Market Breadth - Primary Indicator

Market Breath is the equilibrium between number of stocks in advance to those in a decline, in other words a method to determine the current market environment. In a positive phase bullish setups will have improved probabilities and presence, whereas in a bearish phase the opposite would be true.

The primary indicator measure the trend in SPY and correlation between different EMA's.
- Green Columns: Positive Breadth
- Red Columns: Negative Breadth

This indicator can be combined with the secondary breadth indicator to further note excessive movement and risk of mean reversion.

Notes de version

You can now customize which symbol / market the indicator will be based on.

Notes de version

This version is now based on NASDAQ:CRSPTM1, which tracks the US Total Market Index. This expands coverage to a broader spectrum of U.S. equities.

Notes de version

Updated chart and color scheme.

Script protégé

Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.

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Script protégé

Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.

StockLeave

Technical Trading: Research and Application
stockleave.com/

Aussi sur: