Jump to content
  • 1

Market Breadth and UP/Down volume


Guest backwardation

Question

Guest backwardation

Hello, I'm looking for a market breadth indicator for indices.  It is simply computed on a stock market by taking the ratio of the number of advancing stocks to declining stocks.  Looks like this: 

 

 

I'm also looking for an UP/Down volume indicator that shows the volume of long to short.  Its useful in identifying reversals.  This would only work for instruments with real volume not tick volume.  Looks like this:

Do we have anything similar on IG's platform or on PRT?   

Link to comment

11 answers to this question

Recommended Posts

  • 0
9 minutes ago, backwardation said:

Hello, I'm looking for a market breadth indicator for indices.  It is simply computed on a stock market by taking the ratio of the number of advancing stocks to declining stocks.  Looks like this: 

One of the best market breadth indicators is Advance Decline which comes as either a line or ratio, see pic below.

image.thumb.png.04c4148fc9e6b6f1e31546cbd6108105.png

Link to comment
  • 0
19 minutes ago, backwardation said:

@Caseynotes I Found this bull/bear volume indicator for ProRealTime.  I haven't used it yet, but it seems nice. https://www.prorealcode.com/prorealtime-indicators/bear-bull-volume-indicator/ 

 

 

@dmedin  you should take a look at this, so instead of the volume bar being coloured by whether there were more long or short contracts (maybe a lot, may be just a few) there is an actual breakdown of the amount of long or short.

image.thumb.png.b43b98533c20a7eb8fcc65162e436389.png

  • Like 1
Link to comment
  • 0
1 hour ago, Caseynotes said:

 

@dmedin  you should take a look at this, so instead of the volume bar being coloured by whether there were more long or short contracts (maybe a lot, may be just a few) there is an actual breakdown of the amount of long or short.

image.thumb.png.b43b98533c20a7eb8fcc65162e436389.png

 

 

This is really handy.  I've got it added to PRT.  👍

Link to comment
  • 0
Guest backwardation

I've been playing with it for the past few hours.  It's very impressive and helpful.  I still can't decide if the moving average crossovers are valuable, but the dual colored bars definitely do give an edge.

Edited by backwardation
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,178
    • Total Posts
      90,701
    • Total Members
      41,286
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Afi
    Joined 29/01/23 11:39
  • Posts

    • Does anybody know the BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) equivalent with a GBP currency hedge? I want the interest yield but I don't want the currency risk.
    • Capital, win loss ratio. If you have a trading edge and you can consistently win 50% of your trades, so your winning 5 trades out of 10. So if your risking 1% of your capital per trade, out of your 10 trades 5 would be losers, so that’s 5% loss and realistically out of the 5 winning trades, some would make small profits, some break even and 1, 2 or 3 could run nicely IF you can let your profits run, basically your making money out of 2 trades out of the 10 trades (80/20 Rule Pareto principle) So a $20,000 acct risking 1% is $200 per trade, this will keep the trader with his trade risk based on being able to win 50% of his trades. A long term trend trader can win with 30% wining trade. Basically you need to know your numbers. Rgds Pete
    • Investing in stocks can be a great way to grow your wealth over time. However, there are different approaches that investors can take when choosing which stocks to buy. Two of the most popular approaches are growth investing and value investing. Growth Investing Growth investing is an investment strategy that focuses on buying stocks of companies that are expected to grow at a faster rate than the overall market. These companies are often in industries that are growing quickly, such as technology or healthcare. Investors who use this approach believe that these companies will be able to generate higher profits in the future, which will lead to higher stock prices. One of the main advantages of growth investing is that it can potentially provide higher returns than the overall market. However, it is also riskier than other investment strategies, as these companies often have higher valuations and more volatile stock prices. Value Investing Value investing is an investment strategy that focuses on buying stocks of companies that are undervalued by the market. These companies may be in industries that are out of favour or have recently experienced challenges, but they have strong fundamentals and a history of profitability. Investors who use this approach believe that these companies are undervalued and that their true value will be recognized in the future, leading to higher stock prices. One of the main advantages of value investing is that it can potentially provide lower risk than growth investing. However, it may also provide lower returns in the long run, as these companies may not have the same growth potential as companies in the growth investing category. Comparing Growth and Value Investing Growth and value investing are two different approaches to stock investing, each with its own advantages and disadvantages. Growth investing can potentially provide higher returns but is riskier, while value investing can provide lower risk but potentially lower returns. An investor may choose one approach or a combination of both. A portfolio that contains a mix of growth and value stocks can provide a balance of potential returns and risk. Conclusion Both growth investing and value investing can be effective ways to invest in stocks. The key is to understand the potential risks and rewards of each approach and to choose the one that aligns with your investment goals and risk tolerance. Analyst Peter Mathers TradingLounge™ 
×
×
  • Create New...