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Indicator · Pine Script v5 · On the chart
Diluted EPS Signal
This indicator tracks fundamental earnings data directly on the price chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code32
Settings1inputs
LicenceNone statedfile: MPL-2.0
Last update8 months ago25 Feb 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
32 lines of Pine Script v5 from pinescript/editors_picks/diluted-earnings-per-share-signal-astrideunicorn.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © AstrideUnicorn
//@version=5
indicator('Diluted EPS Signal', shorttitle='DEPSS' ,overlay=true)
// Input earnings surprise thershold
threshold1 = input.float(defval=20, title='Earnings Surprise Threshold (%)', step=0.01)
// Get Eanings Per Share Estimate and Earnings Per Share Diluted
EPS_estimate = request.earnings(syminfo.tickerid, earnings.estimate)
EPS_diluted = request.financial(syminfo.tickerid, 'EARNINGS_PER_SHARE_DILUTED', 'FQ')
// Convert percentafe value of the treshold to a decimal one
threshold = threshold1/100
// Calcuate the absolute value of eranings suprise
absolute_earnings_surprise = math.abs((EPS_diluted - EPS_estimate) / EPS_estimate)
// Condition that determines if the current earnings signal is significant
significant = absolute_earnings_surprise >= threshold
// Define BUY and SELL signals
buy_signal = EPS_diluted - EPS_estimate >= 0 and significant
sell_signal = EPS_diluted - EPS_estimate < 0 and significant
// Calculate eranings date
Earnings_date = ta.barssince(EPS_estimate - EPS_estimate[1] != 0) == 0
// plot signal arrows
plotshape(Earnings_date and buy_signal, style=shape.triangleup, color=color.new(color.green, 0), location=location.belowbar, size=size.normal)
plotshape(Earnings_date and sell_signal, style=shape.triangledown, color=color.new(color.red, 0), location=location.abovebar, size=size.normal)
Overview
Diluted EPS Signal retrieves consensus earnings-per-share estimates and reported diluted EPS using financial data requests. When a new earnings report is detected, it calculates the percentage surprise. If the absolute surprise meets or exceeds the user-defined threshold, it plots a green upward triangle for positive earnings surprises or a red downward triangle for negative surprises. It relies strictly on equity earnings release bars.
- Diluted EPS versus consensus estimate comparison
- Configurable earnings surprise threshold percentage
- Automatic detection of earnings announcement bars
- On-chart bullish and bearish visual signal shapes
Details
Published by
regalouisei on GitHub
Code credit
AstrideUnicorn, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Markets
Stocks
Timeframes
H4 and above
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Earnings Surprise Threshold (%) | float | 20 | threshold1 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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