Reballo Hindenburg Omen - Breadth GateWhat it is
The classic four-condition Hindenburg Omen, computed live from NYSE internals, held active for a set number of bars after it fires, plus a weekly breadth-oversold override. The output is a simple three-state risk gate :
Red — Omen active. Internals are split and weakening under a still-rising index. Freeze new risk.
Green — Breadth washed out. Fewer than 30% of S&P 500 stocks above their 200-day. Historically a bad time to be cutting risk.
Nothing — Clear. Most of the ti
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