S&P 500 Daily Breadth Monitor Explained
The daily chart updates showcase the power of real-time custom breadth data. The custom breadth data showing in the chart have specific characteristics that can help a trader read the market more efficiently.
Following is a sample of the chart.
Top part of the chart with the green line is the S&P 3-Day Advance Issues.
Bottom part of the chart with the red and yellow lines are the Short Term and Long Term Tick16 Index.
The chart is based on 130-minute timeframe. Thus there are 3 bars per day. All half days are removed as if they are holidays.
The white lines in both parts of the chart are the absolute mid point for the respective data. In real life applications, the mid-point neutral zones cover a band around the white lines.
S&P 500 3-Day Advance Issues
What is it? An article that explains what is S&P 500 3-Day Advance Issues. It is copied from the NeoTicker blog site.
How is it constructed? A link to NeoTicker blog site showing how easy it is to construct the data and have it available in real-time.
The system featured in Futures magazine Link to the downloadable version of the trading system featured in the magazine.
S&P 500 TICK16 Index
What is it? A more detail look into the concept of Tick16. Original article coming from NeoTicker blog site.
How is it constructed? Instructions on how to create the custom breadth index on your computer.
The system featured in Futures magazine Downloadable version of the trading system.