PROTECTED SOURCE SCRIPT
DistributionDays_FTD_iDavinderK
This script identifies the distribution days and follow through day.
DD count helps a trader identify a general trend of the market. A distribution day is flagged when index drops more than 0.2% and above average vols than previous day. 4 or more distribution days shows choppiness in the market and longs are unlikely to work.
A follow through day on the other hand shows strong buying emerges from the bottom. An FTD is flagged when index moves up 1.5% or more on higher vols than previous day.
Once an FTD is seen DD count goes back to zero.
DD are shown as Yellow flag here.
FTD are shown as Blue flag,
DD count helps a trader identify a general trend of the market. A distribution day is flagged when index drops more than 0.2% and above average vols than previous day. 4 or more distribution days shows choppiness in the market and longs are unlikely to work.
A follow through day on the other hand shows strong buying emerges from the bottom. An FTD is flagged when index moves up 1.5% or more on higher vols than previous day.
Once an FTD is seen DD count goes back to zero.
DD are shown as Yellow flag here.
FTD are shown as Blue flag,
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。