How the rules work

After each daily close, SimplyWheel checks every stock on your TradingView watchlist against the rules of your strategy and shows one verdict. The first rule that applies gives it. SimplyWheel makes no decisions and no recommendations: you read the verdict, check the option in your broker and decide whether to trade.

These are the rules every account starts with. You can change any value below on your Strategy page. See them applied in the demo

Three trades

SELL PUT

Cash-secured put

The standard trade. A stock in an uptrend comes back to its EMA20, EMA50, EMA100 or EMA150 and bounces off it on a green close. You sell a put at that EMA and keep the cash to buy the shares aside. Being assigned is not the aim, but you must be fine owning the shares at the strike.

FLIP

Flip

For a clearly bullish setup: a bounce off a rising EMA20 that closes in the upper half of a green candle above the day before's high on at least 1× average volume with the Good Trade Stoch RSI turn, or a clear breakout. A normal EMA bounce stays SELL PUT. You buy 100 shares and sell a call about one week out, 2–3% above the price. Here the shares being called away is the plan. If the call ends and you still hold the shares, sell the next one the same way, never below what the shares cost you.

SELL CALL

Covered call

For shares you mean to keep. Timed the other way round: after the price tested a high, was turned back, and the Stoch RSI rolls over. The call never sits below what the shares cost you, so an assignment does not lock in a loss on them.

Starting rules

Trend first: The trend for a new put hangs on the EMA50 above the EMA100, read on the daily chart (the weekly chart is an overview only). A close below the EMA150, the lowest bounce level, or an EMA50 below the EMA100 means the trend is broken, so wait, no new put and no flip. For a bounce off the EMA20 the EMA20 must sit above the EMA50. A flip's exit still watches the EMA20, which must be higher than 8 sessions ago.
Timing: The EMA bounce times the entry: the lowest low of 3 sessions came within 0.5% of the EMA20, EMA50, EMA100 or EMA150, the day before closed above it, and today is a green close above it. The first EMA from the top that bounced counts; one the price closed through does not, the next one below is checked. No put on a red day. The day after the bounce should be green too: a red second day, or a close below the bounce day's low, ends the signal. The market decides how much the Stochastic RSI (14, 14, 3, 3) counts, read on QQQ's daily chart. Bullish means QQQ closes above a rising EMA20 and the EMA20 is above the EMA50: then a bounce is enough for a put, and %K at or below 25 turning up, a turn begun within 3 sessions makes it a Good Trade, shown with a star. In any other market, or when SimplyWheel has no recent QQQ prices, the turn is required: without it the verdict is WAIT, "Bounce, Stoch not confirmed". Covered calls mirror this with %K at or above 75 turning down, a turn begun within 3 sessions. Every verdict names the market.
Strike at the EMA: The put strike is the EMA that bounced, rounded down to a listed strike, not a fixed delta. The strike is not moved up for more premium. If the EMA is far below the price and the premium there is thin, skip the put.
Short expiries: A put expires the Friday after next. After strong green candles it is closed early instead of waiting for expiry.
Never through earnings: No sold option is held through an earnings report. The last safe expiry is the Friday before it. The date comes from TradingView or, if earlier, from the last report plus 91 days. Check it in an earnings calendar before you trade.
Only liquid options: A put needs at least 20 open contracts and a bid, and a lower strike 7–14 days later that is just as liquid, so you could roll it. Saved option prices older than 4 days do not count.
A put you could roll down: Before a put turns green, SimplyWheel tests the exit plan: if the price fell to the strike, could you roll the put one week later to a lower strike for a net credit? It prices the put just in the money on the nearest weekly expiry and looks for the lowest put one week later that pays its buy-back plus $0.05 per share (two weeks later when one week is not enough, which counts at most as Medium). 3% of the strike or more is High, 1.5% and two strikes Medium, less is Low, and none at all is Not rollable. Fewer than 100 open contracts or a bid-ask gap above 10% of the mid make it at most Medium, a gap above 20% at most Low. A green put needs Medium or High. The test assumes the option prices keep their shape as the price falls, so check the real roll in your broker. The levels are SimplyWheel suggestions.
Put as a credit spread: Instead of keeping the cash for 100 shares, you can also buy a cheaper put $2.50 below it under a $50 share price, $5 up to $150, $10 up to $300 and $15 above. The sold put, its expiry and every check stay the same. The most you can lose is the gap between the strikes minus the credit, and much less cash is tied up. A close between the strikes at expiry can still assign the sold put, so close a spread in trouble before then. Shares you mark as Keep never get a spread. Off in the Starting rules: switch it on under Credit spread on your Strategy page. Your rule closes it once 50% of the credit is kept, or sooner if the support breaks.
Your cost stays your cost: The cost of your shares is what you paid for them. Premiums are separate income and do not lower it. A call is never sold or rolled below that cost.
You decide: SimplyWheel does not look at your capital, position size or a share-price limit. Before each trade, check the premium, bid and ask, open contracts, the roll and the earnings date in your broker, and place the order there yourself.

Stocks you do not own yet

Checked in this order. The first rule that applies gives the verdict.

1.
NO DATA
Fewer than 126 sessions of history, or a daily jump of 1.6× or more in it.
2.
NO TRADE
The company: revenue falling, a loss in the last quarter, falling profit, or an industry with FDA or court risk (Biotechnology, Pharmaceuticals: Other, Pharmaceuticals: Generic). Funds skip these checks. A market value below $10 billion is only a note.
3.
WAIT
Trend broken: the close is below the EMA150, the lowest bounce level, or the EMA50 is below the EMA100. Wait until the EMA50 is back above the EMA100 and the price above the EMA150.
4.
WAIT
Earnings: no weekly expiry is left before the next report.
5.
WAIT
Stretched: the close is 2× the EMA20 or more. Wait for a pullback.
6.
WAIT
Bounce failed: the day after a bounce closed below the bounce day's low. The signal has ended; wait for a new green close above an EMA.
7.
FLIP
Trend intact (including a rising EMA20), the close above the moving-average zone, the call's expiry before earnings, not overbought, and either a bullish EMA20 bounce (closing in the upper half of a green candle above the prior high on at least 1× average volume with the Good Trade Stoch RSI turn; a normal EMA bounce stays SELL PUT) or a breakout: a close above the highest high of 10 sessions, in the upper half of a green candle, on at least 1× the average volume and at most 9% above the EMA20.
8.
NO TRADE
Options: the saved option prices show that the put or its roll is too thin to trade.
9.
CHECK OPTIONS
The put is ready, but saved option prices are missing, too old or do not reach the strike.
10.
NO TRADE
Not rollable: no lower put one or two weeks later would pay to buy back the put if the price fell to the strike. Without a roll there is no exit plan.
11.
CHECK OPTIONS
Rollability unknown: the saved option prices do not reach the put just in the money.
12.
SELL PUT
Check rollability: the put could hardly be rolled down if the price fell to the strike. Skip it, or sell it only if you accept being assigned the shares.
13.
SELL PUT
A bounce off the EMA20, EMA50, EMA100 or EMA150: the lowest low of 3 sessions came within 0.5% of the EMA, the day before closed above it, and today is a green close above it. The first EMA from the top that bounced counts; one the price closed through does not. The EMA20 needs the EMA20 above the EMA50; the EMA50 and EMA100 need the EMA50 above a rising EMA100; the EMA150 needs the EMA100 above a rising EMA150. The strike is that EMA, rounded down; expiry about two weeks, before earnings; close early after strong green candles. The put and its roll must be liquid. In a bullish market the Stoch RSI turn only adds the Good Trade star; in any other market it is required.
14.
WAIT
Bounce, Stoch not confirmed: the price bounced, but the market is not bullish (or SimplyWheel has no recent QQQ prices) and the Stoch RSI has not turned up yet. Wait for the turn, ideally on a second green day.
15.
WAIT – red day
The price touched an EMA it had held, but the candle closed red. No put on a red day: red often brings more red. A red day right after a bounce ends that signal. Wait for a green close above the EMA.
16.
PREPARE PUT
Back above an EMA today after a close below it. A second green close above it confirms the bounce; the put goes below that EMA then.
17.
WAIT
No EMA reached: wait for a pullback to the EMA20, EMA50, EMA100 or EMA150, held on a green close.

A put strike shows only for SELL PUT, PREPARE PUT and CHECK OPTIONS, and for CREDIT SPREAD and PREPARE CREDIT SPREAD when your strategy places the put as a spread. A strike marked with “~” comes from the chart only: take the nearest listed strike at or below it.

Shares you keep: covered calls only

Stocks you mark as Keep never get a put or a flip. NO DATA comes first, as above.

1.
EXIT
The last 5 closes are all below the EMA200, or the price is 15% or more below your cost. Sell the shares instead of waiting for calls above your cost; buy back an open call first.
2.
ROLL
An open call once the close is within 2% of its strike or above it: roll now, one week out, at the same or a higher strike, for a net credit only and never below your cost. If no roll is possible at or above the strike, expect the shares to be called away.
3.
BUY BACK
Buying the call back costs at most 20% of the premium you received (80% of it gone), by the saved call prices. Buy it back so the shares are free for the next call.
4.
HOLD CALL
The call is more than 2% above the price and has lost less than 80% of its premium. It stays open, and a dip is no reason to buy it back. The verdict names the decay so far.
5.
NO CALL
Earnings: no 1–2-week expiry is left before the next report.
6.
SELL CALL
Near the 20-day high, turned back (a red candle, a long upper wick or a close below yesterday), and the close at least 2% above the EMA20. In a bullish market the Stoch RSI turning down only makes it a Good Trade, and without it the rejection must be on today's candle at the high; in any other market the turn down is required. The strike is that high, never below your cost.
7.
WAIT
Rejection, Stoch not confirmed: turned back near the high, but the market is not bullish and the Stoch RSI has not turned down yet.
8.
WAIT
A breakout is running: do not cap the rally with a call.
9.
PREPARE CALL
Near the high with the Stoch RSI at 70+, waiting for the price to be turned back.
10.
NO CALL
The price sits at a support, so a bounce is possible.
11.
REVIEW SHARES
No call sold on the shares for 90 days: the capital earns nothing. Decide whether to keep waiting for a high, sell a call below the usual level, or sell the shares.
12.
WAIT
No tested high yet.

Flip shares: being called away is the plan

Shares you hold as a flip, bought or assigned from a put, unless you mark the stock as Keep. A flip's call is never rolled. NO DATA comes first, as above.

1.
EXIT
The chart broke: the close is below the EMA20, the EMA20 is no longer rising, or the daily and weekly price structures are both falling. Exit with a small loss instead of hoping: buy back the call and sell the shares.
2.
HOLD FLIP
A call is open. Below the strike it stays open; at or above it, the shares will likely be called away at the strike. That is the plan, so a flip's call is never rolled.
3.
SELL NEXT CALL
No call is open, for example because the last one expired: sell the next flip call right away, 2–3% above the price, never below the price you paid for the shares, expiring before earnings.
4.
NO CALL
Earnings: no weekly expiry is left before the next report. Decide whether to hold the shares through earnings without a call or sell them.

Every value

The numbers and choices behind the rules above, as every account starts.

Core principles · Three rules that protect the trade more than any number does.

Options over earnings: Never; Never: every sold option expires before the next earnings report, so the expiry gets shorter or the trade waits. Allowed: earnings no longer shorten an expiry or block a verdict. The earnings date still shows as a hint, and the price can move a lot that day.
Calls below your cost: Never; Never: a covered call and its roll stay at or above what the shares cost you, so an assignment never locks in a loss on the shares. Allowed: the call strike follows the chart only.
Cost of your shares: Purchase price only; What your shares cost for the call limit above. Purchase price only keeps premiums as separate income. Minus premiums lowers the cost by the premiums you kept from closed options on that stock, so calls may sit lower.

Rule decisions · How the verdicts react in situations where traders choose differently.

Industries with FDA or court risk: Leave them out; Stocks in the industries listed under Company can jump on FDA decisions, trial results or court rulings. Leave them out, ask you to check the news before a trade, or treat them like any other stock.
Falling profit: NO TRADE; What happens when profit fell over the last four quarters while revenue held. No trade blocks new puts and flips. A note lets the other rules decide.
Market value below the minimum: Note only; What happens when a company is worth less than the minimum under Company. A note asks you to check the company more carefully. No trade leaves it out.
Suggest flips: On; On: a strong bounce or a breakout can suggest buying shares and selling a call. Off: new stocks only ever get a put.
Keep a far call open on a dip: On; On: a call further away than the roll distance stays open when the price dips to the EMA20. Off: the verdict suggests buying it back as soon as the price reaches a bounce zone.
ROLL colour: Green; The colour of ROLL once the price comes within the roll distance of your call. Green asks you to roll now. Amber until the strike treats it as a warning until the price reaches the strike.
Trend break: WAIT; What the verdict shows when the close falls below the EMA20 or the EMA20 stops rising. Wait keeps the stock on hold until the trend recovers. No trade marks a falling EMA20 in red.
Support held: Stoch RSI turn and bounce; What a put needs once the price is at a support. Both waits for the Stoch RSI turn and the bounce together. Either one sells the put sooner, with less confirmation.
Wait after a failed breakout: On; On: a red candle that closes in its lower half while the price is stretched above the EMA20 means wait, not prepare a put. Off: the put zone decides.

Trend · When the uptrend counts as intact.

EMA20 rising over: 8 sessions; The EMA20 must be higher than this many sessions ago. More sessions make a dip less likely to count as a trend break.
Room below a rising EMA20: 0%; A close up to this far below a rising EMA20 keeps the trend intact if the candle is green or has a lower wick longer than its body. At 0, any close below the EMA20 means wait.
Too far from the EMA20: 2×; A close this many times the EMA20 is too stretched to trade: wait for a pullback.
Price history needed: 126 sessions; Fewer sessions than this is not enough history for a verdict.
Room below the EMA50: 3%; A pullback to a rising EMA20 may close this far below the EMA50 and still count as an intact trend.

Put entry · When the price is at a support and the support has held.

Put entry: Bounce off the EMA20, EMA50, EMA100 or EMA150; What sells a put. The EMA bounce: the price touched the EMA20, EMA50, EMA100 or EMA150, the day before closed above it, and today closes green above it; the first EMA from the top that bounced counts, and a close through one EMA waits for the next one below. The support zone: a support reached, the Stoch RSI turned up and the price bounced. The Classic Wheel beginner entry sells a 30 to 45 day put above the EMA200 (red or green day) when Bollinger %B is at or below 45%, the RSI(14) is at or below 48, or the price is within 2.5% of the EMA20 or EMA50.
EMA reached within: 0.5%; EMA bounce: the lowest low of the recent sessions must come this close to the EMA for the price to count as having touched it.
EMA touch within: 3 sessions; EMA bounce: the lowest low of this many sessions, today included, is checked against the EMA.
EMA100 rising over: 8 sessions; EMA bounce at the EMA50 or EMA100: the EMA100 must be above where it was this many sessions ago.
EMA150 rising over: 8 sessions; EMA bounce at the EMA150: the EMA150 must be above where it was this many sessions ago, and the EMA100 above the EMA150.
Market filter: QQQ (Nasdaq 100); Which index decides how much the Stoch RSI turn counts, read on its daily chart. Bullish means the index closes above a rising EMA20 and the EMA20 is above the EMA50. In a bullish market a bounce is enough for SELL PUT or a rejection at the high for SELL CALL, and the turn makes it a Good Trade. In any other market, or when SimplyWheel has no recent index prices, the turn is required; without it the verdict is WAIT. Off: the turn only makes a Good Trade, in every market.
Good Trade: Stoch RSI at or below: 25; A put or flip is a Good Trade when the Stoch RSI is at or below this level and turning up. In a bullish market it is a booster only; with the market filter in any other market a put needs it.
Good Trade: Stoch RSI at or above: 75; A call is a Good Trade when the Stoch RSI is at or above this level and turning down. In a bullish market it is a booster only; with the market filter in any other market a covered call needs it.
Good Trade: the turn: %K rising, and the rise is fresh; What counts as the Stoch RSI turning. The cross: %K crossed %D within the sessions below, from below for a put or flip (starting at or below the level above) and from above for a call, and still sits on that side. Rising: %K is simply higher than the day before (lower for a call). Fresh: that rise began within the sessions below.
Good Trade: within: 3 sessions; How many sessions back the cross or the start of the rise may lie for a Good Trade.
Overbought from Stoch RSI: 80; From this level, and with the close stretched above the EMA20, a put and a flip wait.
Overbought: close above the EMA20: 4%; With the Stoch RSI overbought, a close more than this far above the EMA20 means wait.
Support reached within: 1.5%; The recent low must come this close to a support for the price to count as at that support.
Recent low over: 3 sessions; The lowest low of this many sessions is checked against the support.
Close below the EMA20: 3%; The close may sit this far below the EMA20 and still count as at the EMA20.
Close below other supports: 1%; The close may sit this far below a range low, swing support or the MA zone and still count as at that support.
Put zone: close above support: 3%; A put needs the close at most this far above the support.
Near a support: 4%; A close up to this far above a support shows as near support: wait for a dip closer to it.
Stoch RSI turn from below: 30; The Stoch RSI turn up must start below this level.
Stoch RSI turn within: 5 sessions; The turn up must have happened within this many sessions.
Rising Stoch RSI counts as a turn after: 0 sessions; The Stoch RSI also counts as turned up once %K has risen this many sessions in a row, even without crossing %D. At 0, only the cross counts.
Open gap as a support: Off; On: an open gap up from the last sessions counts as a support for a put, like the range low or a swing low. Off: a gap only counts as a buy-back zone for calls.

Candles · What counts as a bounce and as a rejection.

Clear bounce: close above yesterday's high: On; On: a strong bounce for a flip, and a clear bounce for the longer put, need a close above the high of the day before.
Rejection: red candle: On; A call needs a rejection near the high. On: a red candle counts. At least one rejection sign must stay on.
Rejection: long upper wick: On; On: an upper wick longer than the candle's body counts as a rejection.
Rejection: close below yesterday: On; On: a close below the day before counts as a rejection.
Bounce: green candle: On; On: a bounce needs a close above the day's open.
Bounce: close above yesterday: On; On: a bounce needs a close above the day before.

Flip · When to buy shares and sell a call instead of a put.

Breakout: close above the EMA20: 9%; A breakout further than this above the EMA20 is too late for a flip.
Range length: 10 sessions; A breakout must close above the highest high of this many sessions.
Breakout volume: 1×; A breakout needs at least this many times the average volume.
Average volume over: 20 sessions; The average volume is taken over this many sessions before the breakout.
Breakout close in the candle: 0.5; A breakout must close at least this share up the day's candle: 0.5 is the upper half.
Flip call: lowest strike: 2%; The flip call's lowest strike, above the close.
Flip call: highest strike: 3%; The flip call's highest strike, above the close.
Flip expiry moves to next week from: Thursday; A flip call expires this Friday. From this day on it expires the next week's Friday.
Stoch RSI turn from below: 20; A strong bounce for a flip needs the Stoch RSI turn to start below this level.

Put strike and expiry · Where the put strike sits and when the put expires.

Put expiry: 2 weeks; The put expires on the Friday this many weeks out: 1 is this week, 2 the week after.
Far strike hint: 2 weekly moves; A put strike more than this many weekly moves below the price gets a note to sell only if the premium is worth it.
Swing support width: 5 sessions; A swing low needs this many higher lows on each side.
Swing support age: 120 sessions; Swing supports older than this many sessions do not count.
Expiry after a clear bounce: 30 days; After a clear bounce the put may run about this many days, and is closed after about ten.

Credit spread · A put with a bought put below it: the same timing and strike, less cash tied up and a known maximum loss.

Put style: Cash-secured put; Cash-secured put: you sell the put and keep the cash to buy 100 shares at the strike. Credit spread: you also buy a cheaper put below it, so the most you can lose is the gap between the strikes minus the credit, and far less cash is tied up. Both: the verdict stays SELL PUT and shows the spread beside it.
Spread width: Automatic by share price; How far below the sold put the bought put sits. Automatic: $2.50 under $50 a share, $5 up to $150, $10 up to $300, and $15 above that.
Take profit at: 50 % of the credit; Close a credit spread early once this share of the credit is kept. 0 turns the hint off.

Calls on Keep stocks · When to sell, roll or hold a covered call.

Roll distance: 2%; Roll a call once the price comes within this distance of its strike.
Roll out by: 1 weeks; A roll moves the call this many weeks out.
Stoch RSI high: 70; A call needs the Stoch RSI at or above this level before it turns down.
Close above the EMA20: 2%; A call needs the close at least this far above the EMA20.
Call high over: 20 sessions; The call strike sits at the highest high of this many sessions.
Recent high over: 5 sessions; The highest high of this many sessions must be near the call high.
Near the high within: 1%; The recent high must be within this distance of the call high.
Call expiry moves to next week from: Wednesday; A covered call expires this Friday. From this day on it expires the next week's Friday.
Later call expiry: 1 weeks; A call may also expire up to this many weeks after its first expiry.
Open gap counts for: 20 sessions; An open gap within this many sessions is a buy-back zone for a call, and a put support when Open gap as a support is on.

Options · When the saved option prices are good enough to trade.

Open contracts needed: 20 contracts; A put and its roll need at least this many open contracts.
Saved option prices count for: 4 days; Option prices older than this are too old to check a put. The Data Status turns amber after the same time.
Roll window from: 7 days; A put needs a lower strike at least this many days after its expiry to roll into.
Roll window until: 14 days; That lower strike may expire at most this many days after the put.
Rollability needed for a green put: Medium or High; Before a put or credit spread turns green, SimplyWheel tests how far it could be rolled down one week later for a net credit if the price fell to the strike. Below this level the verdict is a green SELL PUT with the note check rollability; a put that cannot be rolled at all is NO TRADE. Show only never changes the verdict.
Rollability High from: 3%; A put the price has just reached can be rolled at least this far down one week later, in % of its strike, for a net credit. The default is a SimplyWheel suggestion.
Rollability Medium from: 1.5%; At least this far down, and at least two strikes, is Medium. Less room is Low: the roll mostly buys time. The default is a SimplyWheel suggestion.
Net credit a roll needs: $0.05 per share; A roll counts only when the new put brings at least this much more than buying back the old one. It covers the fees of the two orders.
Open contracts for High: 100 contracts; With fewer open contracts on the strike rolled into, rollability is at most Medium: a thin strike fills worse when the roll is needed.
Bid-ask gap for High: 10%; When the gap between bid and ask of the strike rolled into is wider than this share of its mid price, rollability is at most Medium.
Bid-ask gap for Low: 20%; Wider than this, the mid price is out of reach and rollability is at most Low.
Test a two-week roll too: On; On: when a roll one week later does not reach Medium, a roll two weeks later is tested too. That result is at most Medium, so expiries stay near.

Rolling an open put · When an open put may be rolled up after the price rises. Off in the Bullish Bounce Strategy.

Roll up puts when the price rises: Off; On: once the price has risen well above an open cash-secured put and most of its premium is earned, it can be bought back and a higher put sold for a net credit, up to the next support. Each roll-up ties up more cash and makes assignment more likely, at a higher price. Off: an open put only shows PUT OPEN.
Roll up from: 8%; The close must be at least this far above the put's strike. Below that the effort rarely pays. The default is a SimplyWheel suggestion.
Premium left at most: 25%; The open put may still be worth at most this share of the premium you received, so most of it is earned. The default is a SimplyWheel suggestion.
New strike below the price: 3%; The new strike sits at or below the nearest support under the price and at least this far below the close. Without a higher support there is no roll-up.
Net credit at least: 0.3%; The new put must bring at least this share of its strike more than buying back the old one, and at least $0.10 per share, so the extra cash tied up earns something.
Roll-up expiry: Same or one week later; The new put keeps the old expiry while at least three trading days are left, otherwise one week later. Never past the last expiry before earnings.
Roll-ups per week: 2; At most this many roll-ups of the same put in one calendar week, so the put does not chase the price.
Rollability needed to roll up: High; After a roll-up the put sits closer to the price, so it must be easy to roll down if the price falls. One level lower is amber; Low or Not rollable never rolls up.
Amber when cash is short: On; On: when your account cash is known and the free cash does not cover the extra cash a roll-up ties up, the roll-up is amber. Off: the extra cash is only shown.
Stoch RSI turning down from: 80; A roll-up is amber when the Stoch RSI turns down after reaching this level in the last sessions: a pullback would put the new put under pressure at once.
Wait a day after a rejection: On; On: after a red candle that closes in its lower half, a roll-up is amber. A red day is often followed by more red.

Earnings · How the next earnings date is found.

Next report estimate: 91 days; Without a date from TradingView, the next report is estimated at the last report plus this many days.
Use the earlier date: On; On: when TradingView's date and the estimate differ, the earlier one limits the expiry.

Company · Which companies the strategy trades.

Minimum market value: $10 billion; Companies worth less than this get a note or are left out, as chosen under Rule decisions.
Check quarterly results: On; On: revenue and profit of the last four quarters must not fall. Funds skip this check.
Compare quarters: Year-ago; Year-ago: the last four quarters together against the same four quarters a year earlier, each quarter paired with its own season, so a strong holiday quarter does not make the next ones look like a decline. Needs at least five quarters; with only four, the quarter-to-quarter rule applies and the result says so. Quarter to quarter (old): the newest quarter against the one three quarters before, with the drops in between counted.
Profit measure: Operating income; Operating income: the profit from the business itself, so a one-off gain or charge, such as selling a division or a write-down, does not decide. Where a quarter has no operating income, net income is used and the check says so. Net income: the bottom line, one-offs included. The loss check for the last quarter uses the same measure.
Spot data errors: On; On: a quarter whose revenue is below 40% or above 250% of the other quarters' middle value is most likely a data error. It is left out, with its year-ago quarter, and the result gets a note to check the data instead of a fail.
Incomplete company data: Note; What happens when fewer than four recent quarterly reports are known, or the last one is more than 140 days old (report overdue). Pass: the company counts as checked. Note: the verdict stays but is at most amber and says why, for example SELL PUT – company data missing. No trade: no new put and no flip. Funds and indexes are never checked.
Revenue may fall by: 2%; Revenue may end this much below what it is compared with: the same quarters a year earlier, or the quarter three back.
Profit may fall by: 10%; Profit may end this much below what it is compared with: the same quarters a year earlier, or the quarter three back.
Clear growth: 5%; Growth of this much passes, whatever the drops: quarters below their year-ago quarter, or below the quarter before.
Drops allowed: 1 quarters; Otherwise, at most this many quarters may be lower: than their year-ago quarter, or than the quarter before.
Profit in the last quarter: On; On: a loss in the last quarter is a NO TRADE.
Industries with FDA or court risk: Biotechnology,Pharmaceuticals: Other,Pharmaceuticals: Generic; TradingView industry names, separated by commas. Rule decisions sets what happens to them.
Exceptions to the industry filter: None; Tickers, separated by commas, that the industry filter leaves alone. TradingView's industries do not always match the risk: AbbVie (ABBV) is listed as Biotechnology although most of its revenue comes from established drugs.