QE Ultra ⦿ This indicator is an advanced version of existing indicator QE Pro. ⦿ This indicator displays all the features of QE Pro and the Price Bands for stocks listed in NSE, India. ⦿ As of this date, Tradingview doesn't provide NSE India stock's price band in the platform. With the help of Tradingview Pine Seeds this data is created daily and populated in the Tradingview Charts. ⦿ Price bands set the limits within which a stock's price can fluctuate. For example, a 5% price band means the price of the security can increase or decrease by up to only 5% from its closing price the previous day. While the limit for decreasing prices is adjusted daily, the limit for increasing prices is reviewed and possibly adjusted bimonthly, provided certain specific criteria are met. Stocks that have derivatives based on them (Futures & Options) are not subject to price bands. ⦿ This indicator helps traders to understand that price will not increase or decrease beyond the given Price Band limit.
Features ⦿ The current price band (20%, 10%, 5%) is displayed in a corner. Derivative stocks have no bands & are displayed as an ‘FnO’ label. Stocks that have never had a history of price band changes are displayed as 20% with a black background. ⦿ Price band history is shown as the band % at the relevant candle. ⦿ The circuit limit values are displayed above (upper circuit) & below (lower circuit) the last candle. This is optional and can be disabled in the indicator settings.
Bonus ⦿ All subscribers will get access to a Telegram group where the daily price band change list will be provided in a format easily transferable to a Tradingview watchlist. ⦿ First 100 subscribers will get access to a Telegram group where all the new IPO stock names will be posted a day before listing and on the day of listing.
Dependency: The script uses the Pine Seeds service to import custom data hosted in a GitHub repository and accesses it via TradingView as the frontend. So, the number of bar data appearing on charts is fully dependent on the amount of historical data available. Any error or omission, if there, is a reflection of the hosted data, & not that of TradingView.
Limitations: Such data has some limitations, as it can only be updated at EOD (End-of-Day), & only daily-based timeframes can be applied to such data. Irrespective of the intraday changes, only the last saved value on the chart is seen. So, it's best to use this script as EOD, rather than intraday.
QE Ultra is created in collaboration with my friend finallynitin
Disclaimer: Data are taken from publicly available sources. This is not a buy or sell recommendation indicator. Not a SEBI registered analyst. Do your analysis before investing.
In case of any other queries, you know where to find us in X
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Options to choose what to show on the chart
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Show price band only for NSE stocks
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Bug fix: hiding circuit level when the QE table is hidden
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Show circuit range only for Daily timeframe
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Show version in Indicator title
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Default table size to Normal
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Hide table dot in dark mode
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Circuit range not shown on intraday charts
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To handle Dividend Adjusted charts
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Now with GSM status for EQ
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Reverted GSM
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temp fix
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Data fix
GSM information
Surprise element
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Fix for pre-market
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Release Notes: 1. Earnings date : mentioned in number of days left for the next release 📅 2. ASM status: long term and short term ASM details ℹ️ 3. Option to have a solid background for QE Pro table for better visuals 🖼 4. Dark mode option 🌙
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Update instructions
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Easy Earnings Comparison Table
Price bands table in Intraday charts
Options to add three different Moving Averages
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Added 2 more MA's (total 5 MA's can be plotted in all timeframes except weekly timeframe)
MA's to be visible in Index charts
Empty line in QE Pro Header for better visibility
Beautified QE Pro Headers
3 Additional Moving Averages for plotting in Weekly timeframe
Three different ways to show the past Price Band revisions
Upper and Lower circuit values visible in Status line