DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. This is a breadth indicator. STO is designed to be calculated using either issues or volume, I will post a follow up indicator that makes use of volume.
You can read about the interpretation of the signals (& gotchas) in the link below.
I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom advancing/declining mkt symbols too.
Can you please explain in brief what your indicator indicates ?
The link you provided is broken. I am curious because it seems accurate.
carefulPaella26200
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@p699, For those who still use this: The inputs for the DecisionPoint Breadth Swenlin Trading Oscillator are: Style: This input determines whether the indicator is calculated using issues or volume. A value of 0 means that the indicator is calculated using issues. A value of 1 means that the indicator is calculated using volume. Visibility: This input determines whether the indicator is visible on the chart. A value of 1 means that the indicator is visible. A value of 0 means that the indicator is not visible. Market: This input determines the market that the indicator is calculated for. The available options are: AMEX/NASD/NYSE (Combined) NYSE NASDAQ AMEX CUSTOM CUSTOM: Advancing Stocks Symbol: This input is used when the Market input is set to CUSTOM. It specifies the symbol of the advancing stocks that will be used to calculate the indicator. CUSTOM: Declining Stocks Symbol: This input is used when the Market input is set to CUSTOM. It specifies the symbol of the declining stocks that will be used to calculate the indicator. Here is an example of how to use the DecisionPoint Breadth Swenlin Trading Oscillator:
Set the Style input to 0 to calculate the indicator using issues. Set the Visibility input to 1 to make the indicator visible on the chart. Set the Market input to AMEX/NASD/NYSE (Combined) to calculate the indicator for the combined AMEX, NASDAQ, and NYSE markets. Leave the CUSTOM: Advancing St When selecting 0 for the Style input on the DecisionPoint Breadth Swenlin Trading Oscillator, the indicator is calculated using issues. Issues refer to the number of advancing and declining stocks in the market.
An advancing issue is a stock that has closed higher than its previous close. A declining issue is a stock that has closed lower than its previous close.
The DecisionPoint Breadth Swenlin Trading Oscillator compares the number of advancing issues to the number of declining issues over a specified period of time. When the number of advancing issues is greater than the number of declining issues, the indicator is positive. When the number of declining issues is greater than the number of advancing issues, the indicator is negative.
The indicator is designed to be used as a breadth indicator, which means that it can be used to measure the overall strength or weakness of the market. A positive indicator suggests that the market is strong, while a negative indicator suggests that the market is weak.
The indicator can also be used to generate trading signals. For example, a buy signal can be generated when the indicator crosses above its moving average. A sell signal can be generated when the indicator crosses below its moving average.
amoljoshi21
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Hey how can I get Support Resistance Indicator..? lb-srlevels
drenwah
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LazyBear,
When refreshing the screen after some time, the indicator seems to change. Is there a lag or re-paint of some kind?
mranjith666
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LB_ RSRL indicator detail please
syed_hani
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its not working
A-shot
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What is that indicator on the chart, i cant see it behind the buttons
The link you provided is broken. I am curious because it seems accurate.