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Highs/Lows and Put/Calls
The Nasdaq 5 day Highs / Lows ratio is a great trend indicator shown as a white line on the chart below. It will tend to make higher highs and flat lows as the trend is up and start making lower lows as the trend turns down. It also marks good trading lows when turning up from a deep low.
The 20 day Equity only and Total Put /Calls ratios shown as the top and bottom blue lines are a monthly trend indicator. They show how much room in a trade there is before reaching the bottom overbought or top oversold maximums seen lately.
The Volatility Indexes
The VIX and the Nasdaq 100 VXN are the insurance premium necessary to protect gains in the market. They show the amount traders are willing to pay to insure or profit from any possible declines. A VIX close to 11 is quite overbought and a VIX making higher highs is dangerous since it can climb to unknown levels before turning down to signal a low in price. The bottom white PPO acceleration line is better at detecting VIX highs without false signals.
The Up / Down Volume
The 3 month Nasdaq Up / Down Volume shown as a white line often turns one month before price does at the highs but immediately at the lows. The 7 day Trin version shown as blue and red lines at the bottom is better at detecting turns when very high and oversold or low and overbought.