Nasdaq Sentiment Dashboard

Builds a composite sentiment state — RISK-ON / NEUTRAL / RISK-OFF — using three legs:

Volatility: CBOE VXN vs its moving average and absolute thresholds (risk-on when low & below MA; risk-off when high & above MA).

Breadth (quality of participation): QQEW/QQQ ratio vs its MA (equal-weight beating cap-weight = healthier breadth).

Advance/Decline (intraday breadth): advdec.nq vs its MA, with a magnitude filter (ignores tiny A/D days).

How it works

Pulls each series on your chosen signal timeframe (default Daily).

Creates binary signals per leg:

Vol: volOn if VXN < MA and < vxnLower; volOff if VXN > MA and > vxnUpper.

Breadth: brOn if QQEW/QQQ is above its MA by a deadband; brOff if below.

A/D: adOn if A/D > MA and above adMin; adOff if below MA and < -adMin.

Scores each leg (+1 on, −1 off, 0 neutral) → sums to −3…+3.

State rule (default): RISK-ON if score ≥ +2, RISK-OFF if ≤ −2, else NEUTRAL (i.e., need 2 of 3 to agree).

Detects flips (changes in state) and provides alert conditions that fire only on the flip bar.

What you see

Lines for VXN & MA, QQEW/QQQ & MA, A/D & MA.

Background color shows current composite state.

Triangle markers on the flip bar (up for ON, down for OFF).

A top-right table summarizing state, each leg vs its MA, and the composite score.

How to tune

Vol thresholds: vxnLower / vxnUpper.

Breadth whipsaw control: deadbandBps around the ratio’s MA.

A/D sensitivity: adMin and adMaLen.

Stricter regime: require all 3 to agree by changing the state line to score == 3 / -3.