Trendoscope

Quality Screen

Trendoscope Wizard Diupdate   
An attempt to show fundamental stats which describes quality of the stock. Following parameters are depicted:

SOLVENCY
DEBT_TO_EQUITY
  • Very Good : 0 - 1
  • Good : 1 - 2
  • High risk : > 2

DEBT_TO_ASSET
  • Very Good : < 0.4
  • Good : 0.4 - 0.6
  • High Risk : > 0.6

LONG_TERM_DEBT_TO_ASSETS
  • Very Good : < 0.4
  • Good : 0.4 - 0.6
  • High Risk : > 0.6

ALTMAN_Z_SCORE
  • Very good: > 3
  • Good : 1.8 - 3
  • High Risk : < 1.8

SPRINGATE_SCORE
  • High Risk : < 0.862


LIQUIDITY

CURRENT_RATIO
  • Very Good : 1.2 - 2
  • Good : 2+ (Too high and Inefficient)
  • High Risk : < 1

QUICK_RATIO
  • Very Good : 1 - 2
  • Good : 2+ (Too high and Inefficient)
  • High Risk : < 0.9

SLOAN_RATIO
  • Very Good: -10% to +10%
  • Good : -25% to -10% or +10% to +25%
  • High Risk: < -25% or > +25%


PROFITABILITY
RETURN_ON_ASSETS
  • Healthy : > 5%
  • Great : > 20%

RETURN_ON_EQUITY
  • Healthy : 10%
  • Great : > 40%

RETURN_ON_INVESTED_CAPITAL
  • Healthy : > 2%
  • Great : > 10%
Catatan Rilis:
Added:

LIQUIDITY

INTEREST_COVER
  • Very Good : > 3
  • Good : > 2
  • High Risk < 2

MARGIN:
NET_MARGIN
  • Very Good : > 20
  • Good : > 10
  • High Risk < 5

FREE_CASH_FLOW_MARGIN
  • Very Good : > 15
  • Good : > 10
Catatan Rilis:
Added

PIOTROSKI_F_SCORE
https://www.investopedia.com/terms/p/piotroski-score.asp

Found this to be one of the greatest summariser of quality

Very Good: 8-9
Good: 5-7
Risky : 2
High Risk: 1

SUSTAINABLE_GROWTH_RATE
https://www.investopedia.com/terms/s/sustainablegrowthrate.asp

Very Good: 10+%
Good: 5%+
Risky: 0 to -5%
High Risk: Below -5%

May update better threshold for SGR later.
Catatan Rilis:
Few updates:

  • Handling null values for last three parameters - which was missing.
  • Condition to show stats only for syminfo.type == "stock" removed as some stocks such as BABA does not have type set to "stock"
  • Added options to select where the table needs to be placed in the screen. Refer screenshots below:

Bottom right position which is default:
https://s3.tradingview.com/snapshots/b/bZaPrx4D.png

Middle left:
https://s3.tradingview.com/snapshots/e/Em0iM6qs.png

Top Center:
https://s3.tradingview.com/snapshots/d/dwaczkpy.png
Catatan Rilis:
Added option to set text size

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