The blue and red lines are indicators I calculated myself based on intraday stock market data. Anyway these may possibly correspond to market actions somewhat? Any comments would be appreciated.
It is kinda weird that you designed those things yet you have no idea if they're any good. To me they look worthless however I have no idea what you were trying to accomplish. But you do. So what is it?
sorry guys, I should have made it clear. I did not design these things. I noticed some patterns as I was analyzing data for something else. Then I dug a bit deeper. To my eyes, it seems the peaking of blue line corresponds or precedes a local market top, whereas the peak of red line corresponds or precedes a local market bottom. These indicators may somewhat correlate with market sentiments, although the correlation is not exact. But currently available sentimental indicators aren't that great either.
blue and red are two numbers I sort of came across by accident. I felt they somewhat correlated with SPX price actions, but is it just because I've been staring at them for too long? This is why I'd like to get input from others.