The Hui-Heubel Liquidity Ratio (lhh) is a measurement of market resiliency and liquidity. Higher values indicate a more liquid and resilient market, lower values indicate a more fragile market susceptible to volatile moves. It does not work on all tickers (for example, if something does not report volume).
Generally, you will see lhh rise when stocks sell off...
Strong banker control:
1. OBV(blue line) always above OBV MA20(orange line);
2. OBV MA20 pointed upward; and
3. close to All time high OBV(purple line).
Weak banker control
1. OBV pointed downward; and
2. OBV cross under OBV MA20.
Do not trade if OBV crossed under OBV MA40(green).
When OBV crosses under OBV MA20 and OBV MA40, both will turn red....
The XLY Chart if TESLA and Amazon are removed. This indicator shows what the XLY value would be (hypothetically) if you could remove Tesla and Amazon from the price.
Intraday Intensity Index was created by David Bostian and its use was later featured by John Bollinger in his book "Bollinger on Bollinger Bands" . It is categorically a volume indicator and considered to be a useful tool for analyzing supply and demand dynamics in the market. By measuring the level of buying and selling pressure within a given trading session it...
Tick Weighted Average Price
"TiWAP" is an indicator that tracks the NYSE TICK by default and plots weighted average price on the charted security based only off of extreme TICK movement. NASDAQ TICK is also supported and future updates may add others if they provide value, or if requested.
What makes this different?
Quite simply there isn't another indicator...
Tick Levels
This indicator is designed to be a companion to "MIT" .
It tracks the NYSE TICK by default and plots key levels on the charted security based off of extreme TICK movement. NASDAQ TICK is also supported and future updates may add others if they provide value, or if requested.
What makes this different?
Quite simply there isn't another indicator...
Using the Index Strength Strategy Indicator for Trading
Introduction:
In this article, we'll explore the Index Strength Strategy Indicator and how it can be used for trading. The Index Strength Strategy Indicator is a technical analysis tool designed to help traders identify trends, determine trend strength, and generate buy and sell signals.
Overview of...
Knowing the levels where price might find support or resistance is critical in trading. These are the levels where buyer or sellers previously showed up.
A bull trend is recognized by higher highs and higher lows on a daily or weekly chart whereas a bear trend is recognized by lower highs and lower lows. Knowing where these daily and weekly levels are will help...
Fellow Merval investors/traders , I'm sharing this script with you that allows you to calculate a breadth indicator using the components of the Merval Index (IMV) from Argentina.
This breadth indicator shows the percentage of stocks that are above a moving average. In this case, you can choose between an EMA or SMA, and you can select the period of the moving...
First, the credit for the original script to plot a High and Low between a certain time goes to developer paaax.
I took that idea, converted it to Pinescript V5, cleaned up the code, and added a few more lines so you can plot different levels based on time of day.
Published open source like the original.
The example shown has:
Blue - plotting from the start of...
This indicator tracks USI:ADD , USI:TICK , USI:VOLD on the chart while sharing the same space. This allows you to watch these important indicators without the need to give up separate dedicated space for each of them.
USI:ADD is the number of NYSE stocks advancing vs declining
USI:TICK is the number NYSE stocks trading on an uptick vs downtick
USI:VOLD ...
Readings for VOLD Market Breadth. Gives readings based upon the ratio of VOLD. Will give a No Trend, Potential Trend, and Trend reading for either direction depending on the data.
MIT - Market Internal Trend
I've developed what I consider to be the best market internals, market breadth indicator on Trading View to date :)
Market internals (sometimes referred to as Market Breadth) are built-in indicators of the market, there are the following main indicators:
TICK - Uptick or downtick transaction of market (NYSE/NASDAQ)
ADD -...
Summary : Market price is simply a dance of liquidity to the specific market.
tl;dr: "Cash come-in, market moon; Cash go-out, market doom"
In Simple Language : Large changes in the money flow to an asset often mark local price extremia.
Academic paper:
Title: Z-Score(Slope(OBV)): An Efficient Indicator for Identifying Local Extremes in Asset Prices...
This is a market internal TICK heatmap with the intent of displaying areas of price associated to stronger reactions with NYSE TICK (by default).
This code is based off of a variation of a Volume Profile coded originally by colejustice who originally used code from LuxAlgo . The full-width volume bars that colejustice setup were replaced with full-width bars...
This script shows On-Balance Volume adjusted for volume weighted candle body size.
This means that the wick lengths, body length, and sell/buy pressure are calculated into percentages of volume that contributed to each.
The body volume is the accumulatively tracked across candles to give a more accurate On-Balance Volume that has been traded to achieve the...
OBV is a technical indicator used to observe changes in volume. Traditional OBV calculate all historical volume, it makes the OBV being usually higher than 0.
What I think of this is that calculating volume for a period of time is more useful than all historical volume.
So I made some adjustments to the OBV Period, only calculating the volume from the past 120...
- The script shows the distance in percentages from the 200 MA (or any other MA period) , for the 11 SP500 sectors.
- It works based on the current time frames.
Could be useful when working with mean reversion strategies to detect extremes zones and overbought/oversold conditions in the given sectors compared others.
![XLF: [TT] Sectors Dist % From MA](https://s3.tradingview.com/z/zmrAwEtb_mid.png "[TT] Sectors Dist % From MA")
