Market breath indicator

[fanie]

Can you please help with this indicator is from Martin Zweig.

NYSE Advancing issues / Advancing issues plus Declining issues.

Then you use a simple 10 day moving average of the results above that act as a oscillator that fluctuates between -500 and
+500.

The indicator to be able to use on all timeframes.


Thank you so much in advance

[ACM]

fanie
As far as I know the indicator should oscillate between 0 and 1 with .500 being the midpoint.
Anyhow you can easily create the indicator by taking advantage of the new spread functionality available in eSignal and the sym() function which allows to pass an external symbol to a study.
Using the Editor open the basicMA(s).efs which is in the EFS2 Basic folder and replace setPriceStudy(true) with setPriceStudy(false).
Then replace the return statement with return sma(10,sym("$adv / ($adv + $decl)"));
This will calculate the 10 period moving average of the spread set up as a symbol. Make sure that in the symbol there is always a space before and after an operator.
Alex

[fanie]

Market Breath

Will it be possible to post a graph of the Market breath intraday on the Dow Jones?

Thank you cery much in advance

[ACM]

fanie
Enclosed below is a 15 minute chart of the indicator.
Alex