[TTI] Ned Davis Thrust Signal

14 thg 1, 2023

HISTORY AND CREDITS–––––––––––––––––––––––––––––––––––––––––––––––––––––––
The indicator is inspired by studies from Ned Davis' NDR Institutional Service. I have shared before the backtest of this indicator, and now have coded it for TradingView so that you can have it on your charts.

WHAT IT DOES––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Thrust indicator gave a BUY signal with NYSE advancing stocks leading declining stocks by better than 1.91 to 1 over the last 10 trading sessions and a SELL signal when the ratio is less than 0.5

HOW TO USE IT–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
I use the indicator as a gauge tool, in other words it is a piece of the puzzle to justify bullish or bearish trades. I put this type of analysis in my secondary tools that give me additional confidence for market direction and aggressiveness in my trading

13 thg 8, 2023

Phát hành các Ghi chú

- TradingView was getting confused between the Advancing stocks and ticker symbol ADV Advancing Solutions. I fix it.