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Stage 2 Signal & Net New Highs/New Lows

Stage 2 Signal & Net New Highs/New Lows

HISTORY AND CREDITS–––––––––––––––––––––––––––––––––––––––––––––––––––––––
Stage 2 is part of Mark Minervini's NON-NEGOTIABLE criteria. What does this mean? Well it means that Mark does not enter a trade that is not in Stage 2. Stage analysis is the work of Stan Weinstein who divides stock price movements in 4 stages (Stage1, Stage2, Stage3 and Stage4).


Additionally, the second part of the indicator, NetNewHighs (NNH) vs NetNewLows (NNL), has been used by many traders, most recently I have seen Matt Caruso use it in his methodology, but market legend Stan Weinstien has been promoting the use of NNH as well.


    WHAT IT DOES––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
    1️⃣ Stage 2 Signal
    This method uses price, moving averages, volume in order to asses when it is the best time to get in a trade.
    👉 Stage 1 - stock goes sideways and does not make any price progress
    👉 Stage 2 - stock gains a lot of value and is trending up. It shows strong support from institutions
    👉 Stage 3 - stock goes in a sideways action again
    👉 Stage 4 - stock loses a lot of it gain in a short amount of time


    Color Legend

    Stage 2 Early Signal is denoted by BLUE color.

    Stage 2 Confirmed Signal is denoted bu AQUA/CYAN color 

    Stage 4 Early Signal is denoted by YELLOW color

    Stage 4 Confirmed Signal is denoted by Orange color

    2️⃣ Net New Highs vs Net New Lows
    This assess the general market health. It looks at the ration of New Highs vs New Lows. The indicator assess when there has been 3 consecutive days of Net New Highs > Net New Lows, this show that the general market is moving up as more stocks are advancing than those that are declining. As per Investor Business Daily research the stocks move is determined 50% by the move of the general market, 25% by the move of the sector it is in and 25% by the stock itself. Therefore, the indicator helps assess and analyze the 50% of the general marekt.
    When the condition of 3consecutive days is met the indicator prints green square on the bottom line 🟩.. The sensitivity (i.e. the 3 day can be changed in the settings).

    HOW TO USE IT–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
    1️⃣ Stage 2 Signal
    Only enter trades when they are in a Stage 2. This drastically increases the probability of success when trading to the long side. Look for AQUA/CYAN squares print before entering a trade

    2️⃣ Net New Highs vs Net New Lows
    Look for confirmation criteria indicated by a printing of green squares in the bottom of the indicator.


    For Tradingview:

    After you have purchased the indicator have to send us your TradingView username in order to get access.


    ThinkorSwim (available, but separate):

    Please send us an email and if you would like a ThinkorSwim version of this script. ThinkorSwim version is sold separetly from the TradingView version of the script and takes 5 days of delivery.


  • TradingView Product

    Link to TradingView script


    After payment is made, access to the script will be given within 2 hours


    If you are looking for Promo videos, where you can compare the original indicators to what we have creted there are plenty of public information in Youtube. If you have trouble finding them shoot us a message.

$250.00 Regular Price
$187.50Sale Price
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