Docbrown83
Member
Hi guys,
I'm trying to create a market sentiment indicator via Bryan Johnson's work. The following is required:
Market Momentum Indicator
It is the sum of:
• 21 day ema of Nasdaq Up Volume/(Up Volume + Down Volume)
• Russell 2000 closing price / 21 day ema of Russell 2000 closing price Pep Indicator
Pep Indicator is the Market Momentum Indicator subtracting its 8 day ema
How do I go about finding the Nasdaq Up Volume and Down Volume? What ticker if possible?
Thanks.
More information from the power point on his website:
Market Strength Indicator is the sum of four metrics using a 21 day smoothing:
•Nasdaq Advance/decline
•Nasdaq Up/down volume
•Nasdaq New High New Lows
•IWM Price
AND
•25 divided by VIX (halfway between 10 and 40)
•MSI > 4.50 at market tops means a strong market
•MSI > 3.80 at sell signal means a strong market
BEAR MARKET BOTTOM SIGNAL
Market Momentum Indicator (MMI) is the basis for the Pep Indicator
MMI is the sum of two metrics using a 21-day smoothing:
•IWM Price
•NASDAQ Up/Down volume
Pep Indicator is the MMI minus the 8-day ema of the MMI
•At buy signal, Pep Indicator needs to be > 3.8%
http://www.moonrunreport.com/tsunami-indicator
I'm trying to create a market sentiment indicator via Bryan Johnson's work. The following is required:
Market Momentum Indicator
It is the sum of:
• 21 day ema of Nasdaq Up Volume/(Up Volume + Down Volume)
• Russell 2000 closing price / 21 day ema of Russell 2000 closing price Pep Indicator
Pep Indicator is the Market Momentum Indicator subtracting its 8 day ema
How do I go about finding the Nasdaq Up Volume and Down Volume? What ticker if possible?
Thanks.
More information from the power point on his website:
Market Strength Indicator is the sum of four metrics using a 21 day smoothing:
•Nasdaq Advance/decline
•Nasdaq Up/down volume
•Nasdaq New High New Lows
•IWM Price
AND
•25 divided by VIX (halfway between 10 and 40)
•MSI > 4.50 at market tops means a strong market
•MSI > 3.80 at sell signal means a strong market
BEAR MARKET BOTTOM SIGNAL
Market Momentum Indicator (MMI) is the basis for the Pep Indicator
MMI is the sum of two metrics using a 21-day smoothing:
•IWM Price
•NASDAQ Up/Down volume
Pep Indicator is the MMI minus the 8-day ema of the MMI
•At buy signal, Pep Indicator needs to be > 3.8%
http://www.moonrunreport.com/tsunami-indicator