The Market Strength Meter is a small addition to help show the intraday, short term and long term position of the market.
The intraday will usually start out with one positive or negative bar representing the morning's swing point.
Each level that is either held or violated will decide what the intraday (short term) meter will reflect. The intermediate and long term meters will be changed by levels that are relevant to their time frame. We will usually comment about what levels will change the long term meter in the long term Market Outlook box on the dashboard.
See the how the Market Strength Meter changed throughout the trading day in the example below. There will be more examples to follow.