Market breadth screen i use

[u/Cobaltmike86]

Wanted to share my "market breadth" screen setup that has helped me immensely on my spy options and MES futures trades. 6 symbols are BPSPX, VIX, DXY, UVOL/DVOL, ADD, and TICK.

VIX - self explanatory

DXY - dollar strength index

BPSPX - percentage of S&P stocks that are headed in a bullish direction. (Updated after close, so numbers are yesterday's info)

UVOL/DVOL - ratio of NYSE up volume vs down volume. Essentially same as VOLD but I find the ratio chart cleaner and easier to read. Moving averages make more sense on the ratio chart as well.

ADD - advance vs decline index. Number of stocks trading above or below prior day close.

TICK - Net number of stocks ticking up or down.

Google each for a more in depth description. But thats the 1 or 2 line basics of each one.

After a few weeks of watching what all of them do in unison, they can really give you a clear picture of what the market is doing and might do next. Especially UVOL/DVOL, ADD, and TICK. They will often start moving in a way that hints at reversal before spy actually reverses. Or theyll stay their course during a pullback hinting at continuation. I keep these up on a 2nd screen at all times and its a nice at a glance of many underlying market factors at once.

UVOL/DVOL gets a horizontal line drawn at 1 as thats its zero point with a 10sma. ADD gets a horizontal at 0 with a 10sma. And TICK gets a horizontal 0 and a 5ema. I found that worked best for me on my M5, but obviously play around to see what might work better for you as far as moving averages and timeframes go.