This 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...
Momentum is created when a security makes a large move on higher-than-average volume. Momentum shows the rate of change in price movement over a period of time to help investors determine the strength of a trend.
This indicator will create a green spike once price advances 4% and is trading above the 50-day average trading volume. However, if the stock begins to...