Stage Analysis
Tradingview Indicator
Description
This indicator helps in the identification of the stage cycle of a stock. It should only be analyzed on Weekly and Daily timeframes.
Stages
- Stage 1: Accumulation phase of a stock
- Stage 2: Uptrend phase
- Stage 3: Distribution phase
- Stage 4: Downtrend phase
Understanding the Stages
As shown in the chart, each stock goes through its stage cycle. Below points confirm the uptrend of a stock and provide an idea of when to buy a stock:
- Stage 1 Completion: Wait for the first green label up bar to appear. This confirms the completion of Stage 1.
- Stage 2 Start: Another green label appears, indicating the start of Stage 2.
- Stage 2 Uptrend Confirmation: Finally, a yellow label up appears, confirming the Stage 2 uptrend.
Plots
- 50, 150 and 200 Simple Moving Averages in Daily and Weekly timeframe
This post is licensed under CC BY 4.0 by the author.