PROTECTED SOURCE SCRIPT
IPB_MA_MARKET_BREADTH (MAMB)
This is a powerful indicator to guage the strength of the market.
1) By default it plots the momentum of the number of stocks in Bank Nifty that are above 20 period MA. You can change the MA number if you desire.
2) It also has other features like plotting the above along with the weights allocated in index / MACD of the number of stocks above and below index / cumulative raw index with respect to number of stocks above / below MA.
3) You can use it to other indices as well but can add only 12 stocks participating in any index.
How to use it?
If you see the price moving up (down) but the index (Item no. 1 above) falling (rising), it indicates higher chance of reversal.
If shorter momentum crosses longer momentum from below, it usually signals bullish and vice versa.
As always use this indicator in tandem with other indicators.
1) By default it plots the momentum of the number of stocks in Bank Nifty that are above 20 period MA. You can change the MA number if you desire.
2) It also has other features like plotting the above along with the weights allocated in index / MACD of the number of stocks above and below index / cumulative raw index with respect to number of stocks above / below MA.
3) You can use it to other indices as well but can add only 12 stocks participating in any index.
How to use it?
If you see the price moving up (down) but the index (Item no. 1 above) falling (rising), it indicates higher chance of reversal.
If shorter momentum crosses longer momentum from below, it usually signals bullish and vice versa.
As always use this indicator in tandem with other indicators.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Trading is my passion.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Trading is my passion.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.