# Market Breadth Toolkit Market Breadth Toolkit is an indicator on [Vela](https://vela.luxalgo.com/chart), our next-generation charting platform, written in Pine Script®. The Market Breadth Toolkit packs six classic breadth thrust measures (from Zweig's Breadth Thrust to Deemer's Breakaway Momentum and Whaley's advance/decline and up/down volume thrusts) into one tool, each computable on NYSE or NASDAQ data for twelve market-wide reads. Divergence detection and adjustable fixed levels turn raw participation counts into concrete signals. - Indicator in the LuxAlgo Library, by LuxAlgo, published May 14, 2025. - Access: free. - Concepts: [Advance/decline Internals](https://www.luxalgo.com/library/concept/advance-decline-internals/) (primary), [% Stocks Above 20/50/200-day MA](https://www.luxalgo.com/library/concept/percent-stocks-above-20-50-200-day-ma/), [New Highs − New Lows](https://www.luxalgo.com/library/concept/new-highs-new-lows/) - Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=cmpwn3e38004pvhsgi4n6e8o6 - Page: https://www.luxalgo.com/library/indicator/market-breadth-toolkit/ **Market Breadth Toolkit** reads the market's pulse from [advance/decline internals](https://www.luxalgo.com/library/concept/advance-decline-internals/): how many of an exchange's issues rose versus fell, and with how much volume behind them. Six thrust measures, each computable on NYSE or NASDAQ data, add up to twelve distinct market perspectives, with divergence detection active out of the box and fixed signal levels you are free to reshape. ## How to Trade the Market Breadth Toolkit? - **Wait for the thrust**: a [breadth thrust](https://www.luxalgo.com/library/concept/breadth-thrusts/) is a large impulse in participation, often marking the beginning of a bullish trend. - **Deemer Breakaway Momentum**: signals when the advancing/declining ratio exceeds 1.97 on 10-day averages or 1.72 on 20-day averages. - **Zweig measures**: Breadth Thrust divides advancing issues by advancing plus declining; Market Thrust subtracts declining issues times down volume from advancing issues times up volume for a participation-weighted impulse. - **Whaley thrusts**: Advance Decline Thrust and Up/Down Volume Thrust trigger when readings reach extremes. - **Divergences**: when price presses on while breadth fades, the toolkit marks the disagreement, a sign participation may be thinning. The default preset, Zweig's Breadth Thrust with divergences enabled, is a ready-made starting point for monitoring market shifts. ## Market Breadth Toolkit Settings - **Breadth**: selects one of the six breadth thrust measurement methods. - **Data**: toggles between NYSE and NASDAQ data. - **Divergences**: enables or disables detection and exposes its configuration. - **Use Fixed Levels**, **Top Level** and **Bottom Level**: toggle fixed levels, set top and bottom values, and choose a Levels Style (dashed, dotted, or solid). - **Breadth Colors** and **Divergence Colors** adapt the styling. ## Frequently Asked Questions ### Can I tune the thrust thresholds? Yes. Enable fixed levels and set your own top and bottom values to experiment beyond the published ones. Comparing original and adjusted thresholds side by side is a quick way to explore new market approaches. ### How do breadth signals combine with price-based tools? Breadth counts how many stocks join a move, while [a technicals-based sentiment gauge](https://www.luxalgo.com/library/indicator/market-sentiment-technicals/) such as Market Sentiment Technicals measures how hard price itself is pushing. Agreement between the two carries more weight than either read alone. ### Is the Market Breadth Toolkit free? Yes. It sits in the free tier of the LuxAlgo Library, so you can load it from this page at no cost and start reading exchange internals immediately. You can also copy the source code from this page and run it anywhere Pine Script® runs. ## Related indicators - [TICK Arbitrage Toolkit](https://www.luxalgo.com/library/indicator/tick-arbitrage-toolkit/) (TICK Index): markdown at https://www.luxalgo.com/library/indicator/tick-arbitrage-toolkit.md - [Up/down Volume](https://www.luxalgo.com/library/indicator/up-down-volume/) (Breadth, Sentiment & External Data): markdown at https://www.luxalgo.com/library/indicator/up-down-volume.md - [Participation Divergence at Index Highs](https://www.luxalgo.com/library/indicator/participation-divergence-at-index-highs/) (Breadth, Sentiment & External Data): markdown at https://www.luxalgo.com/library/indicator/participation-divergence-at-index-highs.md - [Volume Bubbles & Liquidity Heatmap](https://www.luxalgo.com/library/indicator/volume-bubbles-liquidity-heatmap/) (Breadth, Sentiment & External Data): markdown at https://www.luxalgo.com/library/indicator/volume-bubbles-liquidity-heatmap.md - [Crypto Liquidation Heatmap](https://www.luxalgo.com/library/indicator/crypto-liquidation-heatmap/) (Breadth, Sentiment & External Data): markdown at https://www.luxalgo.com/library/indicator/crypto-liquidation-heatmap.md - [Liquidation Levels](https://www.luxalgo.com/library/indicator/liquidation-levels/) (Breadth, Sentiment & External Data): markdown at https://www.luxalgo.com/library/indicator/liquidation-levels.md - [Bitcoin Power Law Clock](https://www.luxalgo.com/library/indicator/bitcoin-power-law-clock/) (Breadth, Sentiment & External Data): markdown at https://www.luxalgo.com/library/indicator/bitcoin-power-law-clock.md - [Bitcoin Power Law](https://www.luxalgo.com/library/indicator/bitcoin-power-law/) (Breadth, Sentiment & External Data): markdown at https://www.luxalgo.com/library/indicator/bitcoin-power-law.md --- Source: https://www.luxalgo.com/library/indicator/market-breadth-toolkit/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/