100% Daily Gain Levels

3 ต.ค. 2023

This script takes the previous days closing value and calculates the current 100%, 200%, 300% and 400% levels for that stock.

Using that information it draws a dotted persistent line (with labels on the far right) at those levels. This information can be useful as it can then, at times, act as a support/resistance for momentum stocks. So when a stock runs 100% and holds that level, historically, that stock has a good chance to continue rising. Same when hitting additional "100%" ranges.

The user has the option to deselect the labels and/or lines.

If people find this useful then I can work on adding options that allow users more freedom to adjust how the lines are displayed as well as some enhancements to the display.

27 ธ.ค. 2023

เอกสารเผยแพร่

Made a minor update to reach up to 1000% and slightly adjusted the different 100% levels.

3 มี.ค. 2024

เอกสารเผยแพร่

Added an additional yellow dotted line at the 125% level mark as this level can help indicate continuation or add a support area.

25 ธ.ค. 2024

เอกสารเผยแพร่

12/24/24: Updated the script so you can now set an alert at any of the 100% (and 125%) levels are crossed. I also added a selectable option that takes the stock and looks back 2 months to see if it has ran 100% any individual day during that time period. If it has it will put a yellow + symbol over the day(s) to indicate 100%+ run. This helps make it quick to see if the stock that is running on momentum is a recent runner or new. This update is based on the 4hr candle close so if a stock runs over 100% you won't see the yellow + appear until after that runs 4hr candle close.