PROTECTED SOURCE SCRIPT
Market Breadth Ratio [Pt]
Aktualisiert
The Market Breadth Indicator is a technical analysis tool that provides traders and investors with valuable insights into the overall health of the stock market. This particular version of the indicator plots the Up Volume vs Down Volume Ratios for three major U.S. stock exchanges - NYSE, NASDAQ and AMEX - on a single chart.
The Up Volume vs Down Volume Ratios measure the strength of buying versus selling pressure in the market. A ratio greater than 1 indicates that there is more buying pressure, while a ratio less than -1 indicates more selling pressure. The ratio is calculated by dividing the total volume of stocks that closed up on the day by the total volume of stocks that closed down.
By plotting the Up Volume vs Down Volume Ratios for all three exchanges, the Market Breadth Indicator provides a comprehensive view of the overall market sentiment. If all three ratios are above 1, it indicates that the market is in a bullish trend, while if all three ratios are below -1, it indicates a bearish trend. A divergence between the ratios can also signal potential shifts in market sentiment.
Traders can use the Market Breadth Indicator to confirm the direction of the market and identify potential buying or selling opportunities. For example, if the market is in a bullish trend and the NYSE ratio is consistently higher than the other two ratios, it may indicate that the NYSE is leading the market and traders may want to focus on buying stocks listed on the NYSE.
Overall, the Market Breadth Indicator is a valuable tool for traders and investors to assess the overall market health and make informed trading decisions based on market sentiment.
Bonus feature: there is an option to display data for ADD for the three exchanges as well on the data table.
The Up Volume vs Down Volume Ratios measure the strength of buying versus selling pressure in the market. A ratio greater than 1 indicates that there is more buying pressure, while a ratio less than -1 indicates more selling pressure. The ratio is calculated by dividing the total volume of stocks that closed up on the day by the total volume of stocks that closed down.
By plotting the Up Volume vs Down Volume Ratios for all three exchanges, the Market Breadth Indicator provides a comprehensive view of the overall market sentiment. If all three ratios are above 1, it indicates that the market is in a bullish trend, while if all three ratios are below -1, it indicates a bearish trend. A divergence between the ratios can also signal potential shifts in market sentiment.
Traders can use the Market Breadth Indicator to confirm the direction of the market and identify potential buying or selling opportunities. For example, if the market is in a bullish trend and the NYSE ratio is consistently higher than the other two ratios, it may indicate that the NYSE is leading the market and traders may want to focus on buying stocks listed on the NYSE.
Overall, the Market Breadth Indicator is a valuable tool for traders and investors to assess the overall market health and make informed trading decisions based on market sentiment.
Bonus feature: there is an option to display data for ADD for the three exchanges as well on the data table.
Versionshinweise
Updated to fixed timezone issue for futuresVersionshinweise
Added toggle option for data tableVersionshinweise
Updated toggles for data table related to each market.Versionshinweise
fixed minor bug on labelGeschütztes Skript
Dieses Skript wird als Closed-Source veröffentlicht und Sie können es frei verwenden. Sie können es favorisieren, um es auf dem Chart zu verwenden. Sie können den Quellcode nicht einsehen oder verändern.
Möchten Sie dieses Skript auf einem Chart verwenden?
If you make $$$ off it, consider donating some of your juicy gain :)
Buy me a coffee - buymeacoffee.com/PtGambler
PayPal - paypal.me/PtGambler
You can reach me privately through my Discord Channel: discord.gg/WMQfaVGyQC
Buy me a coffee - buymeacoffee.com/PtGambler
PayPal - paypal.me/PtGambler
You can reach me privately through my Discord Channel: discord.gg/WMQfaVGyQC
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.