OPEN-SOURCE SCRIPT
Updated Equity Internals Monitor
This indicator uses 3 Ratios for intraday trading with the ES.
NQ/ES
RTY/ES
HYG/IEF
CONV ON: Bullish
CONV OFF: Bearish
NARROW: Possible fade into strength
CREDIT: Credit leading equities lower
NO LEAD: Neutral
NQ/ES
RTY/ES
HYG/IEF
CONV ON: Bullish
CONV OFF: Bearish
NARROW: Possible fade into strength
CREDIT: Credit leading equities lower
NO LEAD: Neutral
Release Notes
Added a 10 YearYield component. Release Notes
ON-D (Risk-On Durable)ON (Risk-On Neutral)
ON-F (Risk-On Fragile)
HOLL (Hollow Rally)
OFF (Risk-Off)
CRED (Credit Warning)
LIQ (Liquidation)
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.