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40 Market Breadth
This is a Market Breadth Indicator designed to track how many stocks within a specific group (in this case, 40 Thai stocks from the SET index) are trading above or below a chosen Moving Average.
It’s essentially a "health check" for a sector or index: if most stocks are above their MA, the trend is broad and strong; if only a few are, the market might be fragile.
This Pine Script is a Market Breadth Indicator designed to track how many stocks within a specific group (in this case, 40 Thai stocks from the SET index) are trading above or below a chosen Moving Average.
It’s essentially a "health check" for a sector or index: if most stocks are above their MA, the trend is broad and strong; if only a few are, the market might be fragile.
Core Functions
Customizable Symbol List: It takes a list of up to 40 stock tickers (defaulting to major Thai stocks like ADVANC, AOT, PTT).
Breadth Calculation: It checks the price of every stock in that list against a Moving Average (SMA or EMA).
Visual Output:
Green Line: Number of stocks trading above the MA.
Red Line: Number of stocks trading below the MA.
50% Line: A baseline to see if the majority (bullish) or minority (bearish) are performing well.
It’s essentially a "health check" for a sector or index: if most stocks are above their MA, the trend is broad and strong; if only a few are, the market might be fragile.
This Pine Script is a Market Breadth Indicator designed to track how many stocks within a specific group (in this case, 40 Thai stocks from the SET index) are trading above or below a chosen Moving Average.
It’s essentially a "health check" for a sector or index: if most stocks are above their MA, the trend is broad and strong; if only a few are, the market might be fragile.
Core Functions
Customizable Symbol List: It takes a list of up to 40 stock tickers (defaulting to major Thai stocks like ADVANC, AOT, PTT).
Breadth Calculation: It checks the price of every stock in that list against a Moving Average (SMA or EMA).
Visual Output:
Green Line: Number of stocks trading above the MA.
Red Line: Number of stocks trading below the MA.
50% Line: A baseline to see if the majority (bullish) or minority (bearish) are performing well.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.