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40 Market Breadth
This is a Market Breadth Indicator designed to track how many stocks within a specific group (in this case, 40 Thai stocks from the SET index) are trading above or below a chosen Moving Average.
It’s essentially a "health check" for a sector or index: if most stocks are above their MA, the trend is broad and strong; if only a few are, the market might be fragile.
This Pine Script is a Market Breadth Indicator designed to track how many stocks within a specific group (in this case, 40 Thai stocks from the SET index) are trading above or below a chosen Moving Average.
It’s essentially a "health check" for a sector or index: if most stocks are above their MA, the trend is broad and strong; if only a few are, the market might be fragile.
Core Functions
Customizable Symbol List: It takes a list of up to 40 stock tickers (defaulting to major Thai stocks like ADVANC, AOT, PTT).
Breadth Calculation: It checks the price of every stock in that list against a Moving Average (SMA or EMA).
Visual Output:
Green Line: Number of stocks trading above the MA.
Red Line: Number of stocks trading below the MA.
50% Line: A baseline to see if the majority (bullish) or minority (bearish) are performing well.
It’s essentially a "health check" for a sector or index: if most stocks are above their MA, the trend is broad and strong; if only a few are, the market might be fragile.
This Pine Script is a Market Breadth Indicator designed to track how many stocks within a specific group (in this case, 40 Thai stocks from the SET index) are trading above or below a chosen Moving Average.
It’s essentially a "health check" for a sector or index: if most stocks are above their MA, the trend is broad and strong; if only a few are, the market might be fragile.
Core Functions
Customizable Symbol List: It takes a list of up to 40 stock tickers (defaulting to major Thai stocks like ADVANC, AOT, PTT).
Breadth Calculation: It checks the price of every stock in that list against a Moving Average (SMA or EMA).
Visual Output:
Green Line: Number of stocks trading above the MA.
Red Line: Number of stocks trading below the MA.
50% Line: A baseline to see if the majority (bullish) or minority (bearish) are performing well.
نص برمجي محمي
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.