The Breadth Thrust Indicator is a technical indicator that looks at how many stocks advance vs. decline over 10 days.
When it snaps from around 0.40 to above about 0.615 in 10 trading days or less, that’s called a Zweig Breadth Thrust and has historically lined up with strong bull runs more often than not.
Historically it doesn’t happen often, but when it does, forward returns over the next several months have usually been positive, which is why traders get excited when the line on your chart surges like this.
Historically, once a full thrust has triggered, the index has often been higher 6–12 months later in the majority of cases.
When it snaps from around 0.40 to above about 0.615 in 10 trading days or less, that’s called a Zweig Breadth Thrust and has historically lined up with strong bull runs more often than not.
Historically it doesn’t happen often, but when it does, forward returns over the next several months have usually been positive, which is why traders get excited when the line on your chart surges like this.
Historically, once a full thrust has triggered, the index has often been higher 6–12 months later in the majority of cases.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.