TradiKator 08 Turnover Cycle DAY (TCD(HSD) 08 by TK) is a visual indicator that underlying stock's character since its participants' collected forces cause the price movement. Here, we use turnover rate estimation to identify a possible trading cycle period of a given underlying stock. I hope this indicator can help traders to estimate a true market average price in the essential trading behavior.
Here is an input option to enter shares float manually in the case that a user who has quite a limited time frame financial data.
Known issue: The share split will cause "Total float shares" inaccurate and therefore the result will be unreliable. We are trying to find a solution.
TradiKator is Traders' indicator. Please visit TraiKator for more free scripts. We also support the Chinese.
Happy new year! Wishing you a great and successful journey in the Chinese Zodiac Bull Year.
Release Notes
Bug fix for super active stock like GME whose turnover rate higher than 100% Thanks to Caramel Tea's feedback
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.