Timing Indicators – Sample

Content

Overview

WSC Big Picture Indicator

Overview:

  • Category: Overview
  • Time Frame: –
  • Update Schedule: Daily

Description/Construction:

  • The WSC Big Picture Indicator identifies the current position within an ongoing stock market cycle. It shows the cyclical relationship between the most important signals from our short-term- and mid-term oriented timing indicators (trend, market breadth and sentiment/contrarian) in a six-quadrant diagram (Path View). This Path View is then translated into a line chart (normal view).

Signals:

  • Bullish: Outright bullish/positive market environment
  • Bullish Consolidation: Volatile, but still bullish biased market environment (pullbacks should be limited in price and time)
  • Bearish Consolidation: Extremely corrective market enviornment (pullbacks are often just the starting point of a stronger correction)
  • Bearish: Outright bearish/negative market environment (market could also hit a low in that stage)
  • Corrective Bounce:  Stronger but corrective bounce within an ongoing down-trend
  • Stabilization Process: New up-trend possible, but technical condition remains fragile

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency. Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Indicator Dashboard

Overview:

  • Category: Tool
  • Time Frame: Short- to long-term
  • Update Schedule: Daily

Description/Construction:

  • The WSC Indicator Dashboard shows the signal (bullish, neutral or bearish) of each published indicator for the past two months in a color-coded way and grouped by type on a single chart. The specific time frame for each indicator (signal) is not shown on the dashboard.

Signals:

  • Bullish: Blue colour
  • Neutral: Grey colour
  • Bearish: Red colour

Chart Details:

  • A continuous color-coded block represents a trading week, whereas vertical grey blocks stand for non-trading days. It could be possible that our weekly indicators show values on Friday even though it might be a non-trading day. This is due to the fact that all of them are always updated on a weekly basis, with Friday as end-value day.

Major US Indices Daily – DJIA, S&P500, CBOE VIX

Overview:

  • Category: Index
  • Time Frame: –
  • Update Schedule: Daily

Description/Construction:

  • The chart shows the performance of the Dow Jones Industrial Average, the S&P 500 and the CBOE Volatility Index for a given time period.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Short-Term Composite

Overview:

  • Category: Overview
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • This indicator is a percentage average of all signals from our short-term-oriented indicators. Additionally, the values of all short-term-oriented trend-, breadth- and contrarian indicators are shown separately.

Signals:

  • Bullish: Values above 50
  • Bearish: Values below 50

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Mid-Term Composite

Overview:

  • Category: Overview
  • Time Frame: Mid-term
  • Update Schedule: Daily

Description/Construction:

  • This indicator is a percentage average of all signals from our mid-term-oriented indicators. Additionally, the values of all mid-term-oriented trend-, breadth- and contrarian indicators are shown separately.

Signals:

  • Bullish: Values above 50
  • Bearish: Values below 50

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Long-Term Composite

Overview:

  • Category: Overview
  • Time Frame: Long-term
  • Update Schedule: Daily

Signals:

  • Bullish: Values above 50
  • Bearish: Values below 50

Description/Construction:

  • This indicator is a percentage average of all signals from our long-term oriented indicators. Additionally, the values of all long-term oriented trend- and breadth indicators are shown separately.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Trend Indicators

Trend Trader Index

Overview:

  • Category: Trend (Time-Series Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • This indicator measures the short-term-oriented price trend of the S&P 500. Each envelope line is calculated by taking the 20 day moving average of the daily high/low price of the S&P 500.

Signals:

  • Bullish: S&P 500 closing above the upper envelope line
  • Neutral: S&P 500 closing between both envelope lines
  • Bearish: S&P 500 closing below the lower envelope line

Additional Useful Signals:

  • Bullish: Rising envelope lines
  • Bearish: Declining envelope lines

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Modified MACD

Overview:

  • Category: Trend (Time-Series Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • This indicator measures the short-term-oriented trend momentum of the S&P 500. It is constructed by taking two exponential moving averages for two different time periods. In a strong short-term-oriented trend, the short-term-oriented moving average should rise/fall faster than its longer-term-oriented counterpart.

Signals:

  • Bullish: Short-term moving average (red) above the longer-term-oriented average (blue)
  • Bearish: Short-term moving average (red) below the longer-term-oriented average (blue)

Additional Useful Signals:

  • Divergences between the S&P 500 and the short-term-oriented moving average (red) of the MACD.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Advance-/Decline 20 Days Momentum

Overview:

  • Category: Trend (Tape Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • This indicator measures the short-term-oriented trend momentum of the S&P 500. It is constructed by calculating the rate of change from the delta between advancing and declining issues within the past 20 days.

Signals:

  • Bullish: Values above 0
  • Bearish: Values below 0

Additional Useful Signals:

  • Divergences between the indicator and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Global Futures Trend Index

Overview:

  • Category: Trend (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Daily

Description/Construction:

  • This indicator measures the mid-term-oriented trend of the S&P 500. It is constructed by measuring how many percent of stocks are trading above their 52 weeks’ high.

Signals:

  • Bullish: Values above 60
  • Bearish: Values below 60

Additional Useful Signals:

  • Divergences between the indicator and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Sector Momentum

Overview:

  • Category: Trend (Cross-Sectional Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • This indicator measures the mid-term-oriented trend of the S&P 500. It is constructed by measuring the delta between the momentum score of the S&P 500 and riskless money market within our Sector Momentum Heat Map.

Signals:

  • Bullish: Values above 0
  • Bearish: Values below 0

Additional Useful Signals:

  • Direction of the indicator.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Long-Term Trend Index

Overview:

  • Category: Trend (Time-Series Momentum)
  • Time Frame: Long-term
  • Update Schedule: Weekly

Description/Construction:

  • This indicator measures the long-term oriented trend of the S&P 500. It is constructed by measuring the delta between two long-term oriented moving averages of the S&P 500.

Signals:

  • Bullish: Values above 50
  • Bearish: Values below 50

Additional Useful Signals:

  • Direction of the indicator.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Global Relative Strength Index

Overview:

  • Category: Trend (Cross-Sectional Momentum)
  • Time Frame: Long-term
  • Update Schedule: Weekly

Description/Construction:

  • This indicator measures the relative strength of several regional equity markets and, respectively, U.S. Treasuries in comparison to riskless money markets.

Signals:

  • Bullish: Values above 0
  • Bearish: Values below 0

Additional Useful Signals:

  • Direction of the relative strength score.
  • Markets with a higher/lower relative strength score than others should out-/underperform in relative terms.

WSC Global Momentum

Overview:

  • Category: Trend (Cross-Sectional Momentum)
  • Time Frame: Long-term
  • Update Schedule: Weekly

Description/Construction:

  • This indicator measures the long-term oriented trend of the S&P 500. It is constructed by measuring how many percent of all global equity markets within our WSC Global Momentum Heat-Map are currently in long-term oriented up-trend.

Signals:

  • Bullish: Values above 50
  • Bearish: Values below 50

Additional Useful Signals:

  • Direction of the indicator.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Breadth Indicators

NYSE Volume

Overview:

  • Category: Tape
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • Shows the daily trading volume on the NYSE.

Signals:

  • A huge spike in NYSE volume often indicates a short-term-oriented trend reversal and should, therefore, be counter-checked with other tape indicators.

Stocks Above 20/50 Days Moving Average (Russell 3000)

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • The 20/50-day moving average is a very popular technical indicator to determine a short-term-oriented trend. This indicator measures the percentage of stocks within the Russell 3000 that are trading above their 20- and 50-day moving average, respectively.

Signals:

  • Bullish: Values above 50
  • Bearish: Values below 50

Additional Useful Signals:

  • Direction of the indicator.
  • Divergences between the indicator and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

NYSE New Highs/New Lows Daily

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • NYSE new highs refers to the number of all NYSE listed stocks recording their highest price level in 52 weeks. New lows are the number of all NYSE listed stocks recording their lowest price level in 52 weeks.

Signals:

  • Bullish: Number of new highs greater than new lows
  • Bearish: Number of new highs smaller than new lows

Additional Useful Signals:

  • Divergences between the S&P 500 and new highs/new lows.

High-/Low Index Daily

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • The High-/Low Index Daily is an indicator based on an averaged number of new 52-week highs and 52-week lows. A broad-based and sustainable up-trend should always be accompanied by an increasing amount of new highs and vice versa.

Signals:

  • Bullish: New highs above new lows
  • Bearish: New highs below new lows

Additional Useful Signals:

  • Divergences between the new highs/new lows and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Modified McClellan Oscillator Daily

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • The Modified McClellan Oscillator Daily is a breadth indicator derived from net advances, which is the number of advancing issues less the number of declining issues. Applying two different exponential moving averages gives the indicator. In theory, a sustainable up-trend should always be accompanied by an increasing number of net advances and vice versa.

Signals:

  • Bullish: Short-term moving average (red) above the longer-term-oriented average (blue)
  • Bearish: Short-term moving average (red) below the longer-term-oriented average (blue)

Additional Useful Signals:

  • Divergences between the S&P 500 and the short-term-oriented moving average (red) of the Modified McClellan Oscillator Daily.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Modified McClellan Volume Oscillator Daily

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • The Modified McClellan Volume Oscillator Daily is a breadth indicator derived from net advancing volume, which is the number of advancing daily volume less the number of declining daily volume. Applying two different exponential moving averages gives the indicator. In theory, a sustainable up-trend should always be accompanied by an increasing number of net advancing volume and vice versa.

Signals:

  • Bullish: Short-term moving average (red) above the longer-term-oriented average (blue)
  • Bearish: Short-term moving average (red) below the longer-term-oriented average (blue)

Additional Useful Signals:

  • Divergences between the S&P 500 and the short-term-oriented moving average (red) of the Modified McClellan Volume Oscillator Daily.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Upside-/Downside Volume Index Daily

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • A sustainable up-trend should always be accompanied by a strong increase in upside volume. This shows that the market is under accumulation. This indicator shows an averaged period of daily upside- and downside volume on NYSE.

Signals:

  • Bullish: Upside volume above downside volume
  • Bearish: Upside volume below downside volume

 

Additional Useful Signals:

  • Divergences between the upside and downside volume and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

9-to-1 Up-/Downdays

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Short-Term
  • Update Schedule: Daily

Description/Construction:

  • A 9-to-1 up (down) day is a trading day in which the volume of all NYSE-listed stocks that rose (fell) in price is more than 90% of the total volume of all shares that either rose or fell on that day. A 9-to-1 up (down) day is huge imbalance of up-volume over down-volume which is a significant sign of positive momentum.

Signals:

  • Bullish: 9-to-1 up-volume day
  • Bearish: 9-to-1 down-volume day

Trin

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • The Trin is a breadth indicator developed by Richard Arms in the late 60s. The Trin is calculated by dividing the Advance-/Decline Ratio by the Advance-/Decline Volume Ratio. In general, strong market advances are accompanied by relatively low Trin readings because up-volume overwhelms down-volume to produce a relatively high Advance-/Decline Volume Ratio.
  • It is used to identify short-term overbought and oversold situations. An unsmoothed Trin is quite volatile, therefore, we also show the Trin as a 10-day SMA.

Signals:

  • Bullish: Values of the Trin 10 SMA above 1.25.
  • Bearish: Values of the Trin 10 SMA below 0.8.

Additional Useful Signals:

  • Direction of the indicator.
  • Divergences between the indicator and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Stocks Above 100/150 Days Moving Average (Russell 3000)

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Daily

Description/Construction:

  • The 100/150-day moving average is a very popular technical indicator to determine a mid-term-oriented trend. This indicator measures the percentage of stocks within the Russell 3000 that are trading above their 100- and 150-day moving average, respectively.

Signals:

  • Bullish: Values above 50
  • Bearish: Values below 50

Additional Useful Signals:

  • Direction of the indicator.
  • Divergences between the indicator and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Advance-/Decline Index Weekly

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • In general, strong market advances should always be accompanied by a strong increase in advancing stocks. This shows that the market is under accumulation.
  • The Advance-/Decline Index Weekly shows how many percent of all NYSE listed stocks are advancing (declining) over a specific averaged period.

Signals:

  • Bullish: Advancing issues above declining issues
  • Bearish: Advancing issues below declining issues

Additional Useful Signals:

  • Divergences between the advancing-/declining issues and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Upside-/Downside Volume Index Weekly

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • In general, strong market advances should always be accompanied by a strong increase in advancing volume. This shows that the market is under accumulation. The Upside-/Downside Volume Index Weekly shows the upside-/downside volume of all NYSE listed stocks over a specific averaged period.

Signals:

  • Bullish: Upside volume above downside volume
  • Bearish: Upside volume below downside volume

Additional Useful Signals:

  • Divergences between the upside and downside volume and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Modified McClellan Oscillator Weekly

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • The Modified McClellan Oscillator Weekly is a breadth indicator derived from net advances, which is the number of advancing issues less the number of declining issues. Applying two different exponential moving averages gives the indicator.
  • In theory, a sustainable up-trend should always be accompanied by an increasing number of net advances and vice versa.

Signals:

  • Bullish: Short-term moving average (red) above the longer-term-oriented average (blue)
  • Bearish: Short-term moving average (red) below the longer-term-oriented average (blue)

Additional Useful Signals:

  • Divergences between the S&P 500 and the short-term-oriented moving average (red) of the Modified McClellan Oscillator Daily.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Ratio Russell 2000 vs. S&P 500

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Daily

Description/Construction:

  • The indicator measures the quality of an existing trend by comparing the performance of small-caps (Russell 2000) vs. large-caps (S&P 500). In a healthy market environment, high-beta stocks (small-caps) should have stronger returns than low-beta stocks (large-caps). When the ratio is declines, large-caps are outperforming and vice versa.
  • When small-caps fail to participate in an ongoing up-trend, this may provide an early warning sign of a potential impending downturn in the overall stock market.

Signals:

  • Bullish: Rising indicator (small-caps are outperforming)
  • Bearish: Declining indicator (large-caps are outperforming)

Additional Useful Signals:

  • Bullish: 50-day moving average above 200-day moving average
  • Bearish: 50-day moving average below 200-day moving average

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Total Number of Hindenburg Omen (Rolling 30 days)

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Daily

Description/Construction:

  • The indicator is a combination of technical factors that measure the health of the NYSE and by extension, the stock market as a whole. The goal is to signal increased probability of a stock market crash.
  • To trigger a Hindenburg Omen, the stock market must meet four criteria:
    • The NYSE Index is trading above its 50-day moving average
    • The percentage of stocks making new 52-week highs and 52-week lows are both at least 2.8%.
    • The number of 52-week highs is not more than twice the number of 52-week lows.
    • The McClellan Oscillator Daily is negative
  • Once the signal has occurred, it is valid for 30 trading days. As a consequence, the indicator shows a 30-day rolling sum of all Hindenburg Omen which occurred in that time period.

Signals:

  • Bullish: –
  • Bearish: the greater the number of Hindenburg Omens observed, the higher the probability of a stock market crash to occur within the next 30 days.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Advance-/Decline Line Daily

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Daily

Description/Construction:

  • This indicator cumulates the delta between advancing and declining stocks on NYSE. The indicator rises when advances exceed declines and falls when declines exceed advances.

Signals:

  • Bullish: Positive divergences between the indicator and the S&P 500.
  • Bearish: Negative divergences between the indicator and the S&P 500.

Additional Useful Signals:

  • Direction of the indicator.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Advance-/Decline Volume Line Daily

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Daily

Description/Construction:

  • This indicator cumulates the delta between advancing and declining volume on NYSE. The indicator rises when advancing volume exceeds declining volume and falls when declining volume exceeds advancing volume.

Signals:

  • Bullish: Positive divergences between the indicator and the S&P 500.
  • Bearish: Negative divergences between the indicator and the S&P 500.

Additional Useful Signals:

  • Direction of the indicator.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Advance-/Decline Line Weekly

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • This indicator cumulates the delta between weekly advancing and declining stocks on NYSE. The indicator rises when weekly advances exceed declines and falls when weekly declines exceed advances.

Signals:

  • Bullish: Positive divergences between the indicator and the S&P 500.
  • Bearish: Negative divergences between the indicator and the S&P 500.

Additional Useful Signals:

  • Direction of the indicator.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Advance-/Decline Volume Line Weekly

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • This indicator cumulates the delta between weekly advancing and declining volume on NYSE. The indicator rises when weekly advancing volume exceed declining volume and falls when weekly declining volume exceed advancing volume.

Signals:

  • Bullish: Positive divergences between the indicator and the S&P 500.
  • Bearish: Negative divergences between the indicator and the S&P 500.

Additional Useful Signals:

  • Direction of the indicator.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Stocks Above 200 Days Moving Average (Russell 3000)

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Long-term
  • Update Schedule: Daily

Description/Construction:

  • The 200-day moving average is a very popular technical indicator to determine a long-term oriented trend. This indicator measures the percentage of stocks within the Russell 3000 that are trading above their 200-day moving average.

Signals:

  • Bullish: Values above 50
  • Bearish: Values below 50

Additional Useful Signals:

  • Direction of the indicator.
  • Divergences between the indicator and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Percentage NYSE Weekly New Highs/New Lows

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Long-term
  • Update Schedule: Weekly

Description/Construction:

  • NYSE new highs refers to the average number of all NYSE listed stocks recording their highest price level in 52 weeks. New lows are the average number of all NYSE listed stocks recording their lowest price level in 52 weeks.

Signals:

  • Bullish: Number of new highs greater than new lows
  • Bearish: Number of new highs smaller than new lows

Additional Useful Signals:

  • Divergences between the S&P 500 and new highs/new lows.

High-/Low Index Weekly

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Long-term
  • Update Schedule: Weekly

Description/Construction:

  • The High-/Low Index Weekly is an indicator based on an averaged number of new 52-week highs and 52-week lows. In general, strong market advances are accompanied by an increasing amount of new highs and vice versa.

Signals:

  • Bullish: New highs above new lows
  • Bearish: New highs below new lows

Additional Useful Signals:

  • Divergences between the new highs/new lows and the S&P 500.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Modified McClellan Volume Oscillator Weekly

Overview:

  • Category: Breadth (Tape Momentum)
  • Time Frame: Long-term
  • Update Schedule: Weekly

Description/Construction:

  • The Modified McClellan Volume Oscillator Weekly is a breadth indicator derived from net advancing volume, which is the number of advancing daily volume less the number of declining daily volume. Applying two different exponential moving represents the indicator.
  • In theory, a sustainable up-trend should always be accompanied by an increasing number of net advancing volume and vice versa.

Signals:

  • Bullish: Short-term moving average (red) above the longer-term-oriented average (blue)
  • Bearish: Short-term moving average (red) below the longer-term-oriented average (blue)

Additional Useful Signals:

  • Divergences between the S&P 500 and the short-term-oriented moving average (red) of the Modified McClellan Volume Oscillator Weekly.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Contrarian Indicators

Advance-/Decline Ratio

Overview:

  • Category: Contrarian (Tape Condition)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • This overbought and oversold indicator shows the smoothed ratio between advancing issues over declining issues.

Signals:

  • Bullish: Values below 0.6
  • Bearish: Values above 1.6

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Upside-/Downside Volume Ratio

Overview:

  • Category: Contrarian (Tape Condition)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • This overbought and oversold indicator shows the smoothed ratio between advancing volume over declining volume.

Signals:

  • Bullish: Values below 0.6
  • Bearish: Values above 1.6

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Capitulation Index

Overview:

  • Category: Contrarian (Dumb Money)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • The WSC Capitulation Index measures when Dumb Money is getting too greedy. The WSC Capitulation is calculated according to a proprietary formula by measuring the buying behaviour of dumb money in the first minutes after opening.
  • WSC Capitulation Index Fisher Transformation: The Fisher Transformation is a statistical method to standardize values between 0 and 1.

Signals:

  • Bullish: Declining values or Fisher Transformation below 0.8
  • Bearish: Increasing values or Fisher Transformation above 0.8

Additional Useful Signals:

  • Absolute level of the WSC Capitulation Index.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

AII CBOE Put/Call Ratio

Overview:

  • Category: Contrarian (Market Sentiment)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • The Put/Call Ratio is an indicator that shows put volume relative to call volume. Put options are used to hedge against market weakness or bet on a decline. Call options are used to hedge against market strength or bet on an advance. The Put/Call Ratio is above 1 when put volume exceeds call volume and below 1 when call volume exceeds put volume.  An additional 10-day moving average is shown in the chart. Typically, this indicator is used to gauge market sentiment.
  • Put-/Call Ratio Z-Score: The z-score is used in statistics to determine how many standard deviations an observed value trades below or above its mean. If the z-score is 0, it indicates that the data point’s score is identical to the mean score. A z-score of 1.0 would indicate a value that is one standard deviation from the mean. Z-scores may be positive or negative, with a positive value indicating the score is above the mean and a negative score indicating it is below the mean.

Signals:

  • Bullish: Z-scores above 1
  • Bearish: Z-scores below -1

Additional Useful Signals:

  • Direction of the z-score.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

AII Bulls/Bears Survey

Overview:

  • Category: Contrarian (Market Sentiment)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • This indicator measures the bullishness or bearishness of the members from the American Association of Individual Investors. The Association of Individual Investors takes a weekly survey by asking its members if they are bullish, bearish or neutral.
  • AII Bulls & Bears Z-Score: The z-score is used in statistics to determine how many standard deviations an observed value trades below or above its mean. If the z-score is 0, it indicates that the data point’s score is identical to the mean score. A z-score of 1.0 would indicate a value that is one standard deviation from the mean. Z-scores may be positive or negative, with a positive value indicating the score is above the mean and a negative score indicating it is below the mean.

Signals:

  • Bullish: Z-scores below -1
  • Bearish: Z-scores above 1

Additional Useful Signals:

  • Absolute level of bulls and bears.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Smart Money Flow Index (SMFI)

Overview:

  • Category: Contrarian (Smart Money)
  • Time Frame: Mid-term
  • Update Schedule: Daily

Description/Construction:

  • The SMFI was developed by Rudolf Koch in 1997 and is a trademark of WallStreetCourier.com. The SMFI is based on the idea of Don Hays’ Smart Money Index (SMI) but uses a more efficient formula to remove emotional transactions from the price action of the Dow Jones Industrial Average.
  • The Smart Money Flow Index is calculated according to a proprietary formula by taking the action of the Dow in two time periods: the first 30 minutes and the last hour. The first 30 minutes represent emotional buying, driven by greed and fear of the crowd based on good and bad news. There is also a lot of buying on market orders and short covering at the opening. Smart money waits until the end and they very often test the market before by shorting heavily just to see how the market reacts. Then they move in the big way. These heavy hitters also have the best possible information available to them and the edge on all the other market participants.

Signals:

  • Bullish: Bullish divergences between the SMFI and the Dow Jones Industrial Average
  • Bearish: Bearish divergences between the SMFI and the Dow Jones Industrial Average

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Dumb Money Indicator

Overview:

  • Category: Contrarian (Dumb Money)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • The WSC Dumb Money Indicator is calculated according to a proprietary formula. It measures when the buying or selling activity from dumb money gets too extreme.

Signals:

  • Bullish: Values below 45
  • Bearish: Values above 55

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Timing Indicator

Overview:

  • Category: Contrarian (Market Sentiment)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • The WSC Timing Indicator is calculated according to a proprietary formula. It measures when the buying or selling activity from market participants gets too extreme.

Signals:

  • Bullish: Values below 0.3
  • Bearish: Values above 0.7

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

AII CBOE Put-/Call Ratio Oscillator

Overview:

  • Category: Contrarian (Market Sentiment)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • The Put/Call Ratio is an indicator that shows put volume relative to call volume. Put options are used to hedge against market weakness or bet on a decline. Call options are used to hedge against market strength or bet on an advance. This indicator measures the momentum of All CBOE put-/call ratios. It is constructed by calculating the z-score of two exponential moving averages for two different time periods.
  • Put-/Call Ratio Oscillator Z-Score: The z-score is used in statistics to determine how many standard deviations an observed value trades below or above its mean. If the z-score is 0, it indicates that the data point’s score is identical to the mean score. A z-score of 1.0 would indicate a value that is one standard deviation from the mean. Z-scores may be positive or negative, with a positive value indicating the score is above the mean and a negative score indicating it is below the mean.

Signals:

  • Bullish: Values below -2
  • Bearish: Values above 2

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Equity Options Put-/Call Ratio Oscillator

Overview:

  • Category: Contrarian (Market Sentiment)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • The Call-/Put Ratio is an indicator that shows put volume relative to call volume. Put options are used to hedge against market weakness or bet on a decline. Call options are used to hedge against market strength or bet on an advance. This indicator measures the momentum of all CBOE equity put-/call ratios.It is constructed by calculating the z-score of two exponential moving averages for two different time periods.
  • Call-/Put Ratio Oscillator Z-Score: The z-score is used in statistics to determine how many standard deviations an observed value trades below or above its mean. If the z-score is 0, it indicates that the data point’s score is identical to the mean score. A z-score of 1.0 would indicate a value that is one standard deviation from the mean. Z-scores may be positive or negative, with a positive value indicating the score is above the mean and a negative score indicating it is below the mean.

Signals:

  • Bullish: Values below -2
  • Bearish: Values above 2

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Put-/Volume Ratio

Overview:

  • Category: Contrarian (Market Sentiment)
  • Time Frame: Short-term
  • Update Schedule: Daily

Description/Construction:

  • The Put-/Volume Ratio is an indicator that shows put volume relative to total volume. Put options are used to hedge against market weakness or bet on a decline.  An additional 10-day moving average is shown in the chart. Typically, this indicator is used to gauge market sentiment.
  • Put-/Volume Ratio Z-Score: The z-score is used in statistics to determine how many standard deviations an observed value trades below or above its mean. If the z-score is 0, it indicates that the data point’s score is identical to the mean score. A z-score of 1.0 would indicate a value that is one standard deviation from the mean. Z-scores may be positive or negative, with a positive value indicating the score is above the mean and a negative score indicating it is below the mean.

Signals:

  • Bullish: Z-scores above 1
  • Bearish: Z-scores below -1

Additional Useful Signals:

  • Direction of the z-score.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Put-/Volume Ratio Oscillator

Overview:

  • Category: Contrarian (Market Sentiment)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • The Put-/Volume Ratio is an indicator that shows put volume relative to total volume. Put options are used to hedge against market weakness or bet on a decline.  Typically, this indicator is used to gauge market sentiment.
  • This indicator measures the momentum of all CBOE equity put volume options. It is constructed by calculating the z-score of two exponential moving averages for two different time periods. When the momentum of puts is increasing faster than the momentum of call options, the gauge should rise and vice versa.
  • Put-/Volume Ratio Z-Score: The z-score is used in statistics to determine how many standard deviations an observed value trades below or above its mean. If the z-score is 0, it indicates that the data point’s score is identical to the mean score. A z-score of 1.0 would indicate a value that is one standard deviation from the mean. Z-scores may be positive or negative, with a positive value indicating the score is above the mean and a negative score indicating it is below the mean.

Signals:

  • Bullish: Values below -2
  • Bearish: Values above 2

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

WSC Volatility Index Oscillator

Overview:

  • Category: Contrarian (Market Sentiment)
  • Time Frame: Mid-term
  • Update Schedule: Weekly

Description/Construction:

  • The Volatility Index Oscillator shows the delta between the CBOE Volatility Index and its 10-day moving average.

Signals:

  • Bullish: Values below 0
  • Bearish: Values above 0

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

Presidential, Decennial, Juglar & Kitchin Cycle

Overview:

  • Category: Contrarian (Seasonal Patterns)
  • Time Frame: Mid-term
  • Update Schedule: Daily

Description/Construction:

  • Presidential Cycle:
    • It is calculated by taking the daily average historical performance of the Dow Jones Industrial Average since 1885 only during the relevant election years (election year, post-election year, midterm year or pre-election year).
  • Decennial Cycle:
    • The Decennial Cycle in US stock prices was first proposed by Smith (1939). Smith researched equity prices back to 1880 and came to the conclusion that a 10-year pattern, or cycle, of stock price movements had more or less reproduced itself over that 58-year period. Years ending in certain digits usually experienced similar market outcomes, a trend that persisted over a century.
  • Juglar Cycle:
    • The Juglar cycle is a fixed investment cycle of 7 to 11 years identified in 1862 by Clément Juglar. He found boom and bust waves of 9 to 11 years.
  • Kitchin Cycle:
    • Kitchin cycle is a short business cycle of about 40 months discovered in the 1920s by Joseph Kitchin.

Signals:

Just acts as general guideline and should, therefore, not be seen as precise trading plan.

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart.  The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

NYSE Short Interest Ratio

Overview:

  • Category: Contrarian (Market Sentiment)
  • Time Frame: Long-term
  • Update Schedule: Weekly

Description/Construction:

  • The NYSE Short Interest Ratio is great metric that can be used to determine the sentiment of the overall market. When a large amount of short selling activity is taking place, market participants obviously expect prices to head lower.
  • The NYSE Short Interest Ratio is, therefore, a long-term contrary opinion sentiment indicator. It is calculated by dividing the monthly short interest figure released by the New York Stock Exchange by the average volume of trading per day.

Signals:

  • Bullish: Low values
  • Bearish: High values

Chart Details:

  • According to the selected view, the return of each index within a pre-defined time frame is shown as percentage number in the upper part of the chart. The pre-defined time frame depends on the underlying data frequency.  Daily data charts are subdivided on a monthly or quarterly basis, whereas weekly data charts are split into quarterly or yearly sub periods.

 

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