The Power Outage indicator serves as the antithesis to the Power Trend, highlighting periods of extreme weakness or downtrends. Drawing inspiration from the Power Trend, the Power Outage framework was conceived by reversing the logic to highlight periods where being in cash or net short could be beneficial. What Initiates a Power Outage? The high is below...
📜 ––––HISTORY & CREDITS––– This TradingView script, " Mike Webster (Webby) Quick Break, Quicksand & Grateful Dead RS," is inspired by the trading methodology developed by Mike Webster. The concept was shared by Webster in a Twitter post, where he emphasized the strategy's role in managing a core position in a winning stock. Webster's approach is unique as it is...
The Analytics Trading Dashboard is a tool designed to bring key information about a company into an easy-to-view dashboard. The indicator combines Company Info, Fundamental Data, Price & Volume Data, and Analyst Recommendations all into one table. Let’s dive into the details by section: Company Info: Name – Company name. Market Cap – Total dollar market...
The Anchored Relative Strength (RS) Indicator is a tool designed for traders to compare the performance of a selected stock or security against a benchmark index or another security starting from a specific point in time. Traditional Relative Strength The traditional RS line is a popular tool used to compare the performance of a stock, typically calculated as...
Webby's Quick & Grateful Dead RS combines a Relative Strength Line and Moving Averages to help traders hold a core position in a winning stock by identifying moments of strength and weakness in a stocks advance. The Relative Strength (RS) line is something many investors are familiar with. It is used to measure a stocks performance versus the S&P 500 (default...
MarketSmith Daily Market Indicators is designed to mimic the Daily Market Indicators tab found in MarketSmith. This tab contains 4 different secondary indicators to help gauge the health of the overall market. This indicator allows you to choose which of the 4 indicators to show, as well as which index to pull data from, Nasdaq or NYSE. There is also a...
Webby's Tight Indicator is used to measure a securities volatility relative to itself over time. This is achieved by taking the average of three short term ATR's (average true range) and creating a ratio versus three longer term ATR's. Mike Webster recently stated he is using the 3,5,8 for the short term ATR's and the 55,89,144 for the long term ATR's. All of the...
The Relative Strength (RS) line is something many investors are familiar with. It is used to measure a stocks performance versus the S&P 500 and is typically calculated by dividing the closing price of the stock by the closing price of the S&P. This means if a stock moves up and the S&P moves down or the stock moves up more than the S&P the RS line will increase,...
This indicator measures a stocks distance from its 52 week high. The concept is based on what Mike Webster shared on his appearance on IBD Live, allowing users to see if a current pullback from the highs is normal compared to historical pullbacks or if more attention is warranted. It is also important to pay attention to a stocks 52 week high in relation to it's...
Webby's RSI (Really Simple Indicator) 2.0 or version 5.150 as Mike himself calls it, builds upon the original Webby RSI by changing the way we measure extension from the 21-day exponential moving average. Instead using the percentage of the low versus the 21-day exponential moving average, version 2 uses a multiple of the securities 50 day ATR (average true...
The Base Finder Daily is the companion tool to the original Base Finder which is used to identify consolidation periods in a stock's advance. The Base Finder Daily allows traders to zoom in from the weekly chart and get a more precise view of the daily price action during a basing period. Base Finder Daily identifies three different types of bases (Flat Base,...
Similar to the Market Navigator, the Market Navigator Oscillator turns the methodology taught in Market School by Investors Business Daily into an easy-to-use indicator, but in a more condensed form. The Market Navigator Oscillator plots all of the same information as the original Market Navigator, but keeps your main chart clear. This system follows a strict...
The Market Navigator turns the methodology taught in Market School by Investors Business Daily into an easy-to-use indicator. This system follows a strict set of rules to help gauge when it's time to increase market exposure or back away. The indicator considers 24 different buy and sell signals, as well as portfolio management rules, to keep you on the right...
This indicator displays the volume for the Nasdaq Composite and S&P500 indexes just like any other stock. Also displays any normal stock volume as well. Customizations include choice of colors and moving average length.