[TTI] Whaley Breadth Thrust

––––History & Credit
The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occured only 12 times!


–––––What it does
The indicator uses 3 conditions.
Condition 1: The Advancing and Declining NYSE stocks
Condition 2: The Up and Down volume
Condition 3:The absolute price increase in the SP500
It calculates different ratios and determine bullish or bearish setting based on this.

When only conditions 1 and 2 are present, we call this a Light Thrust. When all 3 conditions have occured then we call this Full Thrust.

–––––How to use it
Consider very bullish signal when you see this.

The light thrust occured on 12JAN23 on the SPX.
The signal occured in the following years: 1974, 1982, 1987, 2002, 2008

Versionsinformation:

Updated minor bug
Added the functionality to adjust the length of the lookback