This is a very powerful index to guage the market breadth of an index. By default it is configured for the top 18 stocks of Nifty.
This indicator calculates the momentum (RSI) of the no. of stocks above and below MA difference. Divergence of shorter momentum with price gives reversal caution. Crossing of shorter momentum over / under longer momentum provides a bullish stance / bearish stance.
It also has a MACD of no. the stocks above and below MA difference.
As usual it is better to use this indicator along with other indicators.
הערות שחרור
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By default, Number of stocks above 20 MA line is plotted for Nifty top 18 constituents comprising more than 90% of the index. Has features to change the Moving average to any number. Has provisions to manually enter the stock as well. This is a very effective market breadth indicator for Nifty Stocks. GoodLuck.
Sir thanx for all the pivot boss indicator..can you plz suggest any free volume profile indicator in tradingview
Tejas_5
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@scorpiomanoj 16 and 19th April 21, 1st &5th Oct 20, 3rd & 4th Feb 20 Banknifty 1 day tf..
Please check and guide..
Tejas_5
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@scorpiomanoj ... Is it correct that when red line/MAMB_momentum_ema line is trying to cross below 50 of Threshold then on that day Market will open Gapup/Gap down and mostly tries to close in green... trying on 1 day timeframe
nikunjkhemka
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Dear Sir,
We can also add resolution so we can check higher timeframe strength in live market on lower time frame.