance
Red Shades: Underperformance. Darker the color stronger the outperformance
White: No clear signal
This script can work on any timeframe. For longer duration, use Weekly charts (preferred) for shorter use 60 minute charts (or whatever is normalised value as per session open times. For eg. for Indian markets open from 9:15 AM to 3:30 PM, use 75 minute instead of 60 minute charts).
The script works on the basis of comparing the phase of the benchmark and the phase of the symbol that it is in. Phase of a stock is defined and explained in many books and can easily be checked out on the internet. The comparison is made on multiple timeframes, and a deduction is made algorithmically to arrive where the chosen symbol in its lifecycle is vis-a-vis the benchmark selected.
The output is color coded bars of varying intensity.
The details are as follows:
Green Shades: Outperformance. Lighter the color stronger the outperformance
Red Shades: Underperformance. Darker the color stronger the outperformance
White: No clear signal
This script can work on any timeframe. For longer duration, use Weekly charts (preferred) for shorter use 60 minute charts (or whatever is normalised value as per session open times. For eg. for Indian markets open from 9:15 AM to 3:30 PM, use 75 minute instead of 60 minute charts).
版本注释
- Update indicator name
版本注释
- Now it is possible to select colors
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。