AIOI Lite By TradeINski
All In One Indicator Lite - AIOI Lite By TradeINski
First thing first
Show Average True Range line.
Purple horizontal line that you see on the chart is nothing but high of the day - Average true range value over a specified period (ATR) line of the stock. I use it for trailing my stop loss once my position is made. My Interpretation is once the stock is moved in your favor, the %change after that which is more than ATR should come in your desired direction or trade is going against me.
Here The average true range (ATR) is a technical analysis indicator introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems that measures market volatility by decomposing the entire range of an asset price for that period.
Chart-formations. "J. Welles Wilder, Jr."
The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close.
Line plotted Logic: high of the day - 20 day ATR.
{Input}
User have option to Show/Hide the line with "Check Mark"
{Style}
Users have the option to change color of the line and also thickness respectively.
1. 4 Moving Averages
Plots 4 moving averages with different periods and colors. MA#1, MA#2, MA#3 and MA#4 are respective moving averages. I use these moving average lines to determine the trend of the stock, that is 10 and 20 period EMA for short term trend and 50 Ema for medium trend and 200 period EMA for long term trend of a ticker.
{Inputs}
Users have the option to choose the type of MA that is between SMA & EMA.
Also have the option to enter a period as their preference.
{Style}
Users have the option to Show/Hide Specific MA with the help of “Check Mark”.
Color of all MA can be changed individually. Also line thickness and transparency.
2. Technical Metrics
MCAP - Market Capitalization
Market capitalization of a ticker in dollar terms. I use this Market Cap to define liquidity means bigger the MCAP more liquid the stock is and also know the size of the company. And also bigger the MCAP usually percentage move of swings in this is less compared to mid & small MCAP stocks.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
ADT - Average Dollar Turnover
This also helps me determine liquidity and use this while sizing.
For example I want to make a position of 1000$ and stock ADT is 100K $ that means my contribution to stock is 1% of the average dollar turnover. When I am trading, I keep a general rule that my contribution should be less than 0.25% of the average dollar turnover so that getting in and getting out of the stock will not be a problem.
Logic: Average volume over a period of time * Price of the stock
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
Users have the option to enter a period. Default is “20” Days.
RVOL - Relative Volume
This helps in the live market that if RVOL is 10% to 20% or more in the first 30 mins of opening bell then it is interpreted as there is unusual volume activity in this stock, something is cooking. This comes after a lot of observation. When stock moves abruptly it's seen that there will be volume pick in the stock from the start of the day. Therefore Relative percentage volume helps in this way.
Logic: Today's volume with respect to average volume over a specified period in percentage is relative volume.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
Users have the option to enter a period. Default is “20” Days.
ADR - Average Daily Range
This helps to determine what's the average daily %change over the specified period of time & what %change we can expect from a ticker on a specific day as I am a momentum trader so prefer high ADR stocks. Generally Blue chip stocks have less ADR compared to mid and small cap stocks.
Logic: Calculation is based on High and low of the day that is in percentage over a specified period of days.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
Users have the option to enter a period. Default is “20” Days.
SLL - Stop Loss Level
This helps me in the live market as per my strategy. I generally keep my stop loss Low of the day so when creating position, I will know what will be the percentage Stop loss and also helps in knowing what is the percentage move from low of the day today. Mind you this does not consider the gap that is yesterday's close for calculation.
Logic: Percentage change from low of the day.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
{Inputs} Common Settings
Position - Users can change location as per their preference. Default position is “Top Centre”.
Size - Users can change text size as per their preference. Default size is “Auto”.
Display - Users have two options
Text - Shows Complete cell that is Text plus Value
Value - Shows only values in the cell.
3. Industry & Sector
Plots Industry and Sector of a ticker on DTF. This helps me to determine from which industry or sector the stock belongs to at a glance. As there are so many stocks listed we can't categorize to which sector and industry it belongs to just by the name of the company. To have an idea in which domain the company operates.
{Inputs}
“Check Mark” to Show/Hide Industry individually.
“Check Mark” to Show/Hide Sector individually.
Users have the option to change the color of the text plotted and its transparency.
Position - Users can change location as per their preference. Default position is “Bottom Centre”.
Size - Users can change text size as per their preference. Default size is “Auto”.
4. Gap Up & Gap Down Zone
This helps me visually, if a stock is gaping up or down on a daily time frame and I don't want to know every gap in the stock I want to focus on significant gaps so 1% makes sense let it be up or down. When Gap Up color is green and Gap down color is Red.
Logic: Whenever the gap is more than 1% up or down then the background on that specific day is colored lime for gap Up and color fuchsia for gap down down.
{Style}
GapUp & GapDown Zone
Users can Show/Hide this feature using “Check Mark”.
Users have the option to change background color and its transparency individually mind you Color 0 is for GapUp and Color 1 is for GapDown.
5. Big Day - Up & Down
This helps me determine unusual activity of a stock that is Why ADR - Average Daily Range and Volume of a stock is considered. If a stock moves 2 times the ADR which is not usual and also if we see significant change in volume then I believe stock is saying something let it be Upward or downward.
For visually appealing for unusual up move the body of the color is lime and for unusual downward move color is fuchsia.
Logic: On a given specific day if volume is two times the average 20 day period volume and percentage change of the specific day is two times the average daily range percentage that is ADR then those days are considered to be Big Up Day and for Big Down Day vise versa.
{Style}
Big Day - Up & Down
Users can Show/Hide this feature using “Check Mark”.
Users have the option to change color of the body and its transparency individually mind you Color 0 is for Big Up Day and Color 1 is for Big Down Day.
6. VWAP
Plots default VWAP in house indicator only in a lower time frame that is less than DTF. This helps me after making a position in the stock that is 15 Min. TF. Basic idea is that stock should stay above Vwap after entry. As Vwap considers volumes in calculation, in the Lower timeframe we will know if the stock is holding up and moving in desired direction.
{Style}
Users have Option to Show/Hide as per their preference.
Users change the color, thickness and transparency of the line.
Note:
This indicator will never give direct buy sell signals and never should be used in isolation.
First thing first
- This indicator is inspired from @DrMansi Trade Template and Derived from AIOI By @TradeINski
- This indicator is best suited for momentum traders/swing traders people who basically trade on Daily time frame as the primary timeframe.
- Show Average True Range Line
- 4 Moving Average
- Technical Metrics
- Industry & Sector
- Gap Up & Gap Down Zone
- Big Day - Up & Down
- VWAP
Show Average True Range line.
Purple horizontal line that you see on the chart is nothing but high of the day - Average true range value over a specified period (ATR) line of the stock. I use it for trailing my stop loss once my position is made. My Interpretation is once the stock is moved in your favor, the %change after that which is more than ATR should come in your desired direction or trade is going against me.
Here The average true range (ATR) is a technical analysis indicator introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems that measures market volatility by decomposing the entire range of an asset price for that period.
Chart-formations. "J. Welles Wilder, Jr."
The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close.
Line plotted Logic: high of the day - 20 day ATR.
{Input}
User have option to Show/Hide the line with "Check Mark"
{Style}
Users have the option to change color of the line and also thickness respectively.
1. 4 Moving Averages
Plots 4 moving averages with different periods and colors. MA#1, MA#2, MA#3 and MA#4 are respective moving averages. I use these moving average lines to determine the trend of the stock, that is 10 and 20 period EMA for short term trend and 50 Ema for medium trend and 200 period EMA for long term trend of a ticker.
{Inputs}
Users have the option to choose the type of MA that is between SMA & EMA.
Also have the option to enter a period as their preference.
{Style}
Users have the option to Show/Hide Specific MA with the help of “Check Mark”.
Color of all MA can be changed individually. Also line thickness and transparency.
2. Technical Metrics
MCAP - Market Capitalization
Market capitalization of a ticker in dollar terms. I use this Market Cap to define liquidity means bigger the MCAP more liquid the stock is and also know the size of the company. And also bigger the MCAP usually percentage move of swings in this is less compared to mid & small MCAP stocks.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
ADT - Average Dollar Turnover
This also helps me determine liquidity and use this while sizing.
For example I want to make a position of 1000$ and stock ADT is 100K $ that means my contribution to stock is 1% of the average dollar turnover. When I am trading, I keep a general rule that my contribution should be less than 0.25% of the average dollar turnover so that getting in and getting out of the stock will not be a problem.
Logic: Average volume over a period of time * Price of the stock
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
Users have the option to enter a period. Default is “20” Days.
RVOL - Relative Volume
This helps in the live market that if RVOL is 10% to 20% or more in the first 30 mins of opening bell then it is interpreted as there is unusual volume activity in this stock, something is cooking. This comes after a lot of observation. When stock moves abruptly it's seen that there will be volume pick in the stock from the start of the day. Therefore Relative percentage volume helps in this way.
Logic: Today's volume with respect to average volume over a specified period in percentage is relative volume.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
Users have the option to enter a period. Default is “20” Days.
ADR - Average Daily Range
This helps to determine what's the average daily %change over the specified period of time & what %change we can expect from a ticker on a specific day as I am a momentum trader so prefer high ADR stocks. Generally Blue chip stocks have less ADR compared to mid and small cap stocks.
Logic: Calculation is based on High and low of the day that is in percentage over a specified period of days.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
Users have the option to enter a period. Default is “20” Days.
SLL - Stop Loss Level
This helps me in the live market as per my strategy. I generally keep my stop loss Low of the day so when creating position, I will know what will be the percentage Stop loss and also helps in knowing what is the percentage move from low of the day today. Mind you this does not consider the gap that is yesterday's close for calculation.
Logic: Percentage change from low of the day.
{Inputs}
Users have the option to Show/Hide the cell from the table with “Check Mark”.
{Inputs} Common Settings
Position - Users can change location as per their preference. Default position is “Top Centre”.
Size - Users can change text size as per their preference. Default size is “Auto”.
Display - Users have two options
Text - Shows Complete cell that is Text plus Value
Value - Shows only values in the cell.
3. Industry & Sector
Plots Industry and Sector of a ticker on DTF. This helps me to determine from which industry or sector the stock belongs to at a glance. As there are so many stocks listed we can't categorize to which sector and industry it belongs to just by the name of the company. To have an idea in which domain the company operates.
{Inputs}
“Check Mark” to Show/Hide Industry individually.
“Check Mark” to Show/Hide Sector individually.
Users have the option to change the color of the text plotted and its transparency.
Position - Users can change location as per their preference. Default position is “Bottom Centre”.
Size - Users can change text size as per their preference. Default size is “Auto”.
4. Gap Up & Gap Down Zone
This helps me visually, if a stock is gaping up or down on a daily time frame and I don't want to know every gap in the stock I want to focus on significant gaps so 1% makes sense let it be up or down. When Gap Up color is green and Gap down color is Red.
Logic: Whenever the gap is more than 1% up or down then the background on that specific day is colored lime for gap Up and color fuchsia for gap down down.
{Style}
GapUp & GapDown Zone
Users can Show/Hide this feature using “Check Mark”.
Users have the option to change background color and its transparency individually mind you Color 0 is for GapUp and Color 1 is for GapDown.
5. Big Day - Up & Down
This helps me determine unusual activity of a stock that is Why ADR - Average Daily Range and Volume of a stock is considered. If a stock moves 2 times the ADR which is not usual and also if we see significant change in volume then I believe stock is saying something let it be Upward or downward.
For visually appealing for unusual up move the body of the color is lime and for unusual downward move color is fuchsia.
Logic: On a given specific day if volume is two times the average 20 day period volume and percentage change of the specific day is two times the average daily range percentage that is ADR then those days are considered to be Big Up Day and for Big Down Day vise versa.
{Style}
Big Day - Up & Down
Users can Show/Hide this feature using “Check Mark”.
Users have the option to change color of the body and its transparency individually mind you Color 0 is for Big Up Day and Color 1 is for Big Down Day.
6. VWAP
Plots default VWAP in house indicator only in a lower time frame that is less than DTF. This helps me after making a position in the stock that is 15 Min. TF. Basic idea is that stock should stay above Vwap after entry. As Vwap considers volumes in calculation, in the Lower timeframe we will know if the stock is holding up and moving in desired direction.
{Style}
Users have Option to Show/Hide as per their preference.
Users change the color, thickness and transparency of the line.
Note:
This indicator will never give direct buy sell signals and never should be used in isolation.
Informacje o Wersji:
- Combined 2 Tables.
- Default Position of table changed.
- Default Position of table changed.
Informacje o Wersji:
New Features
1. Added Inside Bar & Tight Day's
Inside Bar IB
Inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar high, and the low is higher than the previous bar’s low.
Marked with an upward triangle in blue color.
Users also have the option for look back length by defaults it plots in the last 10 Days.
Users have the option to change color style and ON/OF in the Style tab of settings.
Tight Days
When a specific day's range is less than 50% of the 50 period ADR then the downward triangle of blue color is plotted whenever the condition is satisfied.
Users have the option to change color style and ON/OF in the Style tab of settings.
2. PDL - Previous Days Low
% distance from previous day low. Users have the option to show or hide it in the input tab of settings.
Additional Minor changes
1. SLL Renamed to DL - Day Low.
2. VWAP internal code changed.
3. Display of values in table changed.
4. Average True line is hidden By default.
5. Minor changes in the input tab of setting.
1. Added Inside Bar & Tight Day's
Inside Bar IB
Inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar high, and the low is higher than the previous bar’s low.
Marked with an upward triangle in blue color.
Users also have the option for look back length by defaults it plots in the last 10 Days.
Users have the option to change color style and ON/OF in the Style tab of settings.
Tight Days
When a specific day's range is less than 50% of the 50 period ADR then the downward triangle of blue color is plotted whenever the condition is satisfied.
Users have the option to change color style and ON/OF in the Style tab of settings.
2. PDL - Previous Days Low
% distance from previous day low. Users have the option to show or hide it in the input tab of settings.
Additional Minor changes
1. SLL Renamed to DL - Day Low.
2. VWAP internal code changed.
3. Display of values in table changed.
4. Average True line is hidden By default.
5. Minor changes in the input tab of setting.
Informacje o Wersji:
Fixed Market Cap - Show Hide Feature.
Changed Default Color for table text.
Changed Default Color for table text.
Informacje o Wersji:
Main Changes,
1. Removed ATR
2. Removed Big Up & Down Days
3. Renamed ADT to ACT
4. New look and feel of table
5. Default Settings Changed
1. Removed ATR
2. Removed Big Up & Down Days
3. Renamed ADT to ACT
4. New look and feel of table
5. Default Settings Changed