MARKET THRUST

[Apprentice]

As described in the article, Market Thrust by Tushar S. Chande.
MT= ((AI*AV)- (DI*DV))/Scaling

AI = # Advancing issues
AV = Advancing volume
DI = # Declining issues
DV = Declining volume

MT.lua

(5.49 KiB) Downloaded 522 times

The indicator was revised and updated

[Apprentice]

MO = (AI*AV-DI*DV)/ (AI*AV+DI*DV)

TO.lua

(5.39 KiB) Downloaded 459 times

[Apprentice]

MT-line is thecumulative value of market thrust and provides the equivalent of a volume-based advance-decline line.
MARKET TRUST LINE = MARKET THRUST[-1] +MARKET THRUST

ML.lua

(5.51 KiB) Downloaded 546 times

[Apprentice]

Indicator was revised and updated.