Market Breadth Indicators are powerful technical analysis tools that gauge the direction of the market and help traders determine if it's bullish, bearish or neutral. They do so by analyzing the degree of participation in an advance or a decline to see whether or not an uptrend or downtrend is broad-based and therefore likely to continue. Breadth indicators offer a different perspective on the markets that can't be seen through other indicators.
In a way they are indicators of market sentiment that allow traders to see how the market performs as a whole. Breadth indicators are often used in combination with other indicators to confirm trends. The most basic market breadth indicator is the Advance/Decline Line but there are several other popular breadth indicators such as On Balance Volume (OBV), the McClellan Summation Index and the Arms Index (TRIN).
Challenge - Show a profitable AFL system with > 80% accuracy on hourly charts for BTCUSD .
The system should be able to capture a 1% of the current bitcoin price.
I am very excited that the Johannesburg Stock Exchange (JSE) has been added to the TradingView data sources. This gives South African investors an opportunity to use the flexibility and ease of TV. As my first post I would like to highlight the performance of the Resources Sector. The South African economy was built on resources and has been under performing ...
BVN - Clearly at its Bottom and at Market Profile Support, It will be on long side for 20% up move. And market internals are supporting it. Do your Analysis before taking any position
EXK - Previous active Buying at 2.15, will it get one more time? EXK is at lowest zone and an active buyers might been seen in this zone. If so it can go up to 3.2
WPM going down with very volumes - Keep a watch on it. Active buying coming at 18.
Not sure if it is formingIs it forming a 'b' on volume profile , in search of NEW VALUE AREA. But good to keep on Watch List
***Volume profile a better way to analyse the stocks, rather than some chart drawings/Guess work.
Confluence of a Rising Wedge and Bearish Divergence on On Balance Volume suggests that downward price action is imminent.
Target illustrated is ideally a minimum target. Price could conceivably go lower.
- Divergence on OBV Oscillator
- OBV high/low cross for big move
- Tapering volume
- Retested support
- One of the coins that didn't blow up like every other coin
Hello Traders,
today I like to explain my view to the Advanced/Decline Ratio!
How to calculate the Ratio-->
--> No of advancing Stocks/No of declining Stocks divided No of adv Volume/No of decl. Volume =TRIN
--> No of advancing Stocks divided No of declining Stocks= a/d-Ratio
Normally you expect a rising No of Stocks anticipating a ...
NEO - Another possible buy point. Broke the wedge shown in my previous analysis and corrected back to the 78.6% fib. A new wedge has been formed as well as a possible triangle support, making this another decent buy point. Indicators are positioned well having shown bullish divergence a couple of days ago.
https://www.tradingview.com/x/nzD3antL/
You can see here ...
All the excitement of EURUSD strengthening had the EURJPY reaching higher than expected gains on Monday. I am shorting this pair at this level as the trend suggests a downward channel well in the upper band. Sales orders at 2 levels: st opened at 130.062 second smaller one at 130.13
Tight SL @ 130.35 As we dont know what is to be expected on the Fundamental news ...
Got a bearish flag on the OBV. With all the bullish flags being invalidated it makes me think the bearish flags will be validated. This chart is mostly just some points and patterns I found of interest. Not Really sure what to make of it all, what do you guys think? What patterns do you see?
