OPEN-SOURCE SCRIPT
Market Internals
Market internals can be a powerful tool for determining future moves, overall trend health and provide a means of directional confidence.
This indicator watches a handful of SPX and US stocks based internals to determine key areas of sentiment changes, the internals monitored are:
Each time there's a bullish or bearish sentiment change it will be market with green/red flag and a single letter that identifies what market internal has changed.
SPX gamma dispersion events aren't to be considered directional from historical observations made but can be a sign of liquidity adjustments and when paired with any of the other aforementioned internals sentiment changes can be used as a powerful signal.
If it's observed that market internals are changing erratically then it's a clear indication of market chop and best to wait for cleaner trends.
Future updates may include non-SPX based internals analysis, change in display, alerts/alertconditions and more. Feel free to comment with any desired changes and we can discuss!
This indicator watches a handful of SPX and US stocks based internals to determine key areas of sentiment changes, the internals monitored are:
- [T] US Stocks Ticks
- [O] Call and Put SPX Volume
- [G] SPX Gamma Dispersion
- [V] US Stocks Ask and Big Volume
- [I] US Stocks Advancing and Declining Issues
Each time there's a bullish or bearish sentiment change it will be market with green/red flag and a single letter that identifies what market internal has changed.
SPX gamma dispersion events aren't to be considered directional from historical observations made but can be a sign of liquidity adjustments and when paired with any of the other aforementioned internals sentiment changes can be used as a powerful signal.
If it's observed that market internals are changing erratically then it's a clear indication of market chop and best to wait for cleaner trends.
Future updates may include non-SPX based internals analysis, change in display, alerts/alertconditions and more. Feel free to comment with any desired changes and we can discuss!
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
@tradeseekers (YouTube, Twitter)
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
@tradeseekers (YouTube, Twitter)
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.