This Indicator will plot the percent of stocks above key moving averages. This is a good way to monitor market breadth and help determine when the market is Overbought or Oversold.
Awesome script! I modified it to add 5-days as well as a feature to overlay 2 moving averages. I've found the moving-average cross to be a potentially valuable trading indicator.
I don't want to re-release your code for these trivial changes. Here is the addition of 5-days, that you might consider releasing.
@cajole, Hello, just wondering what do MMTH, NCOF and so on stand for? Thank you for your help!
cajole
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@NIFTY_TRADES, they are custom "tickers" from BarChart.com. I learned this by emailing TV support, because there's no info given here! As far as I know, only BarChart.com and TC2000 provide any information like this.
These tickers tend to correlate with measurements of Advances for short intervals, by the way.
I don't want to re-release your code for these trivial changes. Here is the addition of 5-days, that you might consider releasing.