Get started

Breadth Indicators

Connors-Hayward Advance-Decline Trading PatternsThe following is an excerpt from Investment Secrets of a Hedge Fund Manager "The Connors-Hayward Advance-Decline Trading Pattern (CHADTP) is a proprietary indicator we use to identify short- and intermediate-term overbought and oversold conditions for the stock market and the S&P 500 futures market... Construction of the CHADTP indicator is simple: Add the past five day's advancing issues from the New York Stock Exchange. Add the past five day's declining issues from the NYSE. Subtract #2 from #1. Divide by five. Here are the two rules to trade CHADTP: When the five-day reading is above +400, the market is overbought; and when the five day reading is below -400, the market is oversold. Unfortunately, just because the indicator is -400 does not mean we can blindly buy the market, and just because the indicator is +400 does not mean we should be a seller of the market. Whenever we get an overbought or oversold reading, we wait for a specific price reversal before entering. When the CHADTP number is +400 or more, we will sell the market only after the S&P 500 futures trade .10 points below the previous day's low. For example, if we get a reading of +422 and today's low is 453.80 we will take a sell signal only if the market trades at 453.70 or below tomorrow. If tomorrow the market low is 454.60, and the CHADTP is above 400, we will only sell if the market trades at 454.50 or below the next day, and so on. On the buy side, if today's CHADTP number is -400 or less, we will buy only after tomorrow's S&P trades .10 points above today's high, and so on." Note from Technicus Capital: This method was created in 1995. Today, the volume and volatility of markets is much more significant and therefore the original overbought/oversold levels are no longer relevant.
Pine Script™ indicator
by TechnicusCapital
OBV Overbuy+sell Oscillator[RSU]On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits. This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and oversold phenomenon of the OBV indicator. The characteristics of Bollinger Bands: According to the normal distribution phenomenon, only 5% of the cases will exceed 2 times the standard deviation of the Bollinger Bands . So when it exceeds, I use colors to mark red overbought and green oversold situations. Usage: 1.Identify trends: Identify current stock trends by OBV's 30 average line color. 2.Breakthrough:OBV Breakthrough 30 average,signal trend may reversal. 3.Oversell and overbuy:A break below overbuy could signal a temporary end to the uptrend. 4.Divergence:When the slope of the two highs is opposite to the slope of the two highs of the indicator, a trend reversal signal may occur.
Pine Script™ indicator
by rsu9111
5
Advance/Decline Line [IQ]Advance/Decline Line is a Market Breath indicator. A/D line calculates a ratio between total number stocks advancing and total number of stocks in one day, providing another way to grasp the market breath at any moment. We think the indicator covers the whole market, as we use data from the three main exchanges: NYSE, NASDAQ and AMEX. The New York Stock Exchange (NYSE), nicknamed "The Big Board") is by far the world's largest stock exchange by market capitalization of its listed companies. The Nasdaq Stock Market (NASDAQ) is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The American Stock Exchange (AMEX) is the third largest stock exchange in the U.S. after the NYSE and the NASDAQ, and handles approximately 10% of all American trades. How to interpret it: Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ 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) and is market by a white bar (as signal). Important: For a better interpretation, the Advance/Decline Line indicator should be used in conjunction with other indicators (volatility, volume, etc.).
Pine Script™ indicator
by IQ-trading
1
FaustFaust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT. TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally. Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small). For TSV, the fattest plotted line is the divergence with the highest look-back period, and the thinnest line is the divergence with the shortest look-back period. For PVT, the larger the circle, the higher the divergence look-back period. For OBV, the larger the triangle, the higher the divergence look-back period.
Pine Script™ indicator
by noizy_cat
3
NYSE New Highs vs New LowsNYSE New Highs vs New Lows is a simple market breadth indicator that compares HIGN, the number of new highs during that day, and LOWN, the number of new lows. The new highs are on top and lows are appropriately on bottom. Without averaging, it's a little chaotic so you can smooth them out as much as you want, and the top-right label shows how much you're smoothing. Interpretation: Essentially, we use $SPY or $QQQ as a proxy for what's going on in the market, but because the FAANG stocks are so heavily weighted, it's not always representative. If SPY is flat/down, but there are 200 new highs today, then one of the big boys is weighing down an otherwise very bullish market. It's like looking at one of those heatmap charts, but in a single number. Bullish Trend - Lots of new highs - Very few new lows Bearish Trend - Lots of new lows - Very few new highs Potential Reversal - Too high, 250+ - Too low, 150+
Pine Script™ indicator
by OverexposedPhotoOfADress
12
Lowry Upside % VolumeThis script takes the total NYSE volume for the day and determines what percentage of that volume is Upside Volume (or buying volume). What's different in this script compared to others is that the 3 most essential values determined by Paul F. Desmond's Dow Award-winning paper for Lowry's Reports are color coded: 1) 90% Upside Volume Day 2) 80% Upside Volume Day 3) 90% Downside Volume Day According to Paul's award-winning research, these precise criteria are objective definitions of panic selling and panic buying and are generally near major market tops and bottoms. His Dow Award-winning paper on the topic can be explored and scrutinized in more detail here: docs.cmtassociation.org
Pine Script™ indicator
by BullRiderCapital
6
Lowest / Highest From WidgetRecent events inspired me to create a small widget that allows you to spot from when current value is lowest / highest. Just add it to chart and script will compute most recent day when price was higher / lower than current and it will display: Line coming from that value to the current one A table with previous low/high information Thanks to @MUQWISHI to help me coding it. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ indicator
by QuantNomad
12
OBV Overbuy+sell by RSUOn-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits. This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and oversold phenomenon of the OBV indicator. The characteristics of Bollinger Bands: According to the normal distribution phenomenon, only 5% of the cases will exceed 2 times the standard deviation of the Bollinger Bands. So when it exceeds, I will use colors to mark red overbought and green oversold situations. Usage: 1.Identify trends: Identify current stock trends by OBV's 30 average line color. 2.Breakthrough:A break below overbuy could signal a temporary end to the uptrend. 3.Oversell and overbuy:A break below overbuy could signal a temporary end to the uptrend. 4.Divergence:When the slope of the two highs is opposite to the slope of the two highs of the indicator, a trend reversal signal may occur.
Pine Script™ indicator
by rsu9111
4C NYSE Market Breadth RatioThe NYSE Market Breadth Ratio is considered by some to be the “king” of market internals. It lets you know instantly how strong current buying or selling pressure is in the broad market, to eliminate guessing or opinion. This indicator plots the Market Breadth Ratio values for the NYSE and the NASD exchanges in real time. It also plots the NYSE Market Breadth Ratio in a histogram plot for visual reference. The indicator dynamically changes colors between green and red depending on whether breadth is currently positive or negative. This indicator divides the 'Up-Volume' ("UVOL") by 'Down-Volume' ("DVOL"), for each exchange. It can be added to any chart, but is incredibly useful when added to other sources of market internals like the NYSE Advancers/Decliners Difference (ticker ADD) or with the NYSE UVOL / DVOL Difference (ticker VOLD ). Credit goes to author=@auron9000 as the bulk of this code was from their Breadth Ratio Bubbles indicator. ---> The changes made to their indicator include: bug fixes where the values werent properly updating; fixed indicator to be a separate plot (not chart overlay), and added the histogram plot.
Pine Script™ indicator
by FourC
11
MTF RSI & STOCH Strategy by kziThis script is a teaml job with Indicator-Johns. First he used my script, then i transform his code. The origine: The first transformation: www.tradingview.com Funny moment together, thanks for that. :) This sharing is an indicator where you can see the average of different time frames. The RSI is the blue line The Stock is the yellow line You can manage the timeframe in the parameters. The strategy is to take position when the two lines get overbought or oversold and close when the stoch and RSI goes to the middle.
Pine Script™ strategy
by Cazimiro
1
NASDAQ Advance/Decline Line 1.0NASDAQ 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 NASDAQ stocks advancing and total number of NASDAQ stocks in one day, providing another way to grasp the market breath at any moment.A Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ 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, NASDAQ Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.). -------------------- NASDAQ here refers to the totality of assets listed on the NASDAQ exchange, not to the Nasdaq Composite index or the Nasdaq100 index. NASDAQ is the second-largest stock exchange on earth, and operates the two major stock indexes based on companies that trade on its exchange: the Nasdaq Composite and the Nasdaq 100. The Nasdaq Composite tracks the performance of more than 3,000 stocks listed on the Nasdaq while the Nasdaq 100 captures the performance of the exchange’s largest non-financial companies.
Pine Script™ indicator
by IQ-trading
2
Session LevelsThis indicator plots important session (intraday) levels for the day. It plots high and low of previous day, week, month, 52 week and all time. Also plots the vix range which shows the daily expected trading range of the instrument. These levels acts as important support/resistance for the day. For example, if price closes above previous day, week, or month high/low it indicates bullish sentiment and vice versa for bearish. Vix Range plots top, center, bottom line for expected trading range for the day. It is calculated based on the volatility index selected (NSE:India VIX is used by default).
Pine Script™ indicator
by ajithcpas
17
Hotch DMI+OBV+RSI ConfluenceThis Indicator uses the Relative Strength Index, On Balance Volume, and ADX to identify viable trading trends. A quick description of what is on display: 1.) Green Triangle = OBV crossing over OBV MA 2.)Red Triangle = OBV Crossing under OBV SMA 3.) The background coloring between the RSI Oversold and Overbought Values has multiple conditions. ----It is green when the DI+ > DI- ----It is purple when the DI+ < DI- ----the brightness represents the ADX value. Darker areas(or more transparent) show a weak ADX value(4). Brighter (or less transparent) show a stronger ADX value(3) 5.) RSI and RSI moving average, including a divergence indicator. 6.) A histogram representing the normalized value of OBV-OBVMA to show changes in value while remaining readably in range on the chart with other indicators. In the included chart screen shot is an example of an applicable strategy. This example is no guaranteed success and is also not the only strategy applicable to the indicator.
Pine Script™ indicator
by Hotchachachaaa
3
MicroStrategy MetricsA script showing all the key MSTR metrics. I will update the script every time degen Saylor sells some more office furniture to buy BTC. All based around valuing MSTR, aside from its BTC holdings. I.e. the true market cap = enterprise value - BTC holdings. Hence, you're left with the value of the software business + any premium/discount decided by investors. From this we can derive: - BTC Holdings % of enterprise value - Correlation to BTC (in this case we use CME futures...may change this) - Equivalent Share Price (true market cap divided by shares outstanding) - P/E Ratio (equivalent share price divided by quarterly EPS estimates x 4) - Price to FCF Ratio (true market cap divided by FCF (ttm)) - Price to Revenue (^ but with total revenue (ttm))
Pine Script™ indicator
by Pinnacle_Investor
5
Aggregated On Balance Volume - InFinitoOn Balance Volume calculated with aggregated and normalized volume data and a few other features: Aggregation code originally from Crypt0rus Candle Plotting code from LonesomeTheBlue ***The indicator can be used for any coin/symbol to aggregate volume, but it has to be set up manually*** As normal OBV, this indicator can be used to find divergences and to have an idea of volume flow. Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures, Perpetuals, Futures+Perpetuals and All Volume). As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC. In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin. Extra features: - Based off LonesomeTheBlue, OBV can be plotted as candles and as Heiken Aishi candles (which give wick information) - A Moving Average (SMA, EMA, WMA, RMA, VWMA) can be plotted to the OBV. This can be used as a confluent signal to enter a trade on a crossover or to know the strength of the current move. - The OBV basis can be reset to 0 periodically, making it more oscillator-like and allowing to focus only on a certain period of time.
Pine Script™ indicator
by In_Finito_
11
On Balance Volume wi Normalization (OSC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it (1) Indicator introduction This indicator is a normalized OBV that never dulls and has a better divergence accuracy than RSI This indicator is plotted on the Normalized OBV and can display the divergence locations and corresponding divergence intensity The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number" Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline (2) Parameter introduction - Normalized On Balance Volume MA Type: Type of moving average for calculating the normalized OBV, default is SMA MA Period: Period of moving average of normalized OBV, which is SMA14 by default NOBV Sigma: Upper and lower range of normalized OBV - Normalized On Balance Volume Divergence Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence Plot Bullish: Whether to draw regular bullish divergence label Plot Hidden Bullish: Whether to draw hidden bullish divergence label Plot Bearish: Whether to draw regular bearish divergence label Plot Hidden Bearish: Whether to draw hidden bearish divergence label Happy trading and enjoy your life! ———————————————————————————————————————— 各位朋友大家好，很抱歉之前的开源版本因为规则原因被隐藏，我已经重新编辑了说明并重新发布 (1) 指标说明 该指标是 OBV 的归一化版本，永不钝化，背离准确率高于 RSI 该指标绘制于 归一化OBV 上，并在对应位置显示背离点以及背离程度 支持顶底位置 N 根K线的容差，由 Tolerant Kline Number 参数设置 支持背离强度的显示，即标签上显示的 REG/HID 值，该值小于 0，且越小说明背离程度越大 支持背离强度的过滤，由 Cov Threshold 参数设置， REG/HID 值大于这个值的背离会被忽略 标签中，REG 表示常规顶/低背离，而 HID 表示隐藏顶/底背离 标签中，SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离 标签中，OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离 (2) 参数说明 - Normalized On Balance Volume MA Type: 计算归一化 OBV 的移动平均的类型，默认为 SMA MA Period: 计算归一化 OBV 的移动平均的周期，默认为 SMA14 NOBV Sigma: 归一化 OBV 的过滤区间 - Normalized On Balance Volume Divergence Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量 Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量 Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量 Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量 Tolerant Kline Number: K线和指标的顶/底点索引的最大误差 Cov Threshold: 背离程度，该值小于 0，且越小说明背离程度越大 Plot Bullish: 是否绘制常规底背离提示 Plot Hidden Bullish: 是否绘制隐藏底背离提示 Plot Bearish: 是否绘制常规顶背离提示 Plot Hidden Bearish: 是否绘制隐藏顶背离提示 祝大家交易愉快
Pine Script™ indicator
by dandrideng
2
On Balance Volume wi Normalization (SRC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it (1) Indicator introduction This indicator is a normalized OBV that never dulls and has a better divergence accuracy than RSI This indicator is plotted on the klines and can display the divergence locations and corresponding divergence intensity The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number" Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline (2) Parameter introduction - Normalized On Balance Volume MA Type: Type of moving average for calculating the normalized OBV, default is SMA MA Period: Period of moving average of normalized OBV, which is SMA14 by default NOBV Sigma: Upper and lower range of normalized OBV, but the function is reserved - Normalized On Balance Volume Divergence Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence Plot Bullish: Whether to draw regular bullish divergence label Plot Hidden Bullish: Whether to draw hidden bullish divergence label Plot Bearish: Whether to draw regular bearish divergence label Plot Hidden Bearish: Whether to draw hidden bearish divergence label Happy trading and enjoy your life! ———————————————————————————————————————— 各位朋友大家好，很抱歉之前的开源版本因为规则原因被隐藏，我已经重新编辑了说明并重新发布 (1) 指标说明 该指标是 OBV 的归一化版本，永不钝化，背离准确率高于 RSI 该指标绘制于 K线 上，并在对应位置显示背离点以及背离程度 支持顶底位置 N 根K线的容差，由 Tolerant Kline Number 参数设置 支持背离强度的显示，即标签上显示的 REG/HID 值，该值小于 0，且越小说明背离程度越大 支持背离强度的过滤，由 Cov Threshold 参数设置， REG/HID 值大于这个值的背离会被忽略 标签中，REG 表示常规顶/低背离，而 HID 表示隐藏顶/底背离 标签中，SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离 标签中，OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离 (2) 参数说明 - Normalized On Balance Volume MA Type: 计算归一化 OBV 的移动平均的类型，默认为 SMA MA Period: 计算归一化 OBV 的移动平均的周期，默认为 SMA14 NOBV Sigma: 归一化 OBV 的过滤区间，其功能暂时保留 - Normalized On Balance Volume Divergence Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量 Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量 Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量 Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量 Tolerant Kline Number: K线和指标的顶/底点索引的最大误差 Cov Threshold: 背离程度，该值小于 0，且越小说明背离程度越大 Plot Bullish: 是否绘制常规底背离提示 Plot Hidden Bullish: 是否绘制隐藏底背离提示 Plot Bearish: 是否绘制常规顶背离提示 Plot Hidden Bearish: 是否绘制隐藏顶背离提示 祝大家交易愉快
Pine Script™ indicator
by dandrideng
3