The Open-Close Absolute Difference with Threshold Counts indicator is a versatile tool designed to help traders analyze the volatility and price movements within any given timeframe on their charts. This indicator calculates the absolute difference between the open and close prices for each bar, providing a clear visualization through a color-coded histogram. Key...
- Overview Broad market index is a market breadth based oscillator, depicting broad market trend by analysing ratio between symbols moving up and symbols moving down in a given market. When market breadth is positive, more symbols are going up and when negative, more symbols are going down. As markets tend to correlate, broad market trend dictates likely path...
Overview: This Pine Script™ is a specialized tool for traders, designed to automatically plot Fibonacci retracement levels over a user-defined date range in trading charts. It also indicates the extent of price retracement within these levels. Key Features: Date Range Customization: Users can specify the start and end dates to focus the analysis on a...
The Short-Term Index (STIX) is a simple market indicator designed to assess short-term overbought or oversold conditions in the stock market. Leveraging a combination of advancing and declining issues, STIX provides valuable insights into market sentiment and potential reversals. To enhance its interpretability and reveal the underlying trend with greater clarity,...
The Bolton-Tremblay Index (BOLTR) is a dynamic cumulative advance-decline indicator which incorporates the count of unchanged issues as a fundamental element. This index serves as a valuable tool for identifying shifts in market trends and gauging the overall strength or weakness of the market. To enhance its effectiveness and reveal underlying trends, BOLTR has...
Management The Price Deviation Indicator (PDI) was developed by "DimArt". This indicator allows you to determine the percentage deviation of the price from its average value over a certain period of time. The larger the deviation, the higher the histogram on the indicator chart. The PDI indicator can be useful for identifying a trend reversal in combination with...
Breakaway momentum is a "breadth thrust" coined by Walter Deemer in the 1970s that occurs when the ten-day total advances on the NYSE are greater than 1.97 times the ten-day total NYSE declines. This indicator calculates the ratio and plots it as a histogram. The 1.97 threshold is also plotted as a horizontal line. Anytime the histogram gets above the line...
Similar to the USI:ADD index, the NYSE TICK index measures the number of stocks with in the index with positive ticks versus negative ticks. Levels such as +/- 1000 or +/- 2000 can be considered as areas of overbought and oversold.
docs.cmtassociation.org In Paul F. Desmond's award winning paper in 2002 entitled "Identifying Bear Market Bottoms and New Bull Markets", he proposed an indicator for panic buying and selling that can be used to determine major market bottoms. The paper explains that in major bear markets, you should have at least one, or more than one multiple 90% down days....
In index investment, the USI:ADD is the Advance Decline Index that can be plotted in most charting platforms. Just like there is a volatility index for most major indeces (VIX, VOLQ) and even for Apple (CBOE:VXAPL), USI:ADD also has variations specific for the index you are analyzing (SPX: ADD, NASDAQ: ADDQ). The USI:ADD index is a measurement of stocks in the...
A simple indicator showing how much percentage has been corrected since a recent highest high. You can set 3 horizontal line to compare with past correction rates. 直近の最高値からの調整率を表示するインジケーターです。 過去の調整規模との比較のため、3本の水平線も設定可能です。
The SPX Intraday Mood Indicator tries to gauge the intraday market direction of the S&P 500 (SPX) by focusing on internal market data. Based on the 0DTE Mood Indicator concept. Overall strength/weakness is converted into a directional Mood Percentage which can help with choosing a trade type. Use at your own risk and discretion. Potential trade ideas offer no...
// Deviation rate of Chinese stock market index //The purpose of the indicator is to monitor the Chinese stock market index deviation rate to the 20EMA, so each major index can be observed longitudinally at the same time. //This indicator give signal of which Index or instrument should you be focused and when should you enter the market to get a long or short...
//Relative Strength Index of European and US Stock Index Trends quality //This indicator reveals the relative strength of European and US stock index futures. //take Bull trend as an example , the current closed price>EMA20 value and the current closed price >20th previous bar closed price( deduction price), //it's defined as a lower level bull trend .If the...
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...
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 in this case refer to percentage of stocks above...
Stocks Advance/Decline Histogram indicator, which I call ADH is my own implementation that plots an histogram of the difference between the number of advancing and declining stocks on a daily basis (or higher time frame) for the NASDAQ and NYSE. How to use it? Green: More NYSE stocks are advancing than declining. Red: More NYSE stocks are declining than...
1) NIFTY Index Advance-Decline count 2) Each session, it reads the number of stock are +Ve or -Ve 3) Whichever the side +Ve or -Ve side moving stock is more than count will be plotted 4) at +/- 25 drawn a dotted line if Count is > = +/-25 Nifty is moving in a strong army Eg:- in the current session, 30 Stock is moving in +Ve direction & 10 are in -Ve...