Anyone have a study that counts / calcs IBD distribution days for an index? Looking for something like:
((If todays close < (yesterdays close * .98) and (todays volume > yesterdays volume) (then distribution day)))
And if index rises 5% intraday then distribution day count resets to zero.
In a perfect study place a down arrow on a chert price bar marking the distribution day. AND a label box containing the running total count of distribution days over prior 25 days inclusive.
Open to all / any other enhancements or ideas. Thanks to all.
((If todays close < (yesterdays close * .98) and (todays volume > yesterdays volume) (then distribution day)))
And if index rises 5% intraday then distribution day count resets to zero.
In a perfect study place a down arrow on a chert price bar marking the distribution day. AND a label box containing the running total count of distribution days over prior 25 days inclusive.
Open to all / any other enhancements or ideas. Thanks to all.