Мarket Breadth LabelsHistory and credits
The idea about this indicator, came from a friend teodorgun. www.tradingview.com
Special thanks to QuantNomad, whose courses got me started on programming on PineScript. www.tradingview.com
What it does
The indicator plots various values from market breadth indicators.
It shows the % stocks above certain moving averages for different indexes.
The first 3 cells, display the Advance Decline Ratios:
1. Total Advance Decline Ratio
2. NYSE Advance Decline Ratio
3. Nasdaq Advance Decline Ratio
- coloring for these is simple (value > threshold = color is green, value < threshold = color is red)
The rest of the columns display % stocks above the moving averages.
For example a value of 20 in column 4 ("Stocks above 5D MA), means that only 20% of the stocks are above their 5D moving average.
Line 1 shows current value of the indexes.
Line 2 shows value 5days ago (assuming that 5 trading days = 1 trading week).
- Line 1 Coloring: coloring here is divided between 2 tresholds ( value < lower treshold = color is red, value > lower treshold AND value < higher treshold = color is yellow, value > higher treshold = color is green)
- Line 2 Coloring: no coloring logic is applied here.
How to use it
There are several techniques for breadth indicators, many can be read online, but generally these indicators are considered contrarian. This means that high values indicate overbought conditions and low values indicate oversold conditions.
100ma
Static + Dynamic LevelsShows static and dynamic levels which can act as support/resistance. These are important as there is a lot of users who are interested in buying/selling at these prices.
Static Levels include -
Daily/Weekly/Monthly/Yearly Open (changes color depending on if below or above price)
Previous Daily/Weekly/Monthly/Yearly Open
Previous day's High/Low
Dynamic Levels include -
100/200 Daily MA
100/200 Weekly MA
Moving Average Daily (& Weekly) 50,100,200Free to use Moving Average indicator for 50, 100 and 200 days that displays both the daily and weekly Moving Averages on the same chart - revealing key support and resistance lines that might otherwise be overlooked. Please ensure to view in daily view only.
What is a Moving Average?
Smooths out the price across each period to reveal short, medium and long term trends and their relationship to each other. In principal, when the price is above a moving average the trend is up, when the price is below a moving average the trend is down.
When a short term MA crosses above a long term MA (a "golden cross") it is a strong buy signal. Conversely when a short term MA crosses below a long term MA (a "death cross") it is a strong sell signal. However, a death cross is usually only critical when both MAs are moving downwards.
Note that Moving Averages represent historical data and therefore are not strictly predictive in nature, but show trends that may be in action. Notably the 200 MA will often be particularly respected as support or resistance.
This tool is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
50, 100, 200 Moving AverageFree to use Moving Average indicator for 50, 100 and 200 days.
Smooths out the price across each period to reveal short, medium and long term trends and their relationship to each other. In principal, when the price is above a moving average the trend is up, when the price is below a moving average the trend is down.
When a short term MA crosses above a long term MA (a "golden cross") it is a strong buy signal. Conversely when a short term MA crosses below a long term MA (a "death cross") it is a strong sell signal.
Note that Moving Averages represent historical data and therefore are not strictly predictive in nature, but show trends that may be in action. Notably the 200 day MA will often be respected as support or resistance.
This tool is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
Best wishes,
BCryptological
EMA 20/50/100/200Script that publishes the EMA for 20, 50, 100, and 200.
Follow me on Twitter at @PotatoMcGruff
50,100,200 MA by CryptoLife71(FIXED)Updated the code by CryptoLife71 so that the 200ma shows correctly.