Indexanalysis

Weighted NIFTY 5D Directional Breadth Overview This indicator measures market participation quality within the NIFTY index by tracking how many heavily-weighted stocks are contributing to index direction over a rolling 5-day period. Instead of counting simple up/down closes, it evaluates directional momentum × index weight, making it far more reliable for identifying narrow leadership, distribution, and late-stage rallies. Why this indicator matters Indexes can continue making higher highs even when only a few large stocks are doing the lifting. This tool reveals what price alone hides: Whether participation is broad or narrowing When index highs are being driven by fewer contributors Early warnings of fragility before corrections How it works Each selected NIFTY stock is assigned a weight approximating index influence The indicator checks whether each stock is up or down versus its 5-day close Directional signals are weighted and aggregated The result is a single breadth line reflecting true contribution strength Positive values → weighted participation is supportive Negative values → weighted drag beneath the index How to interpret Index Higher High + Indicator Lower High → Narrow leadership, distribution risk Indicator turns down before price → Early loss of momentum Sustained positive readings → Healthy, broad participation Sustained negative readings → Market weakness beneath the surface This is not a buy/sell signal, but a context and risk-assessment tool. Best use cases Identifying late-stage rallies Confirming or rejecting breakouts Risk management for index trades Combining with price structure or momentum indicators Notes Designed for Daily and higher timeframes Uses non-repainting logic Best used alongside price action and structure Disclaimer This indicator is intended for educational and analytical purposes only. It does not provide financial advice or trade recommendations.

Indicator

by ImpulseBull

Autocorrelation Price Forecasting [The Quant Science]Discover how to predict future price movements using autocorrelation and linear regression models to identify potential trading opportunities. An advanced model to predict future price movements using autocorrelation and linear regression. This script helps identify recurring market cycles and calculates potential gains, with clear visual signals for quick and informed decisions. Main function This script leverages an autocorrelation model to estimate the future price of an asset based on historical price relationships. It also integrates linear regression on percentage returns to provide more accurate predictions of price movements. Insights types 1) Red label on a green candle: Bearish forecast and swing trading opportunity. 2) Red label on a red candle: Bearish forecast and trend-following opportunity. 3) Green label on a red candle: Bullish forecast and swing trading opportunity. 4) Green label on a green candle: Bullish forecast and trend-following opportunity. IMPORTANT! The indicator displays a future price forecast. When negative, it estimates a future price drop. When positive, it estimates a future price increase. Key Features Customizable inputs Analysis Length: number of historical bars used for autocorrelation calculation. Adjustable between 1 and 200. Forecast Colors: customize colors for bullish and bearish signals. Visual insights Labels: hypothetical gains or losses are displayed as labels above or below the bars. Dynamic coloring: bullish (green) and bearish (red) signals are highlighted directly on the chart. Forecast line: A continuous line is plotted to represent the estimated future price values. Practical applications Short-term Trading: identify repetitive market cycles to anticipate future movements. Visual Decision-making: colored signals and labels make it easier to visualize potential profit or loss for each trade. Advanced Customization: adjust the data length and colors to tailor the indicator to your strategies. Limitations Prediction price models have some limitations. Trading decisions should be made with caution, considering additional market factors and risk management strategies.

Indicator

by thequantscience

Relative Strength and Momentum Relative Strength and Momentum Indicator Unlock deeper market insights with the Relative Strength and Momentum Indicator—a powerful tool designed to help traders and investors identify the strongest stocks and sectors based on relative performance. This custom indicator displays essential information on relative strength and momentum for up to 15 different symbols, compared against a benchmark index, all within a clear and organized table format. Key Features: 1. Customizable Inputs: Choose up to 15 symbols to compare, along with a benchmark index, allowing you to tailor the indicator to your trading strategy. The 'Lookback Period' input defines how many weeks of data are analyzed for relative strength and momentum. 2. Relative Strength Calculation: For each selected symbol, the indicator calculates the Relative Strength (RS) against the chosen benchmark. This RS is further refined using an exponential moving average (EMA) to smooth the results, providing a more stable trend overview. 3. Momentum Analysis: Momentum is determined by analyzing the rate of change in relative strength. The indicator calculates a momentum rank for each symbol, based on its relative strength’s improvement or deterioration. 4. Percentile Ranking System: Each symbol is assigned a percentile rank (from 1 to 100) based on its relative strength compared to the others. Similarly, momentum rankings are also assigned from 1 to 100, offering a clear understanding of which assets are outperforming or underperforming. 5. Visual Indicators: a. Green: Signals improving or stable relative strength and momentum. b. Red: Indicates declining relative strength or momentum. c. Aqua: Highlights symbols performing well on both relative strength and momentum—ideal candidates for further analysis. 6. Two Clear Tables: a. Relative Strength Rank Table: Displays weekly rankings of relative strength for each symbol. b. Momentum Table: Shows momentum trends, helping you identify which symbols are gaining or losing strength. 7. Color-Coded for Easy Analysis: The tables are color-coded to make analysis quick and straightforward. A green color means the symbol is performing well in terms of relative strength or momentum, while red indicates weaker performance. Aqua marks symbols that are excelling in both areas. Use Case: a. Sector Comparison: Identify which sectors or indexes are showing both relative strength and momentum to pick high-potential stocks. This allows you to align with broader market trends for improved trade entries. b. Stock Selection: Quickly compare symbols within the same sector to find the stronger performers.

Indicator

by PrasadJoshi12

Plot background depending on Index EMA 10 and EMA 20 This indicator gives the user an easy way to check the conditions of the market. Up market should be good for breakout traders. Down market should be good for breakdown shortsellers The others should be good for pullback buyers. This script automaticlly check which index should be used for the depending on which ticker is view. If no match is found indicator will use IXIC as reference. The script works for Nordic and US stocks. "OMXSPI" "OBX" "OMXSPI" "OMXHPI" "OMXCPI" "IXIC" It then alculated the EMA10 and EMA20 for the index and plots the background depending on 6 differnet conditions. EMA10 below EMA20 and EMA10 and EMA20 is sloping down. //Down market EMA10 above EMA20 and EMA10 and EMA20 is sloping up. //Up market EMA10 below EMA20 and EMA10 sloping up and EMA20 is sloping down. //First indication by market to move up EMA10 above EMA20 and EMA10 sloping down and EMA20 is sloping up. //First indication by market to move down EMA10 below EMA20 and EMA10 sloping up and EMA20 is sloping up. //Possible MA cross over EMA10 below EMA20 and EMA10 sloping down and EMA20 is sloping down. //Possible MA cross over

Indicator

by MrMoneyMaker81

Ticker vs Index I was exploring a simple idea how I can visualize the ticker performance against the underlying Index (or any other ticker) performance. how it works: When the line is moving up (blue zone), the ticker is performing better than the underlying index (e.g. SPX)(configurable). When the line is moving down (red zone), the ticker is performing worse than the underlying index. How to use it: Use as confirmation always in conjunction with other (main) indicators, avoid "buy" when indicator is in the red zone Also, crossing over the zero line is often an indication for an upcoming upward move Try to different SMA length - default is 20 but 10 was often showing better results (No financial advise, for testing purposes only)

Indicator

by Lantzwat

world stage index This is an indicator that expresses the ratio of "stage1" and "stage4" of world index. 40 symbols are as follows (JAPAN, US, EUROPE, and CANADA) OSE:NK2251!, DJ:DJI, NASDAQ:IXIC, SP:SPX, XETR:DAX, TVC:CAC40, TVC:UKX, TSX:TSX (ASIA) TVC:SHCOMP, SZSE:399001, TVC:HSI, TWSE:TAIEX, BSE:SENSEX, OANDA:SG30SGD, INDEX:KSI, SET:SET (EUROPE) INDEX:SX5E, INDEX:FTSEMIB, SIX:SMI, BME:IBC, EURONEXT:BEL20, TVC:AEX, OMXCOP:OMXC25, XETR:0Q5X (Pacific Ocean) ASX:XJO, TVC:NZ50G, IDX:COMPOSITE, FTSEMYX:FBMKLCI, BMFBOVESPA:IBOV, BMV:ME, BVL:SPBLPGPT, BYMA:IMV (Eastern Europe & Middle East) MOEX:IMOEX, GPW:WIG20, OMXHEX:OMXH25, OMXSTO:OMXS30, DFM:DFMGI, TADAWUL:TASI, OSE:GNRI, EGX:EGX30 The criteria are as follows: EMA5≧EMA20≧EMA40 : Stage1 EMA5≦EMA20≦EMA40 : Stage4 A.The sum of Stage1 was multiplied by 2.5 and drawn on a scale of 0 to 100, with yellow area B.The Sum of Stage4 was multiplied by 2.5 and drawn on a scale of 0 to 100, with blue area. C. The ratio of A/B was multiplied by 2.5 and drawn on a scale of 0 to 100, with red lines. This idea is from Kojirou Kousi. 40 symbols of this script are partially different from Kojiro kousi's idea. But he said the difference isn't matter. 「小次郎講師指数」に着想を得た、世界40カ国の株価指数stage状態です。参考文献は、小次郎講師著書「世界一わかりやすい投資の勝ち方」です。小次郎講師とは一部異なるシンボルを採用していますが、多少の違いは余り大した問題では無いと御本人から教わった事があります。先進国に関してはおそらくほとんど同じだと思います。 stage1の合計の%を黄色、stage4の合計の%を青色、stage1の合計/stage4の合計の%を赤で表示しています。雰囲気で分かればいいので、正確な数字までは表示しませんでした。個人的には現状分析以外にも、プラクティス時に世界情勢を把握するのに重宝しています。

Indicator

by trader_aaa111