OPEN-SOURCE SCRIPT
Market Breadth: Trends & Breakouts
Visualize the percentage of stocks in an index participating in trends and breakouts/breakdowns.
The default data source is the S & P 500: the percent of stocks above/below the 200 and 50 day moving averages, and the percentage of stocks making new 52 week breakouts/breakdowns. You can pick new data sources in the settings.
The blue band represents the percentage of stocks above/below the 200 day moving average. (It's always 100% in width, unlike say Bollinger bands). The thin blue lines are the same but for the 50 day moving average. The red and green areas represent the percentage of stocks making new 52 week highs/lows.
In the example chart you can see a divergence between the market as a whole which continues up and to the right throughout 2021, where as fewer and fewer stocks were above their own 200 day moving average, causing the blue band to trend down. Before the market turns beginning 2022 you can see more stocks making new 52 week lows, even as other stocks make 52 week highs. After the market tops, the percentage of 52 week lows intensifies and the percentage of stocks below their 200 day moving average is already over 50%.
The default data source is the S & P 500: the percent of stocks above/below the 200 and 50 day moving averages, and the percentage of stocks making new 52 week breakouts/breakdowns. You can pick new data sources in the settings.
The blue band represents the percentage of stocks above/below the 200 day moving average. (It's always 100% in width, unlike say Bollinger bands). The thin blue lines are the same but for the 50 day moving average. The red and green areas represent the percentage of stocks making new 52 week highs/lows.
In the example chart you can see a divergence between the market as a whole which continues up and to the right throughout 2021, where as fewer and fewer stocks were above their own 200 day moving average, causing the blue band to trend down. Before the market turns beginning 2022 you can see more stocks making new 52 week lows, even as other stocks make 52 week highs. After the market tops, the percentage of 52 week lows intensifies and the percentage of stocks below their 200 day moving average is already over 50%.
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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 de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
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.