ftd-detector

To detect a Follow-Through Day signal, analyze historical price and volume data for S&P 500 and NASDAQ to identify rally attempts meeting O'Neil's FTD criteria. This process tracks market state from correction to rally attempt, scoring signal quality from 0-100 to guide re-entry timing.

William O'Neil's FTD methodology confirms market bottoms by identifying a powerful rally day during a market correction. It requires dual-index tracking of S&P 500 and NASDAQ, analyzing specific gain and volume thresholds to confirm a sustainable new uptrend and avoid failed rallies.

Yes, you need an FMP API key to fetch the historical price and volume data required for tracking market timing signals. The data is used to analyze S&P 500 and NASDAQ indices for rally attempts and Follow-Through Day confirmations.

A Follow-Through Day quality score calculates exposure guidance by evaluating FTD criteria including timing, gain, volume, and dual-index confirmation. It also analyzes post-FTD health indicators like distribution days and power trend to generate a 0-100 score for market re-entry.

Yes, this bottom fishing approach simultaneously tracks both S&P 500 and NASDAQ. Dual-index confirmation is a core requirement in the FTD detection logic, ensuring that a rally attempt shows broad market strength before generating a confirmed signal.

A limitation of using FTD signals is that not all confirmed days lead to sustainable uptrends; rallies can still fail. The tool monitors post-FTD health indicators like distribution days to detect weakening conditions and adjust exposure guidance accordingly.