Zweig Market Breadth Thrust Indicator [LazyBear] oleh LazyBear

lazybear custom indicators market oscillator momentum

The Breadth Thrust (BT) indicator is a market momentum indicator developed by Dr. Martin Zweig. According to Dr. Zweig a Breadth Thrust occurs when, during a 10-day period, the Breadth Thrust indicator rises from below 40 percent to above 61.5 percent.

A "Thrust" indicates that the stock market has rapidly changed from an oversold condition to one of strength, but has not yet become overbought. This is very rare and has happened only a few times. Dr. Zweig also points out that most bull markets begin with a Breadth Thrust.

All parameters are configurable. You can draw BT for NYSE, NASDAQ, AMEX or based on combined data (i.e., AMEX+NYSE+NASD). There is also a "CUSTOM" mode supported, so you can enter your own ADV/DEC symbols.

More info:
Definition:
A Breadth Thrust Signal:
A Rare "Zweig" Buy Signal:
Zweig Breadth Thrust:

List of my public indicators:
List of my app-store indicators:

List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970

Skrip sumber terbuka

Dalam semangat TradingView yang sebenar, penulis skrip ini telah menerbitkannya dengan menggunakan sumber terbuka supaya pedagang-pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda dapat menggunakannya secara percuma tetapi penggunaan semula kod ini dalam penerbitan adalah dikawalselia oleh Peraturan Dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Ingin menggunakan skrip ini pada carta?

//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//
study(title="Zweig Market Breadth Thrust Indicator [LazyBear]", shorttitle="ZMBTI_LB")
t=input(defval=2, maxval=2, minval=1, title="MA Type (1=>SMA, 2=>EMA)")
lma=input(defval=10, minval=1, title="MA Length")
mkt = input (defval=1, minval=0, maxval=4, title="Market (0=>AMEX/NASD/NYSE Combined, 1=NYSE, 2=NASDAQ, 3=AMEX, 4=CUSTOM)")
aic=input(defval="ADVS", title="CUSTOM: Advancing Stocks Symbol", type=symbol)
dic=input(defval="DECS", title="CUSTOM: Declining Stocks Symbol", type=symbol)
me=input(false, title="Color OB/OS")
ma(s,l) => t==1?sma(s,l):ema(s,l)	
res = "D"
advn="ADVN", decn="DECN" // NYSE
advnq="ADVQ", decnq="DECQ" // NASDAQ
advna="ADVA", decna="DECA" // AMEX
advc="(ADVN+ADVQ+ADVA)/3.0", decc="(DECN+DECQ+DECA)/3.0"
adv= security(mkt==0? advc:mkt == 1? advn:mkt == 2? advnq:mkt == 3? advna:aic, res, close)
dec= security(mkt==0? decc:mkt == 1? decn:mkt == 2? decnq:mkt == 3? decna:dic, res, close)
zmbti = ma(adv/(adv+dec), lma)
osl=plot(0.4, color=gray, title="OS"), obl=plot(0.615, color=gray, title="OB")
osd=plot(me?(zmbti<0.4?zmbti:0.4):na, style=circles, linewidth=0, title="DummyOS")
obd=plot(me?(zmbti>0.615?zmbti:0.615):na, style=circles, linewidth=0, title="DummyOB")
fill(osl,obl,black, title="RegionFill")
fill(osl, osd, green, transp=60, title="OSFill"), fill(obl, obd, red, transp=60, title="OBFill")
plot(zmbti, color=blue, linewidth=2, title="BreadthThrust")