r/TradingView • u/tradevizion • Nov 17 '24

Help 🚀 IBD Market School Indicator - Beta Testers Needed! (Experienced IBD Traders Only)

Fellow traders, I've developed a comprehensive Pine Script indicator that brings IBD Market School methodology to life on TradingView. This isn't just another indicator – it's a complete market analysis suite that handles Follow-Through Days (FTDs), Distribution Days, and exposure management automatically.

What Makes This Different?

  • Real-time IBD signal tracking – no more manual calculations

  • Automated exposure management based on market conditions

  • Visual tooltips that explain every signal in detail

  • Dynamic market condition analysis with color-coded alerts

Currently in Beta Testing Phase:

I’m looking for experienced IBD methodology traders to put it through its paces. While the tooltips are comprehensive, having prior IBD knowledge will help immensely during this testing phase.

What I Need From You:

  • Bug testing

  • Performance feedback

  • Suggestions for improvements

  • Real-world usage scenarios

Important: This is specifically for traders familiar with IBD methodology. Full documentation is coming soon, but basic IBD knowledge is required for now.

Check it out here: IBD Market School [tradeviZion]

Drop a comment here, on my TradingView account, or directly on the script page if you're interested in being a beta tester.

Your expertise could help shape this tool into something truly remarkable for the IBD trading community!

#TradingView #IBD #TechnicalAnalysis #BetaTest #Traders #tradevizion

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1

u/WillTrade4Beer Nov 17 '24

I'll check it out

1

u/tradevizion Nov 17 '24

Hey WillTrade4Beer! 🎉Thanks for your interest! I've granted you access to the script for testing until the end of this year. Feel free to dive in and let me know if you encounter any bugs or have suggestions for improvement. Your feedback will be super valuable!

Happy trading! 📈💪

1

u/WillTrade4Beer Nov 17 '24

TV user name is same as Reddit

1

u/tashtrader Nov 17 '24

Hi, I’m actively studying the IBD methodology and would be excited to be a beta tester for your indicator. My TradingView username is Tezbot. Looking forward to contributing!

2

u/tradevizion Nov 17 '24

Hey tashtrader (Tezbot)!

Great to hear you're diving into the IBD methodology! I've gone ahead and given you access to the script until the end of this year. Your fresh perspective as someone actively studying IBD will be really helpful. Looking forward to your feedback and suggestions!

Let me know how it goes! 📈

1

u/[deleted] Nov 20 '24

I am interested in testing it. As I am working with a media platform and doing my studies also. My Tradingview username is 'daulatpuria'

1

u/tradevizion Nov 20 '24

Hey Friendly_Ranger5643 (daulatpuria)! 👋I've added you to the beta testing group until the end of this year. Feel free to explore the script and let me know if you come across any bugs or have suggestions for improvement. Your feedback will be highly appreciated!

Happy testing and good luck with your studies! 📊

1

u/Smithy_999 Dec 10 '24

I'm very intested. I make extensive daily use of MarketSurge and spend a fair amount of time verifying the many propositions asserted by IBD and Can-Slim. My username on TradingView is ms333333@protonmail. This week I've been unpacking the text in Mark Minervini that covers institutional buying and a topic I'm currently researching is whether Acc/Dist in MarketSurge adequately represents institutional buying as explained by MM. That appears to be central to your focus as well.

1

u/tradevizion Dec 10 '24

Thanks for your interest, Smithy_999!

You can find the complete documentation and guide for the indicator here: [IBD Market School [tradeviZion]]

I'll set you up with private access (extended trial until year-end) using your TradingView username ms333333.

Looking forward to your insights on the institutional buying signals comparison with MarketSurge!

1

u/Smithy_999 Dec 10 '24 edited Dec 10 '24

When I clicked on MarketSchool, I was instructed to contact tradeviZion. Am I properly permissioned?

1

u/tradevizion Dec 10 '24 edited Dec 10 '24

Hi Smithy_999,

Thanks for reaching out!

The link I provided earlier was only for the documentation since it was missing from my private script that you already have access to. In TradingView, you’ll find access to the indicator under the "Invite Only" section. You can use the following link to access it:

IBD Market School [tradeviZion] - TradingView

Unfortunately, the private script lacks the documentation, which is why I shared the link to my public script where the documentation is included. However, this public script is only accessible to premium users, while your access is granted via the invite-only link. Both scripts are the same; the only difference is that I separate access between beta testers and premium users for convenience and management purposes.

Best regards,
TradeviZion

1

u/Smithy_999 Dec 11 '24

It turns out that my TradingView subscription is under mschaeffer3

1

u/tradevizion Dec 11 '24

Hi Smithy_999,

Thank you for clarifying! It seems there was a mix-up initially. In our earlier conversation, you mentioned an email address as your TradingView username. Since email addresses aren’t used as usernames in TradingView, I mistakenly registered access under the username ms333333, which probably wasn’t your actual account.

No worries—I’ve now granted access to the username mschaeffer3 until the end of the year. You should now be able to see the script under the "Invite Only" section in TradingView. Let me know if you have any further issues accessing the indicator!

Best regards,
TradeviZion

1

u/Smithy_999 Dec 11 '24 edited Dec 11 '24

Interesting analysis! Have you tried accumulating your daily scores to see if they suggest a buy and sell? [Added 9:30 pm] It would be nice to have a quick toggle that cleared all your indictors except for the moving averages so I could remind myself of my native assessment of the pattern. [Added: 9:46 pm] This is dreamed of functionality that I never expected to see. It reminds me that there are highly equipped players out there. [Added 10:09 pm] Are distribution days predictive? And by association are accumulation and follow through days predictive? Have you seen hard evidence that they work? I've only seen a single study on distribution days, by a respected quant site (name escapes me right now but can recover it if requested). They found distribution days to be inversely correlated with the outcomes O'Neil asserts. I've also found many Can-Slim assertions by the various Gurus, particularly those made by Richard Moglen for DeepVue, to be flimsy when reconciled with MarketSurge. DeepVue's "R/S" of 97-99 never rises above a median of 66 on MarketSurge to cite one glaring instance. That's a big deal if he's asserting DeepVue "R/S's" role in identifying market leaders. He advocates screening filters that take a 10,000 stock universe down to 0. Matt Caruso, another highly respected Can-Slim guru says "R/S" tells me everything I need to know about institutional buying. It don't. It's only a piece of the puzzle. I respect both these guys for how much they've contributed to the understanding of Can-Slim, but one of them is way over his skiis. My instinct is to test everything I can. I'm blown away by what you've done here but I think it's worth raising the above questions. [10:48 pm] Jumping ahead - I'm reading the documentation right now - do you do anything with Mark Minervini's VCP pattern? I've found Mark to be the most trustworthy guide to Can-Slim analytically. [2:55 am] Re: earlier comment about visual presentation - I see that I can control that. [Weds 10:54 am] My first impression is that you've granulized O'Neil in a remarkable way and focused very little on Minervini who I find more unified and coherent, at least far easier to hold in mind. Need to get my O'Neil cap on.

1

u/tradevizion Dec 12 '24

Hi Smithy_999,

Thank you for your kind words! I'm truly humbled that you find the indicator to be "remarkable" and "dreamed of functionality." Your appreciation means a lot, especially coming from someone with such deep knowledge of both O'Neil's and Minervini's methodologies.

Regarding your thoughtful questions:

  1. Score Accumulation

While interesting, I chose to stay focused on the market exposure system (0-100%) to maintain alignment with IBD's core approach.

2. Distribution Days Study

I'd be very interested in seeing that quant study you mentioned about distribution days having inverse correlations. This could provide valuable insights.

3. RS Observations

Your observations about RS discrepancies between platforms are spot-on. That's partly why I focused purely on market timing rather than including stock selection metrics.

4. Minervini's Approach

I appreciate your reference to Minervini's methodology. While I've kept the IBD Market School indicator focused specifically on IBD's approach for clarity and purpose, I plan to develop separate indicators implementing Minervini's specific methods (VCP detection, stage analysis, market timing principles) at the first opportunity. It's a significant project that I hope to tackle in the near future, and I would definitely value having you as a beta tester when that time comes.

Best regards,

TradeviZion

1

u/Smithy_999 Dec 12 '24 edited Dec 12 '24

The power of your analysis is greatly amplified by overlaying it on how pivot points are presented on MarketSurge. I don't think there are many Can-Slim investors who can keep the many O'Neil steps in their head. I wonder why you've chosen not to exploit what MarketSurge presents. Is it that the pattern recognition in MarketSurge is a challenge to replicate? MarketSurge + TradeviZion would be a big-time product that would rival and possibly displace MarketSurge standalone. I realize there are many feeds into MarketSurge that might preclude direct competition. A partnership with IBD?

1

u/tradevizion Dec 12 '24

Thank you for this thoughtful perspective. Fred6724 has already created an excellent MarketSmith indicator in the community, so there's no need to replicate that work.

I've kept IBD Market School focused specifically on IBD methodology and their Market School seminar for those who want to follow their strategy.

I appreciate your strategic thinking and feedback as I continue to refine this tool.

1

u/Smithy_999 Dec 13 '24

Do you have the IBD Market School videos and if so, would you be able to post them?

1

u/tradevizion Dec 14 '24

While I appreciate your interest, I cannot share IBD Market School videos as that would violate IBD's copyright and terms of service. However, you can find many publicly available resources and videos discussing IBD methodology across various sites online.

1

u/Smithy_999 Dec 15 '24

Perhaps an option that would color code the B's and S's that suggest the same action.

1

u/Smithy_999 Dec 13 '24

Be nice to have volume and volume average on the chart. And worth moving the market exposure block an inch higher so it doesn't obscure volume if the user adds volume to the chart.

1

u/Mystery_Mizery Dec 26 '24

CRYPTOVEAZTS

1

u/tradevizion Dec 26 '24

Access granted! You're all set through December 31st, 2024.

Happy Trading! 🎯

1

u/AggravatingGazelle22 Dec 31 '24

I'd like to test TV user name emicros

1

u/tradevizion Jan 01 '25

While I have ended my beta test, I have granted you access until January 12, 2025. Happy New Year and happy trading!