In this lesson, we continue with the market strength indicator on TradingView and move to the world of stocks, but in addition, David has also added in the SPY and the XLK sector ETF, so it is a nice blend.
One point to note, which follows across all these market strength indicator lessons, is the multi-timeframe aspect, and just like our charts, here, too, we use three timeframes to give us that all-important view across the time horizon. Remember, a trend starts in your fastest timeframe and then migrates through to your slowest if it is a strong trend, and this applies whether on a chart or an indicator. It is the same principle.
The stocks chosen here are INTL, AMD, AVGO, and TSLA.