TradiKator 03 All Market BreadthTradiKator 03 All Market Breadth ( allMB 03 by TK ) is a visual indicator that plots All NA Market Breadth ( the percentage securities for all North American main stock exchange index's that is above a certain SMA line ).
Market breadth indicates the wave-induced motion of the whole market.
Q&A
Function and Setting
1. 15 index and 1 avg. or sum.
CADTSX = CANANDA TSX
S&P100 = S&P MEGA CAP 100
S&P500 = S&P LARGE CAP 500 *including S&P100
S&P400 = S&P MIDDLE CAP 400
S&P600 = S&P SMALL CAP 400
SP1500 = S&P 1500 * = S&P500 + S&P400 + S&P600
S&PESG = S&P ESG
NDX100 = NASDAQ 100
NDXCOM = NASDAQ COMPOSITE
RU2000 = RUSSELL 1000 * LARGE and MIDDLE CAP
RU2000 = RUSSELL 2000 * SMALL CAP
RU3000 = RUSSELL 3000 * = RUSSELL 1000 + RUSSELL 2000
DJIA30 = DOW JONES INDUSTRIAL AVERAGE 30
DJTA20 = DOW JONES TRANSPORTATION AVERAGE 20
DJUA15 = DOW JONES UTILITY AVERAGE 15
DJCA65 = DOW JONES COMPOSITE AVERAGE 65 *= DJIA30 + DJTA20 + DJUA15
You can open this indicator by multi times to check the different settings with "above ? SMA" in same time like the picture shows "above 50 days , above 20 days and above 20 days plot in lines"
Also, it is possible to combine this indicator with multiple setting to give the sum of the different "above? SMA"'s the result.
2. 6 choices for above ? SMA
Above 5 days, Above 20 days, Above 50 days, Above 100 days, Above 150 days or Above 200 days,
3. 2 methods to visualize the study result
Colorful grid, Green = more securities above ? SMA , Red = more securities below ? SMA
Line plot, High = more securities above ? SMA , Low = more securities below ? SMA
Marketbreadth
Market Breadth Indicator (percentage of US stocks above * SMA)This script is a revised version of jchang274's Multi-Sub script.
Add more feature from the original jchang274 script.
1.Compare 4 US STOCK INDEX ( Dowjones 30/NASDAQ100/RUSSELL2000/S&P500 ) in the same index of percentage of stocks above 20 /50/100/200 days simple moving average.
2. Use 4 index of percentage of stocks above 20 /50/100/200 days simple moving average,compare the same stock index ( Dowjones 30/NASDAQ100/RUSSELL2000/S&P500 )
How it begin?
Traders and investors use market breadth in order to assess the index’s overall health. Market breadth can be a reliable, if not an accurate, indicator of an upcoming price rise in the index. Similarly, it can also provide early warning signs for a future price decline.
What is it？
Market breadth indicators analyze the number of stocks advancing relative to those that are declining in a given index or on a stock exchange.
Market breadth refers to how many stocks are participating in a given move in an index or on a stock exchange. An index may be rising yet more than half the stocks in the index are falling because a small number of stocks have such large gains that they drag the whole index higher.
How it works?
Market breadth studies attempt to uncover strength or weakness in the movements of an index that are not visible simply by looking at a chart of the index.
