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The Setup Factory Breadth

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The Setup Factory Breadth

Layer 1: Participation (Adv-Decl Issues)
Calculation: It takes the number of NYSE stocks currently going up and subtracts the number of stocks currently going down.

Layer 2: Conviction (Up - Down Volume)
Calculation: It takes the total volume of all stocks moving up and subtracts the volume of all stocks moving down.

Layer 3: Diversification (The Sector Count)
Calculation: It looks at the 11 S&P 500 Sector ETFs (XLK for Tech, XLF for Banks, etc.). It checks if each one is trading higher than its previous day’s close.

It is updated live intraday.

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.