Zweig Market Breadth Thrust Indicator [LazyBear] par LazyBear

lazybear custom indicators market oscillator momentum

The Breadth Thrust (BT) indicator is a market momentum indicator developed by Dr. Martin Zweig. According to Dr. Zweig a Breadth Thrust occurs when, during a 10-day period, the Breadth Thrust indicator rises from below 40 percent to above 61.5 percent.

A "Thrust" indicates that the stock market has rapidly changed from an oversold condition to one of strength, but has not yet become overbought. This is very rare and has happened only a few times. Dr. Zweig also points out that most bull markets begin with a Breadth Thrust.

All parameters are configurable. You can draw BT for NYSE, NASDAQ, AMEX or based on combined data (i.e., AMEX+NYSE+NASD). There is also a "CUSTOM" mode supported, so you can enter your own ADV/DEC symbols.

More info:
Definition:
A Breadth Thrust Signal:
A Rare "Zweig" Buy Signal:
Zweig Breadth Thrust:

List of my public indicators:
List of my app-store indicators:

List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970

Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Vous voulez utiliser ce script sur un graphique ?

//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//
study(title="Zweig Market Breadth Thrust Indicator [LazyBear]", shorttitle="ZMBTI_LB")
t=input(defval=2, maxval=2, minval=1, title="MA Type (1=>SMA, 2=>EMA)")
lma=input(defval=10, minval=1, title="MA Length")
mkt = input (defval=1, minval=0, maxval=4, title="Market (0=>AMEX/NASD/NYSE Combined, 1=NYSE, 2=NASDAQ, 3=AMEX, 4=CUSTOM)")
aic=input(defval="ADVS", title="CUSTOM: Advancing Stocks Symbol", type=symbol)
dic=input(defval="DECS", title="CUSTOM: Declining Stocks Symbol", type=symbol)
me=input(false, title="Color OB/OS")
ma(s,l) => t==1?sma(s,l):ema(s,l)	
res = "D"
advn="ADVN", decn="DECN" // NYSE
advnq="ADVQ", decnq="DECQ" // NASDAQ
advna="ADVA", decna="DECA" // AMEX
advc="(ADVN+ADVQ+ADVA)/3.0", decc="(DECN+DECQ+DECA)/3.0"
adv= security(mkt==0? advc:mkt == 1? advn:mkt == 2? advnq:mkt == 3? advna:aic, res, close)
dec= security(mkt==0? decc:mkt == 1? decn:mkt == 2? decnq:mkt == 3? decna:dic, res, close)
zmbti = ma(adv/(adv+dec), lma)
osl=plot(0.4, color=gray, title="OS"), obl=plot(0.615, color=gray, title="OB")
osd=plot(me?(zmbti<0.4?zmbti:0.4):na, style=circles, linewidth=0, title="DummyOS")
obd=plot(me?(zmbti>0.615?zmbti:0.615):na, style=circles, linewidth=0, title="DummyOB")
fill(osl,obl,black, title="RegionFill")
fill(osl, osd, green, transp=60, title="OSFill"), fill(obl, obd, red, transp=60, title="OBFill")
plot(zmbti, color=blue, linewidth=2, title="BreadthThrust")