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█ OVERVIEW
The "Breadth - Thrust Indicators" script is a powerful collection of technical indicators designed to enhance your trading analysis. This comprehensive toolkit combines a range of indicators that provide valuable insights into market extremes, reversals, breadth thrust, volume thrust, and more. Let's explore each of the 9 indicators included in this script:
█ INDICATORS INCLUDED:
1. 'Deemer BAM' - This indicator analyzes breakaway momentum by examining the 10-day SMA advances and declines. It helps identify potential market strength or weakness. [walterdeemer.com/bam.htm]
2. 'Overreaction Index' ['Panic Thrust'] - This indicator determines overreactions to market extremes by calculating 'panic thrust'. It can provide valuable alerts to potential extremes in the market and possible market reversals. [ "The Overreaction Index: A Contrarian Tool for Timing the Market" (2000)]
3. 'Desmond Reversals' - This indicator identifies potential reversals in the market based on specific patterns involving downvolume and upvolume days. It can be helpful in spotting panic selling or buying. [data.bloomberglp.com/assets/sites/2/2014/01/Desmond-report.pdf]
4. 'Whaley-AD' - This indicator focuses on breath thrusts by analyzing cumulative advances and total issues. It helps identify potential market strength or weakness. [docs.mta.org/pdfs/dowaward-2010.pdf]
5. 'Whaley-Up Vol' - This indicator analyzes volume thrusts by examining cumulative upvolume and total volume. It can provide insights into market strength or weakness based on specific thresholds. [docs.mta.org/pdfs/dowaward-2010.pdf]
6. 'Whaley-SPX % Price' - This indicator examines SP500 price percentage changes over a specific period to identify potential thrusts in the market. It can be useful for spotting significant price movements. [docs.mta.org/pdfs/dowaward-2010.pdf]
7. 'Zweig' - The Zweig Thrust indicator focuses on market breadth by analyzing the 10-day EMA advances. It identifies potential market thrusts when specific thresholds are crossed within a given period. [seeitmarket.com/did-zweig-breadth-thrust-indicator-flash-buy-signal-for-stock-market]
8. NYSE - Breadth Thrust (NBD) - This indicator, created by Martin Zweig, calculates Breadth Thrust as a 10-day exponential average of advances divided by the sum of advances plus declines. A Breadth Thrust signal occurs when this indicator goes from under 0.40 to above 0.615, indicating a significant shift in market breadth and potential trading opportunities.
9. 'Breadth Thrust Continuation' - This indicator provides insights into the NYSE exchange by examining the 10-day exponential moving average of advancing and declining stocks. Signals generated above 0.615 and below 0.5.
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The "Breadth - Thrust Indicators" script is a collection of studies by Wayne Whaley, Marty Zweig, Thomas Aspray, Paul F. Desmond, and Walter Deemer, renowned experts in the field of technical analysis. This compilation offers a comprehensive toolkit for technical analysis, empowering you to identify potential market opportunities, reversals, and breadth or volume thrusts.
Please note that these indicators are tools for analysis and do not guarantee profitability or provide investment advice. Always consult with a qualified financial professional before making any investment decisions.
The "Breadth - Thrust Indicators" script is a powerful collection of technical indicators designed to enhance your trading analysis. This comprehensive toolkit combines a range of indicators that provide valuable insights into market extremes, reversals, breadth thrust, volume thrust, and more. Let's explore each of the 9 indicators included in this script:
█ INDICATORS INCLUDED:
1. 'Deemer BAM' - This indicator analyzes breakaway momentum by examining the 10-day SMA advances and declines. It helps identify potential market strength or weakness. [walterdeemer.com/bam.htm]
2. 'Overreaction Index' ['Panic Thrust'] - This indicator determines overreactions to market extremes by calculating 'panic thrust'. It can provide valuable alerts to potential extremes in the market and possible market reversals. [ "The Overreaction Index: A Contrarian Tool for Timing the Market" (2000)]
3. 'Desmond Reversals' - This indicator identifies potential reversals in the market based on specific patterns involving downvolume and upvolume days. It can be helpful in spotting panic selling or buying. [data.bloomberglp.com/assets/sites/2/2014/01/Desmond-report.pdf]
4. 'Whaley-AD' - This indicator focuses on breath thrusts by analyzing cumulative advances and total issues. It helps identify potential market strength or weakness. [docs.mta.org/pdfs/dowaward-2010.pdf]
5. 'Whaley-Up Vol' - This indicator analyzes volume thrusts by examining cumulative upvolume and total volume. It can provide insights into market strength or weakness based on specific thresholds. [docs.mta.org/pdfs/dowaward-2010.pdf]
6. 'Whaley-SPX % Price' - This indicator examines SP500 price percentage changes over a specific period to identify potential thrusts in the market. It can be useful for spotting significant price movements. [docs.mta.org/pdfs/dowaward-2010.pdf]
7. 'Zweig' - The Zweig Thrust indicator focuses on market breadth by analyzing the 10-day EMA advances. It identifies potential market thrusts when specific thresholds are crossed within a given period. [seeitmarket.com/did-zweig-breadth-thrust-indicator-flash-buy-signal-for-stock-market]
8. NYSE - Breadth Thrust (NBD) - This indicator, created by Martin Zweig, calculates Breadth Thrust as a 10-day exponential average of advances divided by the sum of advances plus declines. A Breadth Thrust signal occurs when this indicator goes from under 0.40 to above 0.615, indicating a significant shift in market breadth and potential trading opportunities.
9. 'Breadth Thrust Continuation' - This indicator provides insights into the NYSE exchange by examining the 10-day exponential moving average of advancing and declining stocks. Signals generated above 0.615 and below 0.5.
------
The "Breadth - Thrust Indicators" script is a collection of studies by Wayne Whaley, Marty Zweig, Thomas Aspray, Paul F. Desmond, and Walter Deemer, renowned experts in the field of technical analysis. This compilation offers a comprehensive toolkit for technical analysis, empowering you to identify potential market opportunities, reversals, and breadth or volume thrusts.
Please note that these indicators are tools for analysis and do not guarantee profitability or provide investment advice. Always consult with a qualified financial professional before making any investment decisions.
Nota Keluaran
CosmeticNota Keluaran
* Correction: I realized I had two Zweig variations, SMA and EMA. Labels are corrected.Nota Keluaran
Added 'Triple 70' - User adjustable settingsSkrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
ko-fi.com/eventhorizon011
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
ko-fi.com/eventhorizon011
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.