INVITE-ONLY SCRIPT
(9) Count Closing Score & Long Tails VS-222
This indicator simply determines if the relationship of the close was close to the High or the Low of the day and provides you with a ten day running total. You are allowed to adjust what the actual proximity of the extreme parameters must be in order to be counted. The default is 10 for the low and 90 for the high.
This indicator takes a ten day cumulative look at the Closing Scores, close to the low shown in red. The Closing Score's close to the high, show in green and finally the ten day count of the occurrence of long tails. Since this is calculated over a 10 day period of time, the scale is between 0 and 10.
Here again, you have an additional tool that provides you with the current sentiment, but just as importantly, how that sentiment is transitioning over time.
The blue columns indicate trading days that produced long tails and again provides you with a ten day running total. Because most institutional and all program trades are designed to be executed with a specific price range, when retail traders' orders are filled outside of these parameters the only orders remaining to fuel the market are orders who's prices are bracketed and thus will revert the trading range back into this channel producing a long tail in those trading days. Of course, there are other circumstances that can cause long tails, but when you see a series of days that all have long tails and the price trend is not changing dramatically combined with approximately equal trading volume for those days, you are in all probability seeing institutional and / or programed trades. You want to see this indicator above 8 before it is meaningful in my experience.
This is a very good thing to see if you are looking for stocks about to make a dramatic move and more often than not it will be to the upside.
Access this Genie indicator for your Tradingview account, through our web site. (Links Below) This will provide you with additional educational information and reference articles, videos, input and setting options and trading strategies this indicator excels in.
This indicator takes a ten day cumulative look at the Closing Scores, close to the low shown in red. The Closing Score's close to the high, show in green and finally the ten day count of the occurrence of long tails. Since this is calculated over a 10 day period of time, the scale is between 0 and 10.
Here again, you have an additional tool that provides you with the current sentiment, but just as importantly, how that sentiment is transitioning over time.
The blue columns indicate trading days that produced long tails and again provides you with a ten day running total. Because most institutional and all program trades are designed to be executed with a specific price range, when retail traders' orders are filled outside of these parameters the only orders remaining to fuel the market are orders who's prices are bracketed and thus will revert the trading range back into this channel producing a long tail in those trading days. Of course, there are other circumstances that can cause long tails, but when you see a series of days that all have long tails and the price trend is not changing dramatically combined with approximately equal trading volume for those days, you are in all probability seeing institutional and / or programed trades. You want to see this indicator above 8 before it is meaningful in my experience.
This is a very good thing to see if you are looking for stocks about to make a dramatic move and more often than not it will be to the upside.
Access this Genie indicator for your Tradingview account, through our web site. (Links Below) This will provide you with additional educational information and reference articles, videos, input and setting options and trading strategies this indicator excels in.
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系StockSwinger。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系StockSwinger。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。