PROTECTED SOURCE SCRIPT
DAX Breadth Index [+Divergences]
🟦 DAX Breadth 9 Index with Divergence Detection (DIB9)
Real-time use requires XETRA feed
🧭 Overview
This indicator calculates a custom market breadth index for the German DAX, based on 9 structurally significant stocks.
It reveals internal market strength, detects divergences between price and participation, and serves as a directional filter in discretionary or systematic trading strategies.
🔹 Why these 9 stocks?
The components are selected based on Pareto logic, focusing on:
• Large market capitalization
• High structural influence on the DAX index
• Diversified across sectors (Technology, Industry, Finance, Chemicals)
• Strong correlation with DAX intraday and swing dynamics
Included Stocks:
SAP, Siemens, Allianz, Airbus, Deutsche Telekom, Mercedes-Benz, BASF, Munich Re, Deutsche Bank
📊 What the indicator shows
• Breadth % – % of components closing above previous close
• VWAP Breadth % – % of components above session VWAP
• Volume Thrust – Volume-weighted strength of advancing stocks
• Breadth MA – Smoothed view to capture mid-term trend shifts
• Divergences – Breadth MA vs DAX Price for reversal signals
⚙️ Calculation Logic
The indicator combines three perspectives of internal market behavior:
• Breadth %
→ Measures daily participation
= (Number of advancers / 9) × 100
• VWAP Breadth %
→ Measures intraday bullish strength
= (Stocks above VWAP / 9) × 100
• Volume Thrust
→ Measures volume-weighted conviction
= (Volume of advancing stocks / Total volume) × 100
A configurable MA (EMA/SMA/TEMA) is applied to the Breadth % to smooth noise and detect trend inflection.
Divergence signals occur when Breadth MA contradicts DAX price direction – highlighting internal weakness or strength.
🔍 Use Cases
• Detect local tops or bottoms through Breadth reversal
• Identify early turning points via Breadth/DAX divergence
• Validate or challenge DAX signals from other strategies
• Use as real-time filter in algorithmic or rule-based trading
• Best used on higher timeframes (H1, H4)
⚠️ Important Notice
This indicator requires the XETRA feed for live calculations.
Without it, component prices won’t update in real time, and the accuracy of signals – especially intraday – will be significantly reduced.
Real-time use requires XETRA feed
🧭 Overview
This indicator calculates a custom market breadth index for the German DAX, based on 9 structurally significant stocks.
It reveals internal market strength, detects divergences between price and participation, and serves as a directional filter in discretionary or systematic trading strategies.
🔹 Why these 9 stocks?
The components are selected based on Pareto logic, focusing on:
• Large market capitalization
• High structural influence on the DAX index
• Diversified across sectors (Technology, Industry, Finance, Chemicals)
• Strong correlation with DAX intraday and swing dynamics
Included Stocks:
SAP, Siemens, Allianz, Airbus, Deutsche Telekom, Mercedes-Benz, BASF, Munich Re, Deutsche Bank
📊 What the indicator shows
• Breadth % – % of components closing above previous close
• VWAP Breadth % – % of components above session VWAP
• Volume Thrust – Volume-weighted strength of advancing stocks
• Breadth MA – Smoothed view to capture mid-term trend shifts
• Divergences – Breadth MA vs DAX Price for reversal signals
⚙️ Calculation Logic
The indicator combines three perspectives of internal market behavior:
• Breadth %
→ Measures daily participation
= (Number of advancers / 9) × 100
• VWAP Breadth %
→ Measures intraday bullish strength
= (Stocks above VWAP / 9) × 100
• Volume Thrust
→ Measures volume-weighted conviction
= (Volume of advancing stocks / Total volume) × 100
A configurable MA (EMA/SMA/TEMA) is applied to the Breadth % to smooth noise and detect trend inflection.
Divergence signals occur when Breadth MA contradicts DAX price direction – highlighting internal weakness or strength.
🔍 Use Cases
• Detect local tops or bottoms through Breadth reversal
• Identify early turning points via Breadth/DAX divergence
• Validate or challenge DAX signals from other strategies
• Use as real-time filter in algorithmic or rule-based trading
• Best used on higher timeframes (H1, H4)
⚠️ Important Notice
This indicator requires the XETRA feed for live calculations.
Without it, component prices won’t update in real time, and the accuracy of signals – especially intraday – will be significantly reduced.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.