PROTECTED SOURCE SCRIPT
Updated Market Breadth Ratios
This indicator provides breadth ratios for various indices/exchanges based on the up/down volume.
Breadth ratios included for NYSE, NASDAQ, AMEX, DJIA, ARCA, and and average.
Very straight forward to use, if the ratios is above 2, stocks should be in uptrend, below -2 stocks should trend down. In between 2 and -2 is going to be a choppy market.
Breadth ratios included for NYSE, NASDAQ, AMEX, DJIA, ARCA, and and average.
Very straight forward to use, if the ratios is above 2, stocks should be in uptrend, below -2 stocks should trend down. In between 2 and -2 is going to be a choppy market.
Release Notes
-Minor format changesRelease Notes
--Fixed format labelRelease Notes
Added conditional coloring to breadth histogramRelease Notes
Adjusted the default line and histogram widthRelease Notes
-Added user input for the threshold that will flip the breadth histogram from grey to red/green when the momentum/trend ratio passes the threshold.
Protected script
This script is published closed-source and you may privately use it freely.
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