מעודכן
IBD Distribution Days
What’s New
1. Follow-Through Day (FTD)
A green up arrow appears below the bar, labeled FTD, when a qualifying Follow-Through Day is detected.
Based on widely cited descriptions of the IBD methodology, an FTD occurs when the Nasdaq or S&P 500 gains at least 1.25% on volume higher than the previous day, on Day 4 or later of a rally attempt. This script implements those conditions.
Rally attempt rules:
Day 1: The first up-close day following a correction low, or a “pink” day that closes lower but finishes in the upper half of its daily range.
Rally low invalidation: A break below the rally low resets the rally-attempt count.
Minimum correction: A correction of at least 5% is required by default before a new rally attempt can qualify. This filter helps prevent ordinary up days during an established bull market from being incorrectly identified as FTDs.
FTD invalidation: After an FTD occurs, no new FTD can be generated until the existing FTD fails (the index closes below the FTD day's low) or a new correction begins from the post-FTD high.
2. Power Trend (PT)
A blue up arrow appears below the bar, labeled PT, on the day a Power Trend begins.
The implementation follows commonly cited interpretations of IBD's Power Trend methodology, using the following conditions:
The index low remains above the 21-day EMA for at least 10 consecutive days.
The 21-day EMA remains above the 50-day SMA for at least 5 consecutive days.
The 50-day SMA is rising.
The index closes higher on the day the Power Trend begins.
Power Trend termination:
Standard exit: The Power Trend typically ends when the 21-day EMA crosses below the 50-day SMA.
Circuit-breaker exit: An early exit is triggered when the index closes below the 50-day SMA while trading more than 10% below its recent peak.
The indicator marks the start of a Power Trend and tracks its current status.
3. Updated Information Table
The on-chart table now displays:
The current rally-attempt day.
The date of the most recent Follow-Through Day.
The current Power Trend status.
4. Alerts
Alerts are available for both Follow-Through Day and Power Trend signals, allowing you to monitor important market developments without constantly watching the chart.
Important Notes & Limitations
Methodology: IBD's original documentation could not be retrieved during development. The implemented rules are based on widely cited descriptions of its methodology and may not reproduce IBD's proprietary calculations exactly.
Customizable parameters: All numerical thresholds, including percentage requirements and moving-average confirmation periods, are configurable through the indicator's inputs.
Power Trend early exit: The indicator does not model an early Power Trend exit specifically triggered by an FTD failure.
Recommended market: IBD's Power Trend methodology is primarily associated with the Nasdaq Composite. For the most representative results, apply the indicator to the Nasdaq Composite or another major market index.
Recommended timeframe: Use a daily chart with volume data. Examples include SPY, QQQ, and NASDAQ.
Disclaimer
This indicator is intended for informational and educational purposes only. It is a technical analysis tool based on interpretations of publicly discussed market methodologies and should not be considered financial advice or a recommendation to buy or sell any security. Always conduct your own research and manage risk appropriately.
1. Follow-Through Day (FTD)
A green up arrow appears below the bar, labeled FTD, when a qualifying Follow-Through Day is detected.
Based on widely cited descriptions of the IBD methodology, an FTD occurs when the Nasdaq or S&P 500 gains at least 1.25% on volume higher than the previous day, on Day 4 or later of a rally attempt. This script implements those conditions.
Rally attempt rules:
Day 1: The first up-close day following a correction low, or a “pink” day that closes lower but finishes in the upper half of its daily range.
Rally low invalidation: A break below the rally low resets the rally-attempt count.
Minimum correction: A correction of at least 5% is required by default before a new rally attempt can qualify. This filter helps prevent ordinary up days during an established bull market from being incorrectly identified as FTDs.
FTD invalidation: After an FTD occurs, no new FTD can be generated until the existing FTD fails (the index closes below the FTD day's low) or a new correction begins from the post-FTD high.
2. Power Trend (PT)
A blue up arrow appears below the bar, labeled PT, on the day a Power Trend begins.
The implementation follows commonly cited interpretations of IBD's Power Trend methodology, using the following conditions:
The index low remains above the 21-day EMA for at least 10 consecutive days.
The 21-day EMA remains above the 50-day SMA for at least 5 consecutive days.
The 50-day SMA is rising.
The index closes higher on the day the Power Trend begins.
Power Trend termination:
Standard exit: The Power Trend typically ends when the 21-day EMA crosses below the 50-day SMA.
Circuit-breaker exit: An early exit is triggered when the index closes below the 50-day SMA while trading more than 10% below its recent peak.
The indicator marks the start of a Power Trend and tracks its current status.
3. Updated Information Table
The on-chart table now displays:
The current rally-attempt day.
The date of the most recent Follow-Through Day.
The current Power Trend status.
4. Alerts
Alerts are available for both Follow-Through Day and Power Trend signals, allowing you to monitor important market developments without constantly watching the chart.
Important Notes & Limitations
Methodology: IBD's original documentation could not be retrieved during development. The implemented rules are based on widely cited descriptions of its methodology and may not reproduce IBD's proprietary calculations exactly.
Customizable parameters: All numerical thresholds, including percentage requirements and moving-average confirmation periods, are configurable through the indicator's inputs.
Power Trend early exit: The indicator does not model an early Power Trend exit specifically triggered by an FTD failure.
Recommended market: IBD's Power Trend methodology is primarily associated with the Nasdaq Composite. For the most representative results, apply the indicator to the Nasdaq Composite or another major market index.
Recommended timeframe: Use a daily chart with volume data. Examples include SPY, QQQ, and NASDAQ.
Disclaimer
This indicator is intended for informational and educational purposes only. It is a technical analysis tool based on interpretations of publicly discussed market methodologies and should not be considered financial advice or a recommendation to buy or sell any security. Always conduct your own research and manage risk appropriately.
הערות שחרור
What it doesIt scans back through a lookback window you set (default 25 trading days, which is IBD’s roughly 5 weeks).
It finds distribution days, which are closes down at least 0.2% from the prior close on higher volume than the prior day.
It drops a distribution day from the count once any later close is 5% or more above that day’s close. This threshold is adjustable.
Each active distribution day gets a red down arrow above its bar. Hovering shows the date, the percentage change and the volume increase.
Days removed by a rally show as gray arrows. You can turn these off.
A table in the corner shows the active count and a status of Low, Elevated or Heavy. The caution and danger levels default to 3 and 5 and are adjustable.
There are alerts for each new distribution day and for the count hitting the caution or danger level.
Optional extras
Stalling days: higher volume, a tiny gain and a close in the lower half of the day’s range. They are off by default. IBD doesn’t publish exact thresholds, so my 0.4% maximum gain is an approximation.
Faded arrows for older distribution days outside your window.
What’s new
FTD (green up arrow below the bar, labelled “FTD”): IBD describes this as a gain of at least 1.25% in the Nasdaq or S&P 500 on higher volume than the day before, on Day 4 or later of a rally attempt. The script implements that.
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Day 1 is the first up close after a correction low, or a “pink” day that closes lower but in the upper half of its range.
Undercutting the rally low resets the count.
The script needs a minimum correction before a rally attempt counts, 5% by default. Without that filter, any strong up day in a bull market would be flagged.
After an FTD, no new one can fire until it fails (a close below the FTD day’s low) or a new correction starts from the post-FTD high.
Power Trend (blue up arrow below the bar, labelled “PT”): the arrow marks the day it starts. The community scripts that implement IBD’s method require the index low to stay above the 21-day EMA for at least 10 days, the 21-day EMA to stay above the 50-day SMA for at least 5 days, and the 50-day SMA to be rising. I also require an up close on the start day, as those scripts do. It usually ends when the 21-day line crosses back below the 50-day. I also added the “circuit breaker” early exit: a close below the 50-day SMA while more than 10% off the recent peak.
The table now shows the current rally-attempt day, the last FTD date and the Power Trend status. There are new alerts for both signals.
הערות שחרור
Power Trend is marked as finished after a day closes below the 50 SMAהערות שחרור
FDT fails are now marked on the chart and the FTD status is showed in the tableהערות שחרור
Not showing the Power Trend end always is now fixed. Reason for PT end added as descriptionהערות שחרור
### What's New in v3- **Improved FTD Logic:** More accurate tracking of rally attempts, FTD failures, and corrections.
- **Enhanced Power Trend:** Prevents premature restarts and adds Standard/Defensive exit modes.
- **New Market Regime Dashboard:** Identifies strong uptrends, market pressure, rally attempts, and corrections.
- **Better Distribution Analysis:** Tracks severe distribution days, stalling days, and changes in selling pressure.
- **More Reliable Signals:** Confirmed daily-close calculations reduce intraday fluctuations.
- **Expanded Alerts:** Notifications for market regime changes, distribution pressure, and trend transitions.
### User Benefits
**Make more informed trading decisions with a clearer picture of overall market health.** Identify potential institutional selling, recognize emerging uptrends, detect early warning signs, and adjust your market exposure based on changing conditions—all from a single indicator.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.