[isatrader]

I've managed to input the year to date data for the Greater than +1x ATR(21-Day) in the S&P 1500 scan, which is interesting. Initial observation. Majority of the dips below the 10% level occur on or within a few days of a swing low.

   

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$MDB attempting to spring

   

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The Greater than +1x ATR scan dropped to 13.40% at the close today, but that still almost 10% higher than the swing low on the 20%. i.e. 10% more stocks are now in short term uptrend than on the 20th. So a divergence with the price action in the S&P 1500

   

The data from this reminds me of the new highs and new lows data, and so I'm thinking that it could be used in the same way by creating a new low equivalent also, which would be the Less than -1x ATR(21 day) scan, and then that could be overlaid on the other chart and they could also be subtracted from each other in the same ways as the new highs - new lows is done. So it would Greater than +1x ATR(21 day) minus Less than -1x ATR(21 day), which would create an oscillator chart similar to the new highs - new lows style.