OPEN-SOURCE SCRIPT
Market Internals
Market internals can be a powerful tool for determining future moves, overall trend health and provide a means of directional confidence.
This indicator watches a handful of SPX and US stocks based internals to determine key areas of sentiment changes, the internals monitored are:
Each time there's a bullish or bearish sentiment change it will be market with green/red flag and a single letter that identifies what market internal has changed.
SPX gamma dispersion events aren't to be considered directional from historical observations made but can be a sign of liquidity adjustments and when paired with any of the other aforementioned internals sentiment changes can be used as a powerful signal.
If it's observed that market internals are changing erratically then it's a clear indication of market chop and best to wait for cleaner trends.
Future updates may include non-SPX based internals analysis, change in display, alerts/alertconditions and more. Feel free to comment with any desired changes and we can discuss!
This indicator watches a handful of SPX and US stocks based internals to determine key areas of sentiment changes, the internals monitored are:
- [T] US Stocks Ticks
- [O] Call and Put SPX Volume
- [G] SPX Gamma Dispersion
- [V] US Stocks Ask and Big Volume
- [I] US Stocks Advancing and Declining Issues
Each time there's a bullish or bearish sentiment change it will be market with green/red flag and a single letter that identifies what market internal has changed.
SPX gamma dispersion events aren't to be considered directional from historical observations made but can be a sign of liquidity adjustments and when paired with any of the other aforementioned internals sentiment changes can be used as a powerful signal.
If it's observed that market internals are changing erratically then it's a clear indication of market chop and best to wait for cleaner trends.
Future updates may include non-SPX based internals analysis, change in display, alerts/alertconditions and more. Feel free to comment with any desired changes and we can discuss!
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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