DaysToEarnings

17 Apr

An useful tool for investors/traders who want to keep track of upcoming earnings event.

Here's a breakdown of the indicator and its features:

Functionality:
#1 Displays the next earnings date for a company and additionally shows the number of days remaining until the earnings event.

#2 Offers three display modes:

1. Default: In this view both the earnings date and the number of days left is displayed
   
2. Head-less: A compact view without the headers
   
3. Mini-Mode: Super compact view, showing only the number of days
   

#3 Allows setting a custom baseline number of days. Based on this value the background color if the number of days in the indicator changes - red (if days remain is less than the number of days provided) else a gradient color in the shades of green.
As many stocks shows a drastic increase in volatility near the earnings date, this feature is very useful for visually being reminded of the days left.

***Lastly the footprint is very small making this important event reminder available on the chart without much fuss.***

Internals:
To calculate the days remaining until the earnings report, it uses the tv built-in variable "earnings.future_time" and uses a custom function for color grading.

How to use:

1. Once the indicator is applied on the chart you can input a custom number as reference day value. Based on this value the color coded background is generated for the days remaining to produce a visual impact - red (actual days remaining less than reference days) else its shades of green (gradient from lime to teal)
   
2. Next, choose the display modes (for default both "Head-less" and "Mini-Mode" is unchecked)
   
3. Finally choose the placement Top/Middle/Bottom + Center/Left/Right combination as per your convenience from the table options section.
   

I hope this tiny script adds value to your trading! Cheers :)