TradiKator 03 All Market Breadth ( allMB 03 by TK )is a visual indicator that plots All NA Market Breadth ( the percentage securities for all North American main stock exchange index's that is above a certain SMA line ). Market breadth indicates the wave-induced motion of the whole market.
Q&A
Function and Setting 1. 15 index and 1 avg. or sum.
CADTSX = CANANDA TSX S&P100 = S&P MEGA CAP 100 S&P500 = S&P LARGE CAP 500 *including S&P100 S&P400 = S&P MIDDLE CAP 400 S&P600 = S&P SMALL CAP 400 SP1500 = S&P 1500 * = S&P500 + S&P400 + S&P600 S&PESG = S&P ESG NDX100 = NASDAQ 100 NDXCOM = NASDAQ COMPOSITE RU2000 = RUSSELL 1000 * LARGE and MIDDLE CAP RU2000 = RUSSELL 2000 * SMALL CAP RU3000 = RUSSELL 3000 * = RUSSELL 1000 + RUSSELL 2000 DJIA30 = DOW JONES INDUSTRIAL AVERAGE 30 DJTA20 = DOW JONES TRANSPORTATION AVERAGE 20 DJUA15 = DOW JONES UTILITY AVERAGE 15 DJCA65 = DOW JONES COMPOSITE AVERAGE 65 *= DJIA30 + DJTA20 + DJUA15
You can open this indicator by multi times to check the different settings with "above ? SMA" in same time like the picture shows "above 50 days , above 20 days and above 20 days plot in lines" Also, it is possible to combine this indicator with multiple setting to give the sum of the different "above? SMA"'s the result.
2. 6 choices for above ? SMA Above 5 days, Above 20 days, Above 50 days, Above 100 days, Above 150 days or Above 200 days,
3. 2 methods to visualize the study result Colorful grid, Green = more securities above ? SMA , Red = more securities below ? SMA Line plot, High = more securities above ? SMA , Low = more securities below ? SMA