ICE Reddit Mentions | ChartExchange

Hello everyone,
Allow me to introduce **BreadthView** — a market breadth analysis tool I am currently developing for traders and investors.
The goal of the project is to provide a **convenient way to monitor U.S. market breadth across major indices** such as the **S&P 500, Nasdaq-100, and Dow Jones**, as well as selected sectors including **S&P Semiconductor, ICE Semiconductor, S&P Utilities, S&P Insurance, and Nasdaq OMX US Water**. The list of supported indices and sectors is still growing.
# What is market breadth?
Market breadth is a value from 0% to 100% that shows what percentage of stocks inside an index are trading above their 5-day, 20-day, 50-day, 100-day, or 200-day moving averages.
For example, if the 20-day breadth value for SPY, represented by S5TW, is 20, it means that only 20% of the stocks in the S&P 500 are trading above their 20-day moving average.
# What makes BreadthView different?
The main difference between BreadthView and other charting tools is that BreadthView is focused specifically on breadth analysis, including sector-level breadth indicators that are difficult to find freely available elsewhere.
**Key features include:**
* Real-time breadth values during the full trading session, including pre-market and after-hours data.
* One-click synchronized view of a breadth chart together with the corresponding ETF chart, making it easy to analyze how the ETF price reacted when breadth reached extreme levels.
* Up to 10 charts displayed simultaneously in a single browser tab.
* Sound alerts and chart markers when breadth approaches extremely low levels, such as below 5–10%, or when breadth RSI reaches oversold conditions.
* White and green markers indicate extreme low-breadth zones, while purple markers indicate RSI-based oversold signals on breadth.
# How can this be used?
There is a more detailed explanation on the BreadthView homepage, so I won’t duplicate everything here. Instead, I’ll briefly explain how we usually use breadth charts as swing traders.
**At first glance, breadth charts may look chaotic. But if you look more carefully, breadth usually spends most of its time in a wide range between roughly 20% and 80%. It reaches extremely low levels, such as 0–10%, much less often.**
**These extreme low-breadth zones are the areas we are most interested in.**
**When breadth falls to these levels, it usually means that a very large portion of stocks inside the index has declined significantly relative to a specific moving average. This can be useful because the signal is visually clear: breadth has reached an area where it does not spend much time historically.**
**By opening a breadth chart synchronized with its ETF chart, you can see how the ETF price behaved in the past when breadth reached the 0–10% zone.**
**Usually, the ETF price also declines when breadth weakens, although not always. Sometimes the index can continue moving higher because large-cap components are still supporting the ETF.**
**However, in many historical cases, especially during broader uptrends, extreme low-breadth readings have coincided with the end of a correction and the continuation of the larger upward trend.**
**These are the types of situations we watch for when looking for better trade entry zones.**
**For longer-term positions, we usually pay more attention to the 20-day, 50-day, 100-day, and 200-day breadth indicators. The signal becomes more meaningful when several breadth indicators reach their lower ranges at the same time.**
**These setups do not happen very often, but when they do, they can highlight important market areas that may not be revisited later.**
**One simple way to explore this is to open SPY together with its 20-day, 50-day, 100-day, and 200-day breadth charts and look at how price reacted historically when breadth reached extreme lows.**
**In our experience, SPY and QQQ tend to show the clearest reactions to extreme breadth readings. Other, less popular instruments can also show useful behavior, and BreadthView makes it easier to study those reactions.**
**For intraday trading, the 5-day breadth indicator may be more useful because it reacts faster and can help identify shorter-term exhaustion or reversal zones.**
# Currently available ETFs and breadth tickers
SPY: S5FD, S5TW, S5FI, S5OH, S5TH
QQQ: NDFD, NDTW, NDFI, NDOH, NDTH
DIA: DIFD, DITW, DIFI, DIOH, DITH
SOXX: SOXX\_A5, SOXX\_A20, SOXX\_A50, SOXX\_A100, SOXX\_A200
XSD: XSD\_A5, XSD\_A20, XSD\_A50, XSD\_A100, XSD\_A200
XLU: XLU\_A5, XLU\_A20, XLU\_A50, XLU\_A100, XLU\_A200
PHO: PHO\_A5, PHO\_A20, PHO\_A50, PHO\_A100, PHO\_A200
KIE: KIE\_A5, KIE\_A20, KIE\_A50, KIE\_A100, KIE\_A200
BreadthView is currently in beta testing, and access is free.
Any feedback is welcome. I’d be interested to hear how you use market breadth in your own trading or investing process.
**Service link:** [**https://breadthview.com/**](https://breadthview.com/)