FINANCIAL ICEBERG
Always consider hidden risks
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MARKET BREATH DEPTH HEALTH
ETFs Volume Indicator : Fading ?
​August 25 ( From TradingView  )

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SAMPLE from August 25: want to subscribe ? Click Here

ETF s Volume Adv/Decl:

​​ETFs are a big factor now within the stock market; it becomes a must to follow them to ensure that we are not missing a big chunk of a market mover... ETF s volume account now for more than 15% of total volume on the stock exchanges. It now influence tremendously the market ​making​ new highs or new lows....

So the advancing volume compare to the declining volume is one good indicator for the trend of the stock market...​​​

The ETF s Adv/Decl Volume Indicator is quite volatile but the 7 DMA is Fading since August 18 as shown by the chart below...​​
ETF s Volume Adv/Decl
​Bull Bear Indicator
​ ​( 0 Oversold / 10 Overbought )
6
ETF s Volume Indicator : Near Overbought Zone ?  $SPY, $SPX, $ES_F