OPEN-SOURCE SCRIPT
Market Breadth
This script is an Advanced Market Breadth Dashboard that tracks the true underlying strength of the stock market by analyzing Up Volume versus Down Volume.
Specifically, it monitors three major exchanges—NYSE, NASDAQ, and ARCA—and provides:
Smart Ratios: A visual oscillator that plots bullish volume (more Up Volume) as positive numbers and bearish volume (more Down Volume) as negative numbers around a clear zero line.
Momentum Histogram: A color-coded histogram showing whether market breadth is gaining or losing momentum.
Real-Time Data Table: An on-chart dashboard displaying live Up/Down volume ratios, volume percentages, raw volume numbers, and a dynamic "Market State" assessment (e.g., Bullish, Neutral, Bearish).
Specifically, it monitors three major exchanges—NYSE, NASDAQ, and ARCA—and provides:
Smart Ratios: A visual oscillator that plots bullish volume (more Up Volume) as positive numbers and bearish volume (more Down Volume) as negative numbers around a clear zero line.
Momentum Histogram: A color-coded histogram showing whether market breadth is gaining or losing momentum.
Real-Time Data Table: An on-chart dashboard displaying live Up/Down volume ratios, volume percentages, raw volume numbers, and a dynamic "Market State" assessment (e.g., Bullish, Neutral, Bearish).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.