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IBD Eureka & Phoenix Thrust

IBD Eureka & Phoenix Thrust

Assessing the general market direction is important for your trading. According to investing legend William O'Neil about 50% of the leading stocks price performance is linked to it's industry, sector and market. Having glasses to see the signs is invaluable


    ––––History & Credit
    The indicator was taught to me by an advanced IBD Masterclass that I attended about 8 years ago. When it happens it is noteworthy.

    –––––What it does
    It shows when there is a positive breadth thrust. It calculates, based on IBD's backtested criteria a strong breadth thrust in either direction. Up or down. The IBD guidelines is to use the NYSE market for this but I have made it so that you can choose between NYSE, AMEX, NASDAQ. The best signals happen within 2 weeks of Follow Through Day.

    The indicator prints 2 signals only in a form of an arrow.
    1. Eureka Thrust - this is the positive breadth thrust, prints under the bar pointing up
    2. Phoenix Thrust - this is the negative breadth, prints over the bar pointing down

    –––––How to use it
    The arrows show positive or negative environment for trading. The results happen close to the turn of the trend. It should be used as part of the general market assessment.

    I use the indicator on the S&P500 or NASDAQ Composite Daily timeframe . I take into consideration this indicator to determine my market exposure.


    For Tradingview:

    After you have purchased the indicator have to send us your TradingView username in order to get access.

  • TradingView PRODUCT

    Link to TradingView script


    After payment is made, access to the script will be given within 2 hours


    If you are looking for Promo videos, where you can compare the original indicators to what we have creted there are plenty of public information in Youtube. If you have trouble finding them shoot us a message.

$500.00 Regular Price
$249.00Sale Price
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