RED-E Market Breadth Dashboard

RED-E Market Breadth Dashboard
The RED-E Market Breadth Dashboard is an overlay indicator that consolidates five key market breadth and sentiment measurements into a single color-coded table. Rather than switching between multiple separate panes to check market internals, this dashboard gives traders one unified read on whether broad market conditions support a bullish or bearish bias — all on their preferred intraday timeframe.
This indicator was built for intraday traders and futures scalpers who rely on market internals to confirm or filter trade setups. It is not a signal generator. It is a confluence tool designed to tell you whether the market environment backs up what you are seeing on the price chart.

How It Works
The dashboard pulls five data feeds and evaluates each one independently before combining four of them into a composite breadth score.

⭐️ADD — NYSE Advance/Decline Line
ADD tracks the real-time difference between the number of NYSE stocks advancing versus declining. A positive ADD reading means more stocks are rising than falling, which is a broad bullish condition. A negative reading means more stocks are falling, which signals broad selling pressure. The dashboard labels ADD Bullish when above zero and Bearish when below zero. If SPY or ES is moving up but ADD is negative, that move is not broadly supported — a warning sign for traders.

⭐️VOLD — NYSE Volume Difference
VOLD measures the difference between the total volume flowing into advancing stocks versus declining stocks. While ADD counts participants, VOLD measures the size of their conviction. A positive VOLD reading means real money is flowing into rising stocks. A negative reading means volume is concentrated in declining stocks. Think of ADD as counting players and VOLD as measuring how hard they are pushing.

⭐️TICK — NYSE Tick Index
TICK measures in real time how many NYSE stocks are ticking up versus ticking down at any given moment. Readings above the bullish threshold (default +600) indicate strong and broad buying pressure across the market. Readings below the bearish threshold (default -600) indicate broad selling pressure. TICK is the fastest of the four directional breadth readings and is especially useful for timing entries and exits around support and resistance levels.

⭐️PCC — CBOE Put/Call Ratio
The Put/Call Ratio compares the volume of put options being bought versus call options. When the ratio is low (below 0.70 by default), traders are buying more calls than puts, reflecting bullish sentiment. When the ratio is high (above 1.00 by default), traders are buying more puts, reflecting defensive or bearish positioning. PCC is a sentiment indicator rather than a price indicator, making it a useful complement to the three price-based breadth readings above.

⭐️VIX — CBOE Volatility Index
VIX measures implied volatility in the S&P 500 options market and moves inversely to equities. Because of this inverse relationship, VIX is intentionally excluded from the composite breadth score and displayed separately as a Fear/Greed scale. The five zones are:

Below 12 — Extreme Greed. The market is calm, possibly complacent.
12 to 16 — Greed. Normal low-volatility conditions.
16 to 20 — Neutral. Balanced conditions.
20 to 30 — Fear. Volatility is rising, uncertainty is increasing.
Above 30 — Extreme Fear. Panic conditions, large moves likely in either direction.

All VIX zone thresholds are adjustable in the indicator settings.

Overall Breadth Score
ADD, VOLD, TICK, and PCC each contribute one point to either the bull score or the bear score, for a maximum of 4 points per side. The composite reading updates on every bar and displays one of seven labels:

Full Bull Power — all 4 indicators bullish
Strong Bull — 3 of 4 indicators bullish
Lean Bull — bull score leads bear score
Mixed / Wait — no clear directional edge
Lean Bear — bear score leads bull score
Strong Bear — 3 of 4 indicators bearish
Full Bear Power — all 4 indicators bearish


How to Use It

Add the indicator to any chart — SPY, QQQ, ES1!, NQ1!, or any instrument correlated to the broad US market.
Set the Trading Timeframe in the indicator settings to match your trading session. The default is 5 minutes. All four directional breadth readings will be pulled on that timeframe.
Use the Overall Breadth score as a filter. If your chart shows a long setup and the dashboard reads Strong Bull or Full Bull Power, conditions are supportive. If it reads Mixed or Lean Bear, consider waiting for better alignment.
Use VIX as a volatility backdrop. A low VIX reading during a rally can signal complacency. A VIX above 30 during a selloff can signal a potential exhaustion or reversal opportunity.
Watch ADD and VOLD together. If price is rising but VOLD is negative, the move lacks broad participation — treat it with caution.

All breadth symbols (ADD, VOLD, TICK, PCC, VIX) are available natively on TradingView. These indicators are active during US market hours only. Readings will show N/A outside of regular session hours.

Settings

Trading Timeframe — controls the timeframe all breadth data is pulled on (default: 5 min)
Dashboard Position — Top Right, Top Left, Bottom Right, Bottom Left
Text Size — Tiny, Small, Normal, Large
VIX zone thresholds — all five levels are fully adjustable
TICK sensitivity — bullish and bearish thresholds adjustable (default +600 / -600)
Put/Call thresholds — bullish and bearish levels adjustable (default 0.70 / 1.00)


Disclaimer
This indicator is for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss. Past performance does not guarantee future results. Always use proper risk management.