Short-term Indicators
Breadth Summation Index (BSI)
Tick ratios of trades at Ask
The Tick ratios are very volatile, but their moving averages do indicate whether a trend is bought into (at Ask) or sold into (at Bid). Periods of high Tick are followed by periods of low Tick, and this over many time periods, from hours to days. When the Tick gets too high or low, the market is often near a short term turning point.
Charts courtesy of StockCharts.com
Charts courtesy of StockCharts.com
Trin/Arms index
The Trin/Arms indices are the ratio of Advancing/Declining issues vs Up/Down Volume and are very volatile, but their moving averages do indicate when most of the volume is with the current trend and a sign of a capitulation. Periods of high Trin are followed by periods of low Trin, and this over many time periods, from hours to days. When the Trin gets too high or low, the market is often near a short term turning point.
Charts courtesy of StockCharts.com
Charts courtesy of StockCharts.com
Put/Call ratios
Charts courtesy of StockCharts.com
Charts courtesy of StockCharts.com
Advance/Decline Ratio
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Charts courtesy of StockCharts.com
Up/Down Volume Ratio
Charts courtesy of StockCharts.com
Charts courtesy of StockCharts.com