The idea for today is to plot high / low prices on the Earnings day. (use only on Daily timeframe) And as we all know, most of the times, price is unidirectional after the earnings are declared. A target of 1:2 or even 1:5 can be easily achieved in these cases, within few days.
Green label indicates, reported earnings are higher than estimated. Red indicates the other way. But 1, this does not necessarily indicate the trend direction. But 2, a breakout / breakdown of this day's candle mostly does. The other serving as a Stop Loss.
Optionally, the scripts can also plot splits and dividends on the charts.
The difference between this indicator and readily available default markings on the chart is, these figures are directly available on the chart itself, that saves multiple clicks.
Which day are you using to plot the lines? The earnings reaction day or the day before earnings? If earnings are released after the market closes do you use that day or the following trading day? Thank you.
SushilKothawade
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@avenosa, the plotted day is the one where TradingView marks 'E' on the charts.
raja74sekhar
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Not working on chart after add to favourite. Please check sir
SushilKothawade
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@raja74sekhar, hope you are using on securities which declare earnings, and not on indices.
Refer attached chart, it's for Wipro and marks the earnings, without any problems.
The Splits and Dividends settings are by default 'false'. If these are to be plotted, then enable them from the settings of the indicator.
raja74sekhar
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@SushilKothawade, sir for wipro only. Im unable add to favourite. It is not available in public
SushilKothawade
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@raja74sekhar, hmm, I also do not see any result when I search 'Mark Earnings Day' in public library.
Not sure, but may be it will be available after moderation. So, kindly wait a while and re-check later, may be tomorrow.
raja74sekhar
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@SushilKothawade, now it is working. Good indicator thanks a lot sirji