[TTI] Ned Davis Thrust Signal

14 Oca 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 Ağu 2023

Sürüm Notları

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