Stock Bee's 4%
Stock Bee's 4%
First Things First
- This indicator is a replica of Pradeep Bonde aka Stock Bee’s 4% indicator which he uses in the TC2000 platform for trading momentum burst and EP 9 million setup.
- Disclaimer: This indicator will not give any buy or sell signal. This is just a supporting tool to improve efficiency in my trading.
- Apply Indicators and then open indicator settings and read the following simultaneously to understand better.
- Default color settings are best suited for light themes. Which is also my personal preference.
- Users can change most of the default options in settings according to their personal preference in settings.
- When we open settings we can see 3 tabs that are {Inputs tab} {Style tab} {Visibility tab} each tab have its own options, Understand and use it accordingly.
- Background Color grading that is “Green” background means parameter favorable, “Red” not favorable for my trading.
- Indicator will be only visible in the Daily time frame as its primary TF is daily. In the lower time frame nothing is plotted.
- An indicator is plotted on a different plane and does not overlay in the existing plane.
Contents
+4% BO
-4% BO
Volume
+4% BO
- If the %change is more than 4% and today's volume > yesterday's volume and volume > 100000 then the green line is plotted from 0 to 1.
- This helps in trading momentum burst setup and to spot 4% BO easily.
{Style Tab}
- “Check Mark” Users can Show/Hide the line.
- “+4% BO” Default “Green color”. Users have the option to change.
- “Line Type” Default settings, Users have the option to change.
-4% BO
If the %change is less than -4% and today's volume > yesterday's volume and volume > 100000 then the green line is plotted from 0 to 1.
This helps in trading momentum burst setup and to spot -4% BO easily.
{Style Tab}
- “Check Mark” Users can Show/Hide the line.
- “-4% BO” Default “Red color”. Users have the option to change.
- “Line Type” Default settings, Users have the option to change.
Volume
- If Today’s Volume is greater than Default settings that is 9 Million then Blue color line is plotted similar to +/-4% B) however if u want to plot like Pradeep Bonde aka Stock Bee style then user have to change settings from “line” type to “histogram” type in style tab of settings.
- This is used for spotting EP 9 Million setup.
{Input Tab}
- “Volume” Default is (9). Users have the option to change as per their preference. And the number should be in millions.
{Style Tab}
- “Check Mark” Users can Show/Hide the line.
- “Volume” Default ”Blue color”. Users have the option to change.
- “Line Type” Default settings, Users have the option to change.
To use it similar to Stock Bee, change “Line” to “Histogram”.
Highly Recommended Setting to change immediately
{Style Tab} Outputs Section
“Check Mark” Labels on price scale. “Uncheck it”.
“Check Mark” Values in Status Line. “Uncheck it”.
*****
First Things First
- This indicator is a replica of Pradeep Bonde aka Stock Bee’s 4% indicator which he uses in the TC2000 platform for trading momentum burst and EP 9 million setup.
- Disclaimer: This indicator will not give any buy or sell signal. This is just a supporting tool to improve efficiency in my trading.
- Apply Indicators and then open indicator settings and read the following simultaneously to understand better.
- Default color settings are best suited for light themes. Which is also my personal preference.
- Users can change most of the default options in settings according to their personal preference in settings.
- When we open settings we can see 3 tabs that are {Inputs tab} {Style tab} {Visibility tab} each tab have its own options, Understand and use it accordingly.
- Background Color grading that is “Green” background means parameter favorable, “Red” not favorable for my trading.
- Indicator will be only visible in the Daily time frame as its primary TF is daily. In the lower time frame nothing is plotted.
- An indicator is plotted on a different plane and does not overlay in the existing plane.
Contents
+4% BO
-4% BO
Volume
+4% BO
- If the %change is more than 4% and today's volume > yesterday's volume and volume > 100000 then the green line is plotted from 0 to 1.
- This helps in trading momentum burst setup and to spot 4% BO easily.
{Style Tab}
- “Check Mark” Users can Show/Hide the line.
- “+4% BO” Default “Green color”. Users have the option to change.
- “Line Type” Default settings, Users have the option to change.
-4% BO
If the %change is less than -4% and today's volume > yesterday's volume and volume > 100000 then the green line is plotted from 0 to 1.
This helps in trading momentum burst setup and to spot -4% BO easily.
{Style Tab}
- “Check Mark” Users can Show/Hide the line.
- “-4% BO” Default “Red color”. Users have the option to change.
- “Line Type” Default settings, Users have the option to change.
Volume
- If Today’s Volume is greater than Default settings that is 9 Million then Blue color line is plotted similar to +/-4% B) however if u want to plot like Pradeep Bonde aka Stock Bee style then user have to change settings from “line” type to “histogram” type in style tab of settings.
- This is used for spotting EP 9 Million setup.
{Input Tab}
- “Volume” Default is (9). Users have the option to change as per their preference. And the number should be in millions.
{Style Tab}
- “Check Mark” Users can Show/Hide the line.
- “Volume” Default ”Blue color”. Users have the option to change.
- “Line Type” Default settings, Users have the option to change.
To use it similar to Stock Bee, change “Line” to “Histogram”.
Highly Recommended Setting to change immediately
{Style Tab} Outputs Section
“Check Mark” Labels on price scale. “Uncheck it”.
“Check Mark” Values in Status Line. “Uncheck it”.
*****
Catatan Rilis:
Now Users can choose desired % in settings.
Catatan Rilis:
Default color settings of marker changed.