NASI +The NASI + indicator is an advanced adaptation of the classic McClellan Oscillator, a tool widely used to gauge market breadth. It calculates the McClellan Oscillator by measuring the difference between the 19-day and 39-day EMAs of net advancing issues, which are optionally adjusted to account for the relative strength of advancing vs. declining stocks.
To enhance this analysis, NASI + applies the Relative Strength Index (RSI) to the cumulative McClellan Oscillator values, generating a unique momentum-based view of market breadth. Additionally, two extra EMAs—a 10-day and a 4-day EMA—are applied to the RSI, providing further refinement to signals for overbought and oversold conditions.
With NASI +, users benefit from:
-A deeper analysis of market momentum through cumulative breadth data.
-Enhanced sensitivity to trend shifts with the applied RSI and dual EMAs.
-Clear visual cues for overbought and oversold conditions, aiding in intuitive signal identification.
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Range Tightening Indicator (RTI)The Range Tightening Indicator (RTI) quantifies price volatility relative to recent price action, helping traders identify low-volatility consolidations that often precede breakouts.
Range Tightening is calculated by measuring the range between each bar’s high and low prices over a chosen lookback period.
A 5-bar period is recommended for shorter-term momentum setups and a 15-bar period is recommended for swing trading. An option for a custom period is available to suit specific strategies. The default look back for custom is 50, ideal for longer term traders.
Other Key Features:
Dynamic Color Coding: The RTI line turns green when volatility doubles after a drop to or below 20, flagging significant volatility shifts commonly seen before breakouts.
Low-Volatility Dots: Orange dots appear on the RTI line when two or more consecutive bars show RTI values below 20, visually marking extended low-volatility periods.
Volatility Zones: Shaded zones provide quick context:
Zone 1 (0-5): Extremely tight volatility, shown in red.
Zone 2 (5-10): Low volatility, shown in light green.
Zone 3 (10-15): Moderate low volatility, shown in green.
The RTI indicator is ideal for traders looking to anticipate breakout conditions, with features that highlight consolidation phases, support momentum strategies, and help improve entry timing by focusing on shifts in volatility.
This indicator was inspired after Deepvue's RMV Indicator, but uses a different calculation. Results may vary.
Growth TrendThis powerful indicator plots the number of growth stocks in an uptrend, providing a comprehensive view of the market's overall direction. By applying a simple moving average, users can quickly gauge the trend and make informed trading decisions.
How does it work?
The script pulls tickers from the S & P 500 Growth ETF. It then plots the number of stocks from the ETF that are trending above a medium-term Moving Average, signaling an uptrend.
A moving average is applied to help understand the trend.
The background is shaded when 3 or more consecutive days are above (green) or below (red) the moving average.
Key Features:
Visual Trend Identification: The indicator shades the background green when three or more consecutive days are above the moving average, indicating a strong uptrend. Conversely, it shades red when three consecutive days are below the moving average, signaling a downtrend.
Breakout Insights: By tracking the trend, traders can identify when breakouts in growth stocks are more likely to occur or fail. This helps traders time their entries and exits more effectively.
Trend Strength Assessment: The indicator provides a quick visual assessment of the trend's strength, enabling traders to adjust their strategies accordingly.
Why is this indicator helpful?
Improved Trading Decisions: By understanding the overall trend and strength of growth stocks, traders can make more informed decisions about when to buy or sell.
Enhanced Risk Management: The indicator helps traders identify potential trend reversals, enabling them to adjust their positions and manage risk more effectively.
Market Insights: The Growth Stock Trend Indicator provides a valuable perspective on the market's overall direction, helping traders stay ahead of the curve.
By incorporating this indicator into their trading strategy, traders can gain a competitive edge and make more informed decisions in the growth stock market.
