Market Breadth EMAs V2Second version of Market Breadth EMAs for $SPY. Getting a little more complicated than V1 but removed noise.
Key:
Green line = % of stocks above their 20-period moving average, the "twitch line"
Red line = % of stocks above their 200-period moving average, the "long term trend"
White line = weighted average of the % of stocks above the 20/50/100/200 averages, the "general trend." Captures bursts that the 200 misses, and is more trustworthy than the 20.
Background colors = limits of the red/green/white where reversals have happened historically. The darker the color, the stronger the signal.
Histogram = the change in the white line over time, for different time periods: 1/4/10/20, the "trend strength/confidence." i.e. If the white line "General Trend" has been drifting lower for a month but started increasing the past 2 days, you might have 3 red histograms and 1 green one.
Techniques:
If the green, red, or white line is above 50%, then more than half the stocks are above that average. So, if they're in the top half, bullish market. Bottom half, bearish market.
If the green line is above the red, market has rising/bullish momentum. If red is above green, market has falling/bearish momentum.
If the white line is rising, bullish momentum. If it's falling, bearish momentum.
If the histograms are all green, there is strong momentum in that direction. The % of stocks above their important averages has been increasing each day for both the short term and long term.
If the histograms go from all green to a mix of green and red, be on the lookout for a reversal from one of the background levels. Usually initiates from the 20 (green line) first.
If price dips without the histogram changing, HODL.
Marketbreadth
Market Breadth EMAsThis is the combined market breadth tickers: S5TW, S5FI, S5OH, and S5TH representing the percentage of S&P 500 stocks above their 20, 50, 100, and 200 EMA respectively. The colors go from green (20) to red (200) because if 20 crosses above the 200, the market's bullish, and if the 20 crosses below the 200, the market is bearish. So if green is on top = bull market. If red is on top = bear market. In general the market sentiment is whichever color is highest up.
The background is colored in depending on a few historical extremes in the 200. The darker the color the more significant the buy/sell signal. These can be adjusted by changing the hline's in the code.
TradiKator 03 All Market BreadthTradiKator 03 All Market Breadth ( allMB 03 by TK ) is a visual indicator that plots All NA Market Breadth ( the percentage securities for all North American main stock exchange index's that is above a certain SMA line ).
Market breadth indicates the wave-induced motion of the whole market.
Q&A
Function and Setting
1. 15 index and 1 avg. or sum.
CADTSX = CANANDA TSX
S&P100 = S&P MEGA CAP 100
S&P500 = S&P LARGE CAP 500 *including S&P100
S&P400 = S&P MIDDLE CAP 400
S&P600 = S&P SMALL CAP 400
SP1500 = S&P 1500 * = S&P500 + S&P400 + S&P600
S&PESG = S&P ESG
NDX100 = NASDAQ 100
NDXCOM = NASDAQ COMPOSITE
RU2000 = RUSSELL 1000 * LARGE and MIDDLE CAP
RU2000 = RUSSELL 2000 * SMALL CAP
RU3000 = RUSSELL 3000 * = RUSSELL 1000 + RUSSELL 2000
DJIA30 = DOW JONES INDUSTRIAL AVERAGE 30
DJTA20 = DOW JONES TRANSPORTATION AVERAGE 20
DJUA15 = DOW JONES UTILITY AVERAGE 15
DJCA65 = DOW JONES COMPOSITE AVERAGE 65 *= DJIA30 + DJTA20 + DJUA15
You can open this indicator by multi times to check the different settings with "above ? SMA" in same time like the picture shows "above 50 days , above 20 days and above 20 days plot in lines"
Also, it is possible to combine this indicator with multiple setting to give the sum of the different "above? SMA"'s the result.
2. 6 choices for above ? SMA
Above 5 days, Above 20 days, Above 50 days, Above 100 days, Above 150 days or Above 200 days,
3. 2 methods to visualize the study result
Colorful grid, Green = more securities above ? SMA , Red = more securities below ? SMA
Line plot, High = more securities above ? SMA , Low = more securities below ? SMA
Market Breadth Indicator (percentage of US stocks above * SMA)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 average,compare the same stock index ( Dowjones 30/NASDAQ100/RUSSELL2000/S&P500 )
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 indicators analyze the number of stocks advancing relative to those that are declining in a given index or on a stock exchange.
Market breadth refers to how many stocks are participating in a given move in an index or on a stock exchange. An index may be rising yet more than half the stocks in the index are falling because a small number of stocks have such large gains that they drag the whole index higher.
How it works?
Market breadth studies attempt to uncover strength or weakness in the movements of an index that are not visible simply by looking at a chart of the index.
