ShadowTrader WEIGHTED S&P 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. LINE thinkScript
The latest must have thinkscript to enhance your quad even further. 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. on the S&P is one of the most powerful tools you can have in your arsenal when trying to figure out the intraday direction of the /ES and broad market.
The S&P 500 can only move accordingly with the 11 sectors that make it up. The problem is that these sectors are all weighted differently. This script plots both an unweighted and a weighted A/D line using the 11 sectors and their respective weights. This gives the trader a huge edge in discerning the strength of moves and also knowing when there is positive or negative divergence in heavier versus lighter weighted sectors as the day unfolds.
ShadowTrader Weighted S&P 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. Line
- Plots a weighted S&P A/D line against an unweighted one
- Shows when heavier weighted sectors in S&P are leading or lagging
- Adds another vital layer to internal divergences and confirmations
- Customizable to view plot in 15 different formats (lines, arrows, histogram, dots, etc)
- Includes detailed instructions on how to insert and customize on your thinkorswim platform
$150
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