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Breadth Indicators

NYSE AD Line Positive Divergence Means New High for S&P 500 DJIAI don't usually pay much attention to the NYSE Advance/Decline line, but right now I am. It is doing something very rare. It is creating a positive divergence with the S&P 500 and Dow Jones Industrial Average indexes. If you are not sure what this indicator is, or what positive divergence is, please ask. When the NYSE AD line makes a new high the index tends to follow nearly all of the time. A positive divergence like this has only occurred 5 times in a correction (not including bear markets) since 1940! All 5 times the index has made a new high inside of 5 months, and 4 out of 5 times inside three months. The positive divergence became apparent about three weeks ago...so the signal suggests a new high inside of the next two months for the indexes. If we include bear markets (the big market declines) positive divergences in the NYSE AD line have produced major new swing highs in the index 9 out of 10 times since 1940, although due to the magnitude of the drop the price has to recover from, it typically takes about 6 months for the index to record a new major swing high again (major swing highs are used instead of all-time highs, in this case, because it took nearly 3 decades to fully recover from the 1929 crash). Positive divergence on the AD line (compared to the S&P 500 or Dow) is rare. It has a good track record, so it is worth paying attention to when it occurs. This time could be different. We shall see. Lowry Research has loads of information on the AD line, it's historical significance, and multiple ways to use it. Join my free swing trading community on Facebook. Engage, learn, and share with other traders: www.facebook.com
DJ:DJIEducation
by CoryMitchell-CMT
3
BTCUSD still on an upward trajectory.Guide band range set to = 4 on the weekly chart. LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels. Price needs to stay within the green band shown. If price moves to the upper bound within the green band, it is more likely to come down. If price move to the lower bound within the green band, it is more likely to rebound upwards. If price breaks significantly into the upper red zone above the green band, it is very likely to get strongly rejected downwards (i.e. during the past ATHs). For price to advance higher, the collective LVDT band levels needs to first climb higher first to provide the upward "channel" for sustainable growth. Right now, the LVDT bands looks to be on a healthy steady growth trajectory.
BITSTAMP:BTCUSDLong
by cybernetwork
Nuls (and most altcoins) stuck in downward trend vs. BTC.Using Nuls as an example: since I was considering if I should buy some now, due to my personal interest in its fundamentals. However its chart, like with most other altcoins, look horrible at the moment. Here, the chart shows NULs finding support on top of the thick-green LVDT line on the 3hr chart (note, for BTC, the 3hr, as well as 4hr, and especially the 1D chart works better). However, LVDT guide bands are in an overall downward trend vs. BTC. I will wait till the overall LVDT bands to plateau before I am confident of investing into altcoins again. My indicators used: LIVIDITIUM + 2STDEV-AEONDRIFT {EMA} LVDT guide-bands + 2 level Standard Deviation bands + with a set of detection algorithms implemented. FUSIONGAPS {EMA} ( color fills removed here) Net market Bullish/Bearish state oscillator, with DFG and D2FG indicators implemented. also check out the following accompanying oscillators. DIFFERENTIAL FUSIONGAPS {DFG} = Momentum oscillator DOUBLE-DIFFERENTIAL FUSIONGAPS {D2FG} = Accelerator oscillator Also the FUSIONGAPS{EMA} 50/15-Series = that shows the FG, DFG, and D2FG lines for 50/15 {EMA} {SMA} version also available.
Education
by cybernetwork
You wont regret accumulating NEOGASThis serves as a supplement to: -Hoarding-NEOGAS-speculative-asset-with-towering-reward-risk I would like to hear your thoughts. If you are intrigued by the argument below give us a like/follow! _____________________________ Just a follow up on one of my favourite assets NEOGAS. (CREDIT to Darky999) A few of us in this sub have been discussing / arguing / debating about the NEO vs GAS price. It's been a great set of discussions, and I've been deliberately antagonistic to others in order to really get a passionate debate flowing. And we certainly did that! It meant I was able to hear so many different opinions, and also to test ideas and theories. This culminated in me building a fairly large Excel model to tackle this question I reproduced the 'schedule' of NEO generating GAS - it matches the White Paper's exactly, and I modelled all sorts of scenarios over the next 20-30 years (see below for why). EDIT: HERE IS LINK TO GOOGLE -0.20% SPREADSHEET: docs.google.com I want to share some insights from that exercise, as the model itself is not the point here, it's what you learn from building it, and the dependencies that you observe that you simply cannot observe by just using words alone. You really cannot just say things and begin to understand the subtleties of the NEO/GAS dynamics, believe me, it's much more nuanced that you think. There is no way to model the NEO vs GAS price - lets just be clear on this, right now 99.9% of it is simply speculation. Just like ETH is speculation, hey Crypto is ALL speculation right now. However, if GAS is worth significantly less than NEO then NEO starts to be worth less and less itself, simply because it generates GAS - and it has actual value due to this GAS. ------------------------------------------------------------------------- The thread goes on. I recommend you have a read.
BINANCE:GASUSDLong
by warrenhochfeld
1
BTC [i]low volume[/i] breakout. Will it hold?RSI looking bullish in (1D) chart, but bearish at shorter time-scale charts. Appeared to find support at the 61.8% level of the specific fib-retrace drawn -- where I've used the 6195 USD level as the bottom instead (which was the level that was held in a long painful sideways trend before the massive dump around 14thNov18 all the way down to 3kUSD) and also where the bottom of the long wick on 17thMay19 again very briefly tested before price strongly moved further up. BTC low volume breakout of resistance trendline. Will it hold? FUSIONGAPS {FG} and DIFFERENTIAL FUSIONGAPS {DFG} oscillators looking bullish. There was a 50/15 sma Death Cross on 26Jul. but a reversal (Rev) looks imminent. i.e. the Low Reversal "LoRev" signals have already been triggered at lower time-frames. Because of the low volume breakout of the resistance, will not be in a hurry to buy in. Will instead wait for the "50/15LoRev" to trigger on the (1D) chart in my FUSIONGAPS {FG} oscillator, confirming a significant momentum turnaround; with the price continuing to remain higher than the previous resistance line (and not fall back lower), before making a move. Just my own personal opinion. Not an investment/trading/financial advice.
BITSTAMP:BTCUSDLong
by cybernetwork
1
Market internals - Advance/Decline lineThe Advance/Decline Line or ‘A/D Line’ for short, is the second most important of the internals. This indicator tells us the net sum of advancing stocks minus declining stocks. The A/D Line is expressed: # of Advancing Stocks – # of Declining Stocks There are roughly 3000 stocks listed on the NYSE and 3000 on the NASDAQ. An A/D Line reading of 1,500+ is very bullish and a reading of over 2,000 is extremely bullish. On the flip-side readings of -1500 and below are very bearish and readings below -2,000 are extremely bearish. These extreme readings are indicative of trending days where once the market continues to trend all the way into the close. We look to the A/D Line in conjunction with the Breadth Ratio to confirm these trend days. For example: A day with 2,500 advancing stocks and only 500 declining stocks would yield a net of +2,000 (an extremely bullish reading). It would take a large catalyst to shift the market direction with a reading this bullish. If on the open you continue to see the A/D Line moving +500, +700, +900, this is a sign of market strength. If however, the market is moving higher, but the A/D Line is moving lower, a divergence has occurred and could be a sign of a market turn. It’s important to look to the other market internals for confirmation as one indicator alone is not sufficient to confirm a move.
USI:ADD
by JZ_Trading
4