OPEN-SOURCE SCRIPT
Aura Breadth Thrust Oscillator [Pineify]
Aura Breadth Thrust Oscillator [Pineify]
Aura Breadth Thrust Oscillator measures market participation by dividing advancing issues by total advancing plus declining issues, then smoothing the ratio with a 10-period EMA. It borrows from Zweig breadth thrust analysis, but its signals are threshold crosses, not the full classic timed thrust rule.
Key Features
How It Works
For NYSE, the script requests NYSE:AADV and NYSE:$DEC. For NASDAQ, it requests NASDAQ:AADVQ and NASDAQ:$DECQ. It builds a breadth ratio from 0 to 100, then applies a 10-period EMA.
If external breadth is missing, proxy mode counts up candles as advancing and down candles as declining. Proxy readings are useful context, but they are not exchange-wide breadth.
How the Components Work Together
The ratio supplies participation context, the EMA filters noise, and the thresholds define zones. The table matters because external signals describe broad participation, while proxy signals only describe the current chart.
Trading Ideas and Insights
This is a context tool, not a complete system. Breadth can lag during fast reversals, and proxy mode is approximate.
Unique Aspects
How to Use
Customization
Conclusion
Aura Breadth Thrust Oscillator gives a compact read on participation behind index moves, breakouts, and reversals. Read each signal with the active data source.
Aura Breadth Thrust Oscillator measures market participation by dividing advancing issues by total advancing plus declining issues, then smoothing the ratio with a 10-period EMA. It borrows from Zweig breadth thrust analysis, but its signals are threshold crosses, not the full classic timed thrust rule.
Key Features
- Requests NYSE or NASDAQ advance/decline data when available.
- Uses a rolling price-action proxy when breadth symbols are unavailable.
- Shows a gradient oscillator, zones, markers, alerts, and source table.
How It Works
For NYSE, the script requests NYSE:AADV and NYSE:$DEC. For NASDAQ, it requests NASDAQ:AADVQ and NASDAQ:$DECQ. It builds a breadth ratio from 0 to 100, then applies a 10-period EMA.
- Advancing issues are compared with total advancing plus declining issues.
- The smoothed ratio becomes the Aura Breadth oscillator.
- Crosses above 61.5 mark bullish participation. Crosses below 40 mark breadth weakness.
If external breadth is missing, proxy mode counts up candles as advancing and down candles as declining. Proxy readings are useful context, but they are not exchange-wide breadth.
How the Components Work Together
The ratio supplies participation context, the EMA filters noise, and the thresholds define zones. The table matters because external signals describe broad participation, while proxy signals only describe the current chart.
Trading Ideas and Insights
- A cross above 61.5 may be useful after a weak range, especially if price is reclaiming structure.
- A move below 40 may show selling pressure or exhaustion; waiting for stabilization can reduce whipsaw risk.
- If price rises while breadth fails near the midline, participation may be narrowing.
This is a context tool, not a complete system. Breadth can lag during fast reversals, and proxy mode is approximate.
Unique Aspects
- External breadth is preferred automatically, with proxy mode used only when feeds are invalid.
- The active data source is shown directly in the pane.
How to Use
- Choose NYSE or NASDAQ, then check the table's active source.
- Watch crosses around 61.5 and 40, using 50 as a midpoint.
- Use the built-in alerts for bullish thrust or breadth breakdown crosses.
Customization
- Market Data Exchange (default: NYSE) - Selects the breadth universe.
- Proxy Lookback Period (default: 20) - Higher values smooth proxy mode.
- Bullish Thrust Level (default: 61.5) - Adjusts the bullish threshold.
- Oversold Level (default: 40.0) - Adjusts the weakness threshold.
Conclusion
Aura Breadth Thrust Oscillator gives a compact read on participation behind index moves, breakouts, and reversals. Read each signal with the active data source.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
🚀🚀🚀 Pineify - pineify.app
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
🚀🚀🚀 Pineify - pineify.app
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.