Internals

Internals refers to “market internalsA blanket term to collectively describe the advance decline, breadth, 11 S&P sectors, weighted AD,  and iceberg tick More” and is a blanket term to collectively describe the advance declineThe advance decline line for the NYSE or Nasdaq. This is a figure composed of a net sum of the number of advancing stocks minus the number of declining stocks at any given moment in each of the two respective markets., breadthDescribing market breadth in terms of volume for the NYSE or the Nasdaq. This is a figure composed of the net sum of the amount of volume flowing into up stocks minus the amount of volume flowing into down stocks at any given moment in each of the two respective markets. Often the advance decline line is also referred to as “breadth”, but ShadowTrader differentiates between the two by using two separate terms. Generally, the Breadth is more important than the advance decline line., 11 S&P sectors, weighted ADThe Weighted AD is a market internal proprietary indicator created by ShadowTrader that gauges the strength or weakness of intraday moves in the market by plotting both an unweighted and a weighted histogram of how the 11 sectors are performing from the open, affording the user a huge edge in discerning the strength or weakness of moves and also knowing when there is positive or negative divergence in heavier versus lighter sectors as the day unfolds. Get this indicator HERE   More,  and iceberg tickThe Iceberg Tick is a proprietary market internal indicator created by ShadowTrader that paints a visual picture of TICK action on the NYSE, Nasdaq, or various indices as per the user's choice.  The NYSE tick is one of the most powerful short term indicators but is often read improperly by many traders who focus on the absolute value of the tick or extreme readings.  The Iceberg Tick shifts the trader's focus to how much time is being spent above or below zero which is far more important when trying to gauge the strength of an intraday move in the market. Get this indicator HERE More