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Breadth Indicators

Bollinger Bands Bands with Telson T8Indicator idea based on classic Bollinger bands and Telson T8 moving average. The indicator detects Bollinger bands narrowing which should predict a move to a direction, up or down. NOTE: You need to define in the indicator settings ("Percent Narrow") the percentage between the upper and lower bands that would be highlighted. For example: if you set 5%, the indicator will highlight the parts that the upper and lower bands are less than 5% compare the current price (usually close price, but you can define otherwise) Use the Telson T8 to determinate the trend/direction of the move. Telson T8 changes based on if close price is above the T8 (green) or close price is below the T8 (red).
by dman103
SPX RALLY and NYSE ADV-DEC LINE showing MASSIVE DIVERGENCE !Following from my last two posts tonight (see links below) on the Elliot wave counts and divergence with CBOE Total Put-to-Call Ratios. This chart shows as the S&P Cash Index has rallied since the March lows each push upwards is accompanied by weaker and weaker breadth as the NYSE Advance-Decline Line keeps making lower highs. This is NOT the sign of an impulsive move higher about to make all-time-new-highs. In an impulsive move, we expect the 3rd wave to be the strongest most impulsive move with breadth rising as compared to wave 1 and then wave 5 showing a bearish divergence with highs and Advance-Decline making lower highs. Instead we see the strongest Adv-Dec points were early on in the rally and have been getting weaker and weaker as the rally has progressed. Fewer and fewer big tech names are what have been powering the S&P higher with less and less participation by the other S&P components. This is not a sign of a healthy new bull market rally but is a classic symptom of a poor bear market rally. The generals are leading but the soldiers are not following. This indicates the rally has limited time left and I believe its time is possibly up as of today. Cheers! Cyrus See below links to my previous posts tonight.
SP:SPXShort
by cyrusgr8
Stock Market Remains Bullish, Swing Trades AboundThe stock market, as indicated by the S&P 500 and the NYSE Advance-Decline (AD) line, remains strong. The NYSE AD pushed to new highs on June 8, while the S&P 500 remains below its high (February). This has historically been a very reliable indicator that the S&P 500 will also follow through to new highs over the next several months. A quick note on some other indicators (from bottom to top on chart below): -- AD line at new highs (already discussed). -- Market is stabilizing with fewer and fewer 2%+ movement days. Big movement is more characteristic of a bear market, not a bull market. This is one-day Rate of Change ( ROC ). -- Upside volume divided by total volume on the NYSE is constantly hitting 0.8 (80%). That tends to be more common in early stages of a major advance. Then, as the trend progresses, there tends to be more days under 80%. -- 73% of NYSE stocks are above their 50-day moving average (as of July 6 close). That means lots of uptrends and still lots of opportunities for swing trading on the long side.
CME_MINI:ES1!Long
by CoryMitchell-CMT
BTCUSD EMA Ribbion; OBV EMAs & VStopBTCUSD has once again slipped the EMA ribbon on the 12h, as well as a trendline which can now act as resistance. It is very possible that price action will have a failed break out attempt and get rejected by the blue trendline once again as shown by the hammer Further that, the OBV EMAS have crossed all bearish, with the 100 above the 20, above the 10, above the OBV. The OBV has no support from any of the EMAS. In addition, the OBV EMAS are divergent to the previous high, signaling exhaustion from the bulls. This is how bad the OBV situation is with just some simple pattern recognition, on the arithmetic chart. Further that, the new system I am looking at is suggesting a move to the downside as well. on the 12H we should have been short on volatility stops for a while and the 9Seasons rainbow is screaming reversal with red (bear) yellow (resistance) and light green (weak bull). The 9Seasons preponderance is bearish. Volatility stops on the daily have flipped bearish and are well above the trendline that i expect to act as resistance. The 9Seasons rainbow on the daily chart at most timeframes is signalling either strong resistance (yellow) or weak bull (light green). Log chart target settings are either blue falling trendline or black rising trendline. Please review the lined ideas if you want to see similar concepts at play.
COINBASE:BTCUSDShort
by This_Guhy
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