Breadth Data Tool
Overview
The Breadth Data tool is available to anyone with access to either the Optuma Breadth data exchange, custom breadth module, or a Bloomberg Professional terminal. The data will automatically be displayed when applied to a chart of an index (eg ASX, S&P500, Nasdaq 100, etc).
Clients with the Optuma Breadth Measures data can click here to see a list of data available. Once added to a chart the required breadth measure can be selected from the tool Properties, eg S&P500 % above 200SMA:
The Plot Style can be changed for different measures, eg ASX200 Advance Decline % as a histogram:
Custom Breadth Data
Clients with the Custom Breadth module can build their own breadth data, and display it via the tool. From the Properties menu select Breadth Source > Custom and select your custom breadth data from the Breadth Type list:
Bloomberg Breadth Data
Enterprise Services clients with access to a Bloomberg datafeed can add the following Breadth values via the tool’s properties:
- Advance / Decline Daily
- Advance / Decline Weekly
- ARMS Daily
- ARMS Weekly
- Above 10 Day Moving Average
- Above 50 Day Moving Average
- Above 200 Day Moving Average
- Custom
If a chart of another index is opened (eg RAY for the Russell 3000 Index) then the measures will be for that index.
The Custom option allows you to select other Bloomberg measures using the ID code (found in the FLDS screen on Bloomberg), eg IN006 for Advance Volume, or IX108 for the percentage of new 52 week highs. To rename the custom label rename the Tool Name property:
To add the tool to your chart, select the tool from the Bloomberg tool group, and left-click on the chart to add the tool. Optuma will then draw the tool in a window below the chart using the default settings.
Scripting Function: BREADTHDATA()
Actions & Properties
Actions
Copy Data to Clipboard: Will copy the tool’s values to the clipboard which can then be inserted into a spreadsheet, for example, allowing for further analysis.
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Breadth Data tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as line colour - as this allows all the other Breadth Data tools in the chart, page or entire workbook to be updated instantly.
Copy Tool: Allows you to copy the selected tool, which can then be pasted onto a different chart window.
Move to Back: If the tool is displaying in front of other tools or indicators clicking this action will move the tool view to the background.
Move to Front: If the tool is displaying behind other tools or indicators on the chart, clicking this action will bring the tool to the forefront.
Restore Default Settings: Click this action if you have adjusted the default settings of the tool, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the tool’s properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Breadth Data tool to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Properties
Tool Name: Allows you to adjust the name of the tool, as it’s displayed in the Structures Panel.
Breadth Source: Allows you to select between Optuma EOD Breadth Data, Bloomberg Breadth Data or a Custom code.
Index Group: When Optuma EOD is set as the source, this list will display showing all available options (NASDAQ, S&P500 etc) for applicable Breath codes.
Breadth Type: Allows you to select which breadth values are displayed. The options will be sourced from the Optuma EOD Breadth data-set, or if using Bloomberg as the source - Custom, Advance / Decline Daily, Advance / Decline Weekly, ARMS Daily, ARMS Weekly, Above 10 Day Moving Average, Above 50 Day Moving Average, Above 200 Day Moving Average
Plot Style: Expands to display options to adjust the view style of the indicator (Colour, Line type, etc).
Offset: Allows you to move the indicator line forwards / backwards.
Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency of the tool.
Visible: Un-tick this checkbox to hide the tool from the chart.
Show In Price Scale: When selected the current Breadth indicator value will be displayed in the Price Scale.