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Market Thrust

1,156 bytes added, 13:32, 30 September 2021
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=== Definition ===
Coming soonThe Market Thrust indicator is used to determine overbought and oversold markets based on advancing and declining market issues and volume. Market Thrust measures the rising and falling trends by its volume and then subtracts these results. <br>'''The Market Thrust formula''': (N of advancing issues * advancing vol) - (N of declining issues * declining vol).<br> <br> The Market Thrust indicator also calculates an average of the Market Thrust which is less sensitive to short reversals.  <div style="background-color: #E3FBE5;">'''Note''': Data1, Data2 should have advancing issues and Data3 & Data4 should have declining issues.</div>
=== Default Inputs===
'''AdvIssues'''set a PowerLanguage expression that represents the number of issues trading above their previous day's Close, close of data1by default.
'''Adv Vol'''set a PowerLanguage expression that represents the volume of issues trading above their previous day's Close, close of data2by default.
'''DecIssues'''set a PowerLanguage expression that represents the number of issues trading below their previous day's Close, close of data3by default.
'''DecVol'''set a PowerLanguage expression that represents the volume of issues trading below their previous day's Close, close of data4by default.
'''SmoothingLength'''set the number of bars to use in the moving average, 14 by default.
[[Category:Pre-built Indicators]]