Using Customer Indicators to find SuperPerformance Stocks

One of the BEST parts of TradingView is ALL the thousands of free and paid indicators you can add to your charts to try and find your own unique style and what works best for you.

I made a video a couple of days ago where I showed how you can use the built-in TradingView stock screener to find stocks in a nice steady uptrend using moving averages and some filters.

One of the disadvantages of that approach is while it shows you stocks in a steady uptrend, it doesn't tell you anything about how volatile they are or have been while they are making their move up.

This is where custom indicators can come in and add to the story. With help I created one called the SuperTrail which is a percentage based ATR indicator which simply means it looks at the "average true range" of a stock over time. It is super simple, intuitive and highly visual and by setting it to a default value like 20% I can quickly skim through a list of stocks and find ones where I can buy and in theory hold them longer term because they are less volatile than other similar stocks in the same market - but still making the same or even better gains. Once I have created a short list of these stocks I can then go through them and choose which ones I want to buy, and what the correct "range" is I want to apply as a stop loss to help protect my profits when the trend changes or eventually ends.

In this video I show you how I can find stocks that have made 100%+ type gains over the last 12 months without too much volatility and might be worth keeping an eye on.

You can find more information and videos on the SuperTrail and what else it can do via the link in my signature. It's pretty cool (I think).

If you ever wanted to create your own indicator, this is the place to do it!

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You can add that percentage change shown on the right side of the chart via:

Chart page -> Settings Cog (top right) -> Scales -> Symbol Last Price Label -> Change drop down to Price and Percentage.