Market Breadth Indicator (percentage of US stocks above * SMA) For ThinkOrSwim

[MrBear]

Hello,

I was recently introduced to this indicator and was wondering if anyone had something similar to the one in Trading View by ICE MAN RAN. I did not see anything when I searched for it and I am still learning how to code my own thinkscripts

Market Breadth Indicator (percentage of US stocks above * SMA)
Market Breadth Study

 

[MrBear]

Thank you Mobius

# Percent of SPX Stocks Above 50, 100, 200 SMA
# Mobius
# V01

declare lower;

plot "50" = close("$SPXA50R");
     "50".SetDefaultColor(Color.Cyan);
plot "100" = close("$SPXA100R");
     "100".SetDefaultColor(Color.Orange);
plot "200" = close("$SPXA200R");
     "200".SetDefaultColor(Color.Green);
def min = Min("50", Min("100", "200"));
def max = Max("50", Max("100", "200"));
def mid = if("50" != min and "100" != min, "200",
          if("100" != min and "200" != min, "50",
          if("200" != min and "50" != min, "100", double.nan)));
addCloud(min, 0, color.red);
addCloud("50", "100", color.light_green, color.cyan);
addCloud("100", "200", color.pink, color.blue);
AddLabel(1, "Above 50: " + AsPercent("50"), "50".TakeValueColor());
AddLabel(1, "Above 100: " + AsPercent("100"), "100".TakeValueColor());
AddLabel(1, "Above 200: " + AsPercent("200"), "200".TakeValueColor());
# End Code

 

[Cybersloth]

Thanks for posting this, MrBear. As an aside, I've been lobbying TDAmeritrade to provide the Percent of SPX stocks above their 10 and 20 day moving averages as well. If anyone else here wants those, please write to them requesting the additions. Does anyone know of a workaround to obtain the percent of SPX stocks above their 10 and/or 20-day moving averages on TOS?

 

[ulle73]

Thanks for posting this, MrBear. As an aside, I've been lobbying TDAmeritrade to provide the Percent of SPX stocks above their 10 and 20 day moving averages as well. If anyone else here wants those, please write to them requesting the additions. Does anyone know of a workaround to obtain the percent of SPX stocks above their 10 and/or 20-day moving averages on TOS?

AGREED! want to have 5, 10 and 20 as well. I think 20 is the most important for trading.

 

[Mike]

AGREED! want to have 5, 10 and 20 as well. I think 20 is the most important for trading.

AGREED!

 

[ulle73]

AGREED!

Write to TOS support and ask them to creat it. They replied they have had that question before. And the more that asks for it the more likely they Will make it

 

[mbrennan5]

I went ahead and sent an email to [email protected] requesting they implement $SPXA20R, $SPXA10R and $SPXA5R