IBD Market School

Yes, there is a control panel within the TOS system that let’s you do individual switches. Actually, when everything is on (mainly full labels) it’s impossible to look at much more than a few days. Here’s a chart with a few weeks:

Now, switch off most everything off except Rally Days, FTDs and Distribution Days, you get this:

You can also turn off the Candle description bubbles leaving just the tags, which cleans things up a lot:

The Chart Labels, the colored boxes in the upper left hand corner, list New Distribution Days total (hard to see in light green), Market Exposure which is the buy signal count, Buy Switch on or off and the status of the Power Trend. I’m sure what you are thinking, and I totally agree, this is probably most useful in trying to have a chart that you can glance at and get the key info. Especially at rallys and pullbacks. This can largely do it, but it’s a huge script and it’s a bit awkward in trying to adjust things such as colors. While probably a project to be thrown on the list of “to-do’s” for the next rainy season, I think I can modify it some to be simpler and help mainly with starts and stops of uptrends. At least as an adjunct.

I’ve listed downloading it before, on it’s own thread, Thinkscript for IBD stuff. This is a great site if you use TOS and play with thinkscript. It is both a free site and has a paid component. I have used so much stuff from it that I pay. It’s only fair. They have some scripts that are restricted to paid members, but this one seems to be in the public domain. You obviously have to have TOS (also free) and even if you don’t use it as your main trading platform, it has a lot of other value to make it worth trying. They state on IBD Live page that they use TOS for options and candlesticks, so you can be like Webby.

TradingView has a very clean looking chart system that is very adjustable and have some enhanced displays for the data. But it costs, I think as a subscription so is a constant charge. But what I have seen looks very nice.

Lakedog

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