The TradeOMeter is a set of proprietary over-bought and over-sold indicators. It is made up of three Trade-O-Meter gauges, a gauge showing the instantanous values, the Breadth-O-Lizer gauge, and a Tick-O-Meter gauge.

Whenever any of the gauges goes into an over-bought or over-sold positions, a vocal alert tells the traders of the status of that gauge, and an up-arrow or down-arrow will appear at the center of the gauge to visially show, and over-sold or over-bought condition.

Trade-O-Meter

Our proprietary 3 time-frame sampling formula, brings traders a multi-frame look into the market in one compact gauge.

There are 3 Trade-O-Meter gauges, for the ES (S&P500 Futures), NQ (NASDAQ Futures), and the YM (DOW Futures) contracts. Each derived directly from real-time data. The real-time values of the contracts is displayed in the respective charts, and when there is an over-bought or over-sold indication, a marker appears on the chart to mark the area.

How to use it
When the three gauges align to the left (and turn red), that market is over-sold, look for a buy opportunity. Similarly, when all three gauges align to the right side (and turn green), the market is over-bought, look for a shorting (sell) opportunity.

When these trigger, there will be a vocal alert, and you will see an arrow in the middle of the gauge. Up arrow shows buying opportunity, and down arrow shows selling opportunity.

Breadth-O-Lizer

Breadth refers to a simple idea, advancers of a session minus the decliners.

However, currently there are no indicators dedicated to measuring the breadth of the S&P500 stocks. Most other indicators calculate breadth at the end of the day for a single value measure. Here at DayTradingRadio, we bring you a real-time indicator dedicated to the S&P500 market.

Great for ES (futures), SPY, SSO, SDS, and broad market traders.

How to use
This gauge is best used in conjunction with the other indicators, showing the breadth of the stocks, and whether the market is over-bought or over-sold based on breadth.

Tick-O-Meter

Similar to breadth, tick is a simple idea, showing traders the number of stocks on the up-tick minus the stocks on the down tick. Uptick is observed if the last sale of the stock is higher than the previous sale, and vice versa for the downtick.

When this is summed up for all of the underlying of an index, it can give a powerful signal of the internals of that market at that particular moment. The tick is typically faded (traded to the reverse side).
This gauge shows the real-time tick reading of the NYSE Tick.

How to use
The best way to trade the Tick-O-Meter is in conjunction with the other indicators. When the tick is momentarily at an extreme high, it is a sign of a short-term over-bought market, and can be traded to the downside. Similarly when the tick is momentarily at an extreme negative, it is a sign that the market is short-term over-sold, and can be traded for a bounce to the upside.

Charts

The charts update in real-time with the values of the corresponding contracts. Currently the charts of ES (S&P500 Futures), NQ (NASDAQ Futures), and YM (DOW Futures) contracts are displayed.

When over-bought or over-sold indications are given by the gauges, a marker will appear on the chart marking the area of indication. Over-sold signals are marked by a green diamond, and over-bought indications are marked by a red diamond.

Note - currently the charts only start to populate when you access the page, when you close the window the charts will disappear, and they will start to rebuild from the time you have refreshed your page.

Contact us

Find us at the office

Trailor- Verkamp street no. 63, 81415 Zagreb, Croatia

Give us a ring

Dezha Manci
+38 695 645 231
Mon - Fri, 8:00-22:00

Reach out