ShadowTrader BREADTHDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line. RATIO LINE thinkScript
ShadowTrader BreadthDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line. Ratio Line
- Allows you to chart the BreadthDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line. Ratio as a line or histogram at the bottom of your breadthDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line. chart
- Be able to compare breadthDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line. ratios between different days at a glance
- Shows the trend of the breadthDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line. ratio intraday or historically
- Includes choice of 14 different ways to plot as line, histogram, arrows, dots, etc.
- See video below for how to insert and customize on your thinkorswim platform
Your thinkScript is in the blue box below. Watch the video on the right for instructions on how to install and customize the BreadthDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line. Ratio Line thinkScript on your thinkorswim platform ————————————————->
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#ShadowTrader (Copyright ShadowTrader), a division of ShadowTrader Technologies, LLC. 2017. All rights reserved. This ShadowTrader Script is for educational purposes only. ShadowTrader is not responsible for the use, functionality or the performance of this Script. This work is copyrighted by ShadowTrader and all rights of this work under the license are reserved. Use of the ShadowTrader licensed code is for private use only and any other use are prohibited. By exercising any of the rights herein, you are accepting the terms of this license. You have a non-exclusive right to use or alter the ShadowTrader code. Use of this ShadowTrader Script other than as provided for in this license is prohibited. Any redistribution is strictly prohibited and will be enforced.
declare lower;
input ShowZeroLine = yes;
def UVOL = close(“$UVOL”);
def DVOL = close(“$DVOL”);
def UVOLQ = close(“$UVOL/Q”);
def DVOLQ = close(“$DVOL/Q”);
#NYSE BreadthDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line. ratio
plot NYSEratio = if (UVOL >= DVOL) then (UVOL / DVOL) else -(DVOL / UVOL);
NYSEratio.AssignValueColor(if NYSEratio > 0 then Color.GREEN else Color.RED);
plot zeroline = if ShowZeroLine then 0 else Double.NaN;
zeroline.AssignValueColor(if NYSEratio > 0 then Color.GREEN else Color.RED);
zeroline.SetLineWeight(1);
zeroline.HideTitle();
zeroline.HideBubble();