Advances Declines Heatmap

What is Adv/Dec Heatmap?

The Adv/Dec heatmap is a graphical representation that shows the advances (gaining stocks) and declines (losing stocks) within a sector of stocks, providing a visual snapshot of market breadth and sentiment.

Features available in Adv/Dec Heatmap

• Visual representation of market performance through the Adv/Dec Heatmap.
• Categorization of stocks by the percentage change in colourful boxes.
• Green boxes for advancing stocks (positive price movement), red boxes for declining stocks.
• Balanced representation of market movements across sectors with equal-weighted and major-to-minor stocks.
• Provides Returns data for key indices and sectoral indices with various timeframes.
• Graphical display of return values using box representation.
• Numerical values displayed in green or red for positively or negatively trading stocks.
• Identification of sectoral strengths or weaknesses.
• Valuable insights for informed trading decisions.
• Concise and visually intuitive representation of market dynamics and trends.

How to interpret Advances Declines Heatmap?

The Adv/Dec Heatmap on the TalkOptions website interface offers traders a visually appealing representation of the market's performance. Through color-coded boxes categorized by percentage change, it provides an easy-to-understand overview of stock strength and weakness.

The heatmap includes both Equal-weighted and Major-to-minor stocks, ensuring a balanced representation of market movements across sectors. Green boxes represent advancing stocks, indicating positive price movement, while red boxes represent declining stocks.

When a stock is up by 5% or more, the Green colour is dark; when it is up by 3%, the Green colour is light; when it is up by just 1%, the Green colour is very light; and when a stock is unchanged from its previous close, the Grey colour is reflected. When a stock is down more than 5%, the Red colour is dark; when it is down less than 5%, the Red colour is light; when it is down less than 1%, the Red colour is very light; and when a stock is unchanged from its previous close, the Grey colour is reflected.

This enables traders to identify sectoral strengths or weaknesses quickly, helping them recognize sectors that are performing well or underperforming.

Traders can access returns data for Key indices and sectoral indices across various timeframes, ranging from 1 day to close to 1 year. The data is graphically presented through box representations, displaying corresponding return values. It's important to note that all data provided is specific to the NSE exchange.

Within the Key Indices and Sectoral Indices, traders can observe numerical values displayed in green or red colors. Green numbers indicate the count of stocks trading positively, while red numbers represent the count of stocks trading negatively.

This powerful feature enables investors to identify trends and potential opportunities within specific industries, providing valuable insights for informed trading decisions. The heatmap offers a concise and visually intuitive way to comprehend market dynamics and sectoral performance at a glance. By leveraging this information, traders can effectively analyze market trends, make informed trading choices, and stay ahead in the market.