# DOW 30 - Market Breadth

Zaktualizowano
DOW 30 indicator is intended for short-term intraday analysis and should not be used solely alone. Best to use this indicator in a combination with technical and fundamental analysis.

This indicator is calculated from all stocks in the DJI as of 8/9/2022;
- Evaluating VWAP,
- 9 EMA,
- 20 EMA.

Vwap Calculations;
Stock above Vwap = 1 (Vwap Bull),
Stock below Vwap = 1 (Vwap Bear),
As there are 30 stocks in the DJI, there is a max value of 30 Vwap Bulls/ Vwap Bears.

Ema Calculation;
Stock above 9 EMA = 0.5 (EMA Bulls),
Stock below 9 EMA = 0.5 (EMA Bears),

Stock above 20 EMA = 0.5 (EMA Bulls),
Stock below 20 EMA = 0.5 (EMA Bears),

For the EMA Bulls to reach 30 all stocks must be trading above both the 9 EMA and 20 EMA to reach a Max Value of 30.
The reasoning for this calculation is to suggest the current strength and speed of the current turn in the market.

Horizontal Lines:

There are three horizontal lines, MAX, MIN & Neutral;

MAX & MIN
Resides at the 30 & 0 levels suggesting the market is currently at an extreme. Representing all stocks are moving in the same direction together.
When the MAX or MIN are represented in the VWAP Line this represents directional conviction in the underlining DJI.

Neutral
Neutral resides at the 15 level and represents that the market is either about to make a decision or is choppy.

EXAMPLE
Below are some examples of how the DOW 30 indicator is able to represent the current market conditions.

Understand Current Market Conditions, either being Bullish, Neutral, or Bearish.

See live Market Mechanics, and understand the current market direction on a short-term timeframe.

DOW 30 indicator is intended for short-term intraday analysis and should not be used solely alone. Best to use this indicator in a combination with technical and fundamental analysis.
If there are any additional requests to the indicator feel free to leave a comment or privet message.
Best of luck trading.

Informacje o Wersji:
*UPDATE
Standard View of the momentum indicator (EMA) to plot style area.
Informacje o Wersji:
Updated To V2
All stocks Weighted to the DJI index,

Addition of the Advance / Decline Line

Momentum & Vwap Algo Weighted to the index.
Informacje o Wersji:
NA
Skrypt open-source

Zgodnie z prawdziwym duchem TradingView, autor tego skryptu opublikował go jako open-source, aby traderzy mogli go zrozumieć i zweryfikować. Brawo dla autora! Możesz używać go za darmo, ale ponowne wykorzystanie tego kodu w publikacji jest regulowane przez Dobre Praktyki. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.

Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.

Chcesz użyć tego skryptu na wykresie?