Stocks Above 5-Day Average (FOMO)

7月20日

Overview
Inspired by Matt Carusos's FOMO indicator, this breadth indicator is designed to provide a visual representation of the percentage of stocks within major indices that are trading above their 5-day moving average.

Functionality
The indicator plots the percentage of stocks trading above their 5-day moving average for the following indices:

• S&P 500
  
• Nasdaq
  
• Russell 2000
  
• Dow Jones
  
• All Markets (MMFD)
  

The indicator includes two horizontal lines:

• Upper Threshold: Default at 85%
  
• Lower Threshold: Default at 15%
  

These lines are used to identify potential overbought (above upper threshold) or oversold (below lower threshold) conditions.

Plot Shapes:

Small circles are plotted at the points where the percentage of stocks crosses the upper or lower thresholds, with colors matching the respective index.

Table:

The current percentage of stocks above the 5-day average for each index.
A warning sign (⚠️) is shown in the table if the percentage crosses the upper or lower threshold, regardless of whether the index plot is enabled or not.