TickSurfers Offense / Defense Line Indicator

Description

A comparative view between offensive ETF sectors versus defensive sectors. The "OD Line" does not adjust according to the underlying symbol, but it does adjust according to the chart timeframe. It acts as a fear or greed gauge as market participants tend to flock to defensive stocks during times of market or economic uncertainty. If the market is bullish, the OD Line will be declining. If the market is bearish, the OD Line will be rising.

Features & Settings

The default settings have been carefully selected to work optimally. Explore all the features available in TickSurfers Offense / Defense Line by going to the indicator's input settings and selecting the modes and settings your prefer.