Powerful tools built into TradeStation: moving averages and index members
TradeStation’s platform is renowned for allowing customers to build their own tools. But did you know that it also includes hundreds of useful indicators for special purposes, available free to everyone?
Our servers constantly monitor major indices such as the S&P 500, the Nasdaq-100 and the NYSE Composite. They offer data such as the number of stocks making new highs and lows, companies above their 50-day moving averages, and rising and falling emissions.
It’s interesting today because recent market volatility has driven some of these indexes to surprisingly low levels. For example, did you know that only 22 members of the Nasdaq-100 closed above their 50-day moving averages on September 24? It was the lowest total since April 3 as the market rebounded from the Covid crash.
It is also well below the long-term average with over 60 stocks being above this key level.
The S&P 500 is in a similar situation, with only 121 index members on its 50-day MA.
Want more facts like this? Here are some useful clues calculated all the time, available for mapping and analysis. We will have more in the next articles.
|$ 50DMAAND||Nasdaq-100 shares on 50-day MA|
|$ 200DMAAND||Nasdaq-100 shares on an MA of more than 200 days|
|$ 50DMAASP||S&P 500 actions over 50 days MA|
|$ 200DMAASP||S&P 500 stocks over 200 days MA|
|$ 50DMAARL||Russell 2000 Stocks over 50 days MA|
|$ 200DMAARL||Russell 2000 Stocks Over 200 Days MA|
|$ 50DMAAI||Dow Jones Industrial Stocks over 50 Days MA|
|$ 200DMAAI||Dow Jones Industrial Stocks Over 200 Days MA|