INVITE-ONLY SCRIPT
Market Index Strength by Keiron Richie
By combining the true strength of the Nasdaq (NDX) and S&P500 (SPY) we can then compare that against the volatility /fear index (VIX). The true strength of the Volatility Index (VIX) is shown by the red area and the Nasdaq (NDX) and S&P500 (SPY) by the silver/teal areas.
The yellow EMA line shows the average difference between the VIX and the NDX/SPY indexes. When the yellow line crosses above the zero line and is climbing it means that the NDX/SPY are strengthening. When the yellow line is decreasing or crosses under the zero line it means the fear (VIX) is becoming stronger and NDX/SPY are weakening.
When looking at charts of companies/components listed on the Nasdaq and/or S&P 500 you will notice a frequent correlation between the movement of the yellow line depicting index health and the strength of the chart you are viewing. It’s a very quick and effective method of seeing the strength and fear within the market indexes and how they are effecting your chart.
The background color changes based on the market strength combined with the active symbol true strength. Green is a buy zone, Red is a sell zone.
It is tested and works well on all timeframes with Stocks listed on NASDAQ & S&P500. It does not include buy/sell alerts.
The yellow EMA line shows the average difference between the VIX and the NDX/SPY indexes. When the yellow line crosses above the zero line and is climbing it means that the NDX/SPY are strengthening. When the yellow line is decreasing or crosses under the zero line it means the fear (VIX) is becoming stronger and NDX/SPY are weakening.
When looking at charts of companies/components listed on the Nasdaq and/or S&P 500 you will notice a frequent correlation between the movement of the yellow line depicting index health and the strength of the chart you are viewing. It’s a very quick and effective method of seeing the strength and fear within the market indexes and how they are effecting your chart.
The background color changes based on the market strength combined with the active symbol true strength. Green is a buy zone, Red is a sell zone.
It is tested and works well on all timeframes with Stocks listed on NASDAQ & S&P500. It does not include buy/sell alerts.
Script sur invitation seulement
L'accès à ce script est limité aux utilisateurs autorisés par l'auteur et nécessite généralement un paiement. Vous pouvez l'ajouter à vos favoris, mais vous ne pourrez l'utiliser qu'après avoir demandé et obtenu l'autorisation de son auteur. Contactez KeironRichie pour plus d'informations, ou suivez les instructions de l'auteur ci-dessous.
TradingView ne suggère pas de payer pour un script et de l'utiliser à moins que vous ne fassiez confiance à 100% à son auteur et que vous compreniez comment le script fonctionne. Dans de nombreux cas, vous pouvez trouver une bonne alternative open-source gratuite dans nos Scripts communautaires.
Vous voulez utiliser ce script sur un graphique ?
Avertissement: veuillez lire avant de demander l'accès.
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.