TintinTrading

[TTI] MarketSmith & IBD Style Model Stock Quarters

📜 ––––HISTORY & CREDITS––––
The MarketSmith & IBD Style Model Stock Quarters another Utility indicator is an original creation by TintinTrading inspired by Investor's Business Daily and William O'Neil style of presenting information. While going through the Model Stocks that IBD has been publishing, I realized that I wanted to see the exam same Quarterly presentation on the time axis in order to compare William O'Neil notes better with my own notes from Tradingview. The script is simple and could help you if you study the CANSLIM methodology.

🦄–––UNIQUENESS–––
The distinctiveness of this indicator lies in its ability to visually delineate stock quarters directly on the price chart. It serves as a handy tool for traders who adopt a quarterly review of stock performance, in line with MarketSmith and IBD's analysis frameworks.

🛠️––––WHAT IT DOES––––
Quarter Marking: Draws a black line at the beginning of each financial quarter (January, April, July, and October).
Quarter Labeling: Places a label at the close of the last month in a quarter, indicating the upcoming quarter with its abbreviation and the last two digits of the year.

💡 ––––HOW TO USE IT––––
👉Installation: Add the indicator to your TradingView chart by searching for " MarketSmith & IBD Style Model Stock Quarters" in the indicator library.
👉Add to New Pane and squash the Pane Length: I add the indicator to a new pane under the price and volume charts and squash the height of the pane so that it looks exactly like the MarketSmith visuals.
👉Visual Cues:
Look for the black lines marking the start of a new quarter.
Observe the labels indicating the upcoming quarter and year, positioned at the close of the last month in a quarter.
👉Interpretation: Use these quarterly markers to align your trading strategies with quarterly performance metrics or to conduct seasonal analysis.
👉Settings: The indicator does not require any user-defined settings, making it straightforward to use.

👉 I provide FREE EDUCATION + COURSES here: tintintrading.substack.com/

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Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

¿Quiere utilizar este script en un gráfico?