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JohnMuchow
Apr 4, 2021 8:56 PM

$2T Infrastructure and NUE 

Nucor CorporationNYSE

Description

With a potential of 2T to be invested on infrastructure, NUE, a producer of steel and related products, could see significant growth.

The current trajectory looks good:
- RS Line at new high.
- Price at new high.
- Earnings and sales growth.
- Volume is well above average.
Comments
muheeb26023
looks great John. will this work with other markets? or does it have to be modified?
JohnMuchow
If you are referring to the earnings indicator, I've tried it with OMXSTO, which is Nasdaq Stockholm, it seems to work fine. That's the extent of my testing so far.
muheeb26023
@PlayTheTrade, yes, thats what I meant, I am curious to know if this will work in Saudi stock market
mike_dominguez
Nice find
drewby4321
The earnings indicator is looking good! Did you already publish it?
JohnMuchow
Hey Drew, I'm still working on it. It's a challenge to get a consistent layout, as it changes based on the stock and its price action. It would be really nice if Pine Script had a way to place labels at the bottom/top of the chart.
alemac
@PlayTheTrade, not sure if it will work in Pine, ... perhaps, you can utilize idea of a Signpost tool in TradingView. It allows precise positioning sticking to the price candle in all timeframes and entering free text (i.e. EPS and Sales figures). Doubt if it allows colors to put in, maybe it will be good idea just calculating a result of YoY and QoQ changes based on the previous values , this calculation should be possible by Pine. Thank you for your amazing indicators!
JohnMuchow
Thanks for sharing the ideas. The Signpost is a great idea to callout an area of the chart, unfortunately, Pine doesn't offer an interface to the tools.
mralexsell
@JohnMuchow, this guy pretty well informed youtube.com/watch?v=wgTgq9MI97c
nayankoshiya
how are you plotting RS line John?
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