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Breadth Indicators

DMI RSI AO 3 indicators in 1 overlayThis is simple indicators that plot 3 indicators DMI, RSI and AO on 1 pane How to use: you can add on your chart and edit color and display in setting page of indicators The directional movement index (DMI) is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The indicator does this by comparing prior highs and lows and drawing two lines: a positive directional movement line (+DI) and a negative directional movement line (-DI). An optional third line, called the average directional index (ADX), can also be used to gauge the strength of the uptrend or downtrend. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell. The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, “New Concepts in Technical Trading Systems.”1 Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition. Awesome Oscillator is developed by famous technical analyst and charting enthusiast Bill Williams. Awesome Oscillator (AO) is an indicator that is non-limiting oscillator, providing insight into the weakness or the strength of a stock. The Awesome Oscillator is used to measure market momentum and to affirm trends or to anticipate possible reversals. It does this by effectively comparing the recent market momentum, with the general momentum over a wider frame of reference.
Pine Script® indicator
by EW_T
2
Gann SqrootGann indicators—based on trading techniques developed by W.D. Gann—are used in predicting support and resistance levels, as well as predict tops, bottoms, and future price moves. Gann studies have been used by active traders for decades, and even though the futures and stock markets have changed considerably, they remain a popular method of analyzing an asset's direction. Gann angles are a popular analysis and trading tool that are used to measure key elements, such as pattern, price, and time
Pine Script® indicator
by abiabhishek18
4
NYSE Advance/Decline Line 1.0NYSE Advance/Decline Line is a Market Breath indicator. Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like! A/D line calculates a ratio between total number of NYSE stocks advancing and total number of NYSE stocks declining in one day, providing another way to grasp the market breath at any moment. Green columns mean more than 50% of NYSE stocks are advancing, red columns mean more than 50% of NYSE stocks are declining. Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside. Correlation means rising probability of capitulation (to the upside or to the downside). For a better interpretation, NYSE Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.).
Pine Script® indicator
by IQ-trading
3
UpVol/TVol NYSE Lowry Upside DaysTakes Tradingviews Upside Volume for NYSE and divides it by Total Volume on NYSE. Tradingview's data source generally has different volume figures than say the Wall Street Journal. Therefore, this indicator is an estimate. 10% upside volume shows extreme panic and is consistent with market sell offs. 90% upside days, following a decline, are often occur within a week or so of significant market bottoms. Recommend using columns as the plot type. Based on research of LowryResearch Corp.
Pine Script® indicator
by CoryMitchell-CMT
3
Stairs Gain Strategy - MGI will explain step by step. 1- The position order filtering option is used to filter out duplicate positions. 2- The reason I use an ATR multiplier is to balance the ATR value that differs in instruments. 3- ATR lower limit and ATR upper limit values ​​are to reduce unnecessary transactions and commission expenses in the horizontal market. 4- Strategy take profit and stop loss levels are calculated as percentages. The reason why there is no point account is that it can be used in the stock market. 5- Developer friends can get a more efficient result in forex market instruments by converting this to a point account. Notice : Variables are different in each instrument. Therefore, this strategy should be optimized for each instrument used.
Pine Script® strategy
by trademasterf
Trending Bar SRTrending Bar SR is a simple script define a Bar called "Trending Bar". Depend on direction of Trending Bar, if Trending Bar is UpTrend then this indicator plot Bar's Low Price as Support and if Trending Bar is DownTrend then it plot Bar's High Price as Resistance. Beside, this indicaor also plot 4 levels retracement of Trending Bar for trading. 1. Define Trending Bar 1.1 Uptrend Bar + Close Price higher than previous High Price + Body greater than sum of shadows (up and down) + Color: A green dot is plotted at bottom chart. 1.2 Downtrend Bar + Close Price lower than previous Low Price + Body greater than sum of shadows (up and down) + Color: A red dot is plotted at bottom chart. 2. Retracement Level + Trending Bar Retracement 0.5 is called Equerium. + Trending Bar Retracement 0.618 is called Perfect Entry. + Trending Bar Retracement 0.705 is called Optimal Entry. + Trending Bar Retracement 0.79 is called Max Entry. 3. Trading + When Price crossed Equerium, consider open position at Perfect Entry, Optimal Entry with stoploss place at Max Entry. + If place order at Max Entry, stoploss can place at Support or Resistance.
Pine Script® indicator
by inno14
3
VOLD-MarketBreadth-RatioThis script provides NASDAQ and NYSE Up Volume (volume in rising stocks) and Down Volume (volume in falling stocks) ratio. Up Volume is higher than Down Volume, then you would see green label with ratio e.g 3.5:1. This means Up Volume is 3.5 times higher than Down Volume - Positive Market Breadth. If Down Volume is higher than Up Volume, then you would see red label with ratio e.g -4.5:1. This means Down Volume is 4.5 times higher than Up Volume. For example, ratio is 1:1, then it is considered Market Breadth is Neutral. PS: Currently TradingView provides only NASDAQ Composite Market volume data. I have requested them to provide Primary NASDAQ volume data. If they respond with new ticket for primary NQ data, I will update the script and publish the updated version. So if you have got similar table on ToS, you would see minor difference in NQ ratio.
Pine Script® indicator
by sskcharts
16