Market Breadth Data

Market Breadth data summarizes behavior of groups of symbols. In example, it's Market Breadth you need if you want to know how what portion of S&P 500 stocks are currently above their SMA(50). Or how many stocks in Aluminium industry are advancing vs how many are declining. On TrendSpider, we support 10 Breadth data types over 120 symbol lists. Here are the Breadth types supported:

1. Advance/Decline Ratio. Ratio of "stocks which move up" to "stocks which move down" in a given list.
2. Advance/Decline Line. Absolute number of "stocks which move up" less "stocks which move down" in a given list.
3. McClellan Oscillator. EMA(AD_LINE, 19) - EMA(AD_LINE, 39)
4. Percent of symbols in a given list which are currently above their Daily SMA(5).
5. Percent of symbols in a given list which are currently above their Daily SMA(10).
6. Percent of symbols in a given list which are currently above their Daily SMA(20).
7. Percent of symbols in a given list which are currently above their Daily SMA(50).
8. Percent of symbols in a given list which are currently above their Daily SMA(70).
9. Percent of symbols in a given list which are currently above their Daily SMA(100).
10. Percent of symbols in a given list which are currently above their Daily SMA(2000).
11. Percent of symbols in a given list which have made a new 14 days high.
12. Percent of symbols in a given list which have made a new 21 days high.
13. Percent of symbols in a given list which have made a new 63 days high.
14. Percent of symbols in a given list which have made a new 14 days low.
15. Percent of symbols in a given list which have made a new 21 days low.
16. Percent of symbols in a given list which have made a new 63 days low.
17. Difference between the "stocks which have made a new 52 wk high" and "stocks which have made a new 52 wk low" in a given list.

Symbol lists supported are as follows:

1. Major indexes: Amex Airline, Amex Gold Bugs, Amex Oil, Amex Pharmaceutical, Dow Jones 30, Dow Jones Composite, Dow Jones Transportation Average, KBW Bank Sector, NASDAQ 100, NASDAQ Bank, NASDAQ Financial 100, NASDAQ Insurance, NASDAQ NMS Composite, NASDAQ Transportation, NYSE Composite, Philadelphia SE Gold/Silver, PHLX Oil Service Sector, Russell 2000, S&P 100, S&P 500, S&P MidCap 400, S&P SmallCap 600
2. All 9 US Economy Sectors
3. All 152 US Economy Industries

The ways you can use Market Breadth data on TrendSpider are as follows:

1. Browse it on chart. You can do that either via the Other Data menu, or by browsing Breadth Symbols directly (i.e., $MA50SP100) just like you would browse AAPL.
2. Search the Indicator menu using the word 'breadth'.
3. Set alerts on Breadth symbols (i.e., $MA50SP100).
4. Use Breadth symbols in your strategies.
5. Basically, use it anywhere where you can use a symbol like AAPL.

Use Market Breadth as a symbol

All the 1200 Breadth series we have are available as symbols. You can identify them in Symbol Search by simply typing something like advance dow 30 or new high banks. Here are a few examples of Breadth symbols supported.  Here is a complete list of all market breadth symbols.

$ADDJ30     Advance/decline ratio in Dow Jones 30 Index
$MA50SP500  Symbols above sma(50) in S&P 500 Index
$MA200ENE   Symbols above sma(200) in Energy sector
$H14AO      Symbols at new 14d high in Amex Oil Index
$H21R2000   Symbols at new 21d high in Russell 2000 Index
$L63SD      Symbols at new 63d low in Soft Drinks
$HL52WALU   Net 52wk high/low symbols in Aluminum

IMPORTANT NOTE: Market Breadth data is End of day data. This means that on every day, the most recent Breadth data you can have is "as of yesterday". Because of that, if you want to use Breadth data in the Strategy Tester or in Trading Bots, you should always refer to "Breadth data 1 day ago", using the "X cdl ago" feature.

Browse Market Breadth as a lower indicator

Navigate to the top menu bar and click on the vertical ellipsis icon (⋮) adjoining the Other Data button. Select the Market Breadth, and the Market Breadth data will appear as a lower indicator on the chart.

List & Series

The lower indicator will reflect the Market Breadth data based on the List & Series defined.

• List: Define the list of stocks belonging to an industry, sector, or indices you want to compare against.
• Series: Define the type of Market Breadth you want to use.

For example, you can view the number of stocks in the S&P 500 (List) that are currently trading above their 50 Day SMA (Series) in terms of percentage through Value Line.

**Note: Our Market Breadth data is biased, which means that it only respects a list of constituents "as of now", ignoring any changes in index lists in the past.

Value Line

The Value Line (colored in dark blue by default) is representing the percentage of stocks in the S&P 500 that are trading above or below the 50 Day SMA.

Current Ticker Behavior: Follows & Resists

Follows Line is formed when the ticker symbol selected on the chart has followed the criteria (Series) of the Market Breadth data at a given date. Whereas, Resists Line is formed when the ticker symbol selected on the chart fails to follow the criteria (Series) of the Market Breadth data at a given date.

For example, if you are browsing the "above SMA50" series on 21st Jan 2022 and your symbol was above its Daily SMA50, then the corresponding vertical line would be Follows line (by default represented in the dark blue color).

In the snippet below, the Follows lines are the vertical lines in the dark blue color and the Resists Lines are the vertical lines in the light blue color.

Customize Market Breadth Data

You can always customize and edit the indicator as per your needs by clicking on the vertical ellipsis icon ⋮

A modal will appear providing you with a set of customization options.

You can edit the following configurations to customize the Market Breadth Data:

• Which List of symbols to use
• Which Breadth Series to display
• Show/Hide Ticker data series
• Parameters of the lines such as stroke, color, etc.
• Axis type