PB Band is a very practical stock selection technique for investors, which can be used to judge whether the company's stock price is currently overvalued or undervalued. The PB ratio center line of the stock must be set every time the stock is changed because of the program limitation of Tradingview. Usually we use the 5-year median to judge whether the company's...
This is an indicator based on the book【Forex】ForexDog’s Vacuum Zone Trading 2021: Trading Strategy to “not lose” based on Experience and Logic written by Forex Dog (yes, this is his author name on Amazon; he is a trader popular mostly in Japan). It consists of simple moving averages which should somewhat correspond to the higher timeframes moving averages. The...
This is the last script to complete Vladimir Poltoratskiy's setup found in his books. Poltoratskiy argues that you should not take any fractal corridors higher than 50% of the Average Daily Range. To be honest, even 40% is a lot, because then, your target will be 160% ADR away from your entry and one "fracture" just can't be enough to predict moves this big. I...
Fractal Corridors is a lagging channel connecting Fractal highs and lows each with added/substracted pre-set value. It is inspired and designed for Vladimir Poltoratskiy's trading style with his ST patterns (book: Forex Strategy: ST Patterns Trading Manual). This uses fractals with one candle lower/higher on each side as in the book. You may choose to disable...
Fractal Corridors is a lagging channel connecting Fractal highs and lows each with added/substracted pre-set value. It is inspired and designed for Vladimir Poltoratskiy's trading style with his ST patterns (book: Forex Strategy: ST Patterns Trading Manual). However, to keep the charts clearer, I used William's Fractals that require two previous and following...
This script is supposed to be a quite basic way to find, from a fundamental standpoint, overvalue or undervalued stocks. The script shows either Book to Market (inverse of P/B), EV /EBITDA, Earnings Yield (inverse of P/E) or Sales to Market (inverse of P/S). For example, P/B is calculated as Close price / Book Value per share. As a contrarian investor you...