The DV ‘Market Trend Indicator’ can be accessed by clicking the ‘Indicators and Strategies’ icon, typing in ‘DV,’ and then selecting ‘Market Trend Indicator.’ The ‘Market Trend Indicator’ will appear in the price pane of your chart. It can be moved to any pane you choose thereafter, including a pane for itself.

This indicator is similar to the Stage Analysis Indicator, which colors the chart’s background. However, instead of each individual stock having different background colors, every chart would have the same pattern of colors based on the selections below:

• The underlying stock (usually an index like QQQ or SPY)

• The moving average length.

• Exponential or simple moving average.

• The four colors that are applied to every stock are based on whether the underlying chosen stock’s price is:

1. Price above a rising X-day EMA/SMA
2. Price above a declining X-day EMA/SMA
3. Price below a rising X-day EMA/SMA
4. Price below a declining X-day EMA/SMA

For example:

The default settings are set to SPY as the underlying stock and use the 20 Simple Moving Average.

1. Prices above a rising 20EMA are colored Green
2. Prices above a declining 20EMA are colored Blue
3. Prices below a rising 20EMA are colored Yellow
4. Prices below a declining 20EMA are colored Red

These colors would stay the same for every stock, so I could go back through history and see what the general market was doing while a stock was breaking out. This would help users study past market leaders and also give them a useful gauge of current market conditions.

Inputs #

Change the index to compare, MA type and length in the Inputs tab.

Style #

Customize colours in the Style tab.

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Stage Analysis