Charting Market Breadth Indicators

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revision Previous revision
sharpcharts:breadth_chart_types [2019/07/16 20:29]
betseyp
sharpcharts:breadth_chart_types [2019/09/06 23:19]
betseyp
Line 5: Line 5:
 {{:​sharpcharts:​breadthraw.png}} {{:​sharpcharts:​breadthraw.png}}
  
-The chart above shows S&P 500 [[cs>market_indicators:​ad_percent|net advances expressed as a percentage]] ($SPXADP). It oscillates above and below the zero line, within the range of +100% to -100%. ​+The chart above shows S&P 500 [[https://​school.stockcharts.com/​doku.php?​id=market_indicators:​ad_percent|net advances expressed as a percentage]] ($SPXADP). It oscillates above and below the zero line, within the range of +100% to -100%. ​
  
 You can see from the chart that the values change wildly from day to day, making for a very erratic chart. Using the horizontal lines we've added to the chart, we can still spot the big moves that exceed +80% or -80%, but it is difficult to determine what is happening in between these levels. You can see from the chart that the values change wildly from day to day, making for a very erratic chart. Using the horizontal lines we've added to the chart, we can still spot the big moves that exceed +80% or -80%, but it is difficult to determine what is happening in between these levels.
Line 40: Line 40:
 Note: the absolute values for an indicator plotted in cumulative mode are irrelevant, changing based on where the calculation is started for each chart. Users should disregard the scale on the right side of cumulative charts, and just focus on the characteristics of the line plot. Namely, determine the trend and compare it to price action in the underlying index. Note: the absolute values for an indicator plotted in cumulative mode are irrelevant, changing based on where the calculation is started for each chart. Users should disregard the scale on the right side of cumulative charts, and just focus on the characteristics of the line plot. Namely, determine the trend and compare it to price action in the underlying index.
  
-The Cumulative chart type is typically used to create the [[cs>market_indicators:​ad_line|AD Line]] indicator from the Net Advances Indicator, the [[cs>market_indicators:​ad_vol_line|AD Volume Line]] from the Net Advancing Volume Indicator, and so forth. While it is possible to plot any ticker symbol using the Cumulative chart type, the chart will not provide any useful information when used with securities where the value is always positive. The real usefulness of this chart type is in plotting securities where the values fluctuate above and below zero. +The Cumulative chart type is typically used to create the [[https://​school.stockcharts.com/​doku.php?​id=market_indicators:​ad_line|AD Line]] indicator from the Net Advances Indicator, the [[https://​school.stockcharts.com/​doku.php?​id=market_indicators:​ad_vol_line|AD Volume Line]] from the Net Advancing Volume Indicator, and so forth. While it is possible to plot any ticker symbol using the Cumulative chart type, the chart will not provide any useful information when used with securities where the value is always positive. The real usefulness of this chart type is in plotting securities where the values fluctuate above and below zero. 
  
 ===== Invisible Chart Type ===== ===== Invisible Chart Type =====
Line 69: Line 69:
 {{:​sharpcharts:​breadthcombi.png}} {{:​sharpcharts:​breadthcombi.png}}
  
-**[[http://​stockcharts.com/​h-sc/​ui?​s=%24SPXADP&​p=D&​b=5&​g=0&​id=p61297909154&​a=553146723|Click here for a live version of this chart.]]**+**[[https://​stockcharts.com/​h-sc/​ui?​s=%24SPXADP&​p=D&​b=5&​g=0&​id=p61297909154&​a=553146723|Click here for a live version of this chart.]]**