Multi-timeframe Squeeze Mom + ADX and DIsMulti-timeframe Squeeze and ADX
This indicator is designed to be able to get used in combination with others that can lead to a potential help for trading.
The indicator uses colors such us light green, dark green, light red and dark red. Light green and light red to indicate the second half and strongest movement of an upwards and downwards movement, respectively. The same for the first half of an upwards or downwards movement, dark red for the possible start of the upwards movement and dark green ad possible start of the downwards movement.
The indicator is multi-timeframe because the trader can configure within the menu a background timeframe, which plots a squeeze momentum for a different timeframe than the one selected for the main graph. It plots the background timeframe with an area style, while the main squeeze is plotted with a column style. This helps the traders to analyze whether entering a position countering a higher timeframe upwards or downwards squeeze momentum.
It also shows the divergences that occur between the price and the squeeze momentum that can add strength to a potential movement upwards or downwards.
The ADX, DI+ and DI- lines are also added to determine the potential strength of the movement in the monitor (squeeze momentum). If the DI+ is over the DI-, then the strength is likely higher upwards and the opposite for the downwards strength.
Fundamentals
Squeeze momentum: It shows the periods when volatility increases or decreases, in other words, when the market goes from the trend into flat movement and vice versa.
ADX (Average Directional Index): The ADX helps the indicator to estimate the strength of the movement, always considering the DI+ and DI- to not go against the trend strength.
Positive (DI+) and Negative DI (DI-): Both DI+ and DI- measure up and down price movement, in some cases crossovers of these lines can be used as trade signals.
Divergences: Divergence occur when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator (squeeze momentum). Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
Panel
This panel allows the trader to have a summary of the values of the direction and strength of the movement. It has the following characteristics:
It is placed on the right middle side of the chart indicator by the default.
Its colors changes according to the indicator’s values.
The summary box shows the projection for the main squeeze plot and also for the background squeeze plot. If only one is needed, it can be changed on the menu of the indicator.
Summary
From all previously mentioned, it can be stated that the indicator allows users to:
Detect the direction of trends
Detect price and squeeze divergences
Get a table summarizing important values of the indicator to determine the strength of a trend.
Analysis
Futures Full FS ScreenerFull FS Screener
This indicator allows traders to have a view of multiple pairs and timeframes buy/sell signals and specific information of parameters, based on the Futures FS Indicator also developed by me.
Futures FS Indicator Fundamentals
1. Exponential Moving Average (EMAs): The base indicator is composed of moving averages of 5, 10, 11, 13, 36 and 55 exponential periods.
2. Squeeze Momentum: This indicator allows the signals to go with the trend and not against it.
3. VPVR (Volume Profile Visible Range): It allows to determine the Point of Control (POC) which is the node with the highest volume profile. This can be used as an important retest point or to calculate potential support and resistance.
4. ADX (Average Directional Index): The ADX helps the indicator to estimate the strength of the movement, always considering the DI+ and DI- to not go against the trend.
5. RSI (Relative Strength Index): The RSI helps measuring the speed and magnitude of the recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The indicator considers RSI 5, 13 and 50 as bottom and top, respectively.
6. MACD (Moving average convergence divergence): The MACD is a trend-following momentum indicator that shows the relationship between moving averages. The indicator uses moving averages of 5, 8 and 21).
7. The trend is determined according to these parameters and their different values, which might indicate that we are in a bullish or bearish trend. The trend has a max positive (bullish) value of 6 and a max negative (bearish) value of -6.
Full Screener Panel
This panel allows the trader to monitor multiple pairs at a single screen, giving an immediate vision of possible entries and exits (Long/Short/Strong Long/Strong Short Signals). Moreover, allows traders to have handy all information of the Future FS Indicator that might be analyzed further for each pair. It has the following characteristics:
• It can be placed anywhere on the screen through the main menu of the indicator.
• It can be combined with the same indicator multiple times, as per screener is limited to show 40 pairs, you can select the number of panels being added to adjust position one next to each other.
• It strengthens colors when a pair has changed its signals in order to the trader to know immediate changes and then do the follow up
• The screener shows the pairs, which can be changed within the menus.
• The screener shows the Long, Short, Strong Long and Strong Short Signals in its las column but previously, it shows the parameters that determined the possible position. Therefore, the EMAs, SQZ, ADX, VPVR, RSI and MACD calculated internally, are also summarized in the screener.
For analyzing a specific pair, refer to the TwV Futures Indicator – FS, which is other indicator that might be on my TradingView Profile and that was used as base for the screener.
Blockchain Fundamentals: 200 Week MA Heatmap [CR]Blockchain Fundamentals: 200 Week MA Heatmap
This is released as a thank you to all my followers who pushed me over the 600 follower mark on twitter. Thanks to all you Kingz and Queenz out there who made it happen. <3
Indicator Overview
In each of its major market cycles, Bitcoin's price historically bottoms out around the 200 week moving average.
This indicator uses a color heatmap based on the % increases of that 200 week moving average. Depending on the rolling cumulative 4 week percent delta of the 200 week moving average, a color is assigned to the price chart. This method clearly highlights the market cycles of bitcoin and can be extremely helpful to use in your forecasts.
How It Can Be Used
The long term Bitcoin investor can monitor the monthly color changes. Historically, when we see orange and red dots assigned to the price chart, this has been a good time to sell Bitcoin as the market overheats. Periods where the price dots are purple and close to the 200 week MA have historically been good times to buy.
Bitcoin Price Prediction Using This Tool
If you are looking to predict the price of Bitcoin or forecast where it may go in the future, the 200WMA heatmap can be a useful tool as it shows on a historical basis whether the current price is overextending (red dots) and may need to cool down. It can also show when Bitcoin price may be good value on a historical basis. This can be when the dots on the chart are purple or blue.
Over more than ten years, $BTC has spent very little time below the 200 week moving average which is also worth noting when thinking about price predictions for Bitcoin or a Bitcoin price forecast.
Notes
1.) If you do not want to view the legend do the following: Indicator options > Style tab > Uncheck "Tables"
2.) I use my custom function to get around the limited historical data for bitcoin. You can check out the explanation of it here:
Intraday Background Time RangesThis simple script was written for studying recurring intraday behaviours of financial instruments. With it, you can highlight up to 13 customizable time ranges on your chart, filling the corresponding background space with colors you prefer. You can then write a note for each range and it will be shown in the optional related table.
The experience shows that every financial instrument has its own personality. With this in mind, the script can be useful to study intraday charts with the purpose of discovering recurring behaviours of specific instruments over a certain time range and under specific circumstances (normal days, earnings days, days with catalysts, etc.) This can help the trader to deeply understand the instrument personality, and therefore also to decide whether to enter or exit the market if its behaviour meets or not his expectations.
Please note that this script only works on minute/hourly charts.
Correlation with Matrix TableCorrelation coefficient is a measure of the strength of the relationship between two values. It can be useful for market analysis, cryptocurrencies, forex and much more.
Since it "describes the degree to which two series tend to deviate from their moving average values" (1), first of all you have to set the length of these moving averages. You can also retrieve the values from another timeframe, and choose whether or not to ignore the gaps.
After selecting the reference ticker, which is not dependent from the chart you are on, you can choose up to eight other tickers to relate to it. The provided matrix table will then give you a deeper insight through all of the correlations between the chosen symbols.
Correlation values are scored on a scale from 1 to -1
A value of 1 means the correlation between the values is perfect.
A value of 0 means that there is no correlation at all.
A value of -1 indicates that the correlation is perfectly opposite.
For a better view at a glance, eight level colors are available and it is possible to modify them at will. You can even change level ranges by setting their threshold values. The background color of the matrix's cells will change accordingly to all of these choices.
The default threshold values, commonly used in statistics, are as follows:
None to weak correlation: 0 - 0.3
Weak to moderate correlation: 0.3 - 0.5
Moderate to high correlation: 0.5 - 0.7
High to perfect correlation: 0.7 - 1
Remember to be careful about spurious correlations, which are strong correlations without a real causal relationship.
(1) www.tradingview.com
VIX - SKEW DivergenceThe CBOE VIX is a well-known index representing market expectations for volatility over the next 30 days.
The CBOE SKEW is an index reflecting the perceived tail risk over the next 30 days.
When the SKEW rises over a certain level (~140/150), that means investors are hedging their exposure with options, because they are worried about an incoming market crash or a "black swan". If that happens when the VIX is very low and apparently there is no uncertainty, this can warn of a sudden change in direction of the market. You will see for yourself that an increasing divergence often anticipates a sharp fall of leading stock indexes, usually within two to four months.
This is probably not very relevant for the short-term trader but mid/long-term traders and market analysts may find it useful to clearly visualize the extent of the distance between the VIX and the SKEW. For that reason, I wrote this highly customizable script with which you can plot the two indexes and fill the space within them with a color gradient to highlight the maximum and minimum divergence. Additionally, you can fill the beneath VIX area with four different colors. It is also possible to plot the divergence value itself, so if you want you can draw trendlines and support/resistance levels on it.
Please note that the divergence per se doesn't predict anything and it's meant to be used synergistically with other technical analysis tools.
More informations here:
www.cboe.com
www.cboe.com
Yield Trend Indicator - The Quant ScienceYield Trend Indicator - The Quant Science™ is a quantitative indicator representing percentage yields and average percentage yields of three different assets.
Percentage yields are fundamental data for all quantitative analysts. This indicator was created to offer immediate calculations and represent them through an indicator consisting of lines and columns. The columns represent the percentage yield of the current timeframe, for each asset. The lines represent the average percentage yield, of the current timeframe, for each asset.
The user easily adds tickers from the user interface and the algorithm will automatically create the quantitative data of the chosen assets.
The blue refers to the main asset, the main set on the chart.
The yellow refers to the second asset, added by the user interface.
The red refers to the third asset, added by the user interface.
The timeframe is for all assets the one set to the chart, if you use a chart with timeframe D, all data is processed on this timeframe. You can use this indicator on all timeframes without any restrictions.
The user can change the type of formula for calculating the average yield easily via the user interface. This software includes the following formulas:
1. SMA (Simple Moving Average)
2. EMA (Exponential Moving Average)
3. WMA (Weighted Moving Average)
4. VWMA (Volume Weighted Moving Average)
The user can customize the indicator easily through the user interface, changing colours and many other parameters to represent the data on the chart.
Inflation Adjusted Performance: Ticker/M2 money supplyPlots current ticker / M2 money supply, to give an idea of 'inflation adjusted performance'.
~In the above, see the last decade of bullish equities is not nearly as impressive as it seems when adjusted to account for the FED's money printing.
~Works on all timeframes/ assets; though M2 money supply is daily data release, so not meaningful to plot this on timeframe lower than daily.
~To display on same pane; comment-out line 6 and un-comment line 7; then save, remove and re-add indicator.
~Scale on the right is meaningless; this indicator is just to show/compare the shape of the charts.
Operating Cash Flow on Total Assets RatioThis indicator divides the company's Operating Cash Flow (TTM) by the company's Total Assets (FY). This ratio gives potential investors the amount of operating cash flow generated from every dollar of asset owned and is a measure of financial efficiency.
+ Multi-timeframe Multiple Moving Average LinesThis is a pretty simple script that plots lines for various moving averages (what I think are the most commonly used across all markets) of varying lengths of timeframes of the user's choosing. Timeframes range from 5 minutes up to one month, so regardless if you're a scalper or a swing trader there should be something here for you.
There are 8 lines (that can be turned on/off individually), which may seem like a lot, but if you use two averages and want to display four different timeframes for each, you can do that. The nice thing is that because the lines start plotting from the current bar they won't clutter up the screen. And obviously having moving averages from different timeframes on your chart makes price action more difficult to read (I mean sure, you can make them invisible, but who wants to do that all the time).
For each line there are two labels. One with the moving average type, and the other with its specific timeframe. I can't include the moving average length because it's not a string input. If anyone has a workaround for this, let me know, otherwise I would simply recommend setting different colors depending on the length, or if you only use one or two lengths and one or two moving averages this shouldn't be an issue. I had to use two labels because for the label text I couldn't include more than one string input, this is why there is an input for the 'moving average type label distance.'' You will want to adjust this depending on if you are trading crypto, futures, or forex because in some cases there may still be label overlap.
Pretty much everything else is self-explanatory.
I've added alerts. I might need to modify them if I can, because it would be nice for them to state the name and timeframe of the moving average. But I think this will do for now.
Enjoy!
Scot Signal IndicatorThe Scot Signal Indicator is intended as a Scalping Resource. It was designed to work best on the ❗❗ 5 MINUTE CHART with Bitcoin ❗❗ / USD & USDT pairs.
🟡🔼🔽 Yellow Triangles : these are pre-signals. If the triangle is Pointing Down, then look for a possible Short to come, and vice-versa for Upward facing triangles will go Long.
* Be careful, this is a Canary in the Coal Mine, but not the full signal. Going purely on the triangle as a signal could lead to fake-outs more frequently.
🟩 🟥 Green & Red Boxes : these are "Long" & "Short" signals where the indicator feels the time is safe to enter a trade.
❗ EXITING THE TRADE ❗ : this is a scalping indicator, specifically meant for entering trades, NOT EXITING them. An ideal scalp is $100 - $200 Bitcoin move. Though, we run bots using this indicator, taking scalps as little
as $60, performing up to 8 trades a day.
Volume Spread for VSA CustomHey everyone, I have been using volume a lot more lately as price action can sometimes get manipulated but volume shows us the truth!
Anyways, I have enjoyed the Volume Spread for VSA indicator but wished I had the code to change a few settings. This volume indicator includes spread analysis with the ability to customize input values and I'm making it open source so you can do with it as you please.
I have made notes all throughout the code to give suggestions on a few changes or why I have written it in such a way. I have also tried to section everything off to make it easier to see where each piece of the code is used. Overall I think it is a good example of how to code cleanly and how to add useful notes when you are learning Pine for yourself :D
The indicator on the price chart is my Donchian Channel indicator, which you can also find on my profile. This is the one I use every day.
Artharjan Market AnalysisHi,
I have created Artharjan Market Analysis dashboard to help traders to take complete view of the stocks of a particular sector or a benchmark index and track them simultaneously.
With this indicator dashboard, traders will be able to track 13 scripts simultaneously. This dashboard has following features and will help gain loads of valuable information during intraday as well as positional trading.
Information provided:
1] Traders will be able to track 13 scripts of their choice and get real time Buy/Sell Signals
2] Traders will be able to chose the timeframe of their choice by changing the setting called "Timeframe" OR keep the timeframe as that on the chart by keeping the Timeframe = "Chart".
3] Traders will be able to adjust the thickness of the Moving Averages Plotted on the Chart
4] Traders will be able to select the Table position and Table Text Size.
5] For volume analysis select a separate Lookback period for Daily/Weekly/Monthly timeframes and a separate Lookback period for Intraday timeframe. You may keep both same as per your choice.
6] Plot smoothed RSI (WMA of closing price used as an input for RSI) . Default smoothing used is 5. But if you dont want to use smoothing then set it to 1 and RAW RSI will be plotted.
7] For plotting RSI select a separate Lookback period for Daily/Weekly/Monthly timeframes and a separate Lookback period for Intraday timeframe. You may keep both same as per your choice.
8] For RSI set the Overbought and Oversold Levels of your choice.
9] Similarly user will be able to set its own timeframe for calculating Elders Force Index and Commodity Channel Index, and also set the Overbought and Oversold Levels of your choice.
10] Traders will have a choice to monitor Stock Price with reference to 3 Super Trend indicators based on 3 different parameters of their choice.
11] To calculate the Relative Strength and Moving Average High/Low Bands I have used the lookback period of 55 and used RMA instead of SMA or EMAs since I found that RMAs are more reliable than SMA or EMAs.
12] To measure the relative strength of a Stock w.r.t. a Benchmark Index or a Sectoral Index, user will have to select the RS - Comparative Symbol. This Comparative Symbol (Script) will be used to measure the relative strength of all the 13 scripts.
13] Kindly note that since this Dashboard will monitor 13 scripts simultaneously it will occupy huge space on the chart, hence I have made a provision to select the number of scripts to be shown on the dashboard minimum is 1 and max is 13.
14] With this indicator you will be able to monitor the price action and following indicators.
a) Last Traded Price
b) Price Change (Between Current candle and previous candle of the selected timeframe)
c) Price Change Percentage (Between Current candle and previous candle of the selected timeframe)
d) Volume Change (Between Current candle and previous candle of the selected timeframe)
e) Volume vs. SMA(Volume) with different color shaded ranging from -ve values to 100%, 100% to 200%, 200% to 500% and more than 500%
f) If Price is above VWAP then its a Buy else its a Sell signal
g) Signals based on RSI values and its corresponding relation with Overbought and Oversold Levels -such as Bullish, Bearish, Long Unwinding, Short Covering, Long Buildup, Short Buildup, Neutral levels
h) 3 Supertrend Indicators
i) Central Pivot Range (Calculated on a Daily Timeframe) - If LTP > CPR = Bullish, LTV < CPR = Bearish else Neutral
j) Elders Force Index - If EFI > 0 Buy if EFI < 0 Sell
k) Signals based on CCI values and its corresponding relation with Overbought and Oversold Levels -such as Bullish, Bearish, Long Unwinding, Short Covering, Long Buildup, Short Buildup, Neutral levels
l) Moving Average Envelop of 55 RMA calculated on Highs and Lows. If Low > Upperband = Bullish, if High < Lowerband = Bearish else Neutral
m) Relative Strength (RS). If RS of a Script in comparison to the Comparative Symbol is positive then it will shown in Green else it will be shown in Red color.
Kindly note that for Index scripts have got no volume so all indicators (Volume, SMA(Volume), VWAP and EFI) which require Volume as an Input parameter will be shown in Gray color because there is no volume data available to calculate these Indicator values and determine whether the Index is in Bullish Territory or in Bearish territory.
I hope you would enjoy using this indicator and it will act as a light house in your trading journey.
Warm regards
Rahul Desai
@Artharjan
Artharjan Volume AnalysisHi,
I have created Artharjan Volume Analysis indicator dashboard which gives following information about the volume to the traders.
It has two rows. The first row containing volume information is for the Daily Timeframe and the second row containing volume information for any other timeframe of your choice (Basically Chart timeframe)
It gives following information about volume to the traders.
1] Current Volume in Lakhs (Not in Millions) since this script was made keeping in mind Volumes of the Scripts traded in Indian Stock Exchanges. 1 Lakh = 1,00,000
2] Change from its previous Volume. If the change is positive it will be highlighted in Green else in Red.
3] 25 period SMA of the Volume (This period is a Long Term Moving Average and its a customizable parameter which can be changed in Indicator Settings)
4] Current Volume as a percentage of Long term SMA( Volume). If the percentage is positive it will be highlighted in Green else in Red.
5] High Volume during the Lookback period
6] Low Volume during the Lookback period
7] Is current Volume equal to Min Level or Max Level? Or its between Min Max Levels.
8] Is the current Volume rising over past 5 candles or is it falling over past 5 candles or its Swinging? (Short Term Period which is a customizable parameter and it can be changed in the Indicator Settings)
9] Current Volume as a percentage of Short term SMA( Volume). If the percentage is positive it will be highlighted in Green else in Red.
The 1st row will be shown only when the Chart Timeframe is a Daily Timeframe.
The 1st and the 2nd row will be shown only when the Chart Timeframe is not a Daily Timeframe.
With this information regarding volume, traders can identify whether the current volume is at its Highest Levels or at its Lowest Levels, can identify whether volume is rising or volume is falling in accordance to the price action and then take trading decisions.
I hope you would enjoy using this indicator in your day to day trading journey.
Regards
Rahul Desai
@Artharjan.
BTC Active Address Momentum (On-chain)This indicator shows the difference between the % change in BTC price and the % change in BTC’s active addresses (BTC’s utility value).
- Dark red: Extreme overbought conditions
BTC price is increasing too fast and outgrows the increase in its utility value
(RSI of % change difference > 70)
- Light red: Overbought conditions
BTC price is increasing too fast and outgrows the increase in its utility value
(RSI of % change difference > 60)
- Dark green: Extreme oversold conditions
BTC price is dropping too fast and outruns the decrease in its utility value
(RSI of % change difference < 30)
- Light green: Oversold conditions
BTC price is dropping too fast and outruns the decrease in its utility value
(RSI of % change difference < 40)
*Not financial advice.
BTC Active Address Trend (On-chain)This indicator compares the % change in BTC price and the % change in BTC’s active addresses (BTC’s utility value).
1. % changes in BTC price & active addresses
- Orange line: BTC’s price change (%)
- Gray line: BTC’s active address change (%)
- Red/Yellow/Green lines: Bollinger bands for change in active address
2. Trend:
- Green circles: Bullish Sentiment Trend
Market sentiment is bullish and BTC price outgrows the increase in its utility value (overpricing)
- Red circles: Bearish Sentiment Trend
Market sentiment is bearish and BTC price drops more than the decrease in its utility value (underpricing)
3. Potential Re-Entries:
- Green/Red triangles: potential bullish/bearish entries
When % change of BTC price gets similar to that of active addresses
*Not financial advice.
Trend IdentifierTrend Identifier for 1D BTC.USD
It smoothens a closely following moving average into a polynomial like plot.
And assumes 4 stage cycles based on the first and second derivatives.
Green: Bull / Exponential Rise
Yellow: Distribution
Red: Bear / Exponential Drop
Blue: Accumulation
Red --> Blue --> Green: indicates the start of a bull market
Green --> Yellow --> Red: indicates the start of a bear market
Green --> Yellow: Start of a distribution phase, take profits
Red --> Blue: Start of a accumulation phase, DCA
Bitcoin OnChain & Other MetricsHi all,
In these troubled times, going back to fundamentals can sometimes be a good idea 😊
I put this one up using data retrieved from “Nasdaq Data Link” and their “Blockchain.com” database.
Here is a good place to analyses some Bitcoin data “outside” its price action with 25 different data sets.
Just go to the settings menu and display the ones you are interested in.
If you want me to add more metrics, feel free to DM or comment below!
Hope you enjoy 😉
Ichimoku PeeksThis indicator uses the Ichimoku Tenkan / Kijun trend line formulas to predict what those values will be in the future if current price action does not violate the period highs and lows.
Because of the way Ichimoku formulates the trend, it contains (but does not visualize) this predictive information in a way that moving averages do not.
Sharp chart readers can infer upcoming changes by counting back candles, but the process can be automated, as I've shown here.
This description does not seem to be editable so implementation details and usage will be covered in code commentary.
MACD Scalper AnalysisThis is a scalper analysis movement designed around MACD and 200 EMA
The rules are simple:
For long we check if the close of the candle is above the ema200 and we have a crossover between macd and signal
Once this happens we analyse the next candle, if its close higher than open , we can consider it a win and if its close lower than open we consider a lose.
For short we check if the close of the candle is below the ema200 and we have a crossunder between macd and signal
Once this happens we analyse the next candle, if its close higher than open , we can consider it a loss and if its close lower than open we consider a win.
Once we have all of this we analyse the average percentage movement and establish if the specific asset or timeframe is worthy for us.
At the same time it can give a good idea if we can go with a divergence strategy, like for example we have a short entry, but we will actually go long and viceversa.
If you have any questions let me know !
Determine Consecutive Candles█ OVERVIEW
This is a simple script that will plot labels over or under candles to show where there had been consecutive candles that closed in a similar fashion. This script was inspired by a Tweet about Bitcoin experiencing its first 7th-consecutive weekly black candle and I sought out to test that.
█ INPUTS
There are three inputs for this script.
"offset" ( integer ) - (Can be 0 or 1) Allows the user to apply this script at the currently closing candle or the most recently closed candle.
"Number of Candles" ( integer ) - (From 3 to 100*) Allows the user to select how many candles to back test for consecutive-ness.
"Black or White" ( boolean ) - Allows the user to select what kinds of candles to look for in this script. (true - Black , false - White ).
*Publishing open-sourced, this selection was arbitrary and can be modified at will.
█ USAGE
Because I had created this in a little over an hour, this is just a simple experiment that I wanted to share with others. Its applications are unknown to me, but I am interested in hearing how others may find what this script does useful.
[blackcat] L3 Financial Minesweeper: Altman Z ScoreLevel: 3
Background
The Altman Z-score is the output of a credit-strength test that gauges a publicly traded manufacturing company's likelihood of bankruptcy. The Altman Z-score is a formula for determining whether a company, notably in the manufacturing space, is headed for bankruptcy.
Function
The possibility of financial failure or bankruptcy of the enterprise is analyzed and predicted through the comprehensive score. The lower the Z value, the more likely the enterprise will go bankrupt. By calculating the Z value of an enterprise for several consecutive years, we can find out whether the enterprise has signs of financial crisis. Generally speaking, when the Z value is greater than 2.675, it indicates that the financial situation of the enterprise is good, and the possibility of bankruptcy is small; When the value is less than 1.81, it indicates that the enterprise is in a potential bankruptcy crisis; when the Z value is between 1.81 and 2.675, it is called a "gray area, indicating that the financial situation of the enterprise is extremely unstable.
Remarks
STOCKs ONLY which require financial data.
X1~X5 coefficients can be customized for different stock markets.
Compared to TradingView official Altman Z-Score Indicator.
Feedbacks are appreciated.
