Concentration Jaws
How much of this market is really just ten stocks? A thermometer for concentration.
Own pane · Daily · Any chart; data comes from QQQ and RSP
What it shows
- One line: a 0-10 concentration score built from the QQQ/RSP ratio's five-year percentile.
- Bands: quiet, forming, marked and extreme concentration.
- Alerts when the score enters each band.
How it reads the market
When mega-cap tech runs while the average stock goes nowhere, the jaws open: the index looks healthy, the market underneath does not. This is a THERMOMETER, not a timing tool; concentration can stay extreme for months. Use it to know what kind of market you are in, not when to short it.
Settings
| Setting | Default | What it does |
|---|---|---|
| Symbols | QQQ / RSP | Mega-cap growth versus the equal-weight market. |
| History window | 5 years | The percentile lookback behind the score. |
| Band bounds | 4 / 7 / 9 | Where forming, marked and extreme start. |
Everything is an input: colors, thresholds and time windows adjust from the indicator's settings panel, no code needed.
Built-in alerts
- Concentration forming
- Concentration marked
- Concentration extreme
Set them once from TradingView's alert dialog and get notified on your phone, no chart-watching required.
Comes with the membership
The whole indicator suite is included with the paid plan, $20/month or $200/year. Subscribe, submit your TradingView username, and the scripts land in your TradingView library.
Founding offer: 50% off the first year, 6 days left.
Get full accessHow to add it to your chart
- Request access above with your TradingView username (one request covers the whole suite).
- We grant it on TradingView, usually within 24 hours; TradingView notifies you.
- On your chart, open Indicators → Invite-only scripts and add Concentration Jaws.
A market-character gauge; it deliberately gives no entries or exits.