Williamoneil — Indicators and Strategies

Follow Through Day (FTD) + Sweep [TrendX_]The Follow Through Day (FTD) + Sweep indicator is a Trend-following tool mixing William O'Neil's original FTD concept and Liquidity concept. This indicator helps you identify potential subsequent bullish trends with greater precision by combining volume analysis, price action, and liquidity concepts. 💎 FEATURES Follow Through Day Candle (FTD Candle) The FTD, pioneered by William O'Neil, serves as a reliable signal for identifying the beginning of new bull markets. It's particularly valuable because it combines multiple market factors - price action, volume, and timing - to confirm genuine market reversals rather than temporary bounces. The power of the FTD lies in its ability to distinguish between ordinary market fluctuations and significant trend changes. By requiring specific criteria to be met across multiple sessions, it helps filter out false signals and identifies high-probability reversal points where institutional investors are likely beginning to accumulate positions. Sweep Area The Sweep area feature enhances the traditional FTD concept by incorporating modern liquidity analysis. This overlay identifies zones where large market participants are likely to trigger stop losses before continuing the trend. These areas often represent optimal entry points for traders looking to join the new uptrend with reduced risk. 🔎 BREAKDOWN FTD Candle The FTD formation process occurs in two distinct phases: Setup and Completion. Setup Phase Strong Market Decline The market must first experience a significant downtrend This selling pressure helps clear out weak hands and creates oversold conditions The decline creates the potential energy for a powerful reversal First Recovery Session Marks the initial sign of buying pressure emerging Often characterized by a strong reversal candle Represents the first indication that selling pressure may be exhausting Recovery Confirmation The second and third days must maintain prices above the new pivot low This consolidation period helps confirm the validity of the initial bounce Shows that sellers are no longer in control of price action Completion Phase: Supply Test Session Low volume indicates diminishing selling pressure Price remains above the pivot low Creates the foundation for institutional buyers to begin accumulating Breakout Day Price increase exceeds average profit of bullish candles Volume increases by at least 15% compared to previous session Shows strong institutional commitment to the new uptrend Timing Window Must occur between the 4th and 8th candle after First Recovery Session This specific timing helps confirm the sustainability of the reversal Based on O'Neil's research of historical market bottoms FTD Sweep The Post-FTD Phase introduces the Sweep concept, which is crucial for understanding how large market participants operate. This feature leverages the liquidity concept because institutional traders often need to trigger stop losses to accumulate larger positions at better prices. This helps: Create liquidity pools for large position entries Shake out weak hands before continuing the trend Test the strength of the new trend by absorbing selling pressure ⚙️ USAGE Sweep + TP & SL Strategy Example: BTCUSDT (1D) - Replay back to 9th November 2024 After an FTD candle forms, traders can adopt a systematic approach to enhance their trading strategy. First, they should determine the swing range and convert the post-FTD zone into concrete stop loss and take profit levels, which are based on the price action during the FTD formation. Next, traders should wait for a sweep formation, as this indicates that institutional players are accumulating positions. A quick price rejection from the sweep level should be observed before executing an entry. The reasoning behind this strategy is rooted in market microstructure. By waiting for the sweep, traders position themselves alongside institutional players who need to build large positions without causing adverse price movement. The sweep creates the liquidity they need, and the subsequent move often represents the true trend continuation. DISCLAIMER This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.

Analytics Trading Dashboard The Analytics Trading Dashboard is a tool designed to bring key information about a company into an easy-to-view dashboard. The indicator combines Company Info, Fundamental Data, Price & Volume Data, and Analyst Recommendations all into one table. Let’s dive into the details by section: Company Info: Name – Company name. Market Cap – Total dollar market value of the company’s outstanding shares of stock. Float Shares / Shares Outstanding – Floating shares indicate the number of shares available for trading. Outstanding shares are any shares held by shareholders and company insiders. Sector – The stock's sector. Industry Group - The industry group the stock belongs to. IPO Date – Date on which a security is first publicly traded. Dividend – The latest dividend amount if the company pays one. Fundamental Data: EPS Due – The date the company is set to report earnings next. EPS Est Next Qtr – The earnings per share estimate for the upcoming report. EPS Est % Chg (Current Qtr) – The earnings growth as a percentage based on the reported earnings of the same quarter from the previous year. EPS % Chg (Last Qtr) – The earnings growth of the last reported quarter as a percentage versus the same quarter from the previous year. Last Qtr EPS Surprise – The amount reported earnings beat or missed estimates from the last reported quarter. Last 3 Qtrs Avg. EPS Growth – The average percentage growth of the last 3 earnings reports. # Qtrs of EPS Acceleration – The number of consecutive quarters that EPS has increased. Last 3 Qtrs Avg. Rev Growth – The average percentage growth of the last 3 revenue numbers reported. # Qtrs of Rev Acceleration – The number of consecutive quarters that revenue has increased. Gross Margin – Measures gross profit compared to revenue as a percentage. Debt/Equity Ratio – The ratio of debt to equity, or financial leverage. Price and Volume Data: 52 Week High – The highest high of the last 52 weeks. % Off 52 Week High – The percentage the current price has decreased from the 52-week high. Price vs. Moving Average – The distance as a percentage that the current price is from the selected moving average. Average Volume – The average number of shares traded based on the selected lookback period. Average $ Volume – The average of the total value of shares traded based on the selected lookback period. Pocket Pivots – The number of pocket pivots that have occurred in the selected lookback period. Up/Down Volume Ratio - A 50-day ratio derived by dividing total volume on up days by the total volume on down days. ATR – The average true range shown as a dollar value and percentage of current price. ADR – The average daily range shown as a dollar value and percentage of current price. Beta - Beta is a measure of its volatility relative to the overall market, indicating how much the stock's price is expected to fluctuate compared to the market average. Analyst Ratings: Strong Buy – The number of strong buy recommendations. Buy – The number of buy recommendations. Hold – The number of hold recommendations. Sell – The number of sell recommendations. Strong Sell – The number of strong sell recommendations. The Analytics Trading Dashboard also comes with the flexibility to select your preferred moving average for price and volume analysis, as well as to choose the specific lookback period for calculating the Average True Range (ATR), Average Daily Range (ADR), and Pocket Pivots lookback period.

MarketSmith Daily Market Indicators MarketSmith Daily Market Indicators is designed to mimic the Daily Market Indicators tab found in MarketSmith. This tab contains 4 different secondary indicators to help gauge the health of the overall market. This indicator allows you to choose which of the 4 indicators to show, as well as which index to pull data from, Nasdaq or NYSE. There is also a snapshot table showing the following: # of stock advancing and up volume # of stocks declining and down volume # of stock unchanged and unchanged volume # of stocks making new highs and new lows Now let's look at the 4 indicators and how they work. Advance/Decline Line Plots the number of advancing shares vs the number of declining shares. Heavily weighted index stocks can skew price action, this line helps reveal that and whether most stocks are aligned with the trend. Short Term Overbought/Oversold Oscillator A 10-day moving average of the number of stocks moving up in price less the number of stocks moving down in price. 10 Day Moving Average of Up & Down Volume Two 10 day moving averages to represent the volume of all stocks. Blue line: total volume of all stocks moving up in price. Red line: the total volume of all stocks moving down in price. 10 Day Moving Average of New Highs & New Lows Two 10-day moving average to represent stocks making new highs and new lows. Blue line: The number of stocks making new price highs. Red line: The number of stocks reaching new lows. Note this indicator is designed to work on a daily time frame chart. Data typically updates 90 minutes after the close. Data may differ from Marketsmith due to different providers, however the general trends are the same.

Webby % Off 52 Week This indicator measures a stocks distance from its 52 week high. The concept is based on what Mike Webster shared on his appearance on IBD Live, allowing users to see if a current pullback from the highs is normal compared to historical pullbacks or if more attention is warranted. It is also important to pay attention to a stocks 52 week high in relation to it's current price to confirm trend, spot potential breakout levels or see if the high acts as an area of resistance. The indicator has 3 different zones with shaded backgrounds to easily spot the distance off of the high. Zones Green Zone - 0 to 8% off highs Yellow Zone - 8 to 15% off highs Red Zone - 15 to 25% off highs Similar Healthy Pullbacks Possible concern as pullback undercuts previous pullback level

Up/Down Volume Ratio Up/Down Volume Ratio is calculated by summing volume on days when it closes up and divide that total by the volume on days when the stock closed down. High volume up days are typically a sign of accumulation(buying) by big players, while down days are signs of distribution(selling) by big market players. The Up Down volume ratio takes this assumption and turns it into a tangible number that's easier for the trader to understand. My formula is calculated using the past 50 periods, be warned it will not display a value for stocks with under 50 periods of trading history. This indicator is great for identify accumulation of growth stocks early on in their moves, most of the time you would like a growth stocks U/D value to be above 2, showing institutional sponsorship of a stock. Up/Down Volume value interpretation: U/D < 1 -> Bearish outlook, as sellers are in control U/D = 1 -> Sellers and Buyers are equal U/D > 1 -> Bullish outlook, as buyers are in control U/D > 2 -> Bullish outlook, significant accumulation underway by market makers U/D >= 3 -> MONSTER STOCK ALERT, market makers can not get enough of this stock and are ravenous to buy more U/D values greater than 2 are rare and typically do not last very long, and U/D >= 3 are extremely rare one example I kind find of a stock's U/D peaking above 3 was Google back in 2005. MAKE SURE TO HIT THE SETTINGS WHEEL AND CHECK THE BOX NEXT TO PLOT IN ORDER TO GET RID OF THE PLOTTED LINE.