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Highs/Lows and Put/Calls
The Nasdaq Highs / Lows ratio is a great trend indicator shown as a white line on the chart below. It usually makes higher highs and lows when 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 Equity only and Total Put /Calls ratios shown as the top and bottom blue lines are a good indicator of overbought or oversold sentiment. They mark highs and lows when turning from very low or very high and show the potential a trade can have as they move towards the other extreme.
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 10 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 when it turns without many false signals.
The McCLellan Oscillators
The McCLellan Oscillators are moving averages of the Advance/Decline line. They are best used to detect turns up from oversold conditions, as they can decline in a flat to rising market and not that good at detecting overbought tops.
The Up / Down Volume
The Nasdaq Up / Down Volume shown as a white line often turns down before price does at the highs but turns up immediately at oversold lows. The Trin version shown as blue and red lines at the bottom is more volatile but is quite accurate at detecting very oversold lows.