Displays the Net Profit Margin in a more "readable" fashion than the built-in TV Indicator.
This indicator concludes the series of 'Minervini-indicators', consisting of "GTH Earnings", "GTH Revenues" and "GTH Net Profit Margin (%)".
Famous trader Mark Minervini repeately describes rising earnings, revenues and net profit margin as the most important financials for finding superperformers.
In case of reporting a malfunction: Please be specific. Statements like "does not work" are useless. Thanks.
เอกสารเผยแพร่
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Baseline colorized acc. to positive/negative NPM.
เอกสารเผยแพร่
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Bug removed: label coloring and location
Visual improvement
เอกสารเผยแพร่
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Labels now showing the percentual differences between NPM reports.
@Prax007, it all relies on data provided by TradingView.
wireland111
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Hi, I'd love to use this indicator, however I cannot get it to display on any of my tickers (ASX). For example Telstra (ASX:TLS).
I've tried editing the source but my programming knowledge is very basic - I believe this might be a simple fix? The same is true of several other of your indicators.
gehteha
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@wireland111, this happens with with several stock markets outside the US. To give an example, it does work with XETR in Germany but not so much with SWB in Germany. My best guess is that TradingView simply does not provide the required data for a number of stock markets, at least not from within Pine Script. For ASX:TLS there seems to be no data from within Pine Script, at the same time such data can be seen in the right hand panel. Sometimes there are also slight differences between the data retrievable in Pine Script and the data displayed when clicking on those [E] tags in the timeline. Why? Only TV can answer this question; they seem to use different sources. There is nothing I can do from my end about this, I am afraid.
wireland111
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@gehteha, Hi gehteha, thanks for looking into it. Hopefully some day we can get these tools built that are exchange agnostic using the data that TV parse. I appreciate the time you have taken to build and share these indicators for those who find value in them. I too see a lot of utility in the techniques practiced and shared by the 'momentum masters'. Good luck with your trading :)
mhalsmer8017
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Thanks very much for inventing this!! I think it will be a great help!!!!