This indicator provides breadth ratios for various indices/exchanges based on the up/down volume.
Breadth ratios included for NYSE, NASDAQ, AMEX, DJIA, ARCA, and and average.
Very straight forward to use, if the ratios is above 2, stocks should be in uptrend, below -2 stocks should trend down. In between 2 and -2 is going to be a choppy market.
Breadth ratios included for NYSE, NASDAQ, AMEX, DJIA, ARCA, and and average.
Very straight forward to use, if the ratios is above 2, stocks should be in uptrend, below -2 stocks should trend down. In between 2 and -2 is going to be a choppy market.
Versionshinweise:
-Minor format changes
Versionshinweise:
--Fixed format label
Versionshinweise:
Added conditional coloring to breadth histogram
Versionshinweise:
Adjusted the default line and histogram width
Versionshinweise:
-Added user input for the threshold that will flip the breadth histogram from grey to red/green when the momentum/trend ratio passes the threshold.