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Two Market Internals that keep you on right side of the Market


Most indicators are lagging unless you look at them on multiple timeframes. However, market internals like up/down volume and advance/decline line give you real-time information on the market. They tell you what's going on under the hood. If you day trade you want to trade with the market not against it to stack the probability in your favor.

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This script adds a label on the chart and states how much has the stock corrected from the 52 week high. It plots two lines that by default gives you correction levels at 10% and 20%. Both of these