Internals Elite NASDAQ

Internals Elite NASDAQ Indicator: Overview and Functionality

Overview:
The Internals Elite NASDAQ indicator is a market breadth tool designed for **NASDAQ market internals analysis**. It provides traders with a **table-based visualization** of various key market metrics that help gauge overall market strength, sentiment, and momentum.

Key Features and What It Does:
The indicator fetches and displays **real-time market internals** by monitoring various breadth indicators, price action, and macroeconomic influences. It presents this data in a **color-coded table overlay** that updates dynamically to reflect changes in market sentiment.
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Market Internals Monitored:

1. TICK Index (TICKQ)
- Measures short-term market sentiment by tracking the number of advancing vs. declining stocks at a given moment.
- Green: Strong positive sentiment (above threshold).
- Red: Weak sentiment (below threshold).

2. Advance-Decline Line (ADDQ) & Moving Average Sentiment
- Tracks the net difference between advancing and declining stocks on the NASDAQ.
- EMA-Based Trend Signal:
- Uses a 10-period EMA to smooth ADDQ values and identify trends.
- Rising EMA suggests broad market strength (bullish momentum).
- Falling EMA** indicates market weakness** (bearish pressure).
- Directional Arrow System:
- 📈 Rising → Market internals improving (bullish).
- 📉 Falling → Weakening breadth (bearish).

3. VIX (Volatility Index) & EMA Sentiment
- Measures market volatility and risk sentiment.
- EMA-Based VIX Trend Analysis:
- Uses a 10-period EMA to track VIX momentum.
- Falling VIX EMA → Market stability & bullish sentiment.
- Rising VIX EMA → Increased fear & bearish conditions.
- Color-Coded Risk Levels:
- Green: Low VIX (market confidence).
- Orange: Neutral/transition phase.
- Red: High VIX (risk-off environment).

4. VWAP Deviation (% Above VWAP)
- Indicates how many stocks are trading above or below the VWAP (Volume Weighted Average Price).
- Used for tracking institutional activity and potential market reversals.

5. M7 VWAP (Mega-Cap 7 VWAP)
- Tracks VWAP levels for AAPL, MSFT, GOOGL, AMZN, META, NVDA, TSLA.
- Indicates whether **major tech stocks** are supporting or dragging the market.

6. Dollar Index (DXY)
- Measures the strength of the U.S. Dollar relative to other currencies.
- Impacts NASDAQ stocks as a weaker dollar tends to benefit tech stocks.

7. US 10-Year Treasury Yield (US10Y)
- Tracks interest rate trends, which influence market liquidity and risk appetite.

8. Bitcoin Price (BTCUSD)
- Cryptocurrency correlation tracking; used as a speculative risk indicator.

9. QQQ Price & Change (%)
- The performance of the *ASDAQ-100 ETF (QQQ) for broader index trend confirmation.

10. Current Ticker Price Change (%)
- Shows the **percentage change** of the selected stock relative to its previous close.

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### How It Helps Traders:
✅ Identifies Trend Strength → Using EMA-based ADDQ & VIX signals for sentiment confirmation.
✅ Detects Market Turning Points → Through TICKQ, VWAP deviation, and M7 VWAP.
✅ Tracks Institutional Activity→ Watching whether mega-cap tech stocks are supporting the market.
✅ Measures Risk Appetite → By integrating VIX, DXY, US10Y, and BTC into the analysis.
✅ Provides Macro Confirmation → Understanding if external factors (like bond yields) are impacting NASDAQ moves.

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Final Summary:
The Internals Elite NASDAQ is a market internals dashboard that consolidates essential breadth, volatility, macro, and risk indicators into a single view. By incorporating EMA-based trend tracking for ADDQ and VIX, the indicator helps traders confirm bullish or bearish sentiment shifts and make data-driven trading decisions.

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