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Diupdate 4 hari yang lalu

Global Market Strength and Breadth Stance

Introduction

The Market Strength and Breadth Dashboard is a comprehensive, institutional-grade market monitoring tool designed for swing traders and active investors. Instead of trading in a vacuum, this dashboard scans the internal health of a chosen market across cap sizes, sector leaders, equal-weighted indices, and growth/value proxies. By analyzing multiple dimensions of trend strength and rolling them up into a live dashboard, the indicator calculates an overall Market Stance and provides actionable guidance on Total Open Risk (TOR).

Whether you trade in the US, India, Japan, China, Taiwan, or South Korea, this dashboard provides a top-down view of market breadth so you can trade with the wind at your back.

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Key Features

1. Multi-Market & Sector Breadth Coverage

The dashboard automatically maps a curated list of index benchmarks, equal-weight indices, growth/tech proxies, and sector ETFs based on your selected country:

United States (US): SPY (S&P 500), QQQ (Nasdaq 100), RSP (S&P 500 Equal Weight), IWM (Russell 2000), MDY (S&P MidCap 400), SMH (Semiconductors), IGV (Tech-Software).

India (IN): Nifty 50, Nifty 50 Equal Weight, Nifty 500, Nifty Midcap 100, Nifty Smallcap 100, Nifty IT, Nifty Finance, Nifty Auto, Nifty Banking, Manufacturing, Nifty India Digital.

Japan (JP): Nikkei 225, TOPIX, TOPIX 100, TOPIX Mid 400, Nikkei Mid Small ETF, TOPIX Small Index, Nikkei Semiconductor, Semiconductor ETF, Electric Appliances, TOPIX Machinery.

China (CN): Total Stock Market, Top 300 Index (Weighted & Equal Weight), 50 Large Cap, 500 Mid Cap, 1000 Small Cap, ChiNext 100, Tech/Semis/AI/Biotech.

Taiwan (TW): TAIEX, Top 50 ETF, Mid-Cap 100 ETF, TPEX Weighted Index, Semiconductors Sub-Index, Electronics Sub-Index, Electronic Parts/Components, Market Leader Equal Weight ETF, IT Growth Equal Weight ETF.

South Korea (KR): KOSPI, KOSPI 200, KOSPI Large, KOSPI Mid, KOSPI Small, KOSDAQ, KOSDAQ 150, KOSPI 200 Equal Weight, KQ150 Equal Weight.

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2. Timeframe-Adaptive Moving Averages

Moving average lengths are automatically adjusted based on your selected Analysis Timeframe to ensure the technical signals match the trend structure of that horizon:

Daily Timeframe: 20 SMA (Short-term), 50 SMA (Medium-term), 200 SMA (Long-term / Macro).
Weekly Timeframe: 10 SMA, 30 SMA, 40 SMA.
Monthly Timeframe: 3 SMA, 6 SMA, 10 SMA.

3. Advanced Hybrid Trend Engine

Rather than relying on a single moving average, the dashboard calculates a Hybrid Trend for each index by combining two distinct methodologies:

SMA Ribbon Trend: Evaluates alignment. A full bullish alignment requires:
Price > SMA 1 > SMA 2 > SMA 3, while a bearish alignment requires:
Price < SMA 1 < SMA 2 < SMA3

Donchian Channel Trend: Checks price relative to the 20-period Donchian mid-line. If the price is within 15% of the Donchian mid-line, the trend is treated as Sideways (congestion). If it breaks out above or below this corridor, it triggers a trend state.

The Hybrid Nuance: A ticker is only marked in an Uptrend if the Donchian trend is bullish and the SMA Ribbon is not bearish. It is marked in a Downtrend if the Donchian trend is bearish and the SMA Ribbon is not bullish. Otherwise, it is classified as Sideways.

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4. Granular Status Classification

Every monitored index is evaluated and categorized into one of five states:

🟢 Very Bullish: Macro bullish (SMA 2 > SMA 3), short-term bullish (SMA1 > SMA2), price trading above the short-term SMA 1, and the Hybrid Trend is actively upward.

🟢 Bullish: Macro and short-term bullish alignments are in place, price is above
SMA 1, but the Hybrid Trend has turned sideways.

🔵 Pullback: Macro and short-term bullish alignments are intact, but price has pulled back below the short-term SMA 1 (while holding above the medium-term SMA 2). Ideal for dip-buying setups.

🟡 Caution: Signals are mixed. This occurs during transitional phases, such as when price is below SMA 2 in a macro uptrend, or when price trades above SMA 1 but the macro alignment is bearish (SMA 2 ≤ SMA 3).

🔴 Bearish: Macro bearish alignment (SMA 2 ≤ SMA 3) and the price is below its short-term
SMA 1.

The Breadth & Stance Engine (Dashboard Footer)

The bottom row of the dashboard acts as the command center, compiling all individual metrics into market breadth stats and a singular directional bias:

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1. Market Stance & Total Open Risk (TOR)

The dashboard calculates a global market posture based on the state of the primary index (e.g., SPY for US, Nifty 50 for India) and the percentage of overall constructive indices:

Risk-On (Aggressive) | TOR Open (6-8R): The primary index is Bullish/Very Bullish, ≥ 70% of the market is constructive, and ≤ 10% is Bearish. This is the green light for aggressive long positioning.
Risk-On (Selective) | TOR Normal (4-5R): The primary index is constructive, and ≥ 50% of the market is constructive. Longs are favored, but selectivity and tight setups are required.
Risk-Off (Defensive) | TOR Tight (1-2R): The primary index is bearish or ≥ 50% of the indices are in a Bearish status. Capital should be defensively positioned; focus shifts to short exposure or hedging.
Capital Preservation | TOR Cash (0R): The primary index is Bearish, and ≥ 75% of all indices are in a Bearish status. The system advises sitting in cash.
Caution / Neutral | TOR Max 3R: Outlines range-bound or highly rotational conditions. Open risk should be strictly capped.

2. Breadth Ratio Columns

The dashboard displays raw breadth ratios for three structural checkpoints:

Price > MA1 (Short-term momentum breadth)
MA1 > MA2 (Medium-term structural health)
MA2 > MA3 (Long-term structural alignment)

Format: L / S (Long / Short). E.g., 5L / 2S means 5 indices are bullish on that metric, and 2 are bearish.

Color Coding: Automatically highlights in Green if ≥ 70% of the indices are positive, Red if ≥ 60% are negative, and Yellow for rotational/neutral conditions.

Under the Hood: Pine Script v6 Optimization

This script has been engineered to prevent chart lag. All calculations are requested dynamically using a single, optimized request.security tuple call per ticker.

No Repainting: The dashboard is calculated strictly on closed historical bars and the live real-time bar using barstate.islast, ensuring that historical data is not distorted and the dashboard is lightweight.
Declarative Layouts: The UI adapts row heights dynamically based on the number of active indices for the selected country, preventing empty table cells from wasting screen real estate.
User Input Settings
Active Market / Country: Switch between US, Korea, China, Taiwan, Japan, and India.
Analysis Timeframe: Select Daily, Weekly, or Monthly.
Table Position: Choose from 9 positions on your chart canvas.
Text Size: Small, Normal, or Large text configurations.
Styling & Colors: Fully customize table frames, title background, warning cells, risk stances, and text colors to match your dark or light chart theme.

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⚠️ Important Caution & Risk Disclaimer
Please read and understand the following before incorporating this dashboard into your trading:

Index Decoupling: Sector weightings in modern index products are often heavily skewed toward mega-cap stocks. An index may print "Very Bullish" while the vast majority of individual mid-and-small-cap stocks are struggling. Always cross-reference index breadth with individual stock scans.

Breadth is a Filter, Not a Trigger: The dashboard's output (such as "Risk-On" or "Risk-Off") represents a statistical regime filter of market conditions. It is not a direct buy or sell signal. Trade execution must still rely on your own verified setups, trigger criteria, and risk-reward calculations.

Data & Calculation Lag: Because the dashboard aggregates multiple indices and ETFs, there may be temporary divergences in fast-moving markets or discrepancies between local index data feeds.

No Guarantee of Accuracy: Historical performance of these filters is not indicative of future results. Market regimes can shift rapidly without warning. You must use your own judgment, manage your trade sizing, and implement hard stops on every position. Never risk more capital than you can afford to lose.

Catatan Rilis

1. Timeframe can be auto-detected based on the time period on the chart. Defaults to daily for intra-day timeframe.
2. Ability to build a custom list of tickers (max 20) instead of viewing single country at a time.

Catatan Rilis

1. Reworked on all key Indices and Most relevant sectors for each market
2. Minor UI enhancements:

Header and Footer rows are bold
If the opened ticker matches any of the indices/sectors being displayed then the row is highlighted (bold)
Default widget positioning and text size

Catatan Rilis

Release Notes: Unified Trend Stance & 7-Column Layout

This update optimizes the dashboard layout for space efficiency and introduces a fully symmetrical trend and status evaluation engine.

1. Optimized 7-Column Layout

Combined the separate "Trend" and "Trend Quality" columns into a single unified "Trend" column.
Reduced the dashboard width from 8 to 7 columns to save horizontal screen space: [Ticker | Name | Price > 20 SMA | 20 > 50 SMA | 50 > 200 SMA | Trend | Status].
2. Unified Trend Column

Created combined trend labels that represent both the macro direction and underlying efficiency (using Kaufman's Efficiency Ratio - ER):
Clean Uptrend (Vibrant Green): High efficiency uptrend.
Uptrend (Light Green): Moderate efficiency uptrend.
Clean Downtrend (Vibrant Red): High efficiency downtrend.
Downtrend (Light Red): Moderate efficiency downtrend.
Choppy (Yellow): High noise, low efficiency sideways whip-saws.
Sideways (Grey): Quiet horizontal consolidation.
3. Symmetrical Status Engine & "Very Bearish" Stance

Added a new "Very Bearish" status (Vibrant Red background) to mirror the existing "Very Bullish" (Vibrant Green) status, triggered during high-efficiency aligned downtrends.
Aligned bear market evaluations so that clean downtrends display as "Very Bearish" or "Bearish" rather than "Caution".
Integrated "Very Bearish" counts into the index breadth percentages and the "Market Stance" footer logic.
4. Robust Row Highlighting

Refactored the ticker matching logic using string splitting. The dashboard now cleanly splits and matches ticker symbols with their exchange prefixes (like TSE: or NSE:), ensuring that the row corresponding to your active chart is highlighted under all conditions.
5. Code Optimizations

Cleaned up variable declaration order in the status evaluator to prevent compiler warnings.

Catatan Rilis

Color consistency for Sideways, Choppy and Caution cells in relevant portions of the widget.

Catatan Rilis

Reworked on code comments to be more clear when needed.

Catatan Rilis

Performance optimiztions across the codebase.

Catatan Rilis

Market Strength and Breadth Dashboard - Update Summary

This update modernizes the indicator structure, optimizes performance under Pine Script v6 standards, and introduces timeline date-stamps to provide full timezone transparency.

1. Timeline Date-Stamps for Multi-Market Transparency
We have added a dynamic date suffix (MM-dd) next to the symbol name in the dashboard table.
* Since different global markets operate in different timezones (e.g., Taipei is 12 hours ahead of New York), their daily sessions close at different times.
* The date suffix shows you exactly which calendar day's bar is currently being analyzed for each ticker (e.g., INDEX:TAIEX (06-25) vs. INDEX:TAIEX (06-24)). This clarifies why values shift when switching between US and Asian charts.

2. Calculation Stability via ticker.modify
All request.security calls are now wrapped in ticker.modify(..., session.regular, adjustment.splits).
* This prevents TradingView's local compiler from optimizing data reads directly from your active chart display arrays.
* Your indicators are now protected from changing their calculations if you toggle display settings in your chart UI (such as Extended Session/Pre-market or custom chart timezones).

3. Compile-Time Security Optimization (Pine Script v6)
* Replaced the dynamic array-based security resolution with 20 static compiler-safe slots.
* This ensures the script is fully compliant with modern v6 compilation constraints, eliminating repainting issues and loading lag.

4. Static Fallback Symbols
* Swapped the fallback placeholder from syminfo.tickerid to static, country-specific default symbols. This stabilizes the network fetch pool and improves chart load times when switching tickers.

Catatan Rilis

[h2]Dashboard Real Estate & Layout Optimizations[/h2]

Here is a summary of the layout improvements in the latest update to save screen real estate:

Shorter Cell Statuses: Renamed status values from [code]"Above"[/code] / [code]"Below"[/code] to "▲ (Up)" and "▼ (Down)" to save horizontal width inside the data cells.
Streamlined MA Column Headers: Cleaned up column headers by eliminating duplicate "SMA" text (e.g. [code]20 SMA > 50 SMA[/code] is now [code]20 > 50 SMA[/code]). This dynamically scales for Weekly/Monthly timeframes as well.
Timeframe Clarity: Timeframe suffixes (e.g. [code](DTF)[/code], [code](WTF)[/code], [code](MTF)[/code]) are now shown on the "Name" column header (e.g., [code]Name (DTF)[/code]) and removed from the first column header to prevent text crowding.
Shorter Stance Bias: Renamed the default stance bias from [code]"Selective / Neutral"[/code] to "Selective" in the footer to fit cleaner.

Catatan Rilis

Refactored Status State Machine Under the 200 SMA

Symmetrically aligned the status evaluation state machine logic under the 200 SMA (Death Cross) with the Golden Cross logic.
Amended the status calculation so that healthy recovery trends (price and 20 SMA above the 50 SMA) are classified as Caution (Yellow) rather than defaulting to Bearish.
Ensures that pullbacks of recoveries (price holding above the 50 SMA but below the 20 SMA) are also labeled as Caution.
Retains the conservative restriction that no recovery under the 200 SMA can achieve "Bullish" or "Very Bullish" statuses.
Preserved precise Bearish and Very Bearish designations for assets in active downtrends (price below the 50 SMA or in a high-efficiency breakdown).
Corrects aggregate Market Stance calculations and ratio counts in the footer row (e.g., Price > 20 SMA, 20 SMA > 50 SMA counts) by preventing recovery moves from adding false bearish signals.

Catatan Rilis

Title: Global Market Breadth and Stance Dashboard - Multi-Country Expansion

Overview of Changes
Today, the script was updated to expand sector coverage across all major global markets to the maximum 20-ticker slot limit. In addition, the symbol matching and row highlighting system was completely rewritten for better reliability, null-safety, and delayed-feed compatibility.

Market Watchlist Expansions

US Market: Expanded to 19 tickers and reordered into a logical GICS-aligned hierarchy (added Real Estate, Staples, Materials, Energy, and Utilities).
China Market (000300): Expanded to 20 tickers using the CSI 300 Sector Indices.
Korea Market (KOSPI): Expanded to 20 tickers incorporating primary KRX Sector Indices.
Japan Market (TOPIX): Expanded to 20 tickers incorporating comprehensive TOPIX Sector Indices.
Taiwan Market (TAIEX): Expanded to 20 tickers mapping major electronics, semiconductor, and industrial components.
India Market (NIFTY): Expanded to 20 tickers incorporating FMCG, Metals, Energy, Infrastructure, PSU Banks, Media, and Pharma.

Active Row Highlighting & Symbol Match Upgrades

Ticker Alias Normalization: Implemented a new match helper f_tickers_are_equal to resolve differences where TradingView internally represents an index with a different ticker name than its search code (e.g. matching 0000688 with its STAR50 ticker alias, and TAIEX with its IX0001 ticker).
Null (na) Safety Checks: Added explicit safety checks for syminfo.tickerid, syminfo.ticker, and syminfo.prefix to prevent null-value propagation from breaking comparisons on custom feeds.
Delayed Feed Support: Programmed the symbol matcher to strip the delayed feed suffix (e.g. _DLY) from exchange prefixes, allowing symbols like 000300 to highlight properly when loaded on the chart.

Catatan Rilis

Added to track Biotech sector for US market.

5 hari yang lalu

Catatan Rilis

Title: Performance and Drawdown Multi-Timeframe Expansion for Market Strength Dashboard

Summary of Updates

New Performance Metrics Columns: Integrated four performance and drawdown metrics into the market dashboard table to track short-term momentum, medium-term trend, peak distance, and year-to-date returns across all monitored tickers (such as SPY and QQQ).
Multi-Timeframe Adaptive Logic: Added dynamic timeframe support that automatically adjusts metric lookbacks and table headers based on the active timeframe setting (Daily, Weekly, or Monthly):
- Single-Period Change: Displays % 1D on Daily, % 1W on Weekly, and % 1M on Monthly timeframes.
- Multi-Period Change: Displays % 5D (5 daily bars), % 4W (4 weekly bars), and % 3M (3 monthly bars).
- 52-Week High Drawdown (% Off 52WH): Dynamically scales lookbacks across 252 daily bars, 52 weekly bars, or 12 monthly bars.
- Year-to-Date (% YTD): Automatically tracks returns from the previous calendar year-end close across all timeframes.
4-Tier Graduated Color System for 52-Week High Drawdown:
- At / Near 52W High (>= -0.5%): Highlighted in bright bullish green for tickers breaking out or trading at new peaks.
- Consolidation Range (-0.5% to -5.0%): Highlighted in soft bullish green for tight trading near highs.
- Pullback / Correction (-5.0% to -20.0%): Highlighted in warning yellow for moderate pullbacks.
- Deep Drawdown (< -20.0%): Highlighted in bearish red for deep drawdowns.
Dashboard Layout Expansion: Expanded table layout to 11 columns for structured readability while maintaining market stance breadth summaries.

4 hari yang lalu

Catatan Rilis

Title: Dynamic Multi-View and Performance Metrics Update for Market Strength Dashboard

Summary of Today's Enhancements

Dynamic Dashboard View Selector: Added a new Active Dashboard View setting allowing users to switch between three display modes:
- Market Breadth & Stance View (7 Columns): Focuses on moving average participation (SPY, QQQ) and macro market regime summaries.
- Performance Metrics View (6 Columns): Displays single-period, multi-period, drawdown, and YTD performance returns in a clean table without footer rows.
- Combined View (11 Columns): Displays all performance and technical breadth metrics together in one comprehensive table.
Selective Calculation Engine: Optimized indicator execution speed by conditionally skipping non-active calculations—bypassing moving average alignments when viewing performance metrics, and bypassing 52-week lookbacks when viewing market breadth.
Multi-Timeframe Adaptive Performance Metrics:
- Single-Period Return: Displays % 1D (Daily), % 1W (Weekly), or % 1M (Monthly).
- Multi-Period Return: Displays % 5D (Daily), % 4W (Weekly), or % 3M (Monthly).
- 52-Week High Drawdown (% Off 52WH): Scales lookbacks dynamically across 252 daily bars, 52 weekly bars, or 12 monthly bars.
- Year-to-Date (% YTD): Tracks cumulative return from prior calendar year-end close.
4-Tier Graduated Color System for Drawdown:
- At / New 52W High (>= -0.5%): Bright bullish green.
- Near High (-0.5% to -5.0%): Soft bullish green.
- Pullback (-5.0% to -20.0%): Warning yellow.
- Deep Drawdown (< -20.0%): Bearish red.

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