Yes, but do you understand the implications of using an indicator that samples the entire market including stuff you probably don't want? e.g. Do you think a floating rate note debt security should contribute to a stock market sentiment indicator?
I use the TICK and AD-Line to know what the underlyings are doing when i trade the Emini SP500 futures. Can you send me PM please.
So you want to know what debt securities are doing when you're trading stocks? Seriously? Some facts for you: The S&P 500 comprises 377 NYSE stocks and 128 Nasdaq stocks The NYSE Tick and A/D indicators are based upon 3132 securities, of which about 2000 are operating companies and the rest are all sorts of security types (various exchange traded products, debt securities, hybrid debt-equity, closed-end funds, rights, warrants, preferreds etc). Let me put it another way.... Let's say you're going shopping for vegetables because you own a restaurant. As part of your decision making process for buying those vegetables, you use an index, which is made of up of 60% vegetables (many of which you never buy) plus 40% of the index is for cosmetics. However, you insist on using this index because it's somehow representative of what you're buying.
Same reaction applies - why use it? It's not relevant and just adds noise. You're trying to get relevant trading signals but you're just adding useless garbage to the mix.
really i wont describe my whole strategy right now to you and discuss with you if it makes sense to you or not. i think on some days and at some price Levels the market internals are useful Tools.